Income Tax
Bipartisan Bill in Ohio Would Legalize Recreational Marijuana
The Regulate Marijuana Like Alcohol coalition is gathering signatures across the state in hopes of qualifying for the November ballot. Ohio already has a medical marijuana program.
IRS Alerts Business Owners About ERC Scam
The agency says marketing fraudsters are misrepresenting and exaggerating who can qualify for the employee retention credit.
Debt Limit Deal Includes Cut in IRS Funding, Other Measures
Biden and McCarthy announced a deal to increase the government's debt limit, enabling the nation to avoid a debt default and economic turmoil.
Biden and McCarthy Reach Tentative Debt Limit Deal
The deal struck Saturday night offers a lot for the two parties not to like, from expanded work requirements for food stamps opposed by Democrats to higher spending levels than conservatives demanded.
The Tax Blotter – May 29, 2023
The Tax Blotter is a round-up of recent tax news.
Democrat and Republican Representatives Introduce Bill to Simplify Tax Extensions
The bill would allow taxpayers to automatically qualify for an extension without fear of penalty by paying a simple, easily-calculated amount of 125 percent of their prior year’s tax liability.
After Debt Ceiling Deal is Reached, House GOP Likely to Roll Out Tax Package
A House Republican tax proposal could include changes involving R&D credits and 1099-K relief for casual online sellers.
New Jersey Considers Tax Cuts for Seniors and Businesses
New Jersey is home to the nation’s highest property taxes, with the average bill hitting a record $9,490 in 2022.