Tax experts say while it might be October, tax season will be here before you know it.

The Henry County Board of Supervisors voted on Tuesday to balance its fiscal year budget through use of the county’s general fund reserves instead of increasing real estate taxes.

A tax increase could be coming to Henry County to help fund the school system.

Real estate assessments in Buena Vista have soared, leaving homeowners shocked and worried about the implications of higher taxes on their financial well-being.

The Montgomery County Board of Supervisors has voted to approve a new proposed tax rate and budget.

The county is proposing a five-cent increase from 70 cents per $100 of assessed value to 75 cents.

The Montgomery County Board of Supervisors will vote on the “proposed budget” Monday. People are upset there because of the potential increase in real estate tax.

Tax season officially comes to a close on April 15, and we’re talking to a finance expert about what you need to do if you have not filed yet.

The clock is ticking on the deadline to file your federal taxes. However, if you haven’t started, there is no need to panic. You still have a little bit of time left to get everything done.

Finance experts said the most important part of tax season is to start early and get organized.

Tax filing season is underway, and I’m sure you want to get a large rebate. However, filing can also be a headache for some people.

Ohtani has decided to defer $680 million of the contract until after his playing days are over, meaning he’ll take in roughly $2 million of salary each year for the duration of the contract that will run through 2033.

Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025.

Come July 1, hundreds of Bedford County residents will fall under the town's jurisdiction.

The Montgomery County Board of Supervisors approved a new tax rate of $0.70 per $100 of assessed value.

People in Bedford County may have to pay more in real estate taxes and county leaders are planning $55,000,000 worth of improvement projects they say will attract more people to the area.

Montgomery County leaders want to hear from the public about how money is spent, and the board of supervisors is holding a public hearing.

The deadline to file your taxes is fast approaching.

Nearly 40 people are set to speak at Tuesday night's Lynchburg City Counsel meeting in opposition to real estate tax cuts.

Leaders in Montgomery County are looking to propose a 73 cent real estate tax.

Montgomery County is looking to possibly raise real estate taxes, and we want to hear from you.

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In a 4-3 vote, the Montgomery County Board of Supervisors approved a measure allowing the county to collect 40 cents on cigarettes sold in “unincorporated areas” outside the towns.

The BBB says the best way to avoid tax scams to is file early and watch out for red flags.

The IRS has made several changes for the 2022 returns, which include lowering tax credits.

It is projected that the increased property value will bring in $112 million in tax revenue for the Star City.

In Bedford County, that tax is $2.35 per every $100 of the assessed value of your property, like your car.

Virginia Tax is reminding taxpayers that the individual income tax filing extension deadline is days away on Nov. 1.

Because of the $43 million budget surplus, one Lynchburg City Councilman is proposing to give some of the money back to taxpayers.

Some drivers can let out a sigh of relief in Pulaski County.

This fall, some Virginians may be getting some extra money in their pockets, thanks to this one-time tax rebate.

Pulaski County Administrator, Jonathan Sweet said there was no evidence of fraud from the 2021 audit.

As President Joe Biden continues to push his proposal for a federal gas tax holiday, Virginia State Senators Tim Kaine and Mark Warner have some concerns.

Roanoke City’s leaders will be discussing giving a rebate to those who have paid their personal property taxes, according to Roanoke City Councilwoman Stephanie Moon Reynolds.

The bipartisan $224 Billion total package includes nearly $4 Billion in tax cuts.

Roanoke City Council held a public meeting to hear many concerns and frustrations you all shared: the increase in personal property taxes.

The deadline is Monday, April 18.

It seems like you hear about it more and more these days: The extreme lengths people are going to in order to buy a new house; how much it costs to fill up the gas tank; and what we’re spending at the grocery store.

Virginia’s General Assembly will reconvene in Richmond on Monday, April 4 for a special session.

The IRS does not allow people to claim pets as dependents on their taxes, despite piling food and vet bills.

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

Virginia Governor Glenn Youngkin visited Lynchburg Friday and spoke one-on-one with 10 News about several topics impacting Southwest and Central Virginia.

