by Malah Armstrong | Jun 3, 2024 | Newsletters, The Utah Taxpayer
We are less than a month away from the 2025 Fiscal Year, and taxing entities throughout the state have been preparing and approving their budgets. The Utah Constitution requires that they adopt a balanced budget, meaning that every dollar they plan to spend must be...
by Malah Armstrong | Jun 3, 2024 | Newsletters, The Utah Taxpayer
“We’re just holding the rate steady.”“We’re keeping the same tax rate as last year.”“We’re keeping the tax rate year over year flat.”Sounds like it’s Truth in Taxation time! Over the next few months, dozens of taxing entities will mail out their Truth in...
by Malah Armstrong | Apr 29, 2024 | Newsletters, The Utah Taxpayer
My dad and brother flew out from Scotland in January to “come visit” for a week. I hardly saw them. They spent every day at Brighton ski resort from dawn til dusk. They didn’t want to risk their snowboards getting damaged on the flight, so they rented at the resort;...
by Malah Armstrong | Apr 29, 2024 | Newsletters, The Utah Taxpayer
The Legislative Auditor’s report on property taxes, presented on April 17th, confirmed what many have long suspected: property taxes are not made equal. They concluded that commercial properties are undervalued, and that many Utah taxpayers are confused by the...
by Malah Armstrong | Mar 29, 2024 | Newsletters, The Utah Taxpayer
I know it doesn’t feel this way, but for the last six years, you’ve had a pretty good deal on your federal taxes. Thanks to the TCJA passed in 2017, the standard deduction was almost doubled, the child tax credit was doubled, tax brackets were widened and marginal tax...
