‘Bitcoin Jesus’ reaches agreement with Trump administration to settle US tax issues
Roger Ver has struck a deferred prosecution deal with the Justice Department. Former Attorney General Barr had sought President Trump’s assistance in the matter. Prosecutors allege he avoided paying at least $48 million in taxes. On October 14, a well-known cryptocurrency supporter, often referred to as the “Yes of Bitcoin,” has agreed to pay nearly […]
What you can earn in 2026 while still avoiding capital gains tax
D3 Sign | Moment | Getty Images The IRS has revealed the capital gains tax brackets for 2026, along with increased income limits for the 0% tax rate. Financial experts suggest this change might open up some tax planning strategies for a variety of investors. Tommy Lucas, a certified financial planner from Moisand Fitzgerald Tamayo […]
GM anticipates a $1.6 billion loss after the federal EV tax credit program concludes.
General Motors Faces $1.6 Billion Costs Amid EV Strategy Shift General Motors (GM) announced on Tuesday that it anticipates incurring costs of $1.6 billion in the third quarter as it reassesses its electric vehicle (EV) strategy, driven by decreasing demand associated with the expiration of the federal EV tax credit. This decision comes as automakers […]
Vance claims ACA tax credits encourage fraud
Vice President Vance stated on Sunday that the subsidies from the Affordable Care Act (ACA) are contributing to waste and fraud in the insurance sector, as Republicans dismiss Democratic calls to prolong tax credits before next month’s public offering. “Naturally, some people should receive tax credits, but we think they often lead to a lot […]
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 […]