CPA Practice
FEBRUARY 9, 2024
Sports betting is illegal in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, Oklahoma, South Carolina, Texas, and Utah. Gambling winnings tax If you are one of the millions to place a bet this year, you need to know that the IRS considers sports betting to be gambling. Usually, the payer (e.g.,
ThomsonReuters
APRIL 25, 2024
As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.
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Cherry Bekaert
AUGUST 10, 2023
The Alabama Department of Revenue will recognize elections timely made by eligible entities in the extension period as validly made by the due date for the 2022 tax year. Hawaii The Hawaii Department of Taxation issued Tax Information Release Notice 2023-01. Louisiana Louisiana House Bill No. House Bill No.
TaxConnex
OCTOBER 5, 2021
Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland. The lowest per-capita excise tax states have included South Carolina, Nebraska, Idaho, and Arizona.
LyfeAccounting
JUNE 25, 2021
US taxpayers pay over $1 trillion in state income taxes every year. But what if you could pay $0 in state taxes? You can pay absolutely nothing in state taxes, just by packing up your bags and moving to a tax-free state. What are State Taxes? Top 10 States With The Highest Income. Oregon – 9.9%.
CPA Practice
APRIL 12, 2023
By missing out on filing a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2019. Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC). The EITC helps individuals and families whose incomes are below certain thresholds in 2019.
Anders CPA
MAY 15, 2023
Below we dive into the state and unemployment tax responsibilities employers need to know. It’s important to remember an out-of-state employee will be considered an employee in the state in which they work , not the state in which the business is based or in which the employee lives.
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