Teaneck Tax Preparer Convicted in $170 Million COVID Tax Refund Fraud
New Jersey Tax Official Convicted for Fraudulently Securing COVID-19 Tax Refunds A federal jury has found a New Jersey tax official guilty of orchestrating a scheme that defrauded the IRS out of over $170 million through fraudulent COVID-19 tax refunds, as announced by Acting U.S. Attorney Alina Haba. Leon Haynes, 52, from Teaneck, faces multiple […]
Ways to lower your home’s value and steer clear of the ‘mansion tax’
Ah, so you’re a child of the ’90s who used to dream of living in a place like that. With a glamorous pool and an extravagant chandelier to boot, it seemed within reach, right? But now, with the looming tax increases hinted at in the Budget on November 26, it seems like people are leaning […]
Ohio Senate includes $400 million for homeowner assistance as property tax legislation awaits governor’s approval
Ohio Homeowners to See Reduced Property Taxes In Columbus, Ohio, homeowners are set to benefit from new changes to property tax laws that will soon be presented to the governor. Recently added to House Bill 186, the amendment aims to extend the owner-occupancy tax credit over the next four years. This is expected to provide […]
Ray County woman receives tax relief after being taxed for a non-existent basement.
Property Tax Relief for Teresa Blakeman Teresa Blakeman is set to receive some much-needed property tax relief after being taxed for nearly two decades on a basement she never actually owned. This situation came to light when Blakeman was in the process of purchasing home insurance. She discovered an error in her property tax assessment […]
New inheritance tax regulations might harm businesses, entrepreneur warns.
Concerns Over New Inheritance Tax Rules for Family Businesses A significant shift in inheritance tax regulations is raising alarms for family-owned businesses. Entrepreneur Alex Robben, who founded Wrexham’s Net World Sports, expressed his worries about the company’s potential liabilities from reforms that could reach the “tens of millions of dollars.” He termed these impending changes […]
Wisconsin family prepares for the impact of losing ACA tax credits
Wisconsin Woman Prepares for Loss of Affordable Care Act Tax Credits MADISON, Wis. — A woman from Wisconsin, who relies on health insurance provided by the Affordable Care Act, is bracing for the expiration of her tax credits next year. “This is going to hurt our family,” Shana Verstegen, a fitness instructor and mother from […]
The reason the ACA subsidy cliff is considered a ‘phantom tax’ and ways to evade it.
Impending Return of the ACA Subsidy Cliff and How to Navigate It The Affordable Care Act’s subsidy cliff, which affects health insurance premiums, is set to return in 2026. This may sound alarming, but financial planners have suggested some ways households can avoid this pitfall and potentially save thousands in insurance costs next year. So, […]
Young people in debt, older ones benefiting from tax breaks — this is America’s housing situation.
Since 2021, owning a home has become less accessible for many Americans, thanks to steep increases in both home prices and interest rates. Recently, President Trump suggested introducing a 50-year mortgage as a potential solution to the ongoing affordability issues in the housing market. He shared a meme on Truth Social, likening himself to Franklin […]
Blakeman refers to Hochul’s corporate tax proposal as a ‘burden on middle-class families’
Potential Gubernatorial Bid from Nassau County Executive Nassau County Executive Bruce Blakeman is reportedly considering a run for governor. Meanwhile, Governor Kathy Hochul is said to be contemplating an increase in corporate taxes, a move criticized by a New York Republican as a “tax on the middle class.” Blakeman mentioned he will decide on his […]
Upcoming tax changes for 2026
Changes Coming for Upcoming Tax Season PORTSMOUTH, Va. – This year, it seems we should brace ourselves for some significant shifts during the upcoming tax season. A lot of this is linked to the passing of what some are calling the “One, Big, Beautiful Bill,” which is set to take effect in early 2026. One […]