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Tax Relief in Louisiana

When looking at how Louisiana ranks with respect to individual tax, the state tends to fare well. Louisiana's personal income tax ranks 21st highest among the fifty states, with a top rate of 6%. The total average of state and local income taxes collected per capita, $527, puts the state in 12th lowest place nationwide. Additionally, with an average of $776 collected in property taxes per resident, Louisiana is 8th lowest among all fifty states.

Even when looking at federal income tax, Louisiana is below the national average. Residents typically pay approximately $9,701 yearly in federal income taxes, $2,000 less than the national average.

However, with the lowest median household income in the nation and one of the highest rates of decline in that household income - $39,622 and 19.75%, respectively - Louisiana faces significant challenges with respect to personal tax debt and delinquency. Any unexpected reduction in income - job loss, medical expenses, and so on - can result in residents finding themselves behind in meeting tax obligations. Understandably, if faced with choosing between feeding their families (or paying the mortgage/rent, or putting gas in the car to get to work) and putting money into savings to pay Uncle Sam, most people will choose to meet the immediate needs and hope for the best later. Of course, this more often than not results in delinquent tax bills. However, more individuals in Louisiana are availing themselves of one power strategy for addressing those challenges: tax relief.

Tax relief companies work with their clients to analyze their individual financial circumstances, and in many instances can help them to significantly reduce their tax debt. An expert tax relief company has access to a wide variety of tools that can be used in their clients' benefit: installment agreements, investigation of tax levies and liens, and audit representation and reconsideration, to name a few.

 

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Tax Relief In The News

Top Democrat: We need property tax relief, Gov. Murphy. Restore homestead rebates

New Jersey is known for many things - our beautiful shore, our great history, Bruce Springsteen - but it's also known for something much less attractive: having the highest property taxes in the nation. New Jersey's residential property taxes set a new ...

Published:  Mon, 21 May 2018 08:44:00 GMT



Alcohol industry pushes lawmakers to uncork excise tax relief

The alcohol industry is pressing Congress to make permanent the excise tax relief it received under the Republican tax law. The measure President Trump Donald John Trump Oregon governor to face state rep in November Ashford, Eastman neck and neck in ...

Published:  Wed, 16 May 2018 03:00:10 GMT



Tax Relief Associates Offers Back Tax Help

A notice and demand is mailed to the taxpayer, and when the demand for payment is not satisfied, the IRS sends the balance due account to a revenue officer in the field; The revenue officer pursues administrative levies, seizures, or judicial collection ...

Published:  Tue, 15 May 2018 10:52:00 GMT



Now: Pensions renews tax relief top-up

Workplace pension provider Now: Pension will be topping up pension pots of non-taxpayer members, to make up for the income tax relief shortfall, for the 2017 to 2018 and 2018 to 2019 tax years. Currently, as many as 300,000 low paid earners are being ...

Published:  Tue, 15 May 2018 03:33:00 GMT



IRS offering tax relief for Greensboro, Guilford County residents affected by tornado

GREENSBORO - The Internal Revenue Service has announced tax relief for those in Greensboro and Guilford County affected by the April 15 tornado. The move comes as a result of President Trump approving a disaster declaration Tuesday for those areas ...

Published:  Fri, 11 May 2018 12:35:00 GMT



Yes on Prop. 72 for water and tax relief

Proposition 72 is a rare, commonsense tax relief proposal coming out of Sacramento. As such, we recommend voters approve it. Currently, homeowners who install rainwater capture systems in their yards face higher property tax bills, which effectively ...

Published:  Tue, 08 May 2018 13:30:00 GMT



Why we will never find out the details of budget tax relief: government says their data would be 'unreliable'

Treasurer Scott Morrison has refused to provide yearly budget costings on tax relief plans because the Treasury data is 'not reliable'. The Coalition and Labor are locked in a battle over tax since Tuesday night's budget. The Government is promising $ ...

Published:  Sun, 13 May 2018 06:43:00 GMT



Property tax relief for divorcees, Alzheimer's patients

Parents of special needs children, persons suffering from Alzheimer's and divorcees may be able to benefit from relief from property tax, if they can show an inability to pay. So said Minister in the Ministry of Finance Allyson West as she responded to ...

Published:  Fri, 11 May 2018 19:55:00 GMT



Tax Relief Associates provides an insight into one of the IRS tax relief programs

SAN DIEGO, May 15, 2018 (GLOBE NEWSWIRE) -- When couples file a joint tax return, each individual is liable for an equal payment of all taxes including penalties and interest for that given year. In the case of divorce or a divorce decree stating that one ...

Published:  Tue, 15 May 2018 15:58:00 GMT




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