All or part of unemployment benefits received in 2009 will be tax free for many unemployed workers, according to the Internal Revenue Service.
“This morning we learned that a record 5.6 million people were receiving unemployment benefits in the middle of March. This underscores the need for the relief provided by the [...]

Unclaimed refunds totaling approximately $18,167,000 are awaiting about 21,400 Alabamians who did not file a federal income tax return for 2005, the Internal Revenue Service announced today. However, to collect the money, a return for 2005 must be filed with the IRS no later than April 15, 2009.
“Alabamians should check [...]

A proposal to remove the state’s 4 percent tax on the purchase of groceries passed the first hurdle in the Alabama Legislature on Thursday.
The bill by Rep. John Knight, D-Montgomery, was approved on a voice vote with several members expressing opposition. The bill now goes to the full House for debate.
A bill to remove the [...]

The Senate voted Tuesday to give a tax break to new car buyers, setting aside bipartisan concerns over the size of an economic stimulus bill with a price tag approaching $900 billion. The vote was 71-26 to allow many car buyers to claim an income tax deduction for the cost of automobile sales taxes [...]

By STEPHEN FOSTER BLACK
As we move into a new tax filing season, in the midst of the most severe recession in three generations, the Earned Income Tax Credit (EITC) has never been more critical to the working people of our state.
Considered to be the most important federal anti-poverty program in the nation, the EITC is [...]