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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

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

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