State and Local taxes deductions limited to $10,000 Unemployment income is now fully taxable IRA contribution deductions are now limited Kiddie Tax: The child’s unearned income will be taxed at the trust tax rate Re-characterization the IRA conversion has been repealed ...
An eligible employee should file the claim. Access the income tax-based refund claim Please note an employee may be eligible for both refund claims. Should you have questions regarding this matter, please contact a member of the Baker Tilly state and local tax team. Contact our team...
Last week Service Director McAbier, Code Administrator Mathias and I joined other local government officials in a discussion with State officials on the workforce, housing and infrastructure needs in our county. Representatives from the Lieutenant Governor’s office and the Ohio Department of Development...
We have expertise serving a broad range of clients, especially with Philadelphia taxes and accounting for local small businesses. Our staff of qualified professionals has worked with businesses of all sizes and industries to develop agile business models, utilize tools and technologies to tap into gro...
And here in Philadelphia, a local agency is once again launching its free tax preparation services for lower income families. TheCampaign for Working Families in Philadelphiasays now is the time to get ready. Director Mary Arthur says the agency is launching its eleventh year of offering free...
You Can Discharge Income Taxes In Bankruptcy |Taxes and Bankruptcy Philadelphia Bankruptcy Attorney, Dan Mueller A Philadelphia bankruptcy attorney explains how you can discharge federal, state, and local income taxes in Chapter 7 and Chapter 13 bankruptcy in Pennsylvania. Bankruptcy can eliminate some ...
For example, state and local income taxes and property taxes are not deductible under the AMT. For those who expect to be subject to it in 2021, don’t pay the installments due that are due in 2022 in December of 2021, TurboTax recommends. Tax-loss harvesting "Tax-loss harvesting" may ...
It is a common myth that income taxes are not dischargeable in bankruptcy. Although it is true that most taxes are not dischargeable, certain federal, state, an local income taxes are an exception. For more on discharging income taxes, see the updates to our popular post, "You Can Dischar...
In 2022, then-Pennsylvania Governor Tom Wolf signed Act 58 of 2022 into law, which permits local tax authorities to provide refunds or forgiveness of real estate taxes to low-income taxpayers. Councilmember Gauthier’s bill is the local legislation necessary to activate Act 58’s ...
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