Here are facts and figures of the OECD’s plan and what it hopes to achieve.

You likely know what “income” means, and of course you’re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

Whether you’re new to owning your own business or a seasoned vet, taxes can be so stressful. It’s easy to overlook things or simply forget an item here and there.

If you’re expecting a generous refund this season, you’ll want to make that money work as hard as you do.

Tax havens, also known as offshore financial centers, are a country or jurisdiction that has minimal tax liabilities to foreign individuals or businesses.

Tax season is officially here, meaning you have the next couple months to get those returns filed! This year’s IRS deadline is April 18.

The tax break would apply for all vehicles, but only for 2022.

Tax filing season is here but so are the scammers looking to take your money.

If you need help filing your taxes, Total Action for Progress (TAP) in Roanoke is ready to help.

How to prepare for the upcoming tax season and when you expect your refund.

December is the perfect time to do some year-end tax planning.

For those who plan on donating to a charitable organization for Giving Tuesday, there could be some opportunities to receive money back when filing taxes next year.

Pittsylvania County residents may have seen a spike in their personal property taxes this year.

Neely has nearly 40 years of experience and said from more people filing unemployment to PPP loans and stimulus checks, this tax season is unique. Make sure you have a tax preparer caught up with all the changes.

If you already anticipate needing some extra time to file your federal tax return, there’s some good news. You can always file for an extension.

LYNCHBURG, Va. – Lynchburg residents have the chance to attend a public hearing on March 30 and express their thoughts over the city’s budget. One major item is a possible increase in real estate taxes. Preston said his valuation went up 16%, and he’s already paying about $1,100 a year. This comes as the city council considers raising real estate taxes because Lynchburg’s total assessment went up to $428 million. “For the city government to now come in and say, ‘okay, we’re going to add an extra burden, another $4.2 million of tax increase on these citizens and businesses?

If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.

On Tuesday, more than 100 lawmakers, including four representatives from Virginia, signed a letter asking the IRS to extend the deadline to July 15. With the IRS handling a third-round of stimulus checks and fewer tax service aides available because of the coronavirus pandemic, agencies are feeling the pressure. AdEvery year, Total Action for Progress (TAP) offers free tax filing services. “With a pandemic still hanging over our heads, I would love to get some more time.”To meet in the middle, the IRS set the new deadline date for May 17. But more than 150 million tax returns are expected to be filed this year and with the new deadline, tax refund checks may not arrive until 6 to 8 weeks after filing.

Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

For those who will have to pay money on their tax returns, a big question usually follows once the amount owed is determined: Should I put this tax bill on my credit card?

Even if we think we have some knowledge about anything tax-related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

Tax season can be a reason to laugh, as these famous TV episodes showed.

A common aspect of the COVID-19 pandemic over the past two or so years has been more employees working remotely, but that doesn’t necessarily mean all those people were working from their homes.

Willie Nelson owed millions in taxes, so the IRS came up with an idea to help.

Tax season is busier than usual for professional athletes and the people they put in charge of their taxes.

These 10 celebrities found out the hard way not to mess with the IRS.

Are you knee-deep in receipts, 1099 forms and W2s? Or are you all done?

Did you know when you’re getting ready for tax season, there are two types of preparation methods?

When you hear someone say that he or she is an accountant, do you think of taxes right away?

If you’ve finally gotten your taxes filed, you’re probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?

When it comes to tax write-offs, many people will stretch the limits to see what they can get away with.

It is easy to put off doing your taxes until the last minute. No one likes to deal with the IRS, and sometimes, procrastination happens as a result.

There’s one day each year that sticks out to American taxpayers everywhere, and this year is April 18: Tax Day. But to another group of people -- the ones who make quarterly payments -- there are three other times a year to pay up.

For those who turned to unemployment benefits last year, with tax season upon us, you might be wondering how it’s all going to shake out when it comes to filing your income taxes. But here’s the thing: You still have to pay federal taxes on said unemployment benefits. It ensures you won’t have that burden later, giving you a head start when tax season approaches. Pay quarterlyIf you didn’t have your taxes withheld, another option is to send quarterly estimated taxes on that money to the IRS. When quarterly taxes are due:When you get paid Tax due date Jan. 1–March 31 April 15 April 1–May 31 June 15 June 1–Aug.

