New York City Mayor Mamdani Unveils First ‘Tax the Rich’ Initiative
Mayor Announces New Tax on Luxury Properties New York City Mayor Zoran Mamdani chose Tax Day to unveil a new annual tax targeting high-value properties owned by those who don’t reside in the city full-time. This measure aligns with his broader initiative to increase taxes on affluent residents and property owners. Mamdani, in a recent […]
Business Update: It’s Tax Day. Democrats Believe You Should Contribute Your Fair Share. I Agree.
What does your “fair share” really mean? You’ve likely heard this phrase from various Democrats—figures like Bernie Sanders, Elizabeth Warren, and Joe Biden—who insist that the affluent need to “pay their fair share” of taxes. While there’s some truth to their argument, the idea of “fair” they use differs quite a bit from what many […]
Summary: IRS reports average tax refund is nearly $3,500 this year
Tax Refunds and Recent Events This year’s tax refunds are on the rise, though they haven’t reached the levels anticipated by the Trump administration, according to the IRS chief during a Senate hearing. While he’s addressing unpaid taxes, the focus is also on the current tax season. As the deadline for filing taxes approaches, the […]
Hochul suggests a tax on luxury second homes in NYC valued over $5 million.
New York City Proposes Tax on Luxury Second Homes Mayor Zoran Mamdani of New York City has expressed support for a new tax targeting luxury second homes owned by extremely wealthy individuals, projecting that it could raise at least $500 million annually. Governor Cathy Hochul had previously introduced this tax, known as the pied-à-terre tax, […]
Florida has the highest average tax refund in the US at $4,433, according to a report.
Last-Minute Tax Tips as Deadline Approaches As the deadline to file 2025 tax returns looms, CPA and TurboTax expert Lisa Greene-Lewis offers valuable last-minute advice for taxpayers. Many Americans will find their refunds this year to be larger, on average, compared to last year. A recent analysis reveals that the estimated average refund in 2026 […]
Data reveals 53 million taxpayers took advantage of Trump’s tax cuts this season
Tax Season Update This filing season, over 53 million taxpayers have taken advantage of at least one of President Donald Trump’s major tax cuts. The average tax refund this year is around $3,400, according to the latest Ministry of Finance data released on Tax Day. The figures reflect the first tax filing season since the […]
New Democratic plan proposes increasing the Earned Income Tax Credit to $5,500 for each child.
McDonald Rivett Proposes Expanded Tax Relief for Parents State Senator Kristen McDonald Rivett is set to propose a new piece of legislation aimed at widening the Earned Income Tax Credit (EITC) for parents. During a primary election night gathering on August 6, 2024, in Saginaw, Michigan, she emphasized the needs of working families. The proposed […]
Today’s tax deadline: advice for timely filing and quick refunds
Last-Minute Tax Tips for the 2025 Tax Return Deadline As the midnight deadline approaches for Tax Day, CPA and TurboTax expert Lisa Greene-Lewis shares some essential advice for individuals filing their 2025 tax returns. Taxpayers need to file their returns or request an extension before the clock strikes midnight on April 15. For those who […]
Food discounts and giveaways on Tax Day 2026: Indulge and save
Looking for a little break on taxes? Today, April 15th, marks Tax Day. After slogging through tax filings, you might deserve a little treat. Lucky for you, several restaurants are offering great food deals today. Once you’ve submitted your taxes, you might want to swing by one of these places to enjoy some savings. Here […]
Many Americans believe their tax payments are too high. Here’s what the data reveals.
Tax Sentiment Among Americans As Deadline Approaches With the tax filing deadline of April 15 nearing, many Americans feel they’re contributing more than their fair share in taxes, particularly among those earning the most. Recent findings from Pew Research Center highlight this growing concern. Even though there have been tax cuts for everyone, this feeling […]