Taxes
Information about government levies on income and goods
Latest stories
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Fact-check: Can Trump give Americans $5,000 if Republicans win midterms?
“I will issue a dividend to every adult citizen in the United States of America for $5,000,” President Donald Trump said, adding: “If the Republicans win. You win with us and you get $5,000. It will be called the ‘Trump dividend.’”
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Fact-check: Does Elon Musk pay the same amount into Social Security as someone making $185K?
“Today, Elon Musk, a trillionaire, pays the same amount into Social Security as someone making $184,500,” Sen. Bernie Sanders, I-Vt., said in a June 12 social media post, calling the situation absurd and in need of reform.
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Stein signs $34B NC budget, ushering in tax cuts and raises for state employees after GOP agreement
The $34 billion plan was authored by Republican legislative leaders who reached a deal last week after months of bickering over tax cuts and capital projects. Democratic Gov. Josh Stein objected to parts of the plan but said state employees can’t wait any longer for raises.
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Prediction market betting would be authorized in NC’s new budget. What it means for sports betting
Tucked into the state budget is a proposal that could have massive implications for how prediction markets operate in North Carolina. Some lawmakers say it’ll create a new revenue stream. Others worry it’ll cost the state millions.
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NC lawmakers end long standoff, send $34B state budget to Stein
After more than a year fighting over state spending priorities, North Carolina lawmakers approved the biggest budget in state history. The $34 billion Republican-led plan now heads to Democratic Gov. Josh Stein.
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North Carolina House committee advances bill ending tax break for new solar projects
A North Carolina House committee approved a bill ending a property tax break for new utility-scale solar projects starting in 2027. Existing solar facilities would not be affected.
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Apex bookstore facing 64% rent hike to close, other shops face uncertain future
A perfect storm of challenges in downtown Apex has business owners considering closing. Their landlords are raising rent, passing on an increase in new city taxes and rising insurance rates. An ongoing downtown construction project causing sales losses is expected to extend through next year.
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NC House passes bill to repeal sales tax on tampons, diapers
The North Carolina House of Representatives on Tuesday passed a bill that would lift sales taxes on diapers, baby wipes and feminine products.
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NC Senate OKs new tax rules for sports bettors, entrepreneurs and others
The state Senate on Tuesday voted to advance legislation that would change North Carolina tax laws affecting sports bettors, Helene victims and others.
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Stein signs law blocking new property tax appraisals in some counties
Senate Bill 889 would temporarily prohibit a few counties from applying new reappraisals to property tax bills.
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Apex homeowners face tax increase to expand public safety, utlities
The budget passed on Tuesday raises Apex's property tax rate from 35.6 cents to 37.35 cents per $100 of assessed value, or a cost of about $105 more per year for the owner of a $600,000 home.
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Morrisville passes 26-27 budget with no tax increase
The town of Morrisville adopted its 2027 Annual Operating Budget at Tuesday's town council meeting, holding the property tax rate flat at $0.35 per $100 of value.
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Property tax freeze passes legislature, heads to Gov. Stein
The bill is part of a broader push by legislators in the Republican-controlled General Assembly to address affordability for North Carolinians ahead of the midterm elections.
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Durham County approves budget with property tax increase, more money for schools
Durham County commissioners unanimously approved a $1.05 billion budget that includes a 2.5-cent property tax increase, adding about $90 each year to the tax bill of a $450,000 home. The spending plan also boosts funding for Durham Public Schools.
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Raleigh leaders approve property tax increase as part of $1.77 billion budget
The Raleigh City Council unanimously approved a $1.77 billion fiscal year 2027 budget that includes a 1.7-cent property tax increase. It adds about $67 each year to the tax bill of a median-priced $450,000 home.
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Wake County leaders blame a 'nonprofit loophole' for hike in property taxes
Wake County and state leaders want to tackle a growing affordable housing tax loophole they say is costing local governments millions in revenue.
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Michael Whatley holds 'no tax on tips' roundtable as US Senate race heats up in NC
North Carolina's Republican candidate for U.S. Senate, Michael Whatley, says he wants tipped workers in North Carolina to keep more of their money. He is supporting a bill making its way through the statehouse to remove tax on tips and overtime.
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Michael Whatley holds campaign roundtable on 'No Tax on Tips' as Senate race heats up
North Carolina's Republican candidate for U.S. Senate, Michael Whatley, says he wants tipped workers in North Carolina to keep more of their money. He is supporting a bill making its way through the statehouse to remove tax on tips and overtime.
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NC lawmakers enact education tax-break bill, adopting Trump policy by overriding Stein veto
North Carolina lawmakers on Wednesday voted to conform state law to a new federal law passed under Republican President Donald Trump, giving tax breaks to people who donate to educational scholarship programs.
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Cary residents speak out against proposed tax increase in town budget
Demonstrators gathered ahead of a public hearing on Thursday, voicing their concerns about the proposed budget. If approved, the budget would include a property tax increase of $3.75, bringing the rate to $37.75.
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How North Carolina property and income tax limits could impact local services
County commissioners are warning that proposed state constitutional amendments to cap income taxes and limit property tax increases could force deep cuts to essential services like schools, libraries, and law enforcement.
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North Carolina House Republicans override Stein veto on education tax-break bill
The moves come nearly a year after Stein vetoed the provision, as Republicans got help from two ex-Democrats who quit the party after losing their primary election in March. It goes to the Senate next.
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North Carolinians to vote on income, property tax limits after lawmakers OK ballot questions
Voters in November will be asked: Should the state constitution cap the state's income tax rate at 3.5%? Should the state limit local governments' control over their property tax rates?
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City of Raleigh budget proposal would increase taxes, focus on public safety
Raleigh City Manager Marchell Adams-David presented the City of Raleigh's budget proposal for 2026-27 on Tuesday. She is proposing that the city spend $1.77 billion with a focus on improving services and public safety.
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NC House postpones votes on constitutional amendments targeting income, property taxes
The House had originally planned to vote on the amendment proposals Tuesday afternoon, but the chamber's leader delayed the start of session for more than hour as the Republican Party caucus engaged in closed-door talks. The chamber's leader expects them to pass Wednesday.
