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Tax Relief in South Dakota

The residents of South Dakota are in a better position when it comes to personal taxes, as compared to the rest of the country. South Dakota does not levy an individual State tax and it is one of the only seven states to do so. Personal and property taxes, together, are the local taxes which fund governmental units, including schools systems and the municipalities of South Dakota. Both types of taxes are not collected or used by South Dakota's revenue department, however, the department does assess the property of large companies.

Falling prey to a decrease in the median household income, along with the rest of the country, the figures reached a value of $48,947 in 2013 (latest figures available). This drop was from $49,064 the year before that. Looking at these figures, it is understandable that some South Dakotans may be experiencing financial issues such as tax debt. Compounding the issue are the factors such as unemployment, low minimum wages, and recessions, and several may be searching for tax relief programs in their State.

The past few years have seen an exponential growth in the industry of tax debt relief to help individuals and families. The multitude of companies joining this race is only increasing. The reason for this is that tax relief companies employ various strategies to help their clients with their tax debts. Among the tools used are negotiated penalty abatement, audit representation and reconsideration, and tax return amendment and review. Owing the IRS and other state tax authorities is not only stressful but may eventually lead to seizure of your assets and bank accounts. Residents that have fallen into tax delinquency and debt can avail themselves of the services of such companies. These firms will help them minimize or eliminate their debt in a limited amount of time, in lieu of shelling out cash year after year to the tax authorities.


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Tax Relief In The News

Hurricane relief, Delta tax break clear General Assembly

The Georgia Senate signed off Saturday on Hurricane Michael relief and a sales tax exemption on jet fuel, putting the wraps on a five-day special session of the General Assembly. Senators voted 43-9 t...

Published:  Sat, 17 Nov 2018 08:03:00 GMT

As Cuomo lauds Amazon deal, where's tax relief for the rest of NY (Editorial)

New York was always the odds-on favorite to win the national competition for Amazon's East Coast headquarters. The Big Apple has the nation's largest tech work force, and "the biggest factor driving o...

Published:  Sun, 18 Nov 2018 03:42:00 GMT

Letter, 11/18: Use resources to seek property tax relief

The prevailing political issue in this state is addressing high property tax rates, particularly in rural areas. Year in and year out, overburdened Nebraska taxpayers look to politicians for ...

Published:  Sat, 17 Nov 2018 20:55:00 GMT

Georgia lawmakers approve two hurricane relief bills and an airline tax break

ATLANTA (AP)-- Georgia lawmakers ended their special legislative session Saturday with the state Senate giving final approval to $470 million in emergency aid and tax incentives victims of Hurricane M...

Published:  Sun, 18 Nov 2018 07:34:00 GMT

Georgia Senate gives final approval to storm relief, airline tax bills

Less than nine months after state lawmakers shelved a tax break for airlines like Delta when the company snubbed the National Rifle Association, all was forgiven Saturday. Breaking marketing ties with ...

Published:  Sat, 17 Nov 2018 08:59:00 GMT

What's inevitable in an election year - taxes or tax relief

What's an elected official to do, in an election year, when there's a possibility that sitting on his or her hands could mean an additional $1.2 billion to spend Here's a hint from Senate Majority Le...

Published:  Thu, 15 Nov 2018 15:25:00 GMT

Baker OKs tax relief for disabled

WESTFORD -- Disabled residents in town will soon be able to access new property tax exemptions up to $2,000 after a law approving the local change was formally signed by Gov. Charlie Baker. Efforts to ...

Published:  Fri, 16 Nov 2018 02:35:00 GMT

Senators Introduce Tax Relief Bill for Wildfire, Hurricane Victims

Washington November 16, 2018 - Senators Dianne Feinstein and Kamala Harris (both D-Calif.) joined with Senators Richard Burr (R-N.C.), Thom Tillis (R-N.C.), Lindsey Graham (R-S.C.), Tim Scott ...

Published:  Fri, 16 Nov 2018 09:16:00 GMT

Why San Francisco's big business tax for homeless relief succeeded after Seattle's crumbled

Two tech hubs, two crises of homelessness, two taxes on big business, two very different outcomes. San Francisco voters on Tuesday approved a new tax on the city's top-grossing companies to double the ...

Published:  Wed, 07 Nov 2018 08:29:00 GMT

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