#Tax Law

Here's how long it will take to get your tax refund in 2022

Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family's biggest check of the year. But as this tax season opens on January 24, taxpayers could see a repeat of last year's snarls in processing, when about 30 million taxpayers had their returns — and refunds — held up by the IRS.
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State Sen. Reichman Says Flat-Income Tax is Fair for Everyone

Governor Kim Reynolds’ legislative proposal for a flat income tax is being argued as equal, but opponents say it would benefit higher income earners. Governor Reynolds released in her annual Condition of the State address that all Iowans would pay a 4% income tax rate and no state income tax at all on retirement income. Iowa’s current tax law has high-income earners paying a larger percentage of their income than lower-income earners. District 42 Senator Jeff Reichman (R) tells KCII he supports Reynolds’ plan, “I think a flat tax is the way to go. It gets rid of a lot of the loopholes and exemptions. Of course it’s a percentage, so everybody’s paying the same share. So we didn’t have a lot of the exemptions that they had at the federal level, so I don’t think it’s going to impact any one segment, it’s more equal and I think that’s what we should do is things should be equal across the board, for everyone.”
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Good Question: Can you claim work-at-home expenses?

ROCHESTER, N.Y. (WHEC) - This week, we're answering your good questions about taxes because it all starts today. The tax filing season is just getting going. You can file now. News10NBC’s Brennan Somers is taking your concerns and questions to a local tax pro. First up, what if you've...

Tax Experts Warn You to Prepare for This From the IRS in 2022

The 2022 tax season has just begun, with taxpayers able to file their returns with the Internal Revenue Service (IRS) as of Jan. 24. The agency has warned about processing delays amid COVID, staff shortages, and an already-extensive backlog of returns from last year. But that's not all taxpayers have to prepare for. From stimulus payments to child tax credits, there were a number of alterations made to the tax code over the last couple years that will likely result in notable differences for returns in 2022. With that in mind, experts are warning people to prepare for one significant change this year. Read on to find out what you should be aware of when filing your tax returns.

Do You Need a Tax Attorney or CPA?

Do you need a tax attorney or CPA depends upon your business or personal tax or financial needs. Tax Attorneys and CPA’s both are expert in their own fields. While there might be some overlap in their expertise and skills both have different skillset that can help you in different ways.

Tax Commission denies tribal citizen’s income tax exemption appeal

On Dec. 8, the Oklahoma Tax Commission issued a final order denying the appeal of a Muscogee Nation citizen who cited the U.S. Supreme Court decision in McGirt v. Oklahoma as grounds to qualify for an “exempt tribal income exclusion” on state income taxes. “Protestant does not qualify...

CADC providing help through tax filing season

The Central Arkansas Development Council will open the VITA/EITC Tax Preparation Season on February 1. The IRS's Volunteer Income Tax Assistance (VITA) programs offer free basic tax return preparation to qualified individuals. The VITA program has operated for over 50 years. VITA sites offer free tax help to people who need assistance in preparing their own tax returns, including people who generally make $58,000 or less and persons with disabilities.