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The IRS has urged taxpayers to conduct an end-of-summer tax checkup to avoid unexpected tax bills in the upcoming year. The agency emphasized that many taxpayers, particularly those engaged in the gig...
The IRS has reminded businesses that starting in tax year 2023 changes under the SECURE 2.0 Act may affect the amounts they need to report on their Forms W-2. The provisions potentially affecting Form...
The IRS and the Security Summit concluded their eight-week summer awareness campaign by urging tax professionals to implement stronger security measures to protect themselves and their clients from es...
The IRS has reminded employers that educational assistance programs can be used to help employees pay off student loans until December 31, 2025. This option, available since March 27, 2020, allows fun...
The IRS has updated the applicable percentage table used to calculate an individual’s premium tax credit and required contribution percentage for plan years beginning in calendar year 2025. This per...
The Alabama Department of Revenue announced that tax filing and penalty relief may be available to taxpayers affected by Hurricane Helene. Relief is not automatic, but granted on a case-by-case basis....
Alaska has enacted legislation creating new energy incentives by extending tax-exempt statutes to independent power producers. An electricity generation facility or electricity storage facility that i...
The Arizona Commerce Authority has updated a rule providing guidelines for the Research and Development (R&D) Refundable Tax Credit Program which provides an income tax credit for increased resear...
The Barling, Arkansas, 2% local sales tax rate is rescinded effective January 1, 2025: Local Sales & Use Tax Rate Changes, Arkansas Department of Finance and Administration, October 9, 2024...
The California lithium extraction excise tax rates for calendar years 2025 are:20,000 or less lifetime cumulative metric tons of lithium carbonate equivalent extracted by a producer are taxed at a rat...
For Colorado property for tax purposes, the Board of Assessment Appeals’ (Board’s) order was reversed and remanded with directions to include the $197,407 in resort fees in the taxpayer’s valuat...
Updated guidance is provided, in light of guidance issued by the Internal Revenue Service (IRS), on relief available to taxpayers who are unable to timely file certain returns or make certain payments...
Delaware enacted legislation that imposes:a $25 license fee; anda 4.5% lodging tax on businesses or individuals who facilitate or arrange short-term rentals through a website or other method.The tax...
The District of Columbia has extended the tax filing and payment deadlines for affected individuals and businesses affected by Hurricane Helene until May 1, 2025.Any individual and households who resi...
Consistent with the Hurricane Helene penalty relief announced by the Internal Revenue Service (IRS), the Florida Department of Revenue is also waiving the penalty for state fuel tax purposes through O...
The Governor of Georgia issued an executive order suspending fuel taxes due to the impacts of Tropical Storm Helene. The order is effective October 3, 2024, at 12:00 a.m. until the State of Emergency ...
A taxpayer's lawsuit challenging a Hawaii general excise tax assessment and requesting a refund of its payment made under protest was reinstated by the Hawaii Supreme Court. The Tax Court had dismisse...
The Idaho State Tax Commission has issued a release announcing that veterans with disabilities are eligible to have their property tax bill reduced by as much as $1,500 on their Idaho residence and up...
Effective January 1, 2025, the Village of Taylor Springs, Illinois is increasing its simplified municipal telecommunications tax rate from 7% to 13%. Informational Bulletin FY 2025-07, Illinois Depar...
Updated guidance is issued regarding the determination of the correct amount of Indiana county income tax to withhold from an employee's wages. The updated rates in the notice are effective for withho...
The Iowa Department of Revenue discusses eligibility for data center business tax exemptions. The update offers clarification on how lease agreements factor into the eligibility criteria. Specifically...
Kansas issued guidance to clarify, support, and provide instruction to both counties and taxpayers on the property tax exemption for renewable energy resources and technologies. The guidance includes ...
Kentucky announced that the personal income tax standard deduction for the 2025 tax year is $3,270. Press Release, Kentucky Department of Revenue, August 20, 2024...
For Louisiana sales tax purposes, the casinos and gaming establishments are not subject to sales and use tax for discounted items and/or complimentary items they give to patrons as incentives. The sal...
Maine Revenue Services has revised its instructional bulletin on the sales and use tax obligations for florists. The bulletin provides that for purchases of tangible personal property made by a floris...
Despite confusion as to whether Maryland taxpayers may claim the Foreign Earned Income Exclusion on personal income tax returns, the Maryland Tax Court could not decide the issue in this case because ...
The Massachusetts Appellate Tax Board (Board) determined that the property owned by the taxpayer was entitled to a full property tax exemption because the taxpayer met its burden of proving that it wa...
The Michigan Department of Treasury has reminded taxpayers that sales and use tax rule 86 (R 205.136), relating to the statutory treatment of food for human consumption has been rescinded, as of Septe...
