Give to the causes you care about and potentially lower your tax bill in the process. Charitable giving can be a meaningful way to support the causes and communities you care about. As you think ahead to your 2026 donations, it’s important to know about the new federal rules that change how philanthropic gifts can be deducted on your tax bill. …
CITY OF NEW ORLEANS ALL SALES TAX PENALTIES WAIVED! Take advantage of this opportunity to receive a 100% waiver of penalties and a 50% reduction in interest charged on all unpaid sales taxes. October 1, 2026 – December 31, 2026 What is the AMNESTY SALES TAX PROGRAM? New Orleans Amnesty Sales Tax Program is your opportunity to settle your delinquent …
Year-end planning for 2019 takes place against the backdrop of recent major changes in the rules for individuals and businesses. For individuals, these changes include lower income tax rates, a boosted standard deduction, severely limited itemized deductions, no personal exemptions and increased child tax credit. For businesses, the corporate tax rate has been reduced to 21%, there are limits on …
Walmart.com has only about $140,000 directly at stake in a tax fight with a Louisiana parish. But the company’s court challenge to that amount may have ramifications for other online marketplace providers and for Walmart’s operations elsewhere in the state and nationwide. The case has to do with Walmart.com’s role as facilitator of third-party sales. Jefferson Parish, which is allowed …
Three candidates for governor in Louisiana were disqualified after failing to file their income tax returns. A spokesman for the Secretary of State’s Office confirmed the news to WAFB and released copies of documents indicating the candidates were Democrat M.V. “Vinny” Mendoza, and Republicans Patrick J. Doguet and Manuel Russell Leach. A report from The Advocate newspaper says the …
Many New Orleans residents, faced by recent property assessments announcing skyrocketing property taxes for their neighborhoods, have until August 22 to file appeals for relief. A July 26 article by The-Times Picayune/The New Orleans Advocate’s Jeff Adelson cited data from the Orleans Parish Assessor’s Office on the increases. Approximately 26,000 properties are in neighborhoods where the average sale price rose …
Here are 4 tips from the Louisiana Department of Revenue: 1. Keep documents secure Place paper documents in airtight containers and place up high. Scan important records such as tax returns, payroll records and insurance documents 2. Use paperless media and cloud storage Save electronic records to flash drive or upload to cloud storage 3. Document valuables and business equipment …
Putting together the software necessary to collect taxes on internet sales is taking longer than expected, so legislation sitting on the governor’s desk would extend by a year the drop-dead date for the state commission to gather the exact local taxes from out-of-state retailers. Right now, the Louisiana Department of Revenue is collecting 8.45% taxes on sales of goods by …
While the Tax Cuts and Jobs Act reduced the federal corporate income tax rate from 35% to 21%, most U.S. states—including Louisiana—also tax corporate income, with the average combined rate being 25.9%, according to the Tax Foundation. The combined federal and state corporate tax rate for Louisiana is 26%—the 27th highest rate in the nation. The state’s rates are comparable …
House bill calls for dedicating state sports betting revenue to early childhood education Louisiana lawmakers took a first step regarding legal sports betting on Tuesday when the House Ways and Means Committee considered how to it, as well as taxation for fantasy sports contests and medical marijuana. State Senator Danny Martiny (R-District 10) filed a bill ahead of the session …
