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Tax Relief in Louisiana

Louisiana MapWhen looking at how Louisiana ranks with respect to individual tax, the state tends to fare well. Louisiana’s personal income tax ranks 21st highest among the fifty states, with a top rate of 6%. The total average of state and local income taxes collected per capita, $527, puts the state in 12th lowest place nationwide. Additionally, with an average of $776 collected in property taxes per resident, Louisiana is 8th lowest among all fifty states.

Even when looking at federal income tax, Louisiana is below the national average. Residents typically pay approximately $9,701 yearly in federal income taxes, $2,000 less than the national average.

However, with the lowest median household income in the nation and one of the highest rates of decline in that household income - $39,622 and 19.75%, respectively - Louisiana faces significant challenges with respect to personal tax debt and delinquency. Any unexpected reduction in income - job loss, medical expenses, and so on - can result in residents finding themselves behind in meeting tax obligations. Understandably, if faced with choosing between feeding their families (or paying the mortgage/rent, or putting gas in the car to get to work) and putting money into savings to pay Uncle Sam, most people will choose to meet the immediate needs and hope for the best later. Of course, this more often than not results in delinquent tax bills. However, more individuals in Louisiana are availing themselves of one power strategy for addressing those challenges: tax relief.

Tax relief companies work with their clients to analyze their individual financial circumstances, and in many instances can help them to significantly reduce their tax debt. An expert tax relief company has access to a wide variety of tools that can be used in their clients’ benefit: installment agreements, investigation of tax levies and liens, and audit representation and reconsideration, to name a few.

 

Developers rushing to Opportunity Zones for tax break, but is it helping Louisiana's low-income areas

A new federal program pitched as a way to aid low-income communities is ramping up across Louisiana, but after a political scramble to make various struggling areas eligible for the tax break, it's in...

Published:  Mon, 11 Feb 2019 03:58:00 GMT



Analysis: Louisiana leaders divided on industrial tax break

BATON ROUGE, La. (AP) - More than two years have passed since Gov. John Bel Edwards rewrote the rules governing a decades-old industrial tax break, and business community furor seems to have reached a ...

Published:  Sun, 03 Feb 2019 15:07:00 GMT



Will backlash against Amazon's NYC tax breaks kill other deals

The Amazon deal in New York wasn't the only one that fell through recently. A small school board in Baton Rouge, Louisiana, recently turned down a $2.9 million tax break for Exxon Mobil, citing the bu...

Published:  Sun, 17 Feb 2019 04:44:00 GMT



Entergy sponsors free tax preparation for qualifying La. residents

BATON ROUGE, La. - Need help filing your taxes Qualified Louisiana residents can receive free tax preparation help at Volunteer Income Tax Assistance sites located throughout the state.

Published:  Mon, 04 Feb 2019 11:51:00 GMT



VITA to host additional tax filing days

This material may not be published, broadcast, rewritten, or redistributed. LAFAYETTE (LA) (KLFY) - United Way of Acadiana's Volunteer Income Tax Assistance (VITA) Program has been hosting Tax Super d...

Published:  Sat, 16 Feb 2019 13:39:00 GMT



Qualifying La. families could have taxes prepared for free on Super Tax Day

BATON ROUGE, LA (WAFB) - Entergy is teaming up with Capital Area United Way for an event called Super Tax Day, in which qualifying Louisiana residents can have their taxes prepared for free. Several S...

Published:  Fri, 08 Feb 2019 08:50:00 GMT



Louisiana Lawmaker Pushing For Changes To Industrial Tax Exemption Program

The Industrial Tax Exemption Program, or ITEP, is the most expensive tax incentive program Louisiana offers to manufacturers. In exchange for spurring economic development, manufacturing companies can ...

Published:  Wed, 06 Feb 2019 10:28:00 GMT



Governing bodies to discuss property tax exemption, City Hall renovations

Topeka City Hall renovations and a proposed Shawnee County property tax exemption are among topics local governing ... consisting of the nine city council members and Mayor Michelle De La Isla, plans ...

Published:  Sat, 16 Feb 2019 16:27:00 GMT



Tax burden on business sector a threat to Louisiana business and industry, LABI head tells Press Club

BATON ROUGE - The denial of tax exemptions to industries through the Industrial Tax Exemption Program could bring far-reaching adverse effects to the local, parish and state government, according to t...

Published:  Mon, 04 Feb 2019 13:50:00 GMT



Louisiana tax commission administrator resigns after accusations of payroll fraud

The Louisiana Tax Commission's top administrator has resigned in the wake of his arrest last month on accusations that he collected pay for hundreds of hours he actually spent playing golf, shopping, ...

Published:  Mon, 11 Feb 2019 08:46:00 GMT



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