DOR Forms
Tax credits are amounts that offsettax liabilities or the taxes owed. Like deductions, these vary widely among jurisdictions. However, there are often credits attributed to the care of dependent children and seniors, pensions, education, and many more. Once the subtraction of all deductions is complete, the taxpayer can determine their tax rate on their adjusted gross income . Julia Kagan has written about personal finance for more than 25 years and for Investopedia since 2014. The former editor of Consumer Reports, she is an expert in credit and debt, retirement planning, home ownership, employment issues, and insurance. Proposals will be due from potential operators at the end of November, and the selection of an operator should occur in December. A one percent (1%) tax is imposed on the overnight room rentals of hotels and motels within the corporate limits of the City of Olive Branch. This special Tax return levy is in addition to all other taxes now imposed. Effective October