After an interesting year with inflation, housing, energy prices, the markets and more in 2022, it’s just as important as any year to find opportunities before year-end. There are common and lesser-known tax items that can result in considerable value. […]
Tag: tax
Taxing PPP loans is wrong
Dear Editor, The Vermont Legislature is currently considering whether or not to tax the forgiven loan I received under the Paycheck Protection Program (PPP) that offered my business, Sugarsnap Catering, the relief that kept us afloat over the last year. […]
It’s time to eliminate the tax on military retirement pay
By Governor Phil Scott and Lt. Governor Molly Gray It’s well known that Vermont faces a demographic crisis. We have an aging population, with a shrinking workforce and reduced school enrollment. As a result, Vermonters continue to shoulder an increasing […]
Do not tax PPP loans
Dear Editor, Editor’s note: The following is an open letter to the Vermont Legislature from 30 business associations in response to PPP taxability. We, the undersigned organizations, representing cumulatively more than 9,500 employers with more than 200,000 employees implore you […]
Threat of government shutdown looms over budget impasse
By Xander Landen, VTDigger As a budget impasse in Montpelier drags on into another week of negotiations, an uncommon threat looms over the Statehouse: the possibility of a government shutdown. Democratic lawmakers and Gov. Phil Scott, who fundamentally disagree over the […]
Rutland property tax rate dropping slightly
By Alan J. Keays, VTDigger RUTLAND — The Board of Aldermen made a move that turned a small tax increase into a slight decrease. The board voted unanimously Tuesday night, July 18, to reduce the amount of money the city […]
More than 26,000 waiting for state income tax refunds
By Erin Mansfield, VTDigger Five weeks after the deadline for filing tax returns, more than 26,000 people are still waiting for the Vermont Department of Taxes to issue refunds on their personal income taxes. Some of those people are very […]
Senate OKs property tax increase
By Tiffany Danitz Pache, VTDigger The Senate Thursday, April 27, gave preliminary approval to a bill that will raise property taxes. The proposal transfers $8 million of the state’s annual contribution for teachers’ retirement from the general fund to the […]
New carbon tax proposals look to shift burden onto pollution
By Mike Polhamus, VTDigger Four House members are proposing what they’re calling tax reform bills that all seek to institute carbon taxes while reducing or eliminating other taxes or returning the revenue to Vermonters through other means. One of the […]
Beware of schemes during tax season
By Kevin Theissen It’s tax season! Every year, around this time, the Internal Revenue Service (IRS) publishes its dirty dozen—a list of scams criminals use to try and ferret out personal information and/or steal money. For example, if you received […]