Archive for the ‘State Taxes’ Category
North Carolina Tax Refunds
The NC Department of Revenue has announced at their website that they are releasing 2008 tax refunds as the funds are available. The downturn in the economy has reduced the amount of revenues available for refunds. Therefore, the amount of refunds released is being controlled by the amount of funds available to cover those refunds each week. Since the weekly release of refunds is based on the amount of cash available each week, the Department of Revenue says that DOR employees cannot project a specific date each refund will be released.
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It’s Not What You Earn, But What You Keep, After Taxes.™ |
NC Sales Tax Increase
The North Carolina State sales tax has increased by one percent effective September 1, 2009. As a result of the increase, the combined state and county tax rate will increase to 8.25 percent in Mecklenburg County, 8% in Alexander, Catawba, Cumberland, Haywood, Martin, Pitt, Sampson and Surry Counties and 7.75% in the remaining 91 counties. In addition, various changes were made to the rules for collecting NC sales tax for online sales.
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It’s Not What You Earn, But What You Keep, After Taxes.™ |
Posted in State Taxes