30 million benefit from ‘No Tax on Tips, Overtime’
Tax Credits for Tipped Wages and Overtime Pay Highlighted by Treasury Secretary JEFFERSON VALLEY, N.Y. — On Friday, Treasury Secretary Scott Bessent emphasized the Trump administration’s tax credits related to tipped wages and overtime pay, noting that close to 30 million Americans are benefiting from this initiative. The “tip exemption” and “overtime tax exemption” deductions […]
Tennessee Considers Tax on Money Transfers Sent Abroad by Migrants
Tennessee Proposes New Tax on Money Transfers Abroad Tennessee is moving forward after a legislative attempt to impose a tax on U.S. dollars transferred overseas by immigrants did not pass. House Bill 2502/Senate Bill 2166, put forth by Republican House Speaker Cameron Sexton and Republican Senator Beau Watson, aims to levy a $10 fee on […]
Average tax refund is 11% greater, recent IRS filing data reveals
Tax Refunds Rise This Season The average tax refund this season has increased by 11.1% compared to the same period last year, based on recent data from the IRS. As of April 3rd, the average amount for individual filers reached $3,462, up from $3,116 last year, according to a report from the IRS on Friday. […]
Property tax rates differ significantly among communities in New Hampshire, according to a study.
Property Tax Disparities in New Hampshire A recent study reveals significant discrepancies in property tax bills throughout New Hampshire. Remarkably, in some instances, taxes can differ by thousands of dollars between neighboring towns. For example, Concord boasts one of the highest tax rates for properties exceeding $500,000, while those in the nearby town of Webster […]
Homeowners in the U.S. dealt with increasing property tax challenges in 2025, report reveals
Property Tax Burdens Rise for Homeowners Homeowners across the U.S. are feeling the pinch as mortgage costs surge. New information indicates that property tax pressures increased last year, with details shared by analytics firm ATTOM. The report highlights that by 2025, the property tax rate is expected to rise to 0.9%, up from 0.86% in […]
The impact of filing separately as a married couple on Trump’s tax benefits this season
Tax Filing Options for Couples: Joint vs. Separate Every year, couples face the choice of whether to file their taxes together or separately. This decision can significantly impact their tax situation, particularly in light of changes introduced during Donald Trump’s administration. Typically, tax laws favor those who file jointly. When couples do this, they combine […]
Indiana Governor Braun proposes a 30-day gas tax suspension in the state.
Indiana Governor Suspends Fuel Use Tax Amid Rising Prices Governor Mike Braun of Indiana, a Republican, announced on Wednesday a temporary 30-day suspension of the state’s 7% fuel use tax to help alleviate the financial strain on residents caused by increasing fuel costs. “I am declaring a gas tax exemption to relieve Hoosiers of the […]
Five tax errors that could lead to significant costs for Americans before April 15
Tax Season Approaches: Common Mistakes Costing Americans The deadline of April 15 for tax filings or extension requests is nearing, raising awareness about frequent errors that can lead to financial losses for Americans throughout the year. A report from GOBankingRates examines five tax-related mistakes that can cost taxpayers thousands annually. These common pitfalls include neglecting […]
Larger tax refunds: Is it wise to use yours for purchasing a car?
Rising Car Prices Prompt Tax Refund Reliance From auto exhibitions to dealership floors, the consensus is clear: new cars are surprisingly pricey these days. This trend has led more car buyers to depend on their tax refunds. “It doesn’t hurt,” said buyer Lauren Brausch. In February, Kelley Blue Book indicated that the average new car […]
Stephen Moore: Prove It – Trump Tax Cuts Help the Middle Class
Democrats have been criticizing President Donald Trump’s Big Beautiful Act of 2025, labeling it as a tax cut for the wealthy. However, data reveals that the average household is set to gain approximately $2,000 in tax reductions this year. All Democratic members of Congress opposed the legislation, pointing to what’s being called a “middle-class affordability […]