We need another way to shift money from government accounts to people’s pockets, not vice versa.
taxes
Posted inBusiness, Local & State, News
More than 160,000 Mainers in line for jobless-benefit tax break
Tens of thousands of people who received unemployment payments last year could get a state income tax exemption up to $10,200.
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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.
Posted inBusiness, Local & State
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 inBusiness, Local & State
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 Voices, Op-Eds, Opinion
Maine Voices: Conforming to federal PPP law will help Maine’s strapped small businesses
If the Legislature will not protect all taxpayers, they should at least implement Gov. Mills’ suggestion and protect those who borrowed less than $1 million.
Posted inEditorials, Opinion
Our View: Legislature can find a better way to help Maine’s small businesses
Not all PPP recipients are struggling small companies that need extra help from the state.
Posted inBusiness, Morning Sentinel
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.