West Virginia Disaster-area taxpayers in parts of Arizona now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. See the IRS site for more information. Disaster-area taxpayers in parts of California now...
“The Emancipation Day holiday in Washington, D.C. gives extra time in many years, but not in 2024.” State income taxes may have different deadlines – for example, Virginia state tax returns are generally due May 1. People who live in areas affected by natural disasters may have ...
Capital assets generatecapital gainsif they are sold at a profit. Some or all of those gains are subject to taxes. Capital assets include: Stocks Bonds Commodities Cars Property Collectibles Antiques Hold onto stocks for at least a year to avoid the higher short-term capital gains tax on your...
There are many tax pitfalls for business owners to be aware of and avoid, which a tax law professional can help navigate. Property Taxes As implied in the name, property taxes vary widely depending on where your property is located. Generally, a county assessor will determine your property ...
TheWestVirginiaestatetaxisequaltothecreditforStateDeathTaxescomputedasshownintheinstructionsforthefederal estatereturn.Forestatesofnonresidents,thetaxisapportioned.Pleasenotethatwherearesidentdecedent'sestateconsists ofrealestateortangiblepersonalpropertywithactualsitusoutsideWestVirginia,thetaxisalsoapportioned. ...
What are real estate transfer taxes? A real estate transfer tax is a fee you pay to a state, county, or municipality for “the privilege of transferring real property within the jurisdiction.” Depending on where you live, the tax can be a flat fee or an amount specified per every $100...
Part of the Series What You Need to Know About Marriage and Money Tetra Images Definition Marriage penalties occur because income taxes are based on a married couple's combined income, not on the incomes of each spouse individually. What Is the Marriage Penalty?
taxpayers who are required to file a Virginia tax return and expect to owe more than $150 after taking into consideration any taxes already withheld and allowable credits, must either make estimated tax payments or have additional income tax withheld throughout the year from their wages or other...
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Property tax debates have raged for years. On one side of the street are those who complain that property taxes are too high and the tax burden is growing too rapidly. On the other side of the street stands the municipal administration who responds that property tax revenue does not always ...