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$26 Million Refund Bonanza: St. Louis Residents to Receive Compensation for Earnings Tax Overpayments on Remote Work

St. Louis will refund $26 million in earnings taxes to remote workers following a court ruling that such taxes on work performed outside the city during the pandemic were improper.

St. Louis to Refund $26 Million in Earnings Tax to Remote Workers Following Court Ruling

According to the article of Fox 2 Now, St. Louis residents who worked from home during the pandemic and paid the city’s 1% earnings tax while living outside its limits will get refunds totaling $26 million. This comes after a lawsuit was settled, with the Missouri Court of Appeals ruling that remote work done outside the city isn’t subject to the city’s earnings tax.

About 2,100 people who filed appeals for refunds for the years 2020 through 2022 are affected by this settlement. Starting July 1, 2024, eligible taxpayers can apply for refunds through a simple process provided by the Collector of Revenue’s office. Refund requests must be submitted between July 1 and October 31, 2024, and payments should be completed by the end of the year.

READ ALSO: $4200 Stimulus Payment Alert: June 28, 2024: Critical Financial Boost For Millions Of Americans – Check It Now!

$26 Million Refund Bonanza: St. Louis Residents to Receive Compensation for Earnings Tax Overpayments on Remote Work (PHOTO: St. Louis Post)

St. Louis Ensures Clear and Easy Refund Process for $26 Million Earnings Tax Settlement

Furthermore, Gregory F.X. Daly, the Collector of Revenue, stated that the city will follow the court’s decision and make sure the refund process is clear and easy. This settlement resolves the tax dispute and provides financial relief to taxpayers, addressing the issues from remote work during the pandemic.

READ ALSO: 30% To 50% VA Disability Rating Increase: Navigating The Complex Process For Veterans – Must Know!

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