The Federal Government is allowing you to waive the first $10,200 of unemployment income on your Adjusted Gross Income (AGI). The state of North Carolina is not. You'll have to add that income back in ...
As a result of changes in North Carolina’s state income tax law, employees must complete a new Employee’s Withholding Allowance Certificate, Form NC-4 or Form NC-4EZ, so that employers can withhold ...
People who usually pick up North Carolina income-tax forms at the library or post office won't find them there this year. The N.C. Department of Revenue has told local library officials that as a cost ...
Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. If your total itemized deductions are less than the ...
GREENSBORO, N.C. — Did you know loan forgiveness is considered income? That may come as a surprise to folks, especially those who are looking forward to student loan debt forgiveness. According to ...
With NC’s new state budget, everyone should see a bit extra in their bank accounts. When it comes to income taxes, anyone who files their taxes with a standard deduction will pay less next year, and ...
As tax season is upon us, a quick reminder that North Carolina businesses that spent Small Business Administration (SBA) Paycheck Protection Program (PPP) loan proceeds in 2020 will likely need to ...