Tax extension submissions are still required by October 15 despite the government shutdown. Here’s what to understand.
IRS Tax Filing Deadline Amid Government Shutdown Even with the U.S. government currently closed, taxpayers who received an extension from the IRS earlier this year must still submit their income tax returns by October 15th. An IRS representative mentioned to CBS News, “Taxpayers should continue to file, deposit, and pay their federal income taxes as […]
Expanded Section 179 tax credit could boost fleet electrification initiatives
Tax Incentives for Electric Vehicles in 2025 After the expiration of the Commercial Clean Vehicle Credit (Section 45W) on September 30th, some industry analysts predicted a slowdown in electric vehicle (EV) sales for the fourth quarter. However, there’s still a lot of information hidden within the Internal Revenue Code, and an enhancement to the Section […]
Government shutdown will not affect October 15 tax extension deadline
Congressman Scott Fitzgerald (R-Wis.) recently spoke on “Morning with Mary” about the ongoing government shutdown. He touched on the widening gap within the Democratic Party and commented on President Donald Trump’s significant efforts toward peace in Israel. Even with the government shutdown still in effect, taxpayers who requested an extension to file their tax returns […]
Essential information on applying for property tax exemptions in Wyoming
Wyoming Property Tax Relief Options Available Wyoming is currently opening its doors for applications related to various property tax relief programs. These include exemptions for veterans, long-term homeowners, and those living in owner-occupied properties. In a conversation with Dixie Huxtable, the Converse County Clerk and Legislative Chair of the Wyoming County Assessor Association, we explored […]
Kyoto addresses overtourism by introducing a new $65 nightly hotel tax beginning in 2026
Kyoto Implements New Tourist Tax to Combat Overtourism As overtourism becomes a pressing concern, Kyoto, Japan’s historic city, is gearing up to take significant action. Starting in March 2026, it will introduce the country’s highest accommodation tax for tourists, aiming to ease overcrowding and preserve local culture. Under this new system, visitors at luxury hotels […]
From Amherst to West Seneca, what will your tax increase be in 2026?
With health care expenses, salaries, and retirement contributions on the rise, municipalities in Erie County are feeling the pinch as they prepare their budgets for 2026. Inflation and soaring contract costs are proving to be tough obstacles for local governments trying to adhere to the state’s tax cap, which places limits on annual property tax […]
Top earners will forfeit 401(k) tax benefits due to significant retirement rule changes beginning in 2026.
A widely-used tax benefit allowing workers close to retirement to make extra contributions will undergo changes next year, limiting access for certain high earners. Recently, the IRS released new guidelines linked to the 2022 legislation, the SECURE 2.0 Act. Starting in the 2026 tax year, individuals with gross incomes of $145,000 or more will be […]
Ohio residents on Obamacare may face increased health costs or loss of coverage if tax credits end.
Many people in Ohio depend on health insurance. If the federal tax credit were to expire, it could lead to a significant hike in premiums or even loss of coverage. Right now, enhanced premium tax credits are a key issue amidst the ongoing government shutdown, with over 24 million individuals, including 583,000 in Ohio, relying […]
Bernie Sanders introduces a ‘robot tax’ in response to AI job risks
Democrats Propose ‘Robot Tax’ Amid Job Replacement Fears A recent Senate report raises alarms regarding the potential impact of artificial intelligence on the job market, suggesting that nearly 100 million jobs in the U.S. could be at risk in the next decade. In response, some Democrats are advocating for a “robot tax” on businesses that […]
New rules eliminate 401k catch-up tax benefit for high earners beginning in 2026
Changes to 401(k) Contributions for High Earners A notable tax benefit for those approaching retirement—specifically the ability to make additional contributions—will see some changes next year, particularly affecting higher-income individuals. Recently, the IRS implemented new guidelines connected to the SECURE 2.0 Act from 2022. Starting in tax year 2026, individuals earning over $145,000 in the […]