Tens of thousands of people who received unemployment payments last year could get a state income tax exemption up to $10,200.
taxes
Posted inBusiness, Nation / World, News, Politics
Biden open to compromise, but not inaction, on infrastructure plan
Sen. Joe Manchin of West Virginia, a key Democratic vote, came out Wednesday against the budget reconciliation process, which would allow Democrats to push the bill through the Senate with just a 51-vote majority.
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Posted inBusiness, Maine
Maine extends state income tax deadline to May 17
The change aligns with the federal government’s extension of the federal income tax filing and payment deadline.
Posted inBusiness, Nation / World
IRS extends tax filing deadline to May 17
The move provides more breathing room for taxpayers and the Internal Revenue Service alike to cope with changes brought on by the pandemic.
Posted inNation / World
IRS pushes filing deadline to May 17 as agency grapples with backlog of returns
Lawmakers fear that long-unresolved troubles at the Internal Revenue Service could undercut the Biden administration’s new economic recovery efforts.
Posted inBusiness, Maine
As tax deadlines approach, Maine accountants calculate uncertainties
State and federal guidelines concerning treatment of forgiven pandemic relief loans and unemployment income still need clarification, prompting tax preparers to delay filing.
Posted inNation / World
Supreme Court won’t stop turnover of Trump’s tax records to prosecutor
The high court’s action is a blow to Trump because he has for so long fought on so many fronts to keep his tax records shielded from view.
Posted inMaine, News
Maine experts laud IRS decision to offer PIN security to all taxpayers
“(Stolen identity) information is being sold, resold and misused. Bottom line, there’s no longer any such thing as being overly cautious.” — Maine credit protection expert Will Lund.
Posted inLewiston-Auburn, Maine, News
Here’s what you need to know to get a PIN from the IRS this tax season
Maine tax officials say there’s no such thing as being overly cautious.
Posted inBusiness
Potential tax on Paycheck Protection Program loans leaves businesses nervous
Under Gov. Janet Mills’s budget proposal, Maine businesses would have to pay state income taxes on the forgivable federal loans.