The research tax credit for hospitals and health care providers subject to the MinnesotaCare tax will be 0.5% of revenues for patient services used to fund expenditures for qualifying research conduct...
Massachusetts updated guidance that explains tax relief resulting from a federal disaster declaration for areas in the state, including automatic return filing and payment extensions for:personal inco...
An online ordering company that allows customers to order meals and beverages from restaurants through it’s website or mobile application is not required to collect and remit Missouri sales tax as a...
Montana Gov. Greg Gianforte encourages Montana homeowners to apply for their property tax rebate. Between August 15 and October 1, 2024, eligible Montana homeowners may claim their property tax rebate...
The Nebraska Department of Revenue reminds property owners that the Property Tax Credit Act provides a tax credit based on the credit allocation valuation of each parcel of real property compared to t...
The Nevada regulation pertaining to the taxation of tobacco products, other than cigarettes, has been updated. Changes include revisions to provisions governing the payment of tax imposed on these tob...
Interest rates on underpayments and refunds will increase for 2025.For 2025, rates are:10% for underpayments; and7% for refunds.Technical Information Release TIR #2024-02, New Hampshire Department of ...
The New Jersey Division of Taxation has announced that it will follow the latest guidelines provided by the Internal Revenue Service (IRS) for special tax relief for taxpayers in declared Presidential...
New Mexico has adopted regulations regarding the newly-created clean car income tax credits against its personal and corporate income taxes. The regulations state the application procedures for the cr...
For New York personal income tax purposes, the Division of Taxation (Division) properly allocated all of the taxpayer-husband’s 2020 income from his New York employer to the state under the convenie...
A taxpayer’s petition challenging a North Carolina sales and use tax assessment was barred by the doctrine of sovereign immunity because the petition was untimely filed. In this matter, the taxpayer...
North Dakota has announced upcoming sales and use tax rate changes that are effective October 1, 2024.Burleigh CountyBurleigh County will increase its sales, use and gross receipts tax to 1% (currentl...
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the fourth quarter of 2024.The average prices per gallon for the third quarter are:$2.365 for unleaded regular...
For individual income tax purposes, the Oklahoma Tax Commission has issued an e-file handbook for software developers. The guide lists forms for 2024 that may be filed electronically, including: OTC F...
The Oregon tax court has concluded that deemed dividends arising under Subpart F of IRC Sec. 951 through IRC Sec. 965 must be reincluded in the sales factor for a corporation excise (corporate) taxpay...
The Pennsylvania Supreme Court, affirming a lower court decision, held that Pennsylvania did not have an exception or deferral principle for net gains from like-kind exchanges in the tax years at issu...
Rhode Island has issued an advisory to remind farmers of their sales tax responsibilities. The advisory notes that farms that make retail sales of taxable items must collect and remit Rhode Island sal...
In conjunction with the federal tax relief announced by the IRS for taxpayers affected by Hurricane Helene throughout the state, South Carolina is postponing until May 1, 2025, certain filing and paym...
The South Dakota Department of Revenue has updated a tax facts sheet discussing the applicability of state and local sales and use tax to motor vehicle leases and rentals. The facts sheet discusses, a...
A taxpayer’s purchase and installation of streetlights, photocells, smart nodes, and poles on behalf of public power authorities was not subject to Tennessee sales and use tax.Component Part of Elec...
The Texas Comptroller ruled in an administrative hearing that a golf course did not qualify for the resale exemption on its purchase of golf balls for use by its customers on its driving range and put...
A Utah taxpayer’s property was not entitled to exclusive use property tax exemption because the use of the property by the taxpayer’s representative’s family as their residence was more than de ...
Vermont announced that the municipality of Berlin will have a 1% local option sales tax, as well as a 1% local option meals and rooms tax and alcoholic beverage tax, effective beginning January 1, 202...
Virginia has issued a bulletin providing information regarding the automatic extension to file individual and fiduciary income tax returns and payments for taxpayers affected by Hurricane Helene. The ...
The Washington Department of Revenue has updated its rule relating to the watercraft excise tax to issue depreciation values for the 2025 calendar year. The schedule is used to determine the fair mark...
West Virginia Gov. Jim Justice continued to push legislators meeting in a special session for a reduction in personal income tax rates. He is now proposing a 2%, rather than 5% reduction in the rates...
The Wisconsin Department of Revenue (DOR) has noted that Manitowoc County will impose a new 0.5% sales and use tax beginning January 1, 2025. Post, Wisconsin Department of Revenue, October 4, 2024...
Wyoming updated its Streamlined Sales and Use Tax (SST) Agreement taxability matrix and certificate of compliance. The changes are effective August 1, 2024. Taxability Matrix: Tax Administration Pract...
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