Families confront difficult decisions as Affordable Care Act tax credits end.
Impact of Expiring Health Insurance Tax Credit in Colorado DENVER — A significant tax credit that has assisted many Coloradans in obtaining health insurance is set to expire on Wednesday, as Congress chose not to renew it. This decision poses a challenge for numerous residents, who may now experience steep increases in their insurance premiums. […]
Bill Ackerman cautions that California’s wealth tax would be disastrous.
Billionaire Hedge Fund Manager Warns of Potential Exodus from Silicon Valley Silicon Valley, often regarded as the heart of global innovation and home to many top tech firms, might face a significant downturn, according to billionaire hedge fund manager Bill Ackman. Ackman expressed concern to the Post, stating, “It would be devastating for California. All […]
Upcoming tax changes in 2026: What you should be aware of before the year’s end
Several significant tax changes are coming that may affect your earnings in 2025 and even your long-term financial plans. With the new provisions of the One Big Beautiful Bill Act (OBBBA) set to kick in, and important deadlines approaching, it’s really a good idea to get a grasp on what’s shifting and how to leverage […]
California servers are frustrated over the state’s rejection of a ‘no tax on tips’ policy.
California, a blue state, has decided against adopting President Trump’s “tipping tax exemption.” However, many servers and bartenders in the state don’t seem to support this decision. “Without taxes, I’d see more money in my pocket,” remarked Alex Frost, a bartender at Baja Cantina in Marina del Rey. He expressed his confusion about the reasoning […]
Upcoming tax changes in 2026: Important information to consider before the end of the year
Some significant tax changes are coming that could influence your earnings for 2025 and your overall financial planning. With the One Big Beautiful Bill Act (OBBBA) rolling out new provisions and important deadlines approaching, understanding these changes is crucial for making the most of available opportunities. Key tax changes to be aware of Signed into […]
End-of-year tax strategies may help you save money before 2025 wraps up.
As we approach 2026, there are a few strategies you might consider to save on taxes before the new year rolls around. With just a few hours left in 2025, taking some quick actions can keep more cash in your wallet. According to tax expert Brian Lake, one effective approach is to engage in charitable […]
Understanding California’s billionaire tax
Taxation has a way of rallying tech giants. Recently, in California, a ghost of a proposed “Millionaire Tax” gained traction, and let’s just say, it didn’t sit well with a lot of influential figures. Take Company X, for example, which speculated about a grim future if the proposal passes in November. Palmer Luckey, the founder […]
Tax on tips in New York uncertain
Tax Exemption on Tips Under New Law ROCHESTER, N.Y. — When the “One Big Beautiful Bill Act” was enacted on July 4, it introduced a significant tax exemption for tips. This new law allows specific employees—like housekeepers, hairdressers, restaurant staff, and bartenders—to deduct qualified tips from customers, with a limit of $25,000 per year, effective […]
Elon Musk’s attorney advises Gavin Newsom to eliminate the billionaire tax.
Elon Musk’s Lawyer Critiques Proposed California Wealth Tax Elon Musk’s attorney, Alex Spiro, has joined the ranks of billionaires voicing concerns about a potential wealth tax in California. He’s urging Governor Gavin Newsom to reconsider the proposal, fearing it could drive wealthy residents away from the state. In a letter dated December 11, Spiro argued […]
Upcoming tax changes in 2026: What to understand before the end of the year
Several significant tax changes are expected to affect your earnings and financial plans for 2025. With new provisions from the One Big Beautiful Bill Act (OBBBA) set to take effect and important deadlines approaching, it’s crucial to grasp what’s altering and how these changes could work in your favor. Key Tax Changes to Be Aware […]