Texas Attorney General faces investigation over tax incentives and mortgage fraud
Texas Attorney General Ken Paxton and his wife Angela have owned a $1.5 million home in a gated Dallas community for several years. They also have a couple of other properties, including one in Austin, which they showcased in 2015. However, there’s an issue. The mortgage paperwork they signed inaccurately labeled all three homes as […]
Trump fulfills border closure, Iran, and tax commitments in initial six months
President Donald Trump has made bold claims about closing the borders and addressing inflation. He insists that the border situation is entirely resolved, stating it’s fully closed. There’s, in his view, no necessity for new nationwide regulations as imposed by former President Biden, Vice President Harris, or the Democratic Party. While deportations, even if limited […]
5 Important Tax Changes Advisors Should Be Aware of in 2025
Here we go again! Another year means another tax system to navigate. This time, it’s all about HR1, officially dubbed the One Big Beautiful Bill Act. I don’t want to dive too deep into political territory, but as an advisor, my focus is really on practical implications for our clients. Sure, cutting programs like Medicaid […]
Trump Considering the Elimination of Capital Gains Tax on Home Sales
Trump Discusses Possible End to Capital Gains Tax on Home Sales President Donald Trump recently hinted at the possibility of eliminating the capital gains tax on home sales during a press conference with Philippine President Ferdinand “Bonbon” Marcos Jr. A reporter raised a question about the significance of taxes, particularly in relation to unlocking housing […]
Some businesses provide paid tax assistance while local officials claim it’s available for free.
In response to concerns, the tax secretaries from Cobb, Fulton, and DeKalb counties decided it was important to let residents know that certain services are available at no cost from the county. “We want to emphasize that these services are free for taxpayers and homeowners; all you need to do is visit the tax office,” […]
When does the tax exemption on overtime and tips begin in Washington state? Are you qualified?
With President Donald Trump’s recent spending and cleaning bills now law, there’s some curiosity in Washington about the implications for workers. For instance, will regulations like “no tax on tips” or “no tax on overtime” be effective? So, let’s break down what’s in the federal tax credits introduced by this so-called “big beautiful bill” and […]
Lawmakers analyze immigration enforcement funding in Trump’s new tax legislation
President Donald Trump’s significant new legislation, referred to as the “Big Beautiful Building,” was enacted earlier this month, marking what many Republican lawmakers are calling a major triumph for the GOP through substantial tax and spending measures. The law allocates billions in funding aimed at immigration enforcement, with about $30 billion designated specifically for Immigration […]
Republican group initiates advertising campaign promoting Trump’s ‘Working Family Tax Cuts’
Republicans Roll Out Major Ad Campaign for Tax Cuts A prominent political group supporting Senate Republicans is kicking off a significant advertising campaign focused on the “Working Family Tax Cuts” included in the recently passed GOP domestic policy package. One Nation, a public policy organization associated with Senate Majority Leader John Thune, commends Senate Republicans […]
Trump suggests he might remove the capital gains tax on home sales
Trump Considers Ending Capital Gains Tax on Home Sales In Washington, President Trump mentioned on Tuesday that he is contemplating the removal of the capital gains tax for home sales. During a meeting in the Oval Office with Philippine President Ferdinand Marcos Jr., Trump shared his views with reporters, stating, “We don’t think there’s any […]
Cities Where Middle-Class Families Face the Highest and Lowest Income Tax Burdens
Key takeout Location matters State policies and local living costs vary greatly across the United States, influencing the income tax burden. The national average effective tax rate for middle-class families stands at 13.6%, equating to an average yearly tax bill of $15,522. Major coastal cities like San Francisco, San Jose, and New York have the […]