Connect with us

Massachusetts

Tax season arrives with free filing program for some MA residents

Published

on

Tax season arrives with free filing program for some MA residents


Tax season has arrived- and while a majority of U.S. taxpayers feel they pay too much in taxes, select residents in certain states, including Massachusetts, will benefit from a new, free way to file directly with the Internal Revenue Service.

A poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research polled more than 1,000 adults in mid-December. What they found was that almost 70% of taxpayers feel their local property taxes are too steep and 6 out of 10 feel they pay too much in state sales tax.

The poll also showed that about a quarter of taxpayers believe they receive a good value from paying either a federal income, state sales or local property tax, with about 33% saying it is a poor value in each case. Results showed that just 20% of surveyed taxpayers are “extremely” educated on how taxes are calculated, and most U.S. adults feel either their federal income or local property tax is “unfair.”

Trust in how tax dollars are spent by either the federal government or local school districts is an issue among U.S. adults, according to the survey. Around 16% of polled taxpayers express strong confidence in their local school districts, just 6% share the same sentiment towards the federal government.

Advertisement

Some taxpayers in a dozen states, including Massachusetts and New Hampshire, will be able to use a new and free tax filing service launched by the IRS called Direct File. The program, announced in October, will be rolled out in phases and is expected to be more widely available in mid-March.

Eligible taxpayers can file if they report a W-2 wage income, an SSA-1099 Social Security and RRB-1099 railroad retirement income, a 1099-G unemployment compensation a 1099-INT interest income of $1,500 or less, earned income tax credit, child tax credit, credit for other dependents, standard deduction, student loan interest or educator expenses.

The pilot is not an option for taxpayers with other types of incomes including business or gig economy income, or those who itemize deductions and claim other credits.

Massachusetts U.S. Sen. Elizabeth Warren had advocated for a way to electronically file taxes for free and lauded the Biden Administration for launching the pilot.

“We look forward to supporting the IRS’s efforts to develop and expand the Direct File pilot, setting us on a path where millions of Americans will no longer have to worry about giant tax prep companies sharing their private data with Big Tech firms and ripping them off for services that should be free,” Warren said in October.

Advertisement

“As our transformation efforts take hold, taxpayers will continue to see marked improvement in IRS operations in the upcoming filing season,” IRS Commissioner Danny Werfel said in a statement earlier this month.

IRS officials said they are anticipating more than 128.7 million individual tax returns to be filed by the April 15 deadline. Massachusetts and Maine have an April 17 deadline to file a return or request an extension with October 15 being the deadline for extension filers.



Source link

Massachusetts

How will the Iran war impact gas prices in Massachusetts?

Published

on

How will the Iran war impact gas prices in Massachusetts?


With a widening conflict in the Middle East after the American and Israeli attack on Iran Saturday, global markets are bracing for a shakeup in the energy supply chain.

So, here at home, what can consumers expect at the gas pump?

An increase in oil prices is almost always followed by an increase in gas prices. And the oil market has already reacted to the war. NBC News reported on Sunday that U.S. crude oil initially spiked more than 10%, while Brent, the international oil benchmark, rose as much as 13%.

Early Monday morning, reports were coming in of black smoke rising from the U.S. embassy in Kuwait City.

Advertisement

While Iran’s oil reserves supply less than an estimated 5% of global production, the main concern is the Strait of Hormuz. This maritime passageway borders Iran at the bottleneck of the Persian Gulf, and more than 20% of the world’s oil passes through. If Iran closes or restricts Hormuz, the oil market could face severe disruptions.

Gas prices rise about 2.5 cents for every dollar increase in crude oil prices. As of Sunday, U.S. crude oil prices had already increased by nearly $5 a barrel.

“I fully expect that by Monday night, you could credibly say that gas prices are being impacted by oil prices having gone up,” GasBuddy analyst Patrick De Haan told NBC News.

