Upcoming tax changes in 2026: Important information to consider before the end of the year
Some significant tax changes are coming that could influence your earnings for 2025 and your overall financial planning. With the One Big Beautiful Bill Act (OBBBA) rolling out new provisions and important deadlines approaching, understanding these changes is crucial for making the most of available opportunities. Key tax changes to be aware of Signed into […]
End-of-year tax strategies may help you save money before 2025 wraps up.
As we approach 2026, there are a few strategies you might consider to save on taxes before the new year rolls around. With just a few hours left in 2025, taking some quick actions can keep more cash in your wallet. According to tax expert Brian Lake, one effective approach is to engage in charitable […]
Understanding California’s billionaire tax
Taxation has a way of rallying tech giants. Recently, in California, a ghost of a proposed “Millionaire Tax” gained traction, and let’s just say, it didn’t sit well with a lot of influential figures. Take Company X, for example, which speculated about a grim future if the proposal passes in November. Palmer Luckey, the founder […]
Tax on tips in New York uncertain
Tax Exemption on Tips Under New Law ROCHESTER, N.Y. — When the “One Big Beautiful Bill Act” was enacted on July 4, it introduced a significant tax exemption for tips. This new law allows specific employees—like housekeepers, hairdressers, restaurant staff, and bartenders—to deduct qualified tips from customers, with a limit of $25,000 per year, effective […]
Elon Musk’s attorney advises Gavin Newsom to eliminate the billionaire tax.
Elon Musk’s Lawyer Critiques Proposed California Wealth Tax Elon Musk’s attorney, Alex Spiro, has joined the ranks of billionaires voicing concerns about a potential wealth tax in California. He’s urging Governor Gavin Newsom to reconsider the proposal, fearing it could drive wealthy residents away from the state. In a letter dated December 11, Spiro argued […]
Upcoming tax changes in 2026: What to understand before the end of the year
Several significant tax changes are expected to affect your earnings and financial plans for 2025. With new provisions from the One Big Beautiful Bill Act (OBBBA) set to take effect and important deadlines approaching, it’s crucial to grasp what’s altering and how these changes could work in your favor. Key Tax Changes to Be Aware […]
Tech Founders Criticize Suggested California Wealth Tax, Caution About Possible Departure
A proposed wealth tax in California targeting billionaires has drawn significant backlash from tech leaders in the state. Some, like Palmer Lackey, a notable conservative entrepreneur, fear the consequences if the tax goes into effect, stating, “One market correction, one nationalization event, one divestment ban (which can happen during wartime) and I’m in big trouble […]
Fewer than 48 hours remain in 2025. Use this time to reduce your tax burden.
December 30, 2025, 12:34 PM ET Tax Reduction for 2 Days Only If you haven’t already thought about maximizing your tax savings for 2025, there might still be a window—albeit a narrow one. I mean, you’ve got less than 48 hours left to make the most of these opportunities. One good tip: thanks to the […]
Importance of making a January property tax payment for Nevada property owners
As January nears, officials in Carson City are reminding local homeowners that the deadline for property tax payments—set by Nevada law—is just around the corner. The Treasurer’s Office in Carson City has announced that the third installment of this year’s property taxes must be paid by Monday, January 5, 2026. The property tax year spans […]
IRS raises the business mileage tax deduction rate by 2.5 cents for 2026
Wall Street Predictions and Mileage Tax Deductions The Big Money Show panel will delve into Wall Street’s ambitious forecasts for 2026, exploring how the AI boom might alter the economic landscape and the potential market rally driven by President Donald Trump’s policies. In an update from the Internal Revenue Service (IRS), those who rely on […]