Trump promised tax cuts, but polls indicate most Americans still feel they’re paying too much
Many Americans Still Feel Taxes Are Too High Recent polling indicates that a majority of Americans believe their taxes are excessive, even after the tax law passed last year, which enacted several promises from President Donald Trump’s campaign. The findings reflect rising frustration, especially as inflation and economic growth appear to decline. This study, conducted […]
Tax extension from the IRS does not postpone your payment deadline of April 15.
Every year, about 20 million Americans apply for a tax extension, yet many might not realize that any unpaid taxes are still due by April 15th. While the extension lets taxpayers file their returns until October, it doesn’t push back their responsibility to settle taxes owed. If the payments aren’t made by the deadline, penalties […]
NRCC starts Tax Day ads aimed at 28 Democrats for their vote on tax cuts
Republicans Target Democrats Over Tax Cuts Before Tax Day As the deadline for tax payments approaches, House Republicans are turning their attention to Democrats who opposed the tax cuts passed last summer, which were signed into law by President Donald Trump. The National Republican Congressional Committee (NRCC), which serves as the campaign arm for House […]
Sen Bill Hagerty proposes legislation to eliminate $100K ‘bureaucrat tax’ on houses
Americans Leaving Blue States for Tax Benefits In a recent appearance on “Fox News Live,” Ari Rastegar, the CEO of Rastegar Capital, discussed a noticeable trend of Americans relocating from blue states to seek tax advantages. He also touched on the influence of rising interest rates on the housing market and issues related to supply, […]
U.S. lawmakers make another attempt at updating crypto tax policy with new bill
New Legislative Push for Cryptocurrency Tax Reform Last month, Representatives Stephen Horsford (D-Nevada) and Max Miller (R-Ohio) brought back the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yield (PARITY) Act. This legislation aims to update how the United States deals with cryptocurrencies and taxes related to them. As Congress gears up to discuss taxes […]
Margaret Iuculano: A Tax Plan That Supports Business Growth, Workers, and Families
Washington is at a crossroads this tax season. It has the choice to either bolster policies that promote business investment and higher wages, or revert to the uncertainty that has historically hindered employers. As millions of Americans are filling out their tax returns, the effects of recent tax reforms aimed at growth are becoming clearer, […]
Massachusetts community divided over suggested 50% property tax increase: ‘Truly catastrophic’
A small town in western Massachusetts is experiencing tension over a proposed property tax increase of 50%. Neighbors have started taking each other’s campaign yard signs, and there are fears that some might have to sell their homes. On Tuesday, residents of South Hadley will cast their votes on a plan aimed at addressing a […]
DoorDash driver who made a delivery to the White House shares how the tax break benefits her financially.
DoorDash Employee Delivers Meal to the White House Sharon Simmons made headlines as the first DoorDash employee to deliver a meal to the White House. Following her delivery of a McDonald’s order to President Donald Trump, Simmons expressed hope that she would continue to benefit from the tip tax exemption policy beyond its expiration in […]
Trump receives McDonald’s DoorDash delivery in the Oval Office on Tax Day
Trump Uses McDonald’s Delivery to Promote Tax Policy President Donald Trump made a unique Tax Day pitch on Monday by introducing a DoorDash driver, Sharon Simmons, at the White House. As part of the event, he shared two bags of McDonald’s—his favorite fast food—while promoting a new policy to repeal the tax on tips. During […]
IRS releases list of jobs eligible for ‘no tax on tips’ rule
New Tax Guidance for Tipped Workers Released by IRS The U.S. Treasury’s Internal Revenue Service (IRS) announced new guidance on Friday aimed at helping taxpayers who may benefit from a tax provision related to tips. This provision, part of the legislation dubbed the “Big and Beautiful Bill” signed by President Donald Trump in July, allows […]