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Taxation

A collection of news and information related to Taxation published by this site and its partners.

Top Taxation Articles

Displaying items 67-77
  • Naperville looks at smaller property tax increase

    Naperville looks at smaller property tax increase
    Naperville may not raise property taxes as much as anticipated. Councilmen on Wednesday showed support for a plan that would raise the average homeowner's payment to the city by $24 instead of $47. However, the plan also widens the city's budget...
  • Voters approve Virginia tax break for war widows, widowers

    UPDATE - 1 p.m., Nov 5: An amendment to Virginia's constitution giving war widows and widowers a property tax exemption passed overwhelmingly Tuesday, according to unofficial results from the State Board of Elections. With 2,553 of 2,557 precincts...
  • Ill-timed death causes tax liability stumper for estate

    Ill-timed death causes tax liability stumper for estate
    Q: My mother-in-law had a living trust with two co-trustees. My husband had power of attorney over her affairs. She needed 24-hour care, had impaired memory and other health problems, and lived near us in an assisted-living home that cost $4,000 per...
  • Water district cuts tax rate again

    Water district cuts tax rate again
    The property tax rate is dropping again for the South Florida agency that guards against flooding, protects drinking water supplies and leads Everglades restoration. The South Florida Water Management District’s board on Tuesday approved a $720...
  • Palm Beach County approves $4 billion budget

    Palm Beach County approves $4 billion budget
    More spending for the Sheriff's Office, less money to catch up on road repairs and higher property tax bills for many residents result from the $4 billion Palm Beach County budget approved Monday. While the County Commission agreed to maintain the same...
  • Morning Call Poll shows Wolf with 21-point lead

    Morning Call Poll shows Wolf with 21-point lead
    HARRISBURG — On the eve of the state's first gubernatorial debate, a new poll shows Democrat Tom Wolf still coasting with a double-digit lead over Republican Gov. Tom Corbett. The Morning Call/Muhlenberg College Poll released Sunday shows 52...
  • Hiring a nanny? Take care of the taxes

    Paying the wages of a nanny or baby sitter is expensive on its own. But if you're hiring a nanny for the first time, be sure not to forget another important expense: taxes. In the eyes of Uncle Sam, you may owe taxes on wages you pay your caregiver or...
  • Rawlings-Blake backs tax credits for urban farms

    Rawlings-Blake backs tax credits for urban farms
    Mayor Stephanie Rawlings-Blake says she is throwing her support behind City Councilman William "Pete" Welch's bill calling for a large tax break for urban farmers in Baltimore. In legislation pending in a City Council committee, Welch is seeking a 90...
  • Transferring property to children can get complicated

    Transferring property to children can get complicated
    Q: I wish to set up my daughter and son with a house. My plan is to buy two houses and rent them to each family but not collect any rent except for what it costs for the property taxes and insurance. Then at my passing, they will inherit the houses at the...
  • If it's Taxachusetts, are we Vir-clipped? Some unexpected business tax climate data

    If it's Taxachusetts, are we Vir-clipped? Some unexpected business tax climate data
    Funny, but the people who run businesses must care about their own income taxes as well as corporate tax rates when assessing a state's business climate -- or so some data from the Tax Foundation, a nonpartisan group, suggests. The Foundation ranks...
  • Can Illinois survive an income tax rollback?

    Can Illinois survive an income tax rollback?
    A week ago we explained why the race for governor of Illinois isn't only about whether incumbent Pat Quinn or challenger Bruce Rauner will be Illinois' CEO for four years. This contest also is a referendum on the future of the 67 percent personal income...