Taxes News

North Carolina CPA: Kamala 'will raise taxes on business owners'

Hall CPA CEO Brandon Hall said an analysis by his company details how Vice President Kamala Harris would raise taxes, including on business owners.

By North Raleigh Today | Jul 31, 2024

From Old North News

Top marginal tax rate in North Carolina could reach 54.59% under Biden plan

By Metric Media News Service | 4 years ago

Under Democrat Joe Biden’s federal tax plan, the top marginal tax rate in North Carolina could hit 54.59 percent, according to a new analysis by the Tax Foundation.

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Taxes

CARES Act makes changes to health savings accounts

By Kyla Asbury | May 19, 2020

Because of the Coronavirus Aid, Recovery, and Economic Stabilization (CARES) Act, Americans that have employer-provided health insurance or high-deductible health plans can now buy over-the-counter medications with the tax-exempt money in both their flexible spending accounts or health savings accounts, the Carolina Journal reported.

Taxes

Strong real estate market in Wake County will mean higher property tax assessments

By Zeta Cross | Jan 26, 2020

Every four years, Wake County reappraises property values in order to reassess property taxes. Residential and commercial property owners in Wake County should have received their 2020 property tax values in the mail this month.

From Old North News

IRS audit rate for Edgecombe County residents is highest in North Carolina

By Michael Carroll | 5 years ago

Edgecombe County residents were audited by the Internal Revenue Service at a greater rate than all similar jurisdictions in North Carolina, according to an analysis by the website 24/7 Wall St.

Taxes

Senate budget vote looms as NC General Assembly reconvenes

By John Breslin | Jan 12, 2020

North Carolina's legislature reconvenes Tuesday amid the impasse over the stalled state budget.

From Old North News

North Carolina depends on property taxes for 24.9% of its state, local funds

By Michael Carroll | 5 years ago

North Carolina relies on property taxes for 24.9 percent of its total state and local revenues, according to a Tax Foundation ranking of the 50 states.

From Old North News

North Carolina places tax of 62 cents per gallon on beer

By Michael Carroll | 5 years ago

State taxation on beer in North Carolina amounts to 62 cents per gallon, according to an analysis from the Tax Foundation based on January 2019 data.

From Old North News

North Carolina collects $1 per gallon in wine taxes

By Michael Carroll | 5 years ago

The wine excise tax in North Carolina amounts to $1 per gallon, according to a Tax Foundation study based on January 2019 data.

From Old North News

North Carolina receives ‘C’ grade on national ranking of states’ fiscal health

By Michael Carroll | 5 years ago

North Carolina would need $4 billion to pay all of its bills, including public employers’ pension benefits, according to a new ranking of the states’ fiscal health by Truth in Accounting (TIA).