Prior-year safe harbor for estimated taxes of higher-income taxpayers 110% of your 2023 tax liability Standard mileage rate for business driving 67 cents Standard mileage rate for medical/moving driving 21 cents Standard mileage rate for charitable driving ...
publishes the yields of high-grade tax-exempt bonds daily. According to the Bond Buyer, issuance of new Pennsylvania bonds in the third quarter was $3.4 billion, an increase of 50% from a year ago. Year-to-date issuance of $8.2 billion is up 28% from the first three quarters of 2023...
The Pennsylvania state-wide sales tax rate is 6 percent. By law, a 1 percent local tax is added to purchases made in Allegheny County, and a 2 percent local tax is added to purchases made in Philadelphia. In addition to sales and use tax, Pennsylvania also has a hotel occupancy tax tha...
can earn Solar Renewable Energy Credits (SREC) for generating your own electricity using solar photovoltaic (PV) modules. As of 2023, Pennsylvania does not offer additional state incentives for solar panel systems. There is no sales tax exemption, property tax exemption or state income tax credit...
The key to understanding how gaming operators in the state make a profit is to analyze the payout rate. You'll find that, generally, gambling operators don't provide you with an adequate value for the probability of wager success. This gap can be understood as the profit margin of online...
How to Calculate 2019 Pennsylvania State Income Tax by Using State Income Tax Table 1. Find your income exemptions 2. Find your pretax deductions, including 401K, flexible account contributions ... 3. Find your gross income 4. Check the 2019 Pennsylvania state tax rate and the rules to calcu...
Along with paying the IRS, you must include your betting winnings in your state income tax. The flat tax rate in PA is 3.07%. Sportsbooks may also hold up to 25% of your winnings for tax purposes. Pennsylvania DFS Daily Fantasy Sports (DFS) were legalized by Gov. Wolf in 2017 when ...
June 26, 2023: The monthly hold for PA sports betting drops below $500 million for the first time since August 2022 as the "slow sports season" sets in. However, actual revenue is up slightly. May 19, 2023: Pennsylvania has an April slide in sports betting handle, posting a 20.9% ...
Pennsylvania faces a unique set of economic challenges. While the state avoided the worst of the housing crisis, many communities grapple with long-term decline. Manufacturing job losses in major cities like Philadelphia and Pittsburgh have contributed to an unemployment rate of 8% and a poverty ra...
that he’ll defund social security. the former president has said he would make social security income tax-free. that’s problematic because those revenues help to fund the program and the loss of that money means social security would be unable to pay out its full benefits in fisca...