Should every state get rid of income tax? The debate on growth and freedom
During the COVID-19 pandemic, countless Americans chose to relocate, often seeking sunshine, more freedom, and perhaps, lower taxes. Many fled from states like New York to Florida, or California to Texas, highlighting a trend: people are increasingly concerned with minimizing their tax burdens when deciding where to live. When we look at state income taxes, […]
IRS implements significant change in handling tax returns: What to expect next
IRS Phases Out Paper Check Tax Refunds The Internal Revenue Service has decided to stop offering taxpayers the option to receive refunds as mailed checks. This change marks a significant shift in how refunds are processed. According to statements from the IRS and the U.S. Treasury, the transition away from paper checks has officially begun. […]
Following their pension victory, France’s Socialists target a tax on billionaires in the budget.
October 14, 2025, Paris, France Olivier Fauré, the Member of Parliament and First Secretary of the French Socialist Party, is pushing to include a wealth tax on billionaires in the 2026 budget. This initiative comes as discussions ramp up within parliament, particularly after Prime Minister Sébastien Lecornu made significant concessions regarding pension reforms. During a […]
South Barrington woman seeks Cook County property tax refund a year after proving assessor’s error
Property Tax Refunds Delayed in Cook County In South Barrington, Illinois, a significant amount of property tax refunds in Cook County are currently stalled, primarily due to delays in updating the county’s computer systems. One homeowner, Sherry Schnell, has been waiting for over $9,000 in refunds, even though her issues began years before these system […]
Essential information on applying for property tax exemptions in Wyoming
Wyoming is currently accepting applications for various property tax relief programs aimed at veterans, long-term homeowners, and properties occupied by their owners. Dixie Huxtable, Converse County Clerk and Chair of the Wyoming County Assessor Association Legislative Committee, discussed some key points homeowners should consider to save on taxes. Property taxes have increasingly garnered attention from […]
Inflation leads to adjustments in tax brackets. Where do you stand?
The IRS has published the inflation-adjusted tax figures for 2026. These adjustments reflect an inflation rate of 2.7%, which is a bit lower than the current rate. This year’s budget changes enable taxpayers to claim a larger personal deduction. Ongoing inflation is pushing up the costs of essential goods and various services. This can actually […]
‘Bitcoin Jesus’ reaches agreement with Trump administration to settle US tax issues
Roger Ver has struck a deferred prosecution deal with the Justice Department. Former Attorney General Barr had sought President Trump’s assistance in the matter. Prosecutors allege he avoided paying at least $48 million in taxes. On October 14, a well-known cryptocurrency supporter, often referred to as the “Yes of Bitcoin,” has agreed to pay nearly […]
What you can earn in 2026 while still avoiding capital gains tax
D3 Sign | Moment | Getty Images The IRS has revealed the capital gains tax brackets for 2026, along with increased income limits for the 0% tax rate. Financial experts suggest this change might open up some tax planning strategies for a variety of investors. Tommy Lucas, a certified financial planner from Moisand Fitzgerald Tamayo […]
GM anticipates a $1.6 billion loss after the federal EV tax credit program concludes.
General Motors Faces $1.6 Billion Costs Amid EV Strategy Shift General Motors (GM) announced on Tuesday that it anticipates incurring costs of $1.6 billion in the third quarter as it reassesses its electric vehicle (EV) strategy, driven by decreasing demand associated with the expiration of the federal EV tax credit. This decision comes as automakers […]
Vance claims ACA tax credits encourage fraud
Vice President Vance stated on Sunday that the subsidies from the Affordable Care Act (ACA) are contributing to waste and fraud in the insurance sector, as Republicans dismiss Democratic calls to prolong tax credits before next month’s public offering. “Naturally, some people should receive tax credits, but we think they often lead to a lot […]