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Tax Relief in Rhode Island

Even though Rhode Island is the smallest state in the country, it doesn't mean that there are no economic opportunities available in the area. In fact, there are many large employers in the state that offer good salaries to the workers. But, many people are still running into financial problems, especially with tax debt.

Tax debt can be a burden for Rhode Island residents, because the tax rates are much higher in this small state compared with the surrounding states. At one point, the state had one of the highest income taxes in the nation, putting a lot of residents under pressure to come up with the money that was needed to pay their bills. In addition to the high state taxes, the residents also have to deal with federal taxes at the same time.

If you want to find financial freedom, then you need to make sure that you are working with a debt relief company who can help you navigate the confusing world of tax laws. Some people think it's better to handle their tax debt on their own, and they find themselves in frustrating situations where their money is being garnished from their paychecks or some of their assets have been seized.

Don't make common tax payment mistakes and create a bigger mess that you will have to deal with in the future. A better option is to talk with a tax relief company that are familiar with the laws specific to Rhode Island. In fact, a good tax relief company will be able to negotiate the tax payments for you, so that you can quickly get in control of your finances once again. These tax companies have many more options available for them to use, and these tools are only available by working with a professional who can guide you in the right direction.

 

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Tax Relief In The News

Homeowners can now enjoy 15pc tax relief

The tax relief at 15 per cent of gross emoluments will be extended to Kenyans aspiring to buy homes under the scheme, but will not exceed Sh108,000 per year. The amendment to the Income Tax Act, signe...

Published:  Wed, 18 Jul 2018 14:58:00 GMT



Uhuru signs law on tax relief for low-cost housing beneficiaries

President Uhuru Kenyatta yesterday signed into law a Bill creating a 15 per cent tax relief for Kenyans buying houses under the Affordable Housing Scheme. The President signed an amendment to the Inco...

Published:  Wed, 18 Jul 2018 14:28:00 GMT



David Watt: Claiming tax relief for museums and galleries need not be too taxing

In the context of ongoing uncertainty around cultural funding, the launch of a tax relief for museums and galleries is welcome news. A tax relief will never replace funding, and specifications and lim...

Published:  Mon, 16 Jul 2018 22:17:00 GMT



Beneficiaries of affordable housing scheme to get 15pc tax relief

President Kenyatta approved amendments to VAT Act to effect zero rating of ordinary bread, copra, linseeds and mustard seeds President Uhuru Kenyatta has signed into law a Bill creating a 15 percent t...

Published:  Wed, 18 Jul 2018 06:49:00 GMT



7th Pay Commission: How to claim tax relief for arrears

New Delhi, July 17: With the 7th Pay Commission recommendations being implemented, government employees are paid arrears of salaries and allowances with a retrospective effect. For the financial year ...

Published:  Tue, 17 Jul 2018 00:18:00 GMT




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