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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

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

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

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

Low earners to miss out on £78m in tax relief

Low earners will miss out on up to £78m in tax relief in 2019/20, according to analysis from workplace pension provider Now: Pensions. This is because the net pay anomaly, which already means those wi...

Published:  Mon, 19 Nov 2018 07:40:00 GMT

Fund review | Aditya Birla Sun Life Tax Relief 96: Ideal ELSS for tax saving and wealth creation

While income tax saving is top priority among people while planning their finances, it is also important to understand that investments made for saving tax help to build wealth and achieve long-term g...

Published:  Sun, 18 Nov 2018 23:47:00 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 07:33:00 GMT

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

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

Video game developers missing "millions' in tax relief

The accountancy firm said just 357 video games were certified as British in the year 2017-18, allowing them to qualify for major tax reliefs, despite the UK being home to around 2,260 games developers ...

Published:  Sun, 18 Nov 2018 21:44:37 GMT

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