Sedgwick County Property Tax 2026: What Wichita Homeowners Can Do Now
Sedgwick County property tax in Kansas is generally paid in two halves, due December 20 and May 10. Kansas did not enact a new broad homeowner property tax relief package in 2026. However, existing relief remains available, including the statewide residential school-levy exemption, the Kansas Homestead Refund, SAFESR for qualifying seniors, and valuation appeals. This […]
Colorado State Income Tax Rate 2026: What Amendment 87 and Proposition 136 Would Change
The Colorado state income tax rate for 2026 is a flat 4.4% of federal taxable income. On November 3, 2026, voters will decide Amendment 87, originally Initiative 195, which would replace the single rate with graduated rates beginning in 2027, and Proposition 136, originally Initiative 232, which would limit the income tax rate to 4.4%. […]
Ohio Property Tax Reform 2026: What Changed for Columbus and Franklin County
Ohio property tax reform passed in late 2025 through House Bills 186, 335, 129, 309, and 124. For Columbus-area homeowners, these changes arrive just as Franklin County completes its 2026 triennial value update. Meanwhile, tentative residential values rose about 10% on average, and the updated values will shape property tax bills beginning in 2027. If […]
The Home Office Deduction: Who Qualifies, What Counts, and Does It Trigger an Audit?
The home office deduction lets eligible self-employed people deduct part of the cost of a home used regularly and exclusively for business. The simplified method is $5 per square foot, up to 300 square feet, for a maximum $1,500 deduction. W-2 employees generally cannot claim it. A reasonable, well-documented claim is not automatically an audit […]
Quarterly Estimated Taxes: Who Pays Them and What Skipping Costs
The U.S. tax system is pay-as-you-go, which means waiting until April to pay what you owe could result in an estimated tax penalty. This can come as a surprise for self-employed individuals and business owners who are used to handling their taxes once a year. For freelancers and gig workers especially, understanding estimated payments […]
Capital Gains Tax: What You’ll Owe When You Sell A House in Columbus
Central Ohio has been one of the country’s fastest-appreciating markets, so more Columbus sellers are bumping into capital gains than ever. The good news is that most people selling their primary home still owe far less than they fear. Here is what to know about taxes when selling a house in Ohio before you list, […]
Capital Gains Tax: What You’ll Owe When You Sell A House in Witchita
Wichita’s affordability has made it a strong market for both move-up buyers and investors, which means more people are selling a home or a rental and wondering what the tax bill looks like. The reassuring news is that most primary-home sellers owe little or nothing. Here is how the math works on taxes when selling […]
Capital Gains Tax: What You’ll Owe When You Sell A House in Denver
Denver’s long run-up in home values is great news right up until tax season, when a big gain can turn into a surprising bill. The good news is that most people selling their primary home owe far less than they fear, and many owe nothing at all. Here is what sellers and investors along the […]
Back Taxes Interest: How IRS Penalties, State Rates, and Daily Compounding Add Up
If you owe back taxes and you’re waiting until you “figure out the money,” you’re not hitting pause on your balance. You’re watching it grow. Every single day. How much can back taxes cost over time? Back taxes can grow through IRS interest, failure-to-pay penalties, failure-to-file penalties, and state-level interest charges. IRS interest compounds daily […]