GasBuddy characterizes their expectations for price increases as “incremental” rather than “explosive”. The group said to anticipate a potential 10-15 cent increase over the next couple of weeks.

Advertisement



Source link

Continue Reading

Massachusetts

Body camera video shows Massachusetts police officer save 78-year-old man from burning truck – East Idaho News

Published

on

Body camera video shows Massachusetts police officer save 78-year-old man from burning truck – East Idaho News


EASTON, Mass. (WBZ) — Police body camera video shows an Easton, Massachusetts, officer rescuing a 78-year-old Raynham man from a burning car on Friday morning.

A Mack dump truck was experiencing problems on the side of Turnpike Street just after 2 a.m. when a Ford pickup truck struck the back of it, according to police.

The pickup truck then became stuck under the dump truck, trapping the driver, Francis Leverone, inside. A Toyota Camry then hit the back of the pickup truck and caught fire, police said.

Easton police officer Dean Soucie arrived at the crash and saw that the two vehicles were on fire. Video shows Soucie rushing over before breaking the driver’s side window and then, with the help of the two witnesses, freeing Leverone from the pickup truck. Soucie said he was confused but conscious.

Advertisement

“As I reached inside the vehicle, one of the passersby — he actually jumped into the cab of the truck, and he helped me free the individual,” Soucie said.

They then carried the driver to safety.

Leverone was taken to a nearby hospital before being transferred to a Boston hospital. He received serious but non-life-threatening injuries.

No one else was injured in the crash.

Dee Leverone told WBZ her husband is doing OK. “I’m just thankful for the people that got him out,” she said. “Very thankful.”

Advertisement

After watching the police body-cam video on the news she said, “I was shocked, I was like ‘Oh my God!’ I just couldn’t believe it. His truck is like melted.”

She says she realized that something was wrong last night when her husband never made it home from work.

“I kept trying to call him and call him, and I finally got a hold of him at like 4:30 a.m., and he was at (Good Samaritan Hospital) and he told me he’s gotten in an accident,” Dee said.

She says he’s recovering at the Boston Medical Center and being treated for a dislocated hip.

“He’s a trooper,” Dee said. “He’s a strong man — and you know he’s 78, but you know he’s a toughie. He definitely is a toughie.”

Advertisement

Soucie commended the help of the two witnesses and said that before he arrived at the crash, they had attempted to put out the flames with a fire extinguisher and removed a gasoline tank from the pickup truck before it could ignite.

“They jumped into action like it was nothing,” Soucie said. “Those two individuals were absolutely awesome.”

Easton Police Chief Keith Boone said that he is “extremely proud” of Soucie and the witnesses.

“He saved a life last night,” Chief Boone said. “He is an exemplary police officer and this is just one example. I think he’s a hero.”

Turnpike Street was closed for several hours following the crash. Easton Police are investigating.

Advertisement

=htmlentities(get_the_title())?>%0D%0A%0D%0A=get_permalink()?>%0D%0A%0D%0A=htmlentities(‘For more stories like this one, be sure to visit https://www.eastidahonews.com/ for all of the latest news, community events and more.’)?>&subject=Check%20out%20this%20story%20from%20EastIdahoNews” class=”fa-stack jDialog”>





Source link

Continue Reading

Massachusetts

Crews battle fire at Townsend home

Published

on

Crews battle fire at Townsend home


A fire broke out Sunday morning in Townsend, Massachusetts.

The Townsend Fire department said shortly before 7 a.m. that firefighters were on scene for a structure fire on Dudley Road.

People have been asked to avoid the area.

The Massachusetts Department of Fire Services said state police fire investigators assigned to the state fire marshal’s office are responding to assist the Townsend Fire Department.

Advertisement

There was no immediate word on any injuries, or any information on what caused the fire. It’s also unclear if the large snow piles in the area impeded access to fire hydrants, as was the case at the house explosion in Taunton last week.

This developing story will be updated when we learn more



Source link

Advertisement
Continue Reading

Trending