NC Income Tax

NC 529 Plan Income Tax Deduction Continues

Posted on: June 30th, 2011
The North Carolina General Assembly recently passed legislation that preserves the deduction on NC 529 College Savings Plan contributions for all North Carolina taxpayers, regardless of income. ...

NC 2011 Tax Return Due Date April 18

Posted on: February 2nd, 2011
From the North Carolina Department of Revenue: Taxpayers across the nation will have until April 18, 2011, to file 2010 federal returns, extensions, and payments that ordinarily would be due April 15, 2011. The extra time is provided because April 15 falls on Emancipation day, a legal holiday in the District of Columbia....

NC Democrats Agree on Tax Increases

Posted on: July 23rd, 2009
Democrats in the North Carolina House and Senate reached a compromise on tax increases yesterday. Briefly, the proposal would: Increase income taxes by 2% Increase sales tax by 1% (to 7.75% in most counties)...

Governor Perdue’s Tax Proposal

Posted on: July 8th, 2009
Yesterday North Carolina Governor Beverly Perdue revealed her proposed tax plan, which is designed to raise $1.6 billion in taxes. Here are some of the highlights:...

Text of N.C. Senate Bill 202 – Tax Increases!

Posted on: June 24th, 2009
Senate Bill 202, among other things, contains many tax increases for us in the Tar Heel state, to wit: Increase top income tax brackets to 8.25% and 8.5% (currently 7.75%)...

NC Gift Tax Repealed After All

Posted on: July 17th, 2008
In what comes as a surprise to me, based on the last news as reported in my postings in the last week or so, yesterday Governor Easley signed HB2436, which includes (page 201)...
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