Tax Blog

Also, does anyone know if the tax software Turbo Tax has the new tax rebate information in it?

Tax Blog

If IRS take your state tax can they do the same with your federal tax

Norton board mulls new Wheaton tax
NORTON – Selectmen have questioned a proposal to further tax Wheaton College, generating about $750,000 for the town and providing some property tax relief.

Read more on The Sun Chronicle

Tax Blog

I know that home mortgage interest payments are tax-deductible. What I dont know is when I take off the tax-deduction – is that something that can be done ONLY when I file my taxes at the end of the year?

Tax Blog

I live in San Francisco and pay California’s (in my opinion) outrageous 9.3% tax rate. In looking around I notice that Oregon has a 9% top rate while Nevada and Washington have no income tax. I know that Oregon has no sales tax, so that sort of explains things there. But can someone explain for me the basics of why California appears to be so much more expensive than Nevada and Washington? Is there some way as a California resident I can take advantage of something to avoid paying what appears to be thousands of dollars more than I would pay if I moved to Seattle? Alternately, is there some tax that they pay in Washington that I’m not considering? Finally, is it just that the California government is stupid and inefficient, or are they lacking sources of taxes that Washington state gets?

Planet Election Guide: Sales tax bump for non-profits, special events
In an effort to plug a hole in the revenue stream supporting arts, special events, and non-profit organizations in Telluride, town council has asked voters to consider a .6 percent sales tax increase on the November ballot.

Read more on Telluride Daily Planet