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 […]
Kosciusko County Auditor Provides Information on Tax Deductions, Exemptions, and Credits
news release WARSAW – Kosciuszko County Auditor Alyssa Schumacher wants to update taxpayers on some changes to deductions, exemptions, and credits that were recently approved by the Indiana General Assembly. This change affects property taxes for 2026, which will be paid in 2025, and adjustments will be made over the next five years. Given the […]
Larry Page considers leaving California due to the millionaire tax.
California’s Wealthy Consider Leaving Over Potential Tax Reports indicate that Google co-founder Larry Page is planning to leave California in light of a proposed billionaire tax aimed at ultra-wealthy residents eager to protect their assets. Page, alongside venture capitalist Peter Thiel, is among several billionaires seeking to distance themselves from the state. This is largely […]
2026 tax brackets established by the IRS. Here’s what we understand.
The Internal Revenue Service has revealed the updated tax brackets for the 2026 tax year, alongside modifications to the standard deduction and various credits, including the earned income tax credit and inheritance tax credit. This update will come into effect for taxpayers when they file their 2027 returns. What does the new tax structure look […]
Tech and Crypto Billionaires Caution About a Move from California Due to Proposed 5% ‘Unrealized Gains’ Wealth Tax
Concerns Over California’s 2026 Millionaire Tax Bill Key players in the tech and cryptocurrency sectors are raising concerns about a proposed millionaire tax in California set for 2026. This ballot initiative seeks to impose a one-time 5% tax on net worth exceeding $1 billion, including unrealized gains from assets, aimed at funding state services. Critics […]
Child Tax Credit: Anticipations for 2026
As tax season nears, families are getting ready for updates to the child tax credit. The review approved last summer secures higher benefit amounts, specifies eligibility, and revises how parents can claim credits for 2026. While a lot of what’s in place looks familiar, some details could impact how much money families get and when. […]
Modifications to Ohio’s property tax regulations will influence your bill: Timing and details
Ohio’s Property Tax Overhaul: What to Expect COLUMBUS, Ohio — A new $3 billion plan in Ohio aims to transform property taxes, with a focus on reducing some bills, revising how taxes are computed, and curbing the drastic tax increases that have hit homeowners lately. However, the immediate benefits may not be so obvious. These […]
California’s ‘Billionaire Tax’ Sparks Fear Among the Wealthy Despite Not Being On the Ballot Yet
Top Line A proposed ballot measure in California aimed at taxing the state’s wealthiest individuals might prompt billionaires like Larry Page and Peter Thiel to relocate. Although this measure has sparked criticism from other affluent residents, its proponents argue it could raise as much as $100 billion. However, the proposal has yet to be reviewed […]
The Biggest Error I Notice with Clients: How Minor Financial Decisions Can Result in Large Tax Bills
Tax Surprises: What You Need to Know Tax surprises often don’t stem from one single choice; more commonly, they accumulate through numerous smaller decisions. Before making moves like selling investments, withdrawing from retirement accounts, or filing jointly without careful planning, it’s wise to consult with a certified public accountant or financial advisor. Timing your tax […]
Scott Bessent anticipates a significant tax refund year for American families
Treasury Secretary Predicts Big Tax Refunds Ahead This week, Treasury Secretary Scott Bessent shared his thoughts on upcoming tax refunds, predicting that they will be quite substantial during the next filing season due to the new tax cuts from what President Trump refers to as the One Big Beautiful Bill Act. On the “All In […]