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Nearly 21 million people in the U.S. have already received their federal tax refunds, but North Carolina residents are still waiting on money from the state. That’s because the state just ...
For example, if you deducted $1,500 in state taxes last year, but your state refund this year was $2,000, you only need to report a tax refund of $500 on your federal income tax return.
Residents of the following states who received a state tax refund and either claimed a standard deduction or itemized deductions but didn’t receive a tax benefit — because of the $10,000 ...
In such circumstances, retailers will do a “price adjustment,” refunding the difference between the price the customer paid and the price now available. For example, if a customer buys a TV for $ 300, and it drops in price by $100, they can go back to the retailer to ask for a price adjustment and get the difference returned to them, often ...
North Carolina has a state-levied sales tax of 4.75%, effective July 1, 2011, with most counties adding a 2% tax, for a total tax of 6.75% in 51 of the 100 counties. Mecklenburg and Wake counties levy an additional 0.5% tax, which is directed towards funding the light rail system, for a total of 7.25% and the total sales tax in 45 other ...
It collects state taxes and administers tax legislation. It also researches taxation and supervises property assessing in the state. [6] It is led by the Secretary of Revenue. Appointed by the governor, the secretary is an ex officio member of the State Tax Review Board and the North Carolina Local Government Commission.