Gov. John Kasich has long said Ohio needs to be competitive when it comes to taxes – it’s his argument for lowering and eventually eliminating the state income tax. With both tax cuts and tax increases in it, along with the expansion of Medicaid, Kasich’s second budget has generated both praise and controversy.
Neil Clark was the chief financial officer for the Ohio Senate Republican Caucus in the 80s, and is an expert on budgets and taxes. He doesn’t have much love for the plan to levy sales taxes on services where there were no sales taxes before.
January 30th was the start of tax season for many Americans, and IRS officials reminding tax-payers about credits and deductions to be aware of this season. For WYSO, Jerry Kenney reports.
Jennifer Jenkins with the IRS says several tax deductions got a two year extension during the latest so-called fiscal cliff deal. Among those getting a two year extension are the State and local sales tax itemized deduction for Schedule A [Form 1040] filers, and a Teacher-Educator Expense deduction.