Taxes

Qualified homeowners making less than $150,000 in 2021 will receive a tax credit of $1,500, while those making $150,000 to $250,000 will receive a tax credit of $1,000.

The goal of the measure introduced by Council President Clarke is to preserve and build new affordable housing in parts of Philadelphia.

Montgomery County officials have been collecting community input on the proposed real estate tax increase. The final 2023 budget is due by Dec. 15.

The Homestead Exemption program enables homeowners to reduce their property tax bill by reducing the taxable portion of their property’s value.

Alone among recent presidents, Trump refused to release his tax returns either during his successful 2016 campaign or his four years in the White House.

Donald Trump reported losses on his tax returns every year for a decade, including nearly $700 million in 2009 and $200 million in 2010, his longtime accountant testified.

The decision likely means that the returns will be released to the Committee immediately, ending a multi-year legal battle.

The earned income tax was meant to slow the rapid influx of development — including plans for more than 450 housing units and a 332-unit apartment complex.

On the November ballot, Limerick Township residents will decide if they want to pay more earned income tax used to preserve open space, which could slow down development.

Environmental groups criticize the tax credits because they would heavily subsidize natural gas production, a process that emits the potent greenhouse gas methane.

The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.

Economic signs show the start of inflation’s impact on city revenue sources, including sales tax and beverage tax.

Assemblyman Jay Webber (R-Morris) suggested that lawmakers index tax brackets to account for historic inflation rates.

While some townships are looking to save open space through ballot referendums, one Chester County township says that the process is complete.

No one likes paying taxes, but local property taxes in Pennsylvania are especially loathed.