GOP plan could mean lower taxes for Missourians
Missourians could find themselves with more money in their pockets if proposed federal tax changes make it through the Senate.
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QUESTION OF THE DAY: Would you support a flat state income tax?
Missouri lawmakers have begun to consider bills to further one of Gov. Mike Kehoe’s biggest priorities — cutting taxes. A committee on Tuesday considered a bill that would implement a flat income tax in Missouri, instead of a graduated tax that takes a higher percentage of higher incomes. Do you support a flat income tax?
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Tax bills come before Missouri House committee as advocates lobby for cuts
COLUMBIA Mo. (KMIZ) Rep. Bishop Davidson (R-Greene County) presented House Bill 100 to a special committee on tax reform Tuesday in hopes of implementing a flat 4% income tax rate in the state and getting one step closer in fully eliminating income tax. If HB 100 gets implemented, starting in 2027, the 4% flat tax
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Officials warn taxpayers of scams as tax filing season is underway
COLUMBIA, Mo. (KMIZ) As the IRS is expecting to receive more than 140 million individual tax returns this season, the Better Business Bureau is telling taxpayers to be aware of potential scammers looking to interfere with filing. The BBB reports that tax scams are the most common form of fraud reported to the bureau with
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Incoming governor Kehoe speaks about future of Missouri including crime, taxes and Amendment 3
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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Missouri senators prefile tax reform bills that include establishing flat tax, eliminating income tax
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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Missouri’s annual sales tax holiday offers relief for back-to-school shopping
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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Applications open for Boone County senior property tax exemption
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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Boone County to decide senior property tax while cities see use, marijuana sales taxes
Another April, another election full of use taxes and sales taxes.
Continue ReadingA new IRS program is helping its first users file their income taxes electronically. And it’s free
By 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 ReadingIRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding
By 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
Continue ReadingHelping prepare taxes for free is in this Virginia woman’s blood
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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Noble Health collectively owes nearly $528k in property taxes to Audrain, Callaway counties
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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Sedalia business owner pleads guilty to not paying employment taxes
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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Amendment 3 expert says local marijuana sales taxes should not stack
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 ReadingMost Americans feel they pay too much in taxes, AP-NORC poll finds
By 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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Tax professional warns of scams ahead of tax season
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 ReadingMillennial Money: Tackle overdue taxes this year
By 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 ReadingHearing complaints over property taxes, some Georgia lawmakers look to limit rising values
By 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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Taxes on sugary drinks cut consumer sales by 33%, study says
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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