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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

Low-income Detroiters can apply for tax relief, foreclosure prevention

DETROIT, MI - Detroit is taking steps to ensure more low-income homeowners can stay in their homes by inviting them to apply for tax relief and allowing people to buy back houses in foreclosure. As of ...

Published:  Tue, 10 Jul 2018 18:54:00 GMT



Tax relief for severe storms and flooding victims

Texas - Victims of severe storms and flooding that began on June 19, 2018 in parts of Texas may qualify for tax relief from the Internal Revenue Service. The President has declared that a major disast...

Published:  Tue, 10 Jul 2018 00:09:00 GMT



Ford government pledges tax relief in throne speech

Ontario's new Progressive Conservative government says it will take action to reduce gas prices and hydro bills, while providing tax relief to families and small businesses. In his government's first ...

Published:  Thu, 12 Jul 2018 12:56:00 GMT



Vaughn Palmer: Public payroll tax relief tilts James' promise for level playing field

VICTORIA - After weeks of speculation, Finance Minister Carole James this week announced relief from the new payroll tax for public service providers like schools and hospitals as well as many chariti...

Published:  Fri, 06 Jul 2018 18:07:00 GMT



Understanding Social Investment Tax Relief and how to make it work

Social Investment Tax Relief (SITR) was designed to increase the access to reasonably-priced investment capital by a range of eligible organisations which were struggling with established channels. It ...

Published:  Wed, 11 Jul 2018 17:56:00 GMT



Tax relief, business loans available for local flood victims

The U.S. Small Business Administration and the IRS both announced Tuesday that they are joining efforts to help local victims of the June flooding recover from the disaster. The U.S. Small Business Ad...

Published:  Tue, 10 Jul 2018 20:38:00 GMT



Homeowners with Irma damage can possibly receive tax relief

Almost a year after Hurricane Irma struck, residents in Timberwood Village in South Fort Myers are still picking up the pieces. Homeowners like Alfred and Suanne Gotsche say they're out thousands of d...

Published:  Wed, 11 Jul 2018 17:42:00 GMT



Will online sales tax fund property tax relief

Like ants at a picnic, people with ideas are drawn by an estimated $30 million to $40 million per year increase in sales tax. This comes in the aftermath of a U.S. Supreme Court ruling clearing the pa...

Published:  Wed, 11 Jul 2018 08:34:00 GMT



County Board Adopts Changes to Real Estate Tax Relief Program

Board accepts Manager's recommendations Changes based on Working Group recommendations Extends application deadline, increases exemption asset limit The Arlington County Board today voted unanimously ...

Published:  Sat, 14 Jul 2018 11:12:00 GMT




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