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Lottery credit lowers tax bills for Wisconsin homeowners by an average $161 WISCONSIN (CBS 58) -- A lottery tax credit helped Wisconsin homeowners save more than $237 million in 2020.  According to a news release from the State of Wisconsin Department of Revenue on Tuesday, Feb. 9, Wisconsin homeowners who paid their property tax bills this past December and January, may have noticed their bill was reduced by an average of $161. The Lottery Credit is shown on tax bills as a reduction of property taxes due, the department says. If a taxpayer pays their taxes in two or more installments, the...

Wisconsin Republicans are drafting legislation that would cut business taxes by $450 million by allowing those that received federal Paycheck Protection Program loans to deduct related purchases on their 2020 state taxes. The Paycheck Protection Program (PPP), formed under the CARES Act last year, awarded forgivable tax-free loans to businesses facing financial losses during the COVID-19 pandemic. Because that money was not taxed as income, the Internal Revenue Service determined expenditures paid with those funds are not tax deductible under current federal and state laws. Congress last mont...

  (Madison) – The Wisconsin Department of Revenue (DOR) will extend its customer service hours 1 hour, 15 minutes past its regular closing time on select days during the 2021 tax season to better serve its customers. The extended hours will occur during the busiest times of the tax season the last two weeks of January and again the first two weeks of April on Tuesdays and Thursdays from 7:45 a.m. to 5:45 p.m. Individual income tax season in Wisconsin this year begins on February 12, consistent with the IRS. “We hope extending our availability will help Wisconsinites more easily reach us ...

The Wisconsin Department of Revenue (DOR) will extend its customer service hours 1 hour, 15 minutes past its regular closing time on select days during the 2021 tax season.

MADISON — Gov. Tony Evers with the Wisconsin Economic Development Corporation (WEDC) and the Wisconsin Department of Revenue (DOR) announced Jan. 8 almost 55,000 state small businesses affected by the COVID-19 pandemic received approximately $240 million last year through the We’re All In grants program — the largest direct-aid program for small businesses in WEDC history.