NC taxpayers could get a higher refund & waived fees in 2025 with these tax code changes
Another change to the tax code could mean you get a higher refund this year. A state law that went into effect in January ...
The average 2025 tax refund is nearly $2,000. Here’s how to get yours faster in NC
According to the IRS, the fastest way to get your tax refund is to have it electronically deposited free of charge into your ...
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Tax season open for online individual filings
GREENVILLE, N.C. (WNCT) — The North Carolina Department of Revenue and the IRS opened individual tax season Monday, Jan. 27, 2025. Individual taxpayers can begin filing to submit their returns ...
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NC Senate leader dismisses concerns that tax cuts could create 'fiscal cliff'
Senate leader Phil Berger said Tuesday he’s not concerned by a projected $823 million drop in state revenue in 2026.
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No, a Tax Return and Tax Refund Are Not the Same
Macy Meyer is a North Carolina ... tax return is the form — typically the 1040 — that you file with the IRS each year and that provides an overview of your finances, such as adjusted gross ...
Viewpoint: Time to ditch North Carolina’s harmful franchise tax
Is it time for NC to follow the lead of other states in nixing its franchise tax? A leader of Raleigh's John Locke Foundation ...
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Proposal: No federal income tax on catastrophe loss mitigation programs
(The Center Square) – Income tax should not be paid on money provided through state-based catastrophe loss mitigation programs, says a U.S. Senate proposal from North Carolina Republican Thom ...
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Economists predict modest North Carolina surplus, but warn more tax cuts will curb revenues
RALEIGH, N.C. (AP) — North Carolina ... the corporate income tax rate from 2.5% in 2024 to 2.25% this year, and it’s poised to fall to 2% in 2026. And laws reducing the individual income ...