Increase in LA sales tax sanctioned — to be decided by voters in June
Los Angeles County Supervisors Approve Sales Tax Increase Los Angeles County supervisors have recently taken steps to introduce a new sales tax, which would increase the cost of various everyday items like groceries, dining, and shopping for residents. The move aims to generate funds amidst looming federal cuts to health services. However, this tax quickly […]
Close to a million residents in Pennsylvania will be eligible for a new earned income tax credit in 2026.
New Tax Credit for Pennsylvania Families As tax season kicks into gear, officials and advocates are highlighting a new state tax credit expected to provide substantial financial relief for working families this year. Starting in 2026, nearly a million residents in Pennsylvania will qualify for the Working Pennsylvania Tax Credit. This initiative, recently enacted as […]
If you purchased a new car last year, you may be eligible for this tax benefit. Here are the details.
New Tax Break for Car Buyers Offers Loan Interest Deduction If you joined the ranks of new car owners in the past year, there’s a tax break that might help you out. This deduction allows you to claim the interest paid on car loans. This deduction was part of the Republican Party’s “Big and Beautiful […]
The White House Reveals Public Opinions on Trump’s Tax Reductions
White House press secretary Caroline Levitt discussed feedback from Americans regarding President Trump’s Working Families Tax Cut, highlighting that some claimed it saved them significant amounts of money. Trump asserted that the tax cuts featured in his “One Big Beautiful Bill” would deliver “immense” advantages to filers this tax season, as noted by a report […]
Lower tax rates drive US stock market surge from 800 to 50,000 Dow milestone
Reflections on Economic Growth When I arrived in Washington back in 1982, the Dow Jones was at a mere $800. It sounds unbelievable, but you really can check it out. If someone had suggested that, in just over 40 years, the Dow would soar past $50,000, they might have been dismissed as unrealistic. Yet, U.S. […]
Wealthy Californians moving to Las Vegas as a wealth tax approaches
Wealthy homebuyers from California are increasingly migrating to Las Vegas. Many are opting to move to the outskirts to protect and grow their wealth as the state discusses potential tax policies targeting the affluent. By the end of 2025, data from Realtor.com® highlights that Los Angeles is the leading source of out-of-state demand for Las […]
Anticipating a large tax refund? One overlooked detail might delay your funds for weeks.
Recent modifications in the tax law under the 2025 One Big Beautiful Bill could lead to many Americans seeing tax refunds this year, particularly due to new deductions related to tips and overtime. “This bill was passed in July,” Treasury Secretary Scott Bessent noted. “Working Americans can expect large refunds in the first quarter since […]
6 important points to consider before submitting your 2025 tax return
The Trump administration’s significant legislation, known as the ‘One Big Beautiful Bill Act,’ is projected to lower individual taxes by $129 billion by the year 2025, as reported by the Tax Foundation, a tax research organization based in Washington, DC. They estimate that the average taxpayer could see a reduction of about $611, although the […]
Local officials advocate for a tax increase that will elevate costs for groceries, dining, and shopping.
Two officials from Los Angeles County are advocating for a new tax increase that would raise the cost of virtually all purchases in the area, from shopping to dining out. Supervisors Hilda Solis and Holly Mitchell have proposed a half-cent consumption tax, suggesting it could help address upcoming federal cuts in health funding that threaten […]
85,000 Pennie customers canceled health plans as tax credits decreased and costs increased.
Pennsylvania’s ACA Marketplace Reports Significant Coverage Loss Pennsylvania’s Affordable Care Act Marketplace shared on Monday that approximately 85,000 individuals who enrolled in low-cost plans in 2025 did not renew their coverage this year. This drop follows the expiration of the expanded tax credits that previously helped lower costs for consumers. With premiums increasing, on average, […]