South Carolina has $1.8 billion in a bank account — and doesn’t know where the money came from

[ad_1] IRS has $1B in unclaimed tax refunds IRS has $1B in unclaimed tax refunds 00:25 South Carolina has collected about $1.8 billion in a bank account over the past decade  — and doesn’t know where the money came from or where it was supposed to go.  “It’s like going into your bank and the … Read more

14 states are cutting individual income taxes in 2024. Here are where taxpayers are getting a break.

[ad_1] Taxpayers in 14 states could get some financial relief this year thanks to lower individual tax rates enacted in 2024, according to an analysis from the Tax Foundation, a think tank that focuses on taxes. The reductions represent a continuation of “tax cut fever,” as termed by the left-leaning Institute on Taxation and Economic … Read more

Alex Murdaugh estate, Moselle, is back on the market for $1.95 million

[ad_1] The Trial of Alex Murdaugh The Trial of Alex Murdaugh 41:32 Moselle, the South Carolina estate that was home to the Murdaugh family prior to attorney Alex Murdaugh’s murder of his wife and son, is back on the market, with the 4-bedroom home listed for $1.95 million. The listing is a carve-out of the … Read more

5 money-saving tips for seniors this tax season

[ad_1] More than half of older taxpayers (57%) are worried they’ll have to pay more taxes this year because of the 5.9% Social Security cost-of-living adjustment in 2022, according to a January survey by The Senior Citizens League, a nonpartisan seniors group. Taxes for the over-65 set can feel more complicated for a variety of … Read more

Murdaugh estate sells for $3.9 million. Here’s who will get the money.

[ad_1] The 1,700-acre South Carolina hunting lodge where Alex Murdaugh, once a prominent lawyer in the state, killed his wife and younger son has sold for $3.9 million, according to a sale deed. Murdaugh was convicted earlier this month of killing his wife Maggie Murdaugh and son Paul at the rural estate. The buyers are James A. … Read more

IRS tells millions of Americans in more than 20 states to hold off on filing their taxes

[ad_1] The IRS is asking millions of taxpayers more than 20 states including California, Colorado and Florida who received tax rebates last year to hold off on filing their taxes.  The reason: The agency said it is seeking to clarify whether those tax rebates and special refunds are considered taxable income. “We expect to provide … Read more

IRS tells millions of Americans in 22 states to hold off on filing their taxes

[ad_1] The IRS is asking millions of taxpayers in 22 states including California and Colorado who received tax rebates last year to hold off on filing their taxes.  The reason: The agency said it is seeking to clarify whether those tax rebates and special refunds are considered taxable income. “We expect to provide additional clarity … Read more

States are flush with cash. It’s setting off “tax cut fever.”

[ad_1] Even as the U.S. economy shows signs of slowing down, many states around the U.S. are flush with cash, with their so-called rainy day funds estimated to reach a record high of $136.8 billion this fiscal year.  And lawmakers in more than half of states are responding to their new cash cushions with similar … Read more

More than half of U.S. states are moving to cut your taxes

[ad_1] Even as the U.S. economy shows signs of slowing down, many states around the U.S. are flush with cash, with their so-called rainy day funds estimated to reach a record high of $136.8 billion this fiscal year. And lawmakers in more than half of states are responding to their new cash cushions with similar … Read more

BMW to invest $1.7 billion in South Carolina as automaker shifts to electric vehicles

[ad_1] BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start building electric vehicles and an additional $700 million to build a electric-battery plant nearby. The German automaker’s announcement Wednesday reflects its commitment to transitioning to electric-vehicle production in North America, in line with similarly ambitious plans by other major … Read more