Firefighters’ group supports tax reductions in Trump’s significant legislation
The largest union representing firefighters and emergency service personnel in North America is backing a significant legislative proposal that includes tax provisions. Leaders of the International Association of Firefighters, with over 350,000 members, have endorsed the tax cuts and the removal of taxes on eligible overtime pay, along with increased caps on state and local […]
2025 Georgia tax rebate update | When to expect your refund
Georgia taxpayers may soon receive surplus tax refund checks, as announced by state officials this week. This marks the third round of surplus payments during Governor Brian Kemp’s administration. Most individuals who filed their 2023 and 2024 tax returns on time should anticipate a refund in the next few weeks. The Georgia Department of Revenue […]
Governor Kemp Updates Timing for $500 Special Tax Rebate
Georgia to Issue Surplus Tax Refunds Starting This Week ATLANTA, Ga. — Officials in Georgia are set to start issuing special surplus tax refunds, which can reach up to $500 for eligible taxpayers, as announced by Brian Kemp’s office on Monday. The one-time refunds will be distributed as follows: $250 for individual taxpayers and those […]
Trump promotes significant spending reductions and tax changes in major bill
On Monday evening, former President Donald Trump took to social media, expressing that this was a moment to turn things around in the U.S. He mentioned how Americans had “sold Americans” on a vision for a “big beautiful bill” and referred to the past four years under Joe Biden as “miserable.” The spending bill, which […]
Homeowners uncertain about new tax notices in Gwinnett County | Here’s what’s different and how to contest
Gwinnett County Homeowners Face Tax Valuation Changes In Gwinnett County, homeowners are encountering some unexpected changes regarding property tax valuations, thanks to new legislation. This year, many residents received notices that look quite different from previous assessments. There are a couple of new laws, specifically House Bill 581 and House Bill 92, that have brought […]
Reinstating Country Club Dues Tax Deduction Is Stronger Justification Than SALT
Tax Policy Shifts and SALT Deductions The Tax Cuts and Employment Act (TCJA) has led to a permanent decrease in corporate tax rates, effectively putting an end to corporate inversions as an ongoing issue. However, the cuts in personal income tax rates are set to expire at the end of 2025. A lawsuit has now […]
GOP confronts major budget office regarding tax plan estimates
Republicans are leveraging Congressional budget analysts to bolster their claims that Trump’s major tax proposals are expensive, even as their projected costs reach trillions over the next decade. The Congressional Budget Office (CBO) has not yet finalized its estimates for the House Republicans’ ambitious tax bill, but GOP members have ramped up their criticisms regarding […]
Does Trump’s ‘Big Beautiful Bill’ have no tax on Social Security? Important details to consider
House Passes Trump’s “Big, Beautiful Bill” The House of Representatives has approved President Donald Trump’s much-touted “big, beautiful bill.” It now heads to the Senate for further consideration. The House passed the significant bill early Thursday morning. While the bill does not explicitly eliminate taxes on Social Security benefits, it introduces other tax credits for […]
Chart Displays Inheritance Tax Rates Throughout the US
Understanding Inheritance and Real Estate Taxes in the US Inheritance and real estate taxes, commonly known as “death taxes,” differ significantly across the United States. The federal real estate tax only affects affluent individuals, specifically those with estates worth over $13.61 million in 2024. For most folks, these taxes aren’t a concern—unless, of course, you’ve […]
Diligent savers may discover they’re moved into a higher tax bracket upon retirement.
Dear Liz: I’m working for a local government and figuring out when to retire. I’ve got my pension set up and tried to save as much as possible using a 457 deferred compensation plan, which I invested in an S&P 500 index fund. Also, I have some non-sheltered brokerage accounts with plenty in savings and […]