2023 Standard Mileage Rates Released, Notice 2023-3
The IRS released the optional standard mileage rates for 2023. Most taxpayers may use these rates to compute deductible costs of operating vehicles for business, medical, and charitable purposes. Some...
AK - Interest rates announced for Q1 of 2023
The Alaska interest rate for delinquent taxes and overpayment of taxes is set at 9.75%, compounded quarterly, for the period beginning January 1, 2023. The Department of Revenue posting can be viewed ...
CA - Guidance on foster youth tax credit issued
California has issued guidance on the Foster Youth Tax Credit (FYTC), which provides up to $1,083 per eligible individual or up to $2,166 if both the primary taxpayer and spouse/RDP qualify, for tax y...
GA - PTE tax FAQ's released
Georgia has released pass-through entity (PTE) tax frequently asked questions (FAQs). For taxable years beginning on or after January 1, 2022, S-Corporations and Partnerships may annually make an irre...
LA - Petition properly denied as untimely
A hotel operator’s (taxpayer’s) petition to recover Louisiana sales and use taxes paid under protest was properly dismissed because it was untimely filed. In this matter, the Department of Revenue...
MD - 2023 local income tax rates released
Maryland issued 2023 local income tax rates.Generally, Maryland's 23 counties and Baltimore City levy a local income tax which the Comptroller of Maryland collect on the state income tax return as a c...
NE - Governor highlights rate reduction bill
Nebraska Gov. Jim Pillen issued a press release highlighting 2023 tax bills, including a proposal to reduce the top personal income tax rate from 6.64% to 5.84% beginning with the 2023 tax year. Under...
NM - Governor calls for tax reform
New Mexico Gov. Michelle Lujan Grisham gave her fifth State of the State Address, and laid out her legislative priorities for the 2023 legislative session. In addition to priorities such as education,...
OK - Governor discusses plans to reduce taxes
In his second inaugural address, Oklahoma Gov. Stitt highlights his plans for reducing taxes over the next four years. Among other topics, the address highlighted Gov. Stitt's plan to reduce spending ...
PA - Rebate program applications now available
Application forms for the Pennsylvania Department of Revenue (DOR) Property Tax/Rent Rebate Program are now available for eligible residents to begin claiming on property taxes or rent paid in 2022. P...
SC - Reminder issued on Hurricane Ian extensions
South Carolina issued a reminder that extension filers who were granted relief because of Hurricane Ian have until February 15, 2023, to file their 2021 tax year individual income tax returns.Further,...