By Levi Sumagaysay | CalMatters If you live in California, use tax-funded roads, schools and other services, you’re on the Silicon Valley financial roller coaster whether you know it or not. The tech industry has contributed an increasing amount to the state budget, and even the way tech companies pay their employees has become a … Read more
FRANKFORT, Ky. — For weary parents rolling up their sleeves for around-the-clock diaper duty, a bill with bipartisan support in Kentucky would deliver tax relief when purchasing a necessity that adds up to a hefty expense. The measure would exempt diapers from the state’s 6% sales tax. Senators from both parties have signed on as … Read more
Housing, housing, and more housing will dominate Colorado Gov. Jared Polis’ agenda this legislative session as state leaders aim to encourage more building across the state. The governor, entering his sixth year in office, previewed his priorities Thursday in his annual State of the State address to a packed Colorado House chamber. Roughly the first … Read more
By COLLEEN LONG WASHINGTON — President Joe Biden’s son will head back to court on Thursday for arraignment in Los Angeles on federal tax charges filed after the collapse of a plea deal that could have spared him the spectacle of a criminal trial during the 2024 campaign. Hunter Biden is expected to plead not … Read more
Colorado taxpayers won’t have to pay federal income taxes on their state refunds this filing season, according to two elected officials, after the IRS resolved uncertainty surrounding that issue — at least for now. U.S. Sen. Michael Bennet and Gov. Jared Polis confirmed the Internal Revenue Service’s decision during a Tuesday meeting with IRS representatives, … Read more
IRS Commissioner Daniel Werfel testifies before the Senate Finance Committee on April 19, 2023. Chip Somodevilla | Getty Images The tax season officially kicks off Jan. 29, which marks the first day the IRS will accept and process 2023 tax returns, the IRS announced Monday. Most taxpayers must file federal returns and pay balances by … Read more
The world’s first legal sale of recreational marijuana happened in Denver on Jan. 1, 2014. In fact, it happened twice. Mason Tvert was managing the onslaught of media that descended on the Mile High City to witness the historic moment, set in motion by the successful legalization campaign he’d led. So many camera crews and … Read more
The year-end is quickly approaching, but there’s still a chance to reduce your 2023 tax bill or boost your refund with some last-minute moves, experts say. Dec. 31 is the deadline for many tax-saving opportunities, which leaves limited time to take action. “It’s a little late to be super strategic,” but there’s still some “low-hanging … Read more
Jgi/tom Grill | Tetra Images | Getty Images Does your year-end bonus look smaller than expected? Tax withholding is a likely culprit — but Uncle Sam may pay some back when you file an annual tax return, experts said. Bonuses are treated as taxable income, like wages in a typical paycheck. However, unlike wages, the … Read more
Inflation-adjusted numbers for per-resident state spending over 50+ years Is California on a bender? The state’s per-capita spending has more than tripled over the past 50 years, even when adjusted for inflation, according to state data (crunched by yours truly). Its population has doubled over that time — the sort of growth that often comes … Read more
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