On September 10, 2024, the California legislature unanimously approved A.B. 52, a bill that would provide a manufacturing tax credit for qualified manufacturing equipment and research and development (R&D) purchases. Currently, the state offers a partial sales tax exemption on the purchase of equip...
Of the items on the tax reform agenda, tax exemption on municipal bonds' has the longest history and, perhaps, the highest visibility to the public. The legal aspects of the issue date back to 1895 and earlier. 2 The high visibility stems from the fact that the impact of theMorris, ...
judicial, and administrative matters. The alerts provide a brief summary of specific multistate developments relevant to taxpayers, tax professionals, and other
If your spouse dies, besides being eligible for benefits from the Social Security Administration, you may qualify for a widow(er)'s tax exemption in the form of a deduction, and you may be eligible to file joint taxes for two years following the year of a spouse's death.3 Do I Have ...
In some jurisdictions, you need to record your employees' hours worked over the statutory limit, because the wages are exempt from state income tax (SIT). The payroll process uses two balances to determine these wages.
California's progressive tax system has the highest top tax rate of 13.3%, which applies to singles with taxable incomes over $1 million and married couples with incomes over $1,396,542. North Dakota has the lowest top marginal tax rate, with a 2.5% rate that applies to ...
If you happen be among this country's 1 percent of wealthiest Americans, you should be aware of a few tax rules that are helpful to those with your level of income.
1, 2025, and other New Year state tax law changes Saturday, January 04, 2025 Photo by Lara Jameson Change is a constant when it comes to life. And since taxes are a big part of life, that means we deal with tax code changes, too. At the federal level, that happens automatically ...
Wisconsin State Patrol mourns loss of two retired K-9s Updated: Dec. 22, 2024 at 2:10 AM GMT+8| By Benjamin Cadigan The Wisconsin State Patrol is mourning the loss of two retired K-9s who both passed away last week. News Funeral held Saturday for 14-year-old student killed in Madiso...
For the latest news and updates on Georgia state and local tax. Read Now State and Local Tax The complexity and persistent changes in state and local tax (SALT) laws and regulations can make it difficult for businesses to meet their objectives. At Withum, our consultants are relentless […]...