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Tax Relief in West Virginia

The BLS (Bureau of Labor Statistics) current population survey (CPS) shows that the rate of unemployment in the state of West Virginia was 0.3 percentage points higher in December than the national rate. However, the number of unemployed people in the state was 45,694. Current Employment Statistics survey (CES) reported that in West Virginia, while employment peaked in May 2014 at 783,200, since then 10,400 jobs have been lost.

The results of the Census ACS 1-year survey for the state show that the median household income value was $41,253 in 2013. This value is $383 (0.92%) lower than the income of the residents in the year 2007, despite significant increases in the cost of gas, food and other necessitates. Similarly, the trends for median family income show that the values in 2013 are $1,506 (2.84%) lower after they peaked at $53,102 in 2008. Even more worrying is the fact that when compared with the national values, the West Virginia median family income is $12,434 lower on average.

Personal property tax is collected by the counties i.e. the local government, as well. Studies show that less than 1 percent (only 0.42 percent in 2013) goes to the state government. The primary beneficiaries to which the lion's share of the property taxes goes to are the county boards of education.

This brief glance at the state's personal taxes and average income indicates that residents may be struggling financially. A number of West Virginian's are likely to owe back taxes and be strategies to assist with minimizing taxes and penalties. Whether you're newly in tax debt or receiving threatening letters and more, tax relief companies can assist.


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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

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