A Senate bill proposed by Republican Senator Phil Berger aims to reduce personal income taxes in North Carolina on an annual basis, starting this year. Senate Bill 651, titled Tax Relief For All, was co-sponsored by Senators Bill Rabon and Paul Newton The one-page bill plans to lower state individual income tax rates in North…
Republican legislators, the minority party in the General Assembly, and some Democrats have expressed disappointment in the tax-cutting plan presented by leaders of the Finance Revenue and Bonding Committee Connecticut’s state lawmakers have advanced a Democratic proposal to lower state income tax rates, but the plan has not satisfied some legislators who say it is…
Earlier this week, a new study by Financial Finesse showed that millennials could be derailing their retirement savings goals because of poor investment or financial decisions. Financial Finesse concluded millennials could be sabotaging their retirement savings goals A study released earlier this week by Financial Finesse found that Americans’ retirement savings goals preparation depends…
Two bills aimed at expanding California’s tax credits have been authored by Democratic Assembly members Mike Gipson and Miguel Santiago. The first of the California Bills, AB 1498, would raise the minimum credit of the Earned Income Tax Credit to $300 from $1 As long as the recipient earns less than $30,000 per year, the…