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  2. State and local tax deduction - Wikipedia

    en.wikipedia.org/wiki/State_and_local_tax_deduction

    t. e. The United States federal state and local tax (SALT) deduction is an itemized deduction that allows taxpayers to deduct certain taxes paid to state and local governments from their adjusted gross income. The SALT deduction intent is to avoid double taxation by allowing taxpayers to deduct state and local taxes from their federal income.

  3. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...

  4. The 6 Most Important Tax Deductions You Need to Claim - AOL

    www.aol.com/finance/6-most-important-tax...

    The maximum deduction you can claim for all state and local taxes, including real estate and personal property tax, income tax and sales tax, is $10,000 — $5,000 if you’re married and filing ...

  5. Newport News, Virginia - Wikipedia

    en.wikipedia.org/wiki/Newport_News,_Virginia

    GNIS feature ID. 1497043 [4] Website. nnva.gov. Newport News ( / ˌnuːpɔːrt -, - pərt -/) [6] is an independent city in southeastern Virginia, United States. At the 2020 census, the population was 186,247. [5] Located in the Hampton Roads region, it is the fifth-most populous city in Virginia and 140th-most populous city in the United ...

  6. What are real estate transfer taxes? - AOL

    www.aol.com/finance/real-estate-transfer-taxes...

    A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property. In ...

  7. Taxes are due in less than a week. Here's what to do in ... - AOL

    www.aol.com/taxes-due-less-week-heres-132131898.html

    You can check the status of your Kentucky state tax refund at the state's online portal. You can speak with an examiner about a prior year's or amended refund by calling (502) 564-4581.

  8. Payment in lieu of taxes - Wikipedia

    en.wikipedia.org/wiki/Payment_in_lieu_of_taxes

    Payment in lieu of taxes. A payment in lieu of taxes (usually abbreviated as PILOT, or sometimes as PILT [1]) is a payment made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership or use of real property .

  9. Tax on selling Newport homes over $2 million fails to pass ...

    www.aol.com/tax-selling-newport-homes-over...

    The resolution, recommended by the city administration, was to ask the city’s state legislators to file a bill that would allow the city to impose a 3% tax on property sales over $2 million to ...

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