Possible Bitcoin Tax Exemptions on the Way with New Senate Bill
Simply put Senator Cynthia Ramis presented a bill on Thursday aimed at offering several tax incentives for digital asset users. The proposal exempts cryptocurrency users from needing to calculate capital gains on transactions under $300 for most cases. Under the new regulations, crypto miners and stakers won’t owe taxes until they sell their rewards, and […]
Implications of a Higher ‘Death’ Tax Exemption for Charitable Donations and Family Farms
One notable aspect of the newly introduced “One Big Beautiful Bill” is the increase in property and lifetime gift tax exemptions to $15 million, a change that will adjust for inflation in the future. Signed into law likely by President Donald Trump, this bill marks a continuation of increases first seen in 2017. However, if […]
Congress included no tax on tips in Trump’s major legislation. Here’s how it operates.
Workers in the U.S. who rely on tips have seen some significant tax changes after Congress approved a new law that aligns with President Trump’s agenda. Recently, the Republican-controlled Senate and House passed a substantial spending and tax package. This legislation establishes temporary tax exemptions related to tips that could influence other tax cuts as […]
As Mamdani focuses on New York City’s affluent residents in his tax proposal, attention shifts to his mother’s $2 million Chelsea apartment.
Mayoral hopeful Zohran Mamdani is shaping his political identity around ambitious plans to transform the city’s housing landscape. His agenda promotes rent freezes, alterations to tax policies, and a financial shift from “wealthier, predominantly white neighborhoods” to support low-income areas. However, questions may arise regarding Mamdani’s family background, particularly connections to his mother, Mira Nia, […]
Tax incentives for electric vehicles will end on September 30 as the major bill is approved.
The Electric Vehicle Tax Credit Comes to an End Congress has passed the Tax and Budget Act, which will officially end the $7,500 tax credit for buying or leasing new electric vehicles (EVs) and the $4,000 credit for used EVs starting on September 30th. These incentives have played a significant role in boosting sales of […]
California Legislators Approve Changes to Film and TV Tax Credit Program
California Film and TV Tax Credit Program Gets a Boost California lawmakers have approved changes to the state’s film and television tax credit program. This week, the Senate gave its approval, and Governor Gavin Newsom signed the law. The recent bill aims to “modernize” the program while expanding eligibility, complemented by a newly allocated $750 […]
Five major tax changes for the wealthy in Trump’s notable legislation
Tax Changes for the Wealthy in New Bill On June 30, 2025, views of the US Capitol in Washington, DC, are striking. According to tax experts, President Donald Trump’s “Big Beautiful Building” introduces several new tax credits, notably extending many features from the 2017 tax cut. It’s estimated that taxpayers earning over $1 million could […]
Are Republicans helping struggling cities? Understanding the pitfalls of the Low-Income Housing Tax Credit
Several prominent members of the Republican Party are supporting the “One Big Beautiful Bill Act,” which proposes $14 billion in relief targeted at some of the most struggling cities in America. This initiative aims to expand low-income housing tax credits, but there are concerns that it might simply funnel more money into systems that are […]
‘Individuals Who Avoid Paying Taxes’: Brit Hume Shares What Portion of US Households Do Not Contribute Federal Income Tax
Discussion on Taxation and Household Contributions On a recent episode of Fox News, Brit Hume highlighted the percentage of American households exempt from federal income tax. This discussion followed the Senate’s narrow approval of President Trump’s significant tax plan, which passed with a 51-50 vote early Tuesday. During “Special Report with Bret Baier,” Hume elaborated […]
New remittance tax in ‘a significant, comprehensive package’ will greatly affect immigration
The Senate’s proposal, dubbed “One Big Beautiful Bill,” plans to implement a small tax on international cash transfers, referred to as a remittance tax. This could significantly affect immigrants working in the U.S., according to experts. Remittances typically involve migrant workers sending money back to families in their native countries, and millions flow out of […]