COLUMBIA, Mo. (KMIZ) Income tax changes may be on the table during the 2025 session after six Missouri senators prefiled bills that propose setting a flat tax for the state to ultimately eliminate income tax. Missouri currently has a tax rate of 0.5% for every $1,273 of annual taxable income. This rate caps out at
Continue Reading
COLUMBIA, Mo. (KMIZ) Applications are open for Boone County’s property tax exemption for seniors. Applications are available on Boone County’s website. Applications can also be picked up in person at the Boone County Collector of Revenue’s Office on the first floor of the Boone County Government Center. A state law allowing a property tax freeze for seniors
Continue Reading
Residents across Boone County and in its cities voted to impose 3% taxes on marijuana sales in their political subdivisions.
Continue ReadingBy Jeanne Sahadi, CNN Business Millions of Californians in 2022 got a special check from their state government to offer relief from a variety of negative economic events including inflation. Millions of taxpayers in other states got different types of special payments from their state governments as well — such as income or property tax
Continue Reading
H_Ko // Shutterstock States with the highest revenue from cannabis taxes Closeup of burning packet of marijuana for cash dollars. The Drug Enforcement Agency hasn’t seen any reason to remove cannabis from its list of Schedule I banned substances. Yet, cannabis in its myriad forms is pulling in billions of dollars in vital tax revenue
Continue ReadingBy Tami Luhby, CNN In adopting their rules package Monday, the new House Republican majority has made it clear that they want to rein in federal government spending and keep a lid on taxes. The package, which governs how the chamber will operate for the next two years, lays out several measures aimed at making
Continue Reading
Last year Republican lawmakers and Gov. Mike Parson celebrated the passage of a massive income tax cut worth hundreds of millions of dollars.
Continue Reading
COLUMBIA, Mo. (KMIZ) At the start of the New Year, several new laws and taxes will impact Missourians. Minimum wage increases The minimum wage in Missouri increased to $12 an hour starting Jan. 1. This is thanks to Proposition B, passed by Missouri voters in 2018. Under Prop B, minimum wage increased by 85 cents
Continue Reading
By DAVID A. LIEB and GEOFF MULVIHILL Associated Press Taxes will fall and minimum wages rise for residents in numerous states as a variety of new laws take effect Sunday that could impact people’s finances and, in some cases, their personal liberties. Some new laws could affect access to abortion. Others will ease restrictions on
Continue Reading
How has your tax burden changed since 1980? Stacker examined data from the nonprofit Tax Foundation to see which states have recorded the biggest tax growth in the last four decades.
Â
Continue Reading
Lawmakers are set to be back in the capital Wednesday, as Missouri’s special session regarding tax cuts is set to begin at 11:30 a.m.
Continue Reading
The state of Missouri officially began its back to school sales tax holiday at 12:01 a.m. Friday morning as the exemption is set to run through Sunday, Aug. 7.
Continue Reading
The Boone County Commission is set to meet Thursday at 1:30 p.m., as the newly approved use tax for Boone County is set to go through its first reading.
Continue Reading
BOONE COUNTY, Mo. (KMIZ) On Tuesday, voters in Boone County and Columbia passed a Proposition 1 Use Tax on the ballot which will add a sales tax on out-of-state vendors for online purchases. Boone County’s use tax will be 1.75% and Columbia’s be will 2%. This is the exact same as what residents already pay
Continue Reading
Experts explain about preparing for the next tax season.
Continue Reading
April 18 is right around the corner and if you haven’t filed your taxes in several years we have some information that might help you.Â
Continue Reading For anyone self-employed or making a living from a service like Door Dash, filing your earnings can be a little tricky so what do you do?
Continue Reading We’re talking about business taxes, anything business owners should know for filing taxes as well as some COVID related items.
Continue Reading As you already know, the last two years Americans have been given extra time for filing their taxes but this year the government is getting back into its normal routine.
Continue Reading
Starting off with the recovery rebate credit.
Continue Reading