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Understanding grant money’s tax implications is crucial for individuals and businesses. While personal grants are typically non-taxable when used for their intended purposes, business grants ...
The standard deductions for the 2023 tax year are $13,850 for individual filers and those married but filing separately. ... a nonprofit news network supported by grants and a coalition of donors ...
We have a once-in-a-decade opportunity before us to help 232,000 Oklahoma children under 17, who are living near or below the poverty line. These children across our state are struggling, and ...
The VITA tax returns are prepared by IRS tax law certified volunteers. The volunteers are taught how to use tax software and specific tax law each year. They must pass a tax law exam to receive basic or advanced certification. The passing score is 80%. Certificates expire at the end of the tax year and must be renewed.
The program works through individual grants, each of which covers a restricted geographic area and provide services to approximately 50 to 100 students annually. Upward Bound alumni include Democratic Political Strategist Donna Brazile, Academy Award Winner Viola Davis , ABC News Correspondent John Quiñones and former NBA player Patrick Ewing .
Taxes based on income are imposed at the State level, both on individuals and corporations. Oklahoma first enacted an individual income tax in 1915 and then a corporate income tax in 1931. Income taxes are steadily increased as a major State revenue source since 1933 when the Oklahoma Constitution was amended to prohibit State-level taxation of ...