Regardless of whether you’ve paid someone for help or tried to do it on your own, even just gathering all the data you need for filing your federal income taxes can seem daunting.

Tax filings start Friday, Feb. 12 and the Better Business Bureau recommends you file sooner rather than later. There’s a risk that comes with waiting and the BBB calls it tax identity theft. Someone could use your social security number to file a phony tax return and collect your refund. You won’t know the identity theft happened until you file and the IRS rejects it as a duplicate filing. Another way someone can fall victim to tax identity theft is IRS impersonation scams.

ROANOKE, Va. – Americans are preparing to receive money from the government, but not just in the form of $600 stimulus checks. Tax return filing season will likely begin by the end of January and tax return preparer David Kembel anticipates the process will have an additional significance this year because of the stimulus payments. Kembel said that’s because of the IRS, not because of individual tax return preparers. “Just give everyone some money and don’t worry about it, but they did tie it to taxes.”Kembel expects many Americans to file early because of the stimulus checks, but tax return preparers are used to an early flood of customers every tax season. “Everything in between is just a blur.”The IRS has not yet set the first day for filing tax returns.

Earlier this week, the IRS announced the 2021 tax year annual inflation adjustments for more than 60 tax previsions. Those include tax rate schedules and other tax changes. The following are the 2021 tax rates, which will be used when filing taxes in 2022 for the previous year of income. Taxpayers with lower incomes with have lower federal tax rates. Click or tap here to learn about more changes that have come with tax inflation adjustments for tax year 2021.

The clock’s winding down on the extended tax season, and for those who might have procrastinated, we’re here to fill you in on your options, so you can decide for yourself which tax preparation service is best for you. With the help of Consumers Advocate, we’ve provided a comprehensive list for you. Click on the following company names to learn more about how the services they provide stack up: Jackson Hewitt | TaxPoint | Taxbrain | OnePriceTaxes.

One law most people wont be happy about is the increase in Virginias gasoline tax. Since January 2015, Virginians have been paying a tax of 16.2 cents per gallon on regular gas. Part TwoThe other part of this tax is a regional gas tax of 7.6 cents per gallon that will now be charged everywhere in Virginia. For those along the Interstate 81 corridor, in Northern Virginia or in the Hampton Roads area, this regional tax is nothing new. So this represents a 3.6 to 5.4-cent per gallon increase on the previous tax.

Those taxes go into effect on July 1. Here’s a look at some of the new taxes:Cigarette and Tobacco Products Tax Increase: The tax rate will double for cigarettes and other tobacco products currently subject to the tax. Halifax County Local Tax Increase: Beginning July 1, a new 1% retail sales and use tax raises the tax rate in Halifax County to 6.3%. This includes the 4.3% state tax, the 1% local option tax and the 1% Halifax additional tax. You can see the a complete list of the new 2020 state and local tax laws here.

Have you ever seen this quote floating around the internet? “Impossible only means you haven’t found the solution yet.”

WASHINGTON – The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said late last week. Mnuchin announced the decision in a tweet Friday, saying that at President Donald Trump’s direction, “We are moving Tax Day from April 15 to July 15. The delay is available to people who owe $1 million or less and corporations that owe $10 million or less. It is expected that many states will follow the lead of the federal government and delay their tax filing deadlines as well but that will be a state by state decision. The administration is working with Congress to develop a $1 trillion support package and Mnuchin has said the IRS payment delay will add $300 billion to that effort.

Tax season and credit cards seem to go hand-in-hand like peanut butter and jelly, at least if you believe the findings of a recent study conducted by Credit Card Insider. Using SurveyMonkey to conduct an online survey of 3,114 adults from Feb. 3-5, Credit Card Insider found out the following information when it comes to how important credit cards are for people during tax season. 14% of respondents who expected to owe this year planned on using a credit card to pay their taxes. Of those expecting a tax refund, 40% had credit card debt. 75% of those with debt plan to use their tax refund toward paying it off.

