Crowd jeers at Governor Hochul with ‘Tax the Rich’ chant during Zohran Mamdani’s NYC rally with AOC and Sanders
Hochul Faces Hecklers at “New York Is Not For Sale” Rally Governor Kathy Hochul encountered some pushback from a crowd chanting “Taxes to the rich!” during her appearance at Zoran Mamdani’s rally in Queens on Sunday night. The event, titled “New York Is Not For Sale,” attracted a large audience to the 13,000-seat Forest Hills […]
How Trump’s laws regarding charitable tax deductions might affect your giving timing
As the year winds down, many people are gearing up for the holiday season and thinking about giving. However, before you start donating, it’s crucial to understand some upcoming changes in the tax laws that could influence how much you can benefit from your charitable contributions. Significant modifications to the charity tax deduction are on […]
The IRS Will Strip Certain Workers Aged 50 and Older of a Significant Tax Benefit Next Year
Savers should brace for potentially higher taxes starting in 2026. It’s no secret that saving for retirement can be challenging, especially when you’re younger. Limited income and immediate obligations often push retirement savings to the back burner. This can create a bit of a catch-up game later on, though there are ways to address it, […]
Bigger tax refunds anticipated in 2026 due to Trump tax law and IRS delay
Potential Tax Refund Changes in 2026 According to a recent economist’s report, the tax and spending bill signed by President Donald Trump in July could lead to significant tax refunds or lower tax bills for Americans, particularly for wealthier individuals, in 2026. Nancy Vanden Houten, chief economist at the University of Oxford, suggests that up […]
Mamdani brushes aside concerns about NYC tax increases as Cuomo signals a potential city migration.
New York City Mayoral Candidate Zoran Mamdani Defends Tax Plans Zoran Mamdani, a candidate for mayor of New York City, recently dismissed concerns about the impact of his tax strategies, suggesting that critics are making a mountain out of a molehill. During an appearance on the “Andrew Schultz’s Flagrant with Akaash Singh” podcast, he stood […]
Tax credits for the ACA about to end, 20 million will face increased healthcare costs.
Tammy, a resident of Woodhull, Illinois, is facing a significant health insurance premium hike of nearly $600 a month starting next year. Ingrid, from Springfield, is a disabled retiree dealing with cancer treatment. She’s now caught in a tough spot, having to choose between paying $1,400 a month in insurance costs or dropping her health […]
Homestead exemption may reduce tax bills for numerous homeowners.
Housing Reassessment Updates in Lucas County TOLEDO, Ohio – Lucas County is working on correcting issues within its housing reassessment process. There are current efforts to inform locals about various available savings credits. Some of these discounts are particularly aimed at seniors. While they won’t cover all tax expenses, they certainly can provide some relief. […]
Businesses for sale? Trump’s new tax law provides Main Street owners a more profitable way to sell.
Potential Tax Benefits for Small Businesses Under New Law A recent legislative change, known as the One Big Beautiful Bill Act, could offer significant financial advantages for small business owners looking to sell in the near future. Signed into law by President Trump in July, this bill expands the benefits associated with qualified small business […]
Will Massachusetts eliminate its estate tax? It comes down to competition versus fairness.
Calls to Eliminate Massachusetts Estate Tax The main change being sought is the removal of the state estate tax, which applies when someone passes away leaving over $2 million in assets to their heirs. Additionally, the Chamber is advocating for reductions in business taxes and short-term capital gains tax, with references to data indicating Massachusetts […]
Birmingham AI tax software company is growing and plans to hire 66 people.
A financial technology firm located in Birmingham is set to expand, aiming to create 66 new jobs over the next five years in the area. SmartWiz leverages advanced artificial intelligence to enhance the efficiency of tax professionals. This company stands out as one of just 16 IRS-approved tax software providers globally. Interestingly, its founders passed […]