tax credit

Mon Power Solar Projects Will Cost Electricity Users Less Than Planned

Due to tax credits in the federal Inflation Reduction Act, enacted by Congress a year ago, Mon Power said the surcharge will be 14 cents a month.

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Personal Property Tax Credit Clarified For Taxpayers

All motor vehicle property taxes due in 2024 but paid in 2023 may be claimed as a credit on a taxpayer’s 2024 income tax return. This issue first came up when the legislature proposed doing away with the personal property tax as a tax reduction measure, but county officials voiced concern about the loss of revenue.

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Gaining New W.Va. Vehicle Property Tax Credit Calls For Correct Filing 

The state advises that taxpayers pay the half year amount in 2023 to be eligible for the credit on the second half payment next year.

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