NORTH CAROLINA —- The Social Security Administration announced that new federal legislation will eliminate income taxes on Social Security benefits for approximately 90% of recipients, marking a significant change in how retirement benefits are taxed. Details of the Tax Relief Package The legislation, known as the One Big, Beautiful Bill, removes the federal income tax…… read more »
Today, the North Carolina Department of Revenue officially opened the 2023 individual income tax season and began downloading 2022 returns. Taxpayers who file state returns electronically will now receive acknowledgements. Even as the NCDOR begins accepting returns today, we remind taxpayers that it will be early March before we begin processing and validating return information and…… read more »
The N.C. Department of Revenue (NCDOR) will begin accepting both business and individual income tax returns over the next few weeks. The NCDOR anticipates accepting 2022 Corporate Income and Franchise, Partnership Income, and Estates and Trust Income tax returns by Friday, Jan. 27. The NCDOR anticipates accepting 2022 Individual Income tax returns by Friday, Feb.…… read more »
