Mike Pence group kicks off $10M campaign to keep Trump tax cuts
Former Vice President Mike Pence’s conservative advocacy group on Thursday launched a $10 million education campaign urging lawmakers to preserve tax cuts passed in 2017 under former President Donald Trump. Release to Promote American Freedom Policy Memo On Thursday, he called on lawmakers and the voters who elect them to preserve the Tax Cuts and […]
I.R.S. Extends Freeze of Pandemic-Era Tax Credit Amid Widespread Fraud – The New York Times
The Internal Revenue Service is expanding efforts to crack down on fraud in pandemic-era tax credit programs following an internal analysis that found a large proportion of outstanding claims were improper. The IRS said Thursday it was extending a freeze on new claims for the Employee Retention Tax Credit, which was created at the height […]
Pence group launches $10 million effort to preserve Trump tax cuts
Former Vice President Mike Pence’s political advocacy group has launched a $10 million campaign to extend Trump-era tax cuts that expire next year and are expected to play a key role in the 2024 election. Advancing American Freedom on Thursday announced plans for a “nationwide grassroots education campaign” to defend the Tax Cuts and Jobs […]
Wisconsin Dem in tough re-election battle blasted same tax loopholes her partner takes advantage of: report
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IRS to close ‘major’ tax loophole
The IRS and Treasury Department on Monday announced plans to eliminate major tax loopholes exploited by wealthy taxpayers, a move that is expected to raise as much as $50 billion over the next decade. The plan targets so-called “partnership basis shifting,” transactions that allow companies or individuals to increase deductions and minimize liabilities by operating […]
Trump tax breaks are set to expire after 2025. Here's what advisors are telling their clients – CNBC
Andres | E+ | Getty Images Unless Congress acts, these tax cuts will be phased out after 2025. And once the TCJA provisions expire, Over 60% According to the Tax Foundation, taxpayers could face higher taxes. With about 18 months until the deadline, “now is the time for clients to focus on the fundamentals of […]
Elizabeth Warren warns Dems to stand firm on tax hikes as fight looms over Trump-era cuts
Sen. Elizabeth Warren (D-Mass.) is pressuring Democrats to take a tougher stance on new tax policy as lawmakers prepare for some of the Trump administration’s tax cuts to expire after 2025. Progressive lawmakers are expected to emphasize the importance of pushing for corporate tax reform at an event hosted by the Washington Center for Equitable […]
IRS unveils plan to close tax loophole for pass-through businesses – CNBC
IRS Commissioner Danny Wuerfel testifies before the House Appropriations Committee in Washington, DC on May 7, 2024. Kevin Dietsch | Getty Images The U.S. Treasury Department and the IRS on Monday announced a plan to “close significant tax loopholes” exploited by large, complex partnerships that could raise an estimated $50 billion or more in tax […]
Senior property tax credits available in Greene, Christian counties – News-Leader
This is the first year that senior residents in Greene and Christian counties can take advantage of a property tax break created by a state law passed last year, Senate Bill 190. While there has been some confusion about how the law will be implemented, counties are moving forward with tax freezes and benefits for […]
Larger Social Security tax withholdings starting in 2025: Everything will change – La Grada EN
monthly, Social Security Administration (SSA) We have issued thousands of checks to our program beneficiaries, most of whom are retirees. These checks can be the highlight of some months for our beneficiaries, especially in the current economic climate, as they enable them to pay bills and cover basic living expenses. These checks, even on average, […]