State taxes

The Washington National Tax Office of Grant Thornton points out the most important state and local tax developments to keep an eye out for.

Two bills in Massachusetts this year would target Harvard's endowment and its policy of admitting legacy applicants.

The city's department of finance audited Signature after the bank shuttered in March and found tax deficiencies for years 2015 through 2021 related to unreported income allocation and adjustments to investment and capital income.

Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report.

Money manager Brian Heywood has already spent nearly $7 million of his own money to get six ballot initiatives in front of Washington State voters this November, half of them tied directly to taxes.

Companies and state tax authorities are embroiled in court cases that could have a major impact on how states handle taxes on digital advertising, online sales and transfer pricing.

Lawmakers are trying to drum up support to allow a debate on raising the state and local tax deduction cap as bipartisan tax package negotiations leave out those proposals.

Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.

The five states with the highest real-estate taxes have an average rate of 2.17%.

Cooling economic growth, tax cuts and weak stock-market performance are big contributors to the drop.

A new proposal would create new definitions of digital goods for state taxation.

Automation pitfalls; partners in meetings; offering financial planning; and other highlights from our favorite tax bloggers.

The classification of marijuana as a Schedule I controlled substance has put cannabis businesses in a bind as far as federal taxes go, even as more states move to legalize the plant.

The Golden State is poised to fall well short of its budget forecasts as the recent stock market slump erodes the state's tax takings.

These are the bottom 20 states ranked by return on investment for taxpayers, based on quality of government services versus how much they cost.

Along with the possible requirement to file paperwork for establishing the corporation in the new state, there may be changes in tax responsibilities.

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

The first half of 2023 saw a flurry of state and local changes, with governments relying more on indirect taxes as borrowing becomes more expensive and the cost of providing programs increases.  

Possible staffing remedies; declared dead; Moore moves; and other highlights from our favorite tax bloggers.

The Internal Revenue Service issued guidance on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.