New Mexico’s Legislature passed a $1.1 billion tax relief package Saturday at the close of its annual session as lawmakers tapped a financial windfall from oil production in efforts to break through entrenched cycles of poverty with tax refunds to working families with children, reduced tax rates and increased incentives for private industry. The House
The Biden administration hopes to assuage European economic fears over green energy subsidies in the Inflation Reduction Act. The European Union is concerned that the law gives tax credits on certain electric or hybrid vehicles built in North America, excluding those made in the EU. This has the potential to start a green energy subsidies war
Arizona food banks head into the holiday season having to buy more food, at higher prices, for more clients, with fewer donations to help them pay for it. When they can get food at all. “We have had to purchase more food to be able to keep up with demand and of course we’re not
Inflation may be high and the U.S. economy may have dipped into recession, but Democrats are still rushing to back major new spending initiatives. And not just Democrats in deep-blue districts. In swing states like New Hampshire, Nevada and Pennsylvania, Democrats are on board with an additional $1 trillion in spending from the Biden administration.
Taxpayers wanting to make donations to qualified charitable organizations and claim the Arizona tax credits on their 2021 Arizona individual income tax return have until the tax deadline of April 18, advises the Arizona Department of Revenue (ADOR). Qualifying Charitable Organizations and Qualifying Foster Care Charitable Organizations In Arizona, there are two tax credits for
The IRS said Thursday it plans to hire 10,000 new workers to help reduce a massive backlog that the government says will make this tax season the most challenging in history. The agency released a plan to work down the tens of millions of filings that includes speeding up the traditionally slow hiring process, relying
Get all the latest news for the quad city area – Email Newsletters you can trust.