But listen, if you’re thinking you might be getting a refund, that’s pretty good incentive to get it taken care of. If IRS accepts return by: Direct deposit sent (or paper check mailed one week later): Feb. 3 Feb. 14 (Feb 21) Feb. 10 Feb. 21 (Feb 28) Feb. 18 Feb. 28 (Mar. 6) Feb. 24 Mar. 10) March 29 Apr. Are you currently waiting on a refund?

ROANOKE, Va. – With the new year comes a few new laws in Virginia. Some personal hygiene products will cost less beginning Jan. 1. Tax changes will lower the price of some items, including feminine hygiene products, disposable diapers and disposable bed sheets. There will also be an increase to the standard deduction when filing income taxes ahead of the 2020 deadline. Click here for more on the tax changes.

Here are some tips to help whittle down your tax bill:-Keep track of gifts to charity. All these could be a tax deductable item. An individual retirement account or health savings account can be a place to shelter tax refunds. -In place of an I.R.A, simplified employee pension plan. self-employed people can especially find areas to deduct, such as health insurance costs.

Managing credit cards wisely can drive up your credit score and save you a lot of money on loans and lines of credit. Credit Cards Show Good ManagementAnyone who hopes to qualify for a loan has to have a credit history, and that includes any money you've ever borrowed. The first step to managing your credit score is knowing what's in your credit report. Fifteen percent of the score looks at how long your credit history reaches back and 10 percent figures in how many inquiries you've had on your credit history. Open Accounts With DiscretionKrejci said store credit cards are a good way to build a credit history, but don't go overboard.

Figuring out what you owe can be complicated, here is some information to understand what is taxable under Social Security. Social Security is taxable at three different levels, based upon how much other income you have and your income tax filing status. This is 50% of your household Social Security benefits plus all of your other taxable income, plus any tax-free income. These breakpoints are the same if your filing status is Married Filing Separately and the couple does not live together during the tax year. If your Provisional Income (defined above) is less than the first breakpoint based on your filing status, then none of your Social Security is taxable.

Many Americans are fascinated with the concept of the "million-dollar idea." Many of the big million-dollar (or billion-dollar) ideas of this generation are related to technology, from Apple and Microsoft to Google, from MySpace and YouTube to Facebook. Here's a small sampling of million-dollar ideas, past and present. Great Depression Basic: Spic and Span The problem with economic hard times is that even if an inventor comes up with a million-dollar idea, who's going to buy it? Ron Popeil wasn't a man with just one million-dollar idea.

By Kevin Hagen, Contributing writerIf you can't pay your taxes, you should file your return anyway to avoid a late filing penalty. If after preparing your tax return you find that you owe taxes and don't have the money to pay, you have some options. File Your Return When you can't pay your taxes, you should file your return anyway. If you don't, you will be charged a late filing penalty in addition to late payment penalties and interest. There is a fee for requesting an installment agreement, and late payment penalties and interest accrue on the balance.

The growing popularity of tax preparation software and websites has managed to cut down on many mistakes. But whether you are filing an e-form or a traditional paper form, mistakes are still all-too common. Keep that in mind as you try to avoid these five common tax mistakes ...No. That may explain why, according to the IRS, simple math mistakes are one of the most common missteps made on tax returns each year. 4: Screwing up personal informationIt's amazing how simply transposing a couple digits on your tax return can end up indefinitely delaying your tax return.

Managing credit cards wisely can drive up your credit score and save you a lot of money on loans and lines of credit. Credit Cards Show Good ManagementAnyone who hopes to qualify for a loan has to have a credit history, and that includes any money you've ever borrowed. The first step to managing your credit score is knowing what's in your credit report. Fifteen percent of the score looks at how long your credit history reaches back and 10 percent figures in how many inquiries you've had on your credit history. Open Accounts With DiscretionKrejci said store credit cards are a good way to build a credit history, but don't go overboard.