Millions of Americans are expecting a tax refund. Many will use it on things like bills, debt and other essentials. If you donât have any pressing financial matters to pay for at the moment, you may look at investing it in your future. PennyGemâs Johana Restrepo has more.
Q: Can you get us an update on when we might expect our NC State tax refund? We submitted our tax digitally March 5 and have checked the NCDOR web site with no adequate explanation. This is unacceptable and irresponsible for us to not have our refund yet.
â C.W.
Answer: Schorr Johnson, the director of public affairs for the N.C. Department of Revenue, said that
Zachery Eanes
The (Raleigh) News & Observer
RALEIGH â Thanks to a generous tax credit, North Carolina became one of the nation s leaders in solar energy. Now many of the investors who fueled its boom are being audited by the state s tax collector.
A group of prominent North Carolina businesses and individuals is warning that the audits are eroding the state s standing as a reliable place to invest money.
In a letter to Gov. Roy Cooper, the North Carolina Chamber business advocacy group says that the state Department of Revenue s treatment of investors who used North Carolina s Renewable Energy Tax Credit could place a chill on future use of North Carolina tax credits.