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Tax Credits

Steube is co-sponsoring a Republican bill to abolish the IRS direct tax filing program

A budding Internal Revenue Service (IRS) program that would allow Americans to file their taxes directly with the federal government is facing opposition from Republicans in Congress, including Rep. Greg Steube of Sarasota. Steube co-sponsored the IRS Overreach Prevention Act,…

Ohio could offer tax breaks for unborn children

An Ohio state lawmaker has introduced a new bill that would allow parents to claim their unborn children as dependents on state income taxes. State Rep. Gary Click (R-Vickery) is behind the proposal, which would allow Ohioans to count embryos…

New tax credits aim to make child care more affordable for Nebraska families

LINCOLN, Nebraska (KOLN) – Thanks to three new funding sources, Nebraska families now have more resources to help pay for child care. The Child Care Tax Credit Act provides tax credits to businesses that donate to child care programs designed…

Lafayette architect informs city council about tax credits.

The historic building on Grolee Street has been a topic of discussion in the Opelousas City Council since March. Lance Ned, the city’s bylaw officer, has spoken to the council several times, warning about the construction conditions and suggesting that…

Oklahoma’s private school tax credit requires little review

Ruby Topalian and Jennifer Palmer | Oklahoma Clock Only accredited private schools are eligible for the federal Parental Choice Tax Credit program, a voucher-like government subsidy that parents can use to cover tuition. However, schools only need to provide the…

Trump and Harris present different visions for tax policy

Enjoy free access to the best ideas and insights – selected by our editors. The race for the White House has become more exciting since President Joe Biden announced he would not seek re-election. Tax experts are closely examining both…

WBD considers $8.5 billion investment in Las Vegas studio – subject to state tax credits

Shutterstock image Erik Gruenwedel 21 August 2024 Warner Bros. Discovery will reportedly invest $8.5 billion over 17 years to produce films and television shows at a newly established production studio in Las Vegas, provided the state of Nevada passes a…

Trump targets Biden’s tax incentives for electric cars

If Donald Trump is elected president in November, he will end subsidies for electric cars of up to $7,500 per car. “Tax credits and tax incentives are generally not a very good thing,” said the Republican candidate told Reuters in…

Boone County releases figures on seniors’ property tax filings

Seniors in Boone County benefit from a property tax relief program established by the county commission. Since Jan. 1, the Boone County Collector’s Office has received more than 3,200 applications for tax relief, the county said in a news release….

Property tax relief bill enters final round of debate in Nebraska Parliament

LINCOLN, Nebraska (KLKN) – Nebraska lawmakers took another step toward passing a property tax relief plan during their special session Friday. By a vote of 39 to 8, Senators brought Bill 34 to the final round of debate. The bill…