Texas has a complicated relationship with taxes, despite their similar spellings. The state imposes no income tax on its residents but makes up the lost revenue in other ways, mainly through higher sales taxes. The state's noteworthy tax system, coupled with the April 15 deadline to file federal income tax returns, can complicate people's understanding of the process. It certainly confused us. But fear not; we did the research. Here's everything you need to know about Texas' taxation system ahead of the April deadline. #texas #taxes2024 #taxreturns #austintx
Austin American-Statesman’s Post
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I Help Business Owners with Profit Improvement & Tax Strategy Planning 👉 bit.ly/319M2ky 👈
There are now 8 states coordinating with California to push for an exit tax. This will add more pressure to states like Florida, Texas and the remaining states that continue to offer no state income tax. Do you live in California and don't want to leave, but want help with tax strategies to reduce your tax bill? Please send me a DM to speak further.
New York has the country's most burdensome taxes: study
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The exact mix of taxes used to raise revenue among U.S. states varies greatly, though the majority of revenue comes from 4 primary sources: 🔹 Property tax 🔹 Sales tax 🔹 Individual income tax 🔹 Corporate income tax See how your state compares: https://hubs.ly/Q02jXkWy0
Unpacking the State and Local Tax Toolkit: Sources of State and Local Tax Collections (FY 2020)
https://taxfoundation.org
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Interesting article about the advantages and disadvantages of living in a state with no state income tax. The last section of the article is entitled, “Take Florida, For Example.” For me, as a volunteer tax preparer for the United Way, with a goal of doing 1000 returns this year, I very much appreciate only having to do Federal returns (in most cases). The article is quick and interesting. Which States Have No Income Tax? https://lnkd.in/dUzPmXvB
Which States Have No Income Tax?
floridarealtors.org
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President at Alexander Accounting and Tax Service Group, Inc./Providing Financial Solutions
Find out everything you ever wanted to know about the state and local taxes (SALT) deduction limitation, brought to you straight from your friends at Knightdale-based Alexander Accounting & Tax Service Group Inc.. Just click below.
Congress Toying with the SALT Deduction Limitation
aacctax.com
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If you're interested in finding out more about the state and local taxes (SALT) deduction limitation, check out this great new blog post from the Orlando-based Lindstrom CPA. Just click below.
Congress Toying with the SALT Deduction Limitation
lindstrom-cpa.com
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A bill that would have expanded the amount of state and local taxes (SALT) that can be deducted from federal tax bills was blocked from going to a full floor vote. Learn more: https://lnkd.in/gVdVYQvQ #taxcredit #taxcredits #taxdeductions #taxdeduction #taxrelief #salt #stateandlocaltaxes
Bill to expand SALT deduction blocked in U.S. House
newsday.com
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Helping Experienced Tax Professionals "Find their Space, Create their Future" at Cherry Bekaert
Exciting news for taxpayers! The SALT tax cap could be revamped, potentially leading to bigger tax refunds for millions of married couples this year. Learn more about this significant development here: https://okt.to/JbzuLw
SALT tax cap could get a revamp, meaning millions get a bigger tax refund this year
foxbusiness.com
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Exciting news for taxpayers! The SALT tax cap could be revamped, potentially leading to bigger tax refunds for millions of married couples this year. Learn more about this significant development here: https://okt.to/bCi9S5
SALT tax cap could get a revamp, meaning millions get a bigger tax refund this year
foxbusiness.com
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If you're interested in finding out more about the state and local taxes (SALT) deduction limitation, check out this great new blog post from the West Palm Beach-based Robert Fuller CPA Inc. DBA Tax One. Just click below.
Congress Toying with the SALT Deduction Limitation
mytaxone.com
