Mahoney Sabol & Company, LLP的动态

Illinois expands property tax breaks for veterans to include World War II vets Illinois lawmakers have enacted significant changes to property tax exemptions benefiting veterans, including a landmark provision for those who served during World War II. These amendments, effective for the 2024 tax year, underscore our commitment to supporting our veteran community. The newly expanded legislation,?Public Act 103-0596, amends the Illinois Property Tax Code to make veterans who served during World War II exempt from paying property taxes on their primary residences, regardless of their disability status. The new law also extends the benefit to unmarried, surviving spouses of World War II veterans, certified by the U.S. Department of Veterans Affairs for compensation due to service-connected death. Check out the full article for all the specifics and guidelines: https://lnkd.in/g7XJasFi #veterans #worldwarII #property #taxbreak #eligibility #cookcounty #treasurer #illinois #chicagolandarea #primaryresidence #taxcode #benefits #atanationaltitlegroup #exemption #titleinsurnace #escrowservices #renewal #2024

Attention, fellow veterans and first responders! As one veteran to another, I’ve got some great news. Alliance Financial & Income Tax is here to salute your service with a 10% discount on tax preparation services! ????? Whether you’ve been in the trenches, patrolling the streets, or answering the call of duty, they’ve got your back. Here’s how to claim your well-deserved savings: Visit Alliance Financial & Income Tax: Swing by their office and let them know you’re part of the military family. They’ll take care of the rest! ???? Show Your ID: Flash your military or first responder ID, and watch that 10% melt away from your tax prep bill. ???? Relax and Reap the Benefits: Sit back, relax, and let the tax experts handle the paperwork. You’ve earned this break! ??? Remember, it’s not just about the numbers—it’s about honoring your commitment and sacrifice. So go ahead, get those deductions in order, and let Alliance Financial & Income Tax make tax season a breeze. ???? #VeteransDiscount #FirstResponders #TaxSeasonHeroes

Attention, fellow veterans and first responders! As one veteran to another, I’ve got some great news. Alliance Financial & Income Tax is here to salute your service with a 10% discount on tax preparation services! ????? Whether you’ve been in the trenches, patrolling the streets, or answering the call of duty, they’ve got your back. Here’s how to claim your well-deserved savings: Visit Alliance Financial & Income Tax: Swing by their office and let them know you’re part of the military family. They’ll take care of the rest! ???? Show Your ID: Flash your military or first responder ID, and watch that 10% melt away from your tax prep bill. ???? Relax and Reap the Benefits: Sit back, relax, and let the tax experts handle the paperwork. You’ve earned this break! ??? Remember, it’s not just about the numbers—it’s about honoring your commitment and sacrifice. So go ahead, get those deductions in order, and let Alliance Financial & Income Tax make tax season a breeze. ???? #VeteransDiscount #FirstResponders #TaxSeasonHeroes

Tax Policy is Social Policy: Veterans Day edition One of the ways that tax policy reflects social policy, or at least the values of the community, is by creating exemptions to support people or causes that the community deems important. Say what you want about the state of veterans affairs in the United States, but one way a community can show its support for veterans is to create special tax exemptions to alleviate some of the financial burden that veterans would otherwise bear. Often those exemptions revolve around exemptions from property tax, or special Homestead, provisions that, again, relate to property ownership in the state. Another exemption often involves exemptions from sales tax and other exercises on the purchase of motor vehicles. For better or for worse, there are rarely blanket, sales tax exemptions for purchases at large by veterans. Still other examples include income tax exclusions for certain veterans benefits, and other forms of veteran compensation. and my military family members would be on my case if I forgot to mention that some states offer different residency rules for service men and women, though these most often apply only to those still serving in active duty. My heartfelt gratitude to those women and men serving in our armed forces. Thank you. #pinchofszalt #taxpolicy #veteransday

There’s an important change to property tax law in Illinois for disabled veterans, which that takes effect for tax year 2023 payable in 2024. (i.e. right now.) Prior to this change, veterans who owned a home worth more than approximately $750,000 lost their disabled veteran property tax exemption entirely. With the change, disabled veterans are only taxed to the extent their property exceeds that approximately $750,000 threshold. Please make sure you pass this information along to all of your friends and family who are veterans. #realestate #illinoisrealestate #chicagorealestate #propertytaxes #disabledveterans

Today, we honor the brave men and women who have served our country. ???? On Veterans Day, we thank you for your courage, dedication, and sacrifice. At Taylor Dollens, CPA, we are proud to support veterans, not only today but every day. Whether you're a veteran business owner or navigating the complexities of taxes post-service, we're here to help. Thank you for your service! #VeteransDay #CPA #CertifiedPublicAccountant #accountant #accountingsolutions #taxpreparation #taxes #smallbusiness

Your business might qualify for an automatic federal tax extension if it’s in a federally declared disaster area or if you're a US citizen living abroad. ?? Apply electronically through IRS Free File, by mail, or via a tax professional. Sole proprietorships and SMLLCs use Form 4868, while partnerships, C Corps, and S Corps use Form 7004. In our latest blog, we'll walk you through the extension process step by step. From applying for an extension to organizing your taxes for next year, we've got you covered. Say goodbye to last-minute stress and hello to peace of mind! https://lnkd.in/dbu5Pj-m ?? #TaxExperts #TaxExtentions #ChattoaCPA

The deadline for filing a federal tax return is midnight Monday, April 15, 2024. Some people such as certain military members or Americans living abroad, may be eligible for automatic extensions. Taxpayers who need more time to file their return that are receiving an extension is quick and easy through IRS Free File on IRS.gov. An extension gives taxpayers until Oct. 15 this year to file. Note, payment is still due by the original deadline, even if requesting an extension. Taxpayers should file even if they can't pay the full amount. By filing either a return on time or requesting an extension, avoid the late-filing penalty, which can be 10 times as costly as the penalty for not paying. #taxday2024 #taxes #taxdeadline #sentinelfcu #thesentineldifference

Veterans - Review this important reminder before you prepare your 2023 income taxes. Have questions? Call San Bernardino County Veterans Affairs at 866-472-8387. #taxreturn #veterans #taxseason #incometax #taxtime #benefits

Considering a tax extension? Here's what it means: Filing for a tax extension grants you extra time beyond the initial deadline to submit your tax return. This extension, typically six months, can provide breathing room if you need more time to gather necessary documents or navigate complex tax situations. It's important to note that while an extension delays the filing deadline, any taxes owed are still due by the original deadline to avoid penalties and interest. At Boyer Financial Group, we can help you navigate the process and ensure your financial affairs are in order. Let's discuss how we can assist you in meeting your tax obligations effectively and efficiently. Visit https://lnkd.in/epkEMD-c to learn more. #DrewBoyer #BoyerFinancialGroup #WealthManagement #WeServeEverydayHeroes #FinancialAdvisor #InvestmentStrategy #Process #FinancialClarity #CertifiedFinancialPlanner #Military #CFP #FirstResponders #TaxSeason #Taxes