For the first time in half a year, U.S. families on Friday are going without a monthly deposit from the child tax credit. A closer look at the impact.
Figures from the Nebraska Department of Revenue show that property owners have claimed just $73 million of the new tax credits. That means about 40% of the money allocated for the program this year has been left on the table.
The City Council on Monday approved two resolutions that will allow an Indiana company to move forward with a 192-unit affordable housing project using low-income tax credits.
The third time’s the charm, as the saying goes. President Joe Biden made good on his campaign promises and signed the third stimulus bill, styled the American Rescue Plan, into law today. The new stimulus package comes with a few caveats. While it features the same income eligibility cutoffs for full stimulus checks as the […]
State Sen. John Stinner said Gov. Pete Ricketts was "violating the spirit" of the law by directing an extra $88 million to the state's cash reserve to trigger additional property tax relief.
Developer Neeraj Agarwal believes the structure will be the first complex in recent years to be built in the downtown and midtown area fully dedicated to income-restricted affordable housing.
The federal government offers a tax credit of up to $300 for Energy Star-rated air-source heat pumps, but it expires on Dec. 31, 2020. Qualifying geothermal heat pumps are eligible for a 26% tax credit if they're installed before Jan. 1, 2021. The tax credit declines to 22% for systems that come online between Dec. 31, 2020, and Jan. 1, 2022. Some states also offer incentives for air-source heat pumps, such as a rebate of as much as $1,500 in Maine, 0% financing and rebates in Massachusetts, and a $1,000 rebate in New York.
The last five months have been unlike anything our country has ever been through. A global pandemic has taken the lives of over 100,000 Americans and cratered what was a thriving economy. And just when things started to look better – the number of positive COVID-19 tests resurged.
The developer estimates the total cost at $9.8 million and is seeking affordable housing tax credits from the state.
Too many people simply assume that they don't qualify for tax credits or don't have enough deductions to itemize. You may be passing up significant savings — especially with tax credits that subtract directly from your tax bill. Remember that some deductions are "above-the-line," meaning that you can take them whether or not you itemize other deductions.
As Washington tries to figure out ways to mitigate the threats the coronavirus poses to the US economy, President Donald Trump has said he might back a payroll tax cut for workers.
As the governor weighed in with a statement of general support for the proposed legislation to provide property tax relief and limit school aid, the committee scheduled an executive session on Wednesday to consider action on the bill.
Tax credits are even more powerful than deductions. Deductions reduce your taxable income, but tax credits subtract directly from your tax bill. Tax credits can be used whether or not you itemize.
Children donning yellow scarves filled the state Capitol’s Warner Chamber on Wednesday for the annual school choice rally promoting the latest…
Last week, the Journal Star ran an opinion piece by a lawyer ("Case could grow school choice," Oct. 24) suggesting that a pending Montana case…
DETROIT — Tesla Inc. says its customers won't get the full $7,500 federal electric vehicle tax credit after Dec. 31.
Call him the businessman governor. Or maybe Governor Businessman.
A comparison of a Republican-written tax bill approved Thursday by the House Ways and Means Committee and another being proposed by GOP members of the Senate Finance Committee:
The Legislature adjourned early without passing property tax relief. From the proposals considered, it appears to me that Gov. Pete Ricketts a…