IRS urges timely tax filing ahead of April 15 deadline to avoid penalties and interest – KRNV
Reno, Nevada – With the April 15 tax return deadline approaching, the IRS is urging taxpayers to file on time to avoid penalties and benefits. IRS spokesman Raphael Tulino highlighted the importance of filing by saying, “If there are requirements to file, you should do so. Avoid penalties and interest that can be put on […]
GOP lawmakers’ budget framework will raise debt limit, pass Trump border, energy and tax bill all before June
WASHINGTON – Congressional Republicans are moving forward with plans for a re-appointed budget resolution that sets different thresholds to cut federal spending, but they still aim to raise the country's debt limits to trillions, and pass President Trump's border, energy and tax priorities by anniversary. House Gop Aide told the Post that “target cuts” in […]
Mississippi phasing out income tax, reducing tax on grocery sales
Republican Mississippi Governor Tate Reeves ratification Thursday's law eliminated his state's individual income tax by 2037 due to an annual decline. The bill also cuts tax on grocery sales from 7% to 5%, and raises gas taxes in three years by 9 cents. “Mississippi no longer taxes jobs, income or their people's ambitions,” governor said. […]
Deep red state makes major announcement about income tax: ‘We plant our flag’
First on FOX: Mississippi taxpayers will receive substantial relief from the progressive elimination of state income taxes. The Republican government signed the law on Thursday evening, signing a law that would lower that tax from 4.7% to zero over the next few years, including a decline to 3% by 2030 and ultimately to zero. House […]
Tax, spending divisions rankle Republicans despite momentum on reconciliation
Republican leaders of the House and Senate came out from a meeting at the Treasury Department Tuesday afternoon. But lawmakers on the main committee are sounding nervous about issues surrounding the bill, from the department around the bill to cut spending and accounting assumptions to the widespread scope of the law itself. “I think it's […]
EV buyers who missed out on their tax credits now have a fix from the IRS – NPR
The Jeep Wrangler 4XE Plugin Hybrid appears in the sale lot at Hilltop Chrysler Jeep Dodge Ram in Richmond, California. Justin Sullivan/Getty Images/Getty Images North America Hide captions Toggle caption Justin Sullivan/Getty Images/Getty Images North America According to a trade group representing car dealers, the IRS created an amendment after some car owners were unable […]
Florida considers property tax relief for homeowners – Gulf Coast News
Florida is considering dumping property taxes after nearly doubled for homeowners over the past decade. It's a bold idea that you can ultimately go in front of voters. Forking money for property taxes can be painful for working families and retirees. Now, state lawmakers are considering plans to remove Florida property tax. Lee County Property […]
‘RHONJ’ star Teresa Giudice, Luis Ruelas owe $3M in tax liens
Theresa Judith and her husband, Lewis Lulus, were hit by a tax lien of more than $3 million. According to documents obtained by Fox News Digital, the “Real Housewife of New Jersey” star has issued a $303,889.20 ruling filed against her earlier this month. Rurus was hit late last year with a debt of $163,523.94, […]
How the rich use insurance to invest in private credit without steep tax bills – CNBC
This version of the article first appeared on CNBC's Inside Wealth Newsletter. This is Robert Frank, Net-Worth Investor and Consumer's weekly guide. Sign up to receive future editions directly in your inbox. According to alternative data provider Preqin, the market rose from $1 trillion in 2020 to $1.5 trillion in early 2024, resulting in a […]
IRS-ICE near agreement to share tax data for deportations: Report
(News Nation) – The Internal Revenue Service (IRS) is approaching a contract in which Immigration and Customs Enforcement Agency (ICE) can access confidential taxpayer information and find undocumented immigrants targeting deportation. The Washington Post reported. The proposed data sharing arrangement allows ICE to submit a suspicious name and address Undocumented immigrants To the IRS for […]