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Beginning Jan. 1, 2023, the state’s income tax is set to drop to 4.5%, and the bill’s supporters in the General Assembly have plans to approve additional 0.5% reductions if they deem the state ...
What is the capital gains tax exclusion? The tax break for homeowners is called the capital gains tax exclusion. It’s a federal benefit that allows you to exclude up to $250,000 of home sale ...
If the tax is not paid within a specified period of time (including additional interest, penalties, and costs), a tax sale is held, which may result in either 1) the actual sale of a property, or 2) a lien sold to a third party, who (after another specified period of time) may take action to claim the property, or force a later sale to redeem ...
The official start date for electronic filing of tax year 2023 Kentucky returns began Jan. 23, according to the state's tax office. The Internal Revenue Service will begin accepting and processing ...
The first broad-based, general sales taxes in the United States were enacted by Kentucky and Mississippi in 1930, although Kentucky repealed its sales tax in 1936. The federal government's per-gallon tax of gasoline (beginning at one cent per gallon in 1932) and per-package tax of cigarettes ($1.01 per package since 2009) are the most well ...
Department of Revenue of Kentucky v. Davis , 553 U.S. 328 (2008), is a United States Supreme Court case in which the Court upheld a Kentucky law that provides a preferential tax break to Kentucky residents who invest in bonds issued by the state and its municipalities ( municipal bonds ).
You can check the status of your Kentucky state tax refund at the state's online portal. You can also speak with an examiner about a prior year or amended refund by calling (502) 564-4581.
Cost of goods sold: $7,943 Gross profit $12,495 Operating expenses ... (EBT) is the money retained by the firm before deducting the money to be paid for taxes.