The Connecticut pass-through entity tax, or PTET, is designed to provide a workaround to the $10,000 limit on state and local tax deductions imposed by the TCJA. Unlike other states that have passed workarounds, the PTET is an income-based tax on all affected PTEs. In 2024, Connecticut made significant revisions to its pass-through entity tax … Read more
If you’re self-employed in Connecticut, you may be able to claim a rebate of your state income taxes, including the Connecticut Self-Employment Tax. The state’s personal income tax is based on your Connecticut taxable income, which is calculated by subtracting the state’s personal exemption from your federal adjusted gross income (AGI). You can find more … Read more
Connecticut requires people to pay state income tax if they have a connection to the state. This includes residents, people working in the state, and those with Connecticut wages withheld from their paychecks. The state also taxes people who have Connecticut property tax liability. In addition, the state offers a variety of tax deductions and … Read more
The Arizona property tax is a state tax levied on the value of real estate properties within the state. It is used to fund local government services, including schools, public safety, and infrastructure development. As a property owner in Arizona, you must be aware of the various tax implications that can affect your financial status. … Read more
The state of Iowa requires businesses to pay many types of taxes. These include sales and use tax, employer taxes, and various industry and local taxes. In addition, Iowa imposes an Iowa Pass-Through Entity Tax on most pass-through entities and their owners. The state also imposes a franchise tax on some types of businesses and … Read more
A resident is defined as a full-year Kentucky resident or a part-year resident who has Kentucky gross income in excess of the modified gross income for their family size. Nonresidents are all other persons. Military personnel on active duty in the Kentucky National Guard are also considered residents for tax purposes until they establish a … Read more
A credit card company cannot stop a pending transaction from a merchant, although you can cancel it yourself before the merchant processes your item for shipping or posts it to your billing statement. If you suspect a pending charge is fraudulent, you should contact the merchant and request a refund. Most financial institutions have a … Read more
The U.S. Bank Altitude Reserve is an excellent premium travel card with a lucrative sign-up bonus and $325 in annual travel statement credits. It also provides competitive rewards rates for mobile wallet spending and travel purchases. The card is available to existing U.S. Bank customers who have a checking, savings, or mortgage account. It has … Read more
The South Dakota Lottery is one of the country’s largest platforms for winning jackpots and prizes. Since 1987, it has contributed more than $2.1 billion to state funds and other programs. The lottery offers a variety of games, including Dakota Cash, Mega Millions, Lotto America, and Powerball. Prizes can range from hundreds to millions of … Read more
If you want to renew your Texas driver’s license, you’ll need to submit the correct documents. You can do this online, over the phone, or in person. The Texas Department of Public Safety will send you a renewal notice in the mail several weeks before your current license expires. It will include instructions on how … Read more