Taxes
Florida lawmakers to consider ordering study on impacts of eliminating property taxes
Read full article: Florida lawmakers to consider ordering study on impacts of eliminating property taxesA Senate Republican on Tuesday filed a proposal that would lead to studying the possibility of eliminating property taxes in Florida.
DeSantis begins push to lower Florida property taxes, wants constitutional amendment to increase homestead exemption
Read full article: DeSantis begins push to lower Florida property taxes, wants constitutional amendment to increase homestead exemptionAs the end of his term nears, Gov. Ron DeSantis said he wants to make a major push to lower property taxes in Florida.
Stay off the IRS radar: How to avoid a tax audit
Read full article: Stay off the IRS radar: How to avoid a tax auditThe IRS will begin accepting returns on Jan. 29. And even though tax changes could be coming as President-elect Donald Trump assumes office, there are several things you should know before you file.
Owner of Florida healthcare companies withheld $10M in employee taxes, bought yacht, shopped at high-end retailers
Read full article: Owner of Florida healthcare companies withheld $10M in employee taxes, bought yacht, shopped at high-end retailersA Florida man who owned healthcare companies pleaded guilty to withholding nearly $7.5 million in taxes from his employees’ paychecks and not paying those taxes to the IRS as required by law.
Trump promises to cut taxes on tips, overtime, and Social Security. Experts say consumers will eventually pay the price
Read full article: Trump promises to cut taxes on tips, overtime, and Social Security. Experts say consumers will eventually pay the pricePresident Trump promised to make major tax cuts for Americans on the campaign trail, vowing to cut taxes on tips and overtime pay, social security taxes, and reduce corporate income taxes.
Cities across US making decisions on stadium construction deals for major sports teams
Read full article: Cities across US making decisions on stadium construction deals for major sports teamsCommunities across the country are trying to decide whether or not to shell out big bucks for professional sports stadiums. Supporters promise economic growth, but critics say the reality never lives up to the hype.
Could you see more relief on your taxes this year?
Read full article: Could you see more relief on your taxes this year?In a rare breakthrough, the House passed a $78 billion tax package, with bipartisan support, that would enhance the child tax credit for lower-income families and boost tax breaks for businesses.
Georgia Governor Kemp wants to amend bill to speed up state’s income tax cut
Read full article: Georgia Governor Kemp wants to amend bill to speed up state’s income tax cutIn Georgia, a bill passed in 2022 that reduces the state income tax each year until it reaches 4.9% by 2029. Governor Brian Kemp is looking to amend the bill to speed up the state’s income tax cut.
Why Shohei Ohtani’s heavily-deferred contract could be model pro athletes ask for going forward
Read full article: Why Shohei Ohtani’s heavily-deferred contract could be model pro athletes ask for going forwardOhtani has decided to defer $680 million of the contract until after his playing days are over, meaning he’ll take in roughly $2 million of salary each year for the duration of the contract that will run through 2033.
IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperwork
Read full article: IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperworkMost taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025.
Ponte Vedra man must pay over $1.9M back to IRS for tax evasion
Read full article: Ponte Vedra man must pay over $1.9M back to IRS for tax evasionA Ponte Vedra man who pleaded guilty to willful tax evasion was sentenced Tuesday to a year and a day in federal prison and ordered to pay $1,927,077.90 in restitution to the Internal Revenue Service.
Tick Tock: If you need extra time for taxes, here’s what to do
Read full article: Tick Tock: If you need extra time for taxes, here’s what to doYou need to get your 2022 tax return in to the IRS by next Tuesday, but if you can’t meet that deadline, you need to request an extension as soon as possible.
You’ve filed your taxes -- now, what should you do with those documents?
Read full article: You’ve filed your taxes -- now, what should you do with those documents?If you’ve finally gotten your taxes filed, you’re probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?