Tagged: Taxes

The anti-tax advocate, Grover Norquist, visited state legislators today to praise their efforts to lower personal and corporate income taxes.

Lawmakers in the state Senate have unveiled more details of their proposal to overhaul the state's tax code, though they haven't filed a bill yet. They propose lowering income tax rates significantly over the next three years. They also seek to lower the combined local and state sales tax to 6.5 percent.

It’s Tax Day and many people are hoping for tax refunds.  But will they save it or spend it?   The waiting room was full on Friday at the taxpayer assistance center at Northgate Mall in Durham. Tradell Adkins was there.

“Every year I try to say I’ll get it done around January, February, at the latest March.  But it always ends up being in April," says Adkins.

State lawmakers have tentatively approved a measure that would end a popular tax credit for low and middle-income residents.  House legislators passed the bill 75 to 41 yesterday.

It would allow the state's earned income tax credit to expire after this year as scheduled. Most low and middle-income families who qualify don't receive the maximum rebate of $294. But it's a popular policy, especially among families whose meager paychecks make it a struggle to save money.