taxes

DANIEL VARELA DVARELA@MIAMIHERALD.COM

The pull of sunshine, designer living and lower taxes are attracting more home buyers to South Florida's high-end real estate market.

And Michael Goldstein, President of the Acqualina Brand, says the buyers are coming from one place in particular.

“Sixty-five percent of my buyers are coming from the northeast,” Goldstein says. "Most of the buyers that are coming in, they are not buying my small units, they are buying combination units, penthouses, single-family homes.”

Los Angeles' city attorney is suing tax-preparation software companies H&R Block and TurboTax-maker Intuit, alleging that they "defrauded the lowest earning 70 percent of American taxpayers" by impeding public access to an IRS program. The IRS Free File program is intended to help people who make less than $66,000 a year file their taxes free using commercial services.

Senate Cool To Tax Changes For Hospitals, Charter Schools

May 2, 2019

The Florida Senate could eliminate controversial proposals about charter schools and hospitals from a tax package that was approved last week by the House. 

Ryan Dailey / WFSU

Sen. Manny Diaz Jr., who represents Hialeah and is chairman of the Senate Education committee, says South Florida charter schools shouldn’t be excluded from money generated by voter-approved property tax hikes.

“Those referendum that say they’re going to be used for public school teachers should go to all public school teachers, not only union school teachers,” Diaz told WLRN Thursday.

Jessica Bakeman / WLRN

The speaker of the Florida House is stepping in to help charter school teachers get a share of the revenue from Miami-Dade County’s recently approved property-tax increase.

Republican House Speaker Jose Oliva, of Miami, accused the leaders of Miami-Dade County Public Schools of “deception,” writing in a letter Friday that “an illusion was created that the additional taxes would be used to benefit all schools.”

Updated at 11:33 a.m. ET

The U.S. economy expanded at a solid 2.6 percent rate during the last three months of 2018, but growth was significantly lower than it had been earlier in the year, the government said Thursday.

For 2018 as a whole, the economy grew 2.9 percent, a touch below the Trump administration's projected target of 3 percent.

Updated at 4:39 p.m. ET

President Trump promised that his tax changes, passed in 2017, would give most Americans a tax cut.

However, as the first federal returns for 2018 come in, some taxpayers are discovering an unpleasant surprise: Their refunds are smaller than expected. In fact, as of Feb. 1, the average refund is down by about 8 percent from the same time last year, according to the IRS.

One of the agencies affected by the partial government shutdown — now in its third week — is the Internal Revenue Service. While many taxpayers may not feel this is a great loss, they'll still have to pay their taxes — and the shutdown has created a good deal of uncertainty for everyone planning to file their tax returns in the coming months.

But fear not, the White House says; tax refund checks will be sent out, even though the IRS, part of the Treasury Department, is for the most part closed.

New changes to tax law will make deducting charitable giving from next year's taxes more difficult for taxpayers. This has come as an unwelcome surprise to many who counted on end-of-the-year donations to lower their overall taxes and to charities that counted on those donations.

For the past 30 years, Pam Green of Elkhart, Ind., has kept meticulous records and receipts of her donations — from clothing to Goodwill to furniture for Habitat For Humanity to large December donations to her favorite churches.

Emily Michot / Miami Herald

A lobbying group that represents charter schools in Florida wants its members' teachers in Miami-Dade County to get pay raises with some of the money that will be generated from a new tax increase approved by voters last month.

Creative Commons

After failing to get the idea passed during the 2018 legislative session, Sen. Lauren Book, D-Plantation, will again try to convince lawmakers to approve a sales-tax exemption for diapers and incontinence products.

Taxing soda is an increasingly popular approach to raising revenue while combating obesity, which affects 40 percent of American adults. But the sweetened-beverage industry is not about to go away quietly.

Ahead of the U.S. midterm elections, the soda industry poured millions of dollars into fighting taxes on sugary drinks. In recent years, it has been largely successful in shutting down new taxes, except in a handful of major cities.

screenshot: Pennyfortransportation.com / Broward County

If you are an average commuter in Broward County, it takes you a little less than half an hour to get to work. Or it may take you almost an hour. The difference is how you get to work.

The usual trip to work in Broward has been steady over the past several years -- running about 27 minutes according to data from the Census Bureau. But if you ride public transit in Broward County the average commute has climbed from 48 minutes in 2009 to 53 minutes in 2016.

More Americans will be writing a check to the IRS in April because their employers are not withholding enough from their paychecks following the new tax law, the Government Accountability Office says in a new report.

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