PA Property Tax Relief?
Pennsylvania has passed a property tax relief bill after debating the issue for a number of years. The full story can be found here.
Pennsylvania has passed a property tax relief bill after debating the issue for a number of years. The full story can be found here.
Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English.
The Internal Revenue Service (IRS) has issued additional guidance on state or local tax (SALT) cap workarounds, and there are no real surprises. The guidance largely puts an end to the benefits of those workarounds aimed at mitigating the consequences of SALT caps following the Tax Cuts and Jobs Act (TJCA). Under the TCJA, the…
I was thrilled to be a source for a story earlier this month about tax planning—and the lengths taxpayers may go to when a new tax changes the math. The article, written by Jack Flemming for the Los Angeles Times, focused on wealthy California residents who scrambled to avoid paying the new “mansion tax.” The…
In one of the more bizarre statements this post-election season, Gov. Pat Quinn (D) of Illinois has advised the legislature that an alternative plan to raise revenue won’t work and instead, he wants to focus on raising the state’s income tax. Days after squeaking by in the gubernatorial race, Quinn told the Chicago Sun-Times that…
North Carolina Gov. Pat McCrory is under fire for cuts to the education budget. To make way for the cuts, rates for personal and corporate income taxes were slashed with additional changes made to sales and use taxes, unemployment insurance, and property taxes. Is it worth it?
Apparently, not to be outdone by other states with sales tax holidays for back to school, Massachusetts may create a holiday for all retail goods on purchases up to $2,500 during the second weekend in August (August 11-12). If you’re from Massachusetts, you may be experiencing a little deja vu all over again… Didn’t the…
Today, my first grader will get up on stage and have quite possibly the last music recital of her (so far) brief academic career. Together with my third grader, she will sing numbers they’ve been working on for most of the semester. I’ve been told to expect “Brown Eyed Girl” for one of them –…