COLUMBIA, Mo. (KMIZ) After winning in the November election, Mike Kehoe will serve as Missouri’s 58th governor next year. Kehoe had served as lieutenant governor since 2018, after he was appointed by Gov. Mike Parson in 2018 and won the seat in the 2020 election. Prior to that, he served in the Missouri Senate. Kehoe
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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
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COLUMBIA, Mo. (KMIZ) Missouri’s annual back-to-school sale tax holiday is underway, making certain school supplies, computers, and clothing exempt from all state and local sales taxes during a 72-hour window. The sales tax holiday began Friday morning at 12:01 a.m. and will run through midnight Sunday, Aug. 4. A state law that went into effect
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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
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Another April, another election full of use taxes and sales taxes.
Continue ReadingBy FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The government’s new free electronic filing system for income tax returns is getting its first users this filing season. The IRS pilot program is known as Direct File and it’s rolling out in a limited way in 12 states. If it’s successful and scaled up for the
Continue ReadingBy FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS. Tax revenues are expected to rise by as much as $561 billion from
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By Brendan King Click here for updates on this story HENRICO COUNTY, Virginia (WTVR) — Cara Cardotti recalled growing up and watching her grandfather give back to his community before he passed away. “When my grandfather was still alive, he was connected to another free tax program through the AARP and he loved helping the
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Audrain and Callaway counties are collectively owed nearly $528,000 in property taxes from Nobel Health while bankruptcy proceedings continue.Â
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KANSAS CITY, Mo. (KMIZ) A Sedalia business owner pleaded guilty on Thursday for not paying nearly $136,000 in employment taxes, according to a press release from the Department of Jusice. Floyd H. Kronk III, 48, has owned Transition Construction since 2010 and had between six-to-15 employees, according to the release. He withheld their federal income
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A member of the team who wrote the constitutional amendment that legalized recreational marijuana in Missouri says local governments are not following the law when they double up on sales taxes.
Continue ReadingBy CORA LEWIS and LINLEY SANDERS Associated Press NEW YORK (AP) — A majority of taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for
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COLUMBIA, Mo. (KMIZ) Monday marks the beginning of tax season, and there are a few things people should be aware of before trusting someone to help with a tax return. The Missouri Department of Revenue will begin accepting electronically filed state tax returns on Monday, the same day the IRS starts accepting federal tax returns
Continue ReadingBy DALIA RAMIREZ of NerdWallet If you have unpaid or unfiled taxes, the start of a new tax season and the looming reminders of debt might fill you with dread. But it’s best to take care of back taxes sooner rather than later: The longer you put off the task, the more you’ll pay in
Continue ReadingBy JEFF AMY Associated Press ATLANTA (AP) — Some Georgia lawmakers are looking for ways to provide relief from property taxes. The proposals are coming as increases in home values have caused taxes to rise. Georgia’s Senate Finance Committee will consider a bill Monday to limit increases in a home’s assessed value to 3% per
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By Sandee LaMotte, CNN (CNN) — Raising the price of sugar-sweetened sodas, coffees, teas and energy, sports and fruit drinks by an average of 31% reduced consumer purchases of those drinks by a third, according to a new analysis of restrictions implemented in five US cities. “What we measured is how consumers change their consumption
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COLUMBIA, Mo. (KMIZ) Sunday is the final day for Boone County residents to pay their property taxes without receiving a late penalty or fee. The Boone County Assessors Office will be accepting taxes until 11:59 p.m. Sunday, Dec. 31. In-person drop offs are no longer available, but there are still multiple ways to pay. According
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COLUMBIA, Mo (KMIZ) Missouri’s annual back to school sales tax holiday began at midnight Friday, Aug. 4. For the first time, local counties can no longer opt out of the local sales tax. This means that from Aug. 4 to Sunday Aug. 6 at midnight qualifying items will not have state or local sales tax.
Continue Reading COLUMBIA, Mo. (KMIZ) Tuesday is the last day to file, pay, and request an extension to file taxes with the IRS. As of April 7, the IRS has received 101,320,000 tax returns — 97,831,000 of which were filed online — and has processed 100,367,000. The IRS has refunded $198.868 billion, with the average refund coming
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The last day for people to file their taxes is next Tuesday, April 18.
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