Tax – Ponca City Now

After a dramatic vote, the Senate pushes ahead on Trump’s tax break and spending cut plan

Monday, June 30 by AP

WASHINGTON (AP) — Capping a tumultuous night, the Republican-controlled Senate advanced President Donald Trump’s package of tax breaks, spending cuts and increased deportation money, with more weekend work ahead as Congress races to meet his Fourth of July deadline for passage.By a 51-49 tally and with Vice President JD Vance at... Read More.

Harris Bill Increasing Maximum Amount for Adoption Tax Credits Signed

Friday, June 20 by Ponca City Now

OKLAHOMA CITY – A bill helping reduce the financial burden brought by adoption has been signed into law. Rep. Erick Harris, R-Edmond, authored House Bill 2610, which increases a tax credit for nonrecurring adoption expenses. The bill increases the maximum credit amount to 15% of qualified expenses, up to $3,000 for single filers and... Read More.

Oklahoma income tax cut signed by Gov. Stitt

Thursday, May 29 by News 6

OKLAHOMA CITY -Oklahoma Governor Kevin Stitt announced he has signed another income tax cut for Oklahomans Wednesday afternoon.Sitt posted a video on his X account announcing the cut.LATEST FROM OKLAHOMA'S GOVERNOR: Oklahoma Gov. Stitt holds weekly press conference: 4 takeaways"It has been a priority for the Stitt administration to lower taxes for... Read More.

House passes major tax and spending bill ahead of Memorial Day; Senate faces tough road ahead

Monday, May 26 by News 9

WASHINGTON -House Republicans pulled off what many had considered unlikely—passing a sweeping tax and spending package with narrow support and significant behind-the-scenes negotiation. Now, as the bill moves to the Senate, questions remain about what elements will survive and whether it can meet the July 4 deadline favored by the President..In an interview on DC... Read More.

5 things you need to know about the Oklahoma state income tax cut

Monday, May 19 by News 6

OKLAHOMA CITY -State leaders rolled out the Fiscal Year 2026 budget, which includes an income tax cut. Republican leaders did not originally see eye-to-eye on the logistics of the cut, but did come to a compromise.What tax cut did lawmakers agree on?State lawmakers agreed to eliminate the bottom three of the six total tax brackets.... Read More.

Mississippi and Kentucky seek to become first states to end personal income tax since 1980

Sunday, April 6 by The Associated Press

By DAVID A. LIEB Associated PressAP — About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep growing.The push to zero out the income... Read More.

AARP TAX PREPARATION AT THE LIBRARY

Monday, February 17 by Ponca City Now

AARP is currently accepting intake appointments for March 4 thru April 17, 2025. All February appointments are filled. Intake appointments can be scheduled on Tuesdays, Wednesdays and Thursdays from 9:00 a.m. to 2:30 p.m. Checkout appointments are scheduled the following Tuesday, after the initial intake appointment. Appointments can be made by visiting the Reference Desk at the Library... Read More.

NOC Provides Income Tax Preparation Service

Tuesday, February 11 by Ponca City Now

Northern Oklahoma College Tonkawa is providing free basic income tax return preparation for students, NOC employees, and area residents starting Feb. 13 at NOC Tonkawa.Singles or families making less than $75,000 per year qualify for the free service.Trained tax preparers from the NOC Business Division and area volunteers will be available for tax assistance... Read More.

Rep. Tammy West Reminds Oklahomans to Apply for Caring for Caregivers Tax Credit

Tuesday, February 11 by Ponca City Now

OKLAHOMA CITY – Rep. Tammy West, R-Oklahoma City, is encouraging eligible Oklahomans to apply for the Caring for Caregivers tax credit while filing their 2024 taxes. In 2023, the Oklahoma Legislature created the Caring for Caregivers Act, designed to help offset some out-of-pocket expenses family caregivers pay for. This spring marks the first... Read More.

For Area Businesses: Is the “$26,000 Per Employee” Tax Refund legit?

Thursday, May 4 by Lyman James

Quick answer: It is. The program has been heavily promoted on radio, tv and through social media, leading to many questions. The Employee Retention Credit is a payroll tax refund program that provides critical support to businesses that kept employees on payroll during the pandemic. With the recent regulation change, even businesses that... Read More.