Three ways to reduce your tax bill in 2025
You’ve probably heard of the well-known book How to Win Friends and Influence People by Dale Carnegie. Honestly, I might be tempted to write my own take titled How to Lose Friends and Bore People. The premise is pretty straightforward: if you drone on about a certain subject long enough, well, good luck getting invited […]
Home energy improvement tax credits end on December 31
Deadline Approaches for Energy Tax Credits Homeowners have less than two months to benefit from valuable tax credits linked to energy-efficient upgrades, which will end on December 31st. Interestingly, some renters might also be eligible for these credits. The Energy Efficient Home Improvement Credit and the residential clean energy credits are designed to support those […]
Over 300,000 people in Massachusetts may face higher health insurance costs if federal tax credits end.
Concerns Over Health Insurance Assistance in Massachusetts Over 300,000 residents in Massachusetts may face the loss of some or all health insurance assistance if federal tax credits lapse. This situation arises amidst ongoing negotiations related to a government shutdown. As it currently stands, there’s no agreement in place specifically addressing health care costs, although a […]
4 Savvy Strategies to Reduce Your 2025 Tax Bill with Updated Regulations
The One Big Beautiful Bill Act: What You Need to Know Before Year-End The One Big Beautiful Bill Act, which became law in July 2025, introduced significant changes to the tax framework we’ve been waiting for. But now, as we get closer to the end of the year, it’s crucial to shift our focus to […]
New York and New Jersey have lost almost $700 billion from their tax base since 2013, according to a report.
Tax Revenue Losses in New York and New Jersey Ed Ra, a lawmaker from New York and the ranking member of the Assembly Ways and Means Committee, is contemplating the future of Mayor-elect Zoran Mamdani’s tax initiative. A recent analysis indicates that New York and New Jersey have faced significant losses in tax revenue, amounting […]
Billionaires are offering Bitcoin ETFs to achieve significant tax advantages, according to an analyst
Bitcoin whales are starting to sell off their holdings as they look to reinvest in exchange-traded funds (ETFs) that come with significant tax advantages, according to Martin Hiesboec, who heads research at Uphold, a cloud-based financial services platform. In a recent post on X, Hiesboec explained why long-term crypto holders are opting to sell. The […]
Climate lawsuit may serve as a hidden ‘carbon tax,’ according to attorney
Climate Change Lawsuit Draws Attention and Controversy A significant climate change lawsuit, potentially heading to the Supreme Court, is being labeled by some as a covert “carbon tax.” This assertion came from a climate change lawyer involved in the case during a recent legal discussion. O.H. Skinner, the executive director of the Alliance for Consumers, […]
Tesla shifts to rentals as sales decline in the US after EV tax credit ends
Tesla is shifting its strategy, moving from car sales to rentals as demand in the U.S. has significantly dropped. They’re now rolling out short-term rental options at their locations amid rising inventory levels. The new service started quietly in early November at stores in San Diego and Costa Mesa, California. This shift comes after Tesla’s […]
Trump reinforces $2K tariff payments, while Bessent warns that ‘dividend’ may translate to tax reductions.
Trump Pushes for $2,000 Tariff Refunds Despite Treasury Secretary’s Concerns President Trump has reiterated his call for sending $2,000 tariff refund checks to Americans, despite Treasury Secretary Scott Bessent seemingly dampening enthusiasm for the proposal. In a post on Truth Social this past Sunday, Trump declared that the funds generated from tariffs would help provide […]
What Diners Should Know About the ‘No Tax On Tips’ Rule Coming to Restaurants
A provision in President Trump’s One Big Beautiful Bill Act allows some workers, including restaurant staff, to deduct up to $25,000 annually in “qualified tips.” This change will affect those employees from 2025 to 2028, introducing updates to existing practices in many restaurants. One significant alteration involves mandatory tips—often seen on checks for larger groups—that […]