Mamdani’s Budget Warning: Government-imposed 2% tax on millionaires or city-ordered 9.5% increase in property tax
New York Mayor Proposes Property Tax Increase Amid Budget Crisis New York City’s Mayor, Zoran Mamdani, has suggested a 9.5% increase in the city’s property tax as a “last resort” to address a looming budget deficit of $5.4 billion over the next two years. This step comes if the state government in Albany declines to […]
New York is losing jobs to Texas, and Mamdani’s tax proposal will make the situation worse, according to a report.
New York is reportedly shedding thousands of jobs to Texas, which is seen as a more business-friendly environment. According to a recent report from the New York City Partnership, Mayor Zoran Mamdani’s initiative to raise corporate taxes may only speed up this trend. The analysis indicates that Texas’s low-tax approach has effectively attracted businesses, pulling […]
Trump vows substantial tax refunds in 2026 from a major legislation.
Trump’s Tax Refunds Expected to Increase Significantly President Donald Trump has announced that his tax refund this year will be notably higher than in the past. He attributes this change to the “one big, beautiful bill” he signed into law last year. Using Truth Social, Trump shared that some taxpayers might see refunds rise by […]
Potential effects of a federal shutdown on your tax refund and ways to prevent delays
Understanding Tax Refunds During a Government Shutdown Tax refunds can be a significant financial relief for many families. However, during a partial federal government shutdown, there might be some uncertainty, especially for those waiting to receive their federal refunds. Triston Hastie Grant, a certified financial planner and the president of Waterstone Wealth Management, indicates that […]
New York Republicans encourage Hochul to support scholarship tax incentives despite opposition from teachers’ unions
New York House Republicans Push for Tax Credit Scholarship Program House Republicans in New York are urging Governor Kathy Hochul to adopt a federal tax credit scholarship program specifically for New York City. This request has stirred up tensions with prominent teachers’ unions. To date, the Democratic governor has declined to endorse a plan that […]
Average tax refunds are more than 10% bigger this filing season.
Tax Refund Update for 2026 Filing Season Americans are seeing an uptick in their tax refunds this year. Interestingly, while the average payment amount for the 2026 filing season is higher than the previous year, the rate of filing has slowed down noticeably in the initial weeks. According to recent IRS data, the average tax […]
Hochul directs $1.5 billion to NYC as partial support following Zohran Mamdani’s requests for a tax increase
Hochul Commits $1.5 Billion to New York City as Budget Woes Loom Governor Kathy Hochul is allocating another $1.5 billion in taxpayer funds to New York City, aiding Mayor Zoran Mamdani, who is actively calling for increased taxes on wealthy residents. On Monday, Hochul unveiled plans for an extra $1 billion in this fiscal year, […]
Your Nearby ‘Non-Profit’ Hospital Might Be Taking Advantage of the Tax System—And You’re Covering the Costs
When you seek treatment at a nonprofit hospital, it’s easy to assume that the institution is genuinely acting as a charity, benefiting from tax exemptions in return for community service. However, this assumption might not be entirely accurate. The IRS grants hospitals tax-exempt status, but only after they meet somewhat ambiguous criteria. Meanwhile, taxpayers help […]
Has Ohio resolved its property tax issues? Reasons homeowner struggles might continue
Updated February 15, 2026 at 9:45 a.m. ET Ohio homeowners are expressing worries about increasing property taxes, even though lawmakers enacted tax cuts last year. Critics claim that the new tax credits fall short, as many homeowners are facing tax hikes that greatly surpass the relief offered. There are ongoing efforts to introduce a constitutional […]
Tax season has arrived. Here’s what to understand for easy filing.
Tax Season Tips and Updates NEW YORK — Tax season has officially begun, and you’ll need to submit your return to the IRS by April 15th. To alleviate the stress of last-minute filing, it’s wise to start getting organized as soon as possible. “You don’t want to procrastinate, but rushing isn’t necessary either,” shared Tom […]