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187 Results found for standard deduction

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This week marks the start of tax season - and thanks to President Trump and Republicans’ Working Families Tax Cuts, North Carolinians are keeping more of what they earn.
This week marks the start of tax season - and thanks to President Trump and Republicans’ Working Families Tax Cuts, North Carolinians are keeping more of what they earn.
 
Praising North Carolina as “one of the foremost leaders in pro-growth state tax reform and relief over the past decade,” the Tax Foundation last week provided some analysis and guidance for the House and Senate tax change proposals.
Praising North Carolina as “one of the foremost leaders in pro-growth state tax reform and relief over the past decade,” the Tax Foundation last week provided some analysis and guidance for the House and Senate tax change proposals.
 
The North Carolina House, Senate, and governor have each released their budget proposals for the upcoming biennium
 
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
 
Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered structure to a flat, simple rate.
Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered structure to a flat, simple rate.
 
The North Carolina House released its biennium budget proposal this week as scheduled, and the North Carolina Senate is scheduled to release its version next before the two chambers meet to establish a conference budget
The North Carolina House released its biennium budget proposal this week as scheduled, and the North Carolina Senate is scheduled to release its version next before the two chambers meet to establish a conference budget
 
Senate Republicans introduce a relatively weak version of the universal school choice bills enacted in other states
Senate Republicans introduce a relatively weak version of the universal school choice bills enacted in other states
 
Artificial intelligence software development firm OpenAI released GPT-4, its latest AI language model, with a massive array of new capabilities.
Artificial intelligence software development firm OpenAI released GPT-4, its latest AI language model, with a massive array of new capabilities.
 
North Carolina General Assembly lawmakers from the House and Senate met Tuesday to dig into why the state has $3.25 billion in excess revenue for the 2022-23 biennium. The revenue forecast was released last week by the Fiscal Research Division and the Office of State Budget and Management (O.S.B.M.)
North Carolina General Assembly lawmakers from the House and Senate met Tuesday to dig into why the state has $3.25 billion in excess revenue for the 2022-23 biennium. The revenue forecast was released last week by the Fiscal Research Division and the Office of State Budget and Management (O.S.B.M.)
 
North Carolina lawmakers cut taxes in the last biennium budget, lowering the dollar amount workers owe to the state.
North Carolina lawmakers cut taxes in the last biennium budget, lowering the dollar amount workers owe to the state.
 
Conservative legislators in North Carolina have notably improved our state’s tax code over the past dozen years. Significant tax cuts and reforms have enabled NC to outcompete most other states economically and make it far more attractive for job creation and investment.
Conservative legislators in North Carolina have notably improved our state’s tax code over the past dozen years. Significant tax cuts and reforms have enabled NC to outcompete most other states economically and make it far more attractive for job creation and investment.
 
Though the national media often fails to give them attention, state tax reforms are underway across the country.
Though the national media often fails to give them attention, state tax reforms are underway across the country.
 
North Carolina’s decade of economic success deserves celebration. Even more so, however, it is worth applauding the important steps toward reform that state lawmakers have undertaken over the past decade.
North Carolina’s decade of economic success deserves celebration. Even more so, however, it is worth applauding the important steps toward reform that state lawmakers have undertaken over the past decade.
 
The 2021 long session brought North Carolina a “First in Freedom” budget, with pro-growth tax cuts which will continue to reward taxpayers in 2023 and beyond.
The 2021 long session brought North Carolina a “First in Freedom” budget, with pro-growth tax cuts which will continue to reward taxpayers in 2023 and beyond.
 
Some argue that minimum wage increases would create more wealth for those with the greatest need in North Carolina
Some argue that minimum wage increases would create more wealth for those with the greatest need in North Carolina
 
North Carolina places 10th in the nation for its tax environment, according to new rankings from the Washington, D.C.-based Tax Foundation.
North Carolina places 10th in the nation for its tax environment, according to new rankings from the Washington, D.C.-based Tax Foundation.
 
Indexing the standard deduction for inflation will help avoid a tax penalty on those whose real wages have actually decreased
Indexing the standard deduction for inflation will help avoid a tax penalty on those whose real wages have actually decreased
 
While she might not have dreamt of state budgets since she was a little girl, fiscal analyst Paige Terryberry is indisputably an expert today.
While she might not have dreamt of state budgets since she was a little girl, fiscal analyst Paige Terryberry is indisputably an expert today.
 
State Policy Network’s annual meeting results in Locke winning the Bob Williams Award for Biggest Home State Win
State Policy Network’s annual meeting results in Locke winning the Bob Williams Award for Biggest Home State Win
 
As reported by WSOC-TV, North Carolina’s Department of Revenue announced this week that the state will consider federal funds received as student loan “forgiveness” as taxable income:
As reported by WSOC-TV, North Carolina’s Department of Revenue announced this week that the state will consider federal funds received as student loan “forgiveness” as taxable income:
 
Lower income taxes allow people to keep more of their hard-earned money and spend it on their needs
Lower income taxes allow people to keep more of their hard-earned money and spend it on their needs
 
The elitist progressives can’t hide their disdain for the working people of North Carolina.
The elitist progressives can’t hide their disdain for the working people of North Carolina.
 
In conversations about record inflation, most people harken back to the Jimmy Carter era where annual price inflation growth surpassed 10%.
In conversations about record inflation, most people harken back to the Jimmy Carter era where annual price inflation growth surpassed 10%.
 
2021 brought many tax changes to North Carolina with the passage of the state budget, and in the end, everyone will see a bit more in their wallets.
2021 brought many tax changes to North Carolina with the passage of the state budget, and in the end, everyone will see a bit more in their wallets.
 
The last puzzle pieces of a new budget are finally coming together, as both the House and the Senate passed the $25.9 billion budget for the biennium. It is now headed to Gov. Roy Cooper, who announced earlier this week that he intends to sign it.
The last puzzle pieces of a new budget are finally coming together, as both the House and the Senate passed the $25.9 billion budget for the biennium. It is now headed to Gov. Roy Cooper, who announced earlier this week that he intends to sign it.
 
N.C. House Speaker Tim Moore, R-Cleveland, was joined by House budget chairs Monday, Aug. 9, for a news conference outlining the chamber’s biennial proposal.
N.C. House Speaker Tim Moore, R-Cleveland, was joined by House budget chairs Monday, Aug. 9, for a news conference outlining the chamber’s biennial proposal.
 
Things are quiet this week on Jones Street in Raleigh, even as work on a state budget plan, which the governor may or may not sign, looms in the legislature.
Things are quiet this week on Jones Street in Raleigh, even as work on a state budget plan, which the governor may or may not sign, looms in the legislature.
 
Gov. Roy Cooper opposes tax cuts for North Carolinians earning more than $200,000 a year.
Gov. Roy Cooper opposes tax cuts for North Carolinians earning more than $200,000 a year.
 
Senate Bill 105 will require a second vote Friday morning.
 
Democrats and their left-leaning allies offered the same criticism they have over every state budget Republicans have proposed over the last decade
Democrats and their left-leaning allies offered the same criticism they have over every state budget Republicans have proposed over the last decade
 
The N.C. House passed a bill by a vote of 100-5 on Wednesday to exempt military retirement pay from state income taxes.
The N.C. House passed a bill by a vote of 100-5 on Wednesday to exempt military retirement pay from state income taxes.
 
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