Chicago increases hotel taxes to finance tourism marketing efforts for Choose Chicago
Chicago Increases Hotel Taxes Amid Tourism Push Just when things in Chicago seemed like they couldn’t get any more bizarre, a new development has surfaced. The city is set to raise hotel taxes in an effort to boost tourism. Ordinance 2026-0022544 aims to take hotel taxes from 17.5% to 19%, with the extra funds directed […]
All paths point to taxes at Leisure World Democratic Club executive forum
Montgomery County Executive Candidate Forum Highlights Tax Discussions During the Montgomery County Executive Candidate Forum, held Thursday night at Leisure World Community in Silver Spring, the conversation circled back to tax rates repeatedly. This forum was the first since County Executive Mark Elrich (D) revealed an $8 billion operating budget for fiscal year 2027. Elrich […]
Iran Is Thinking About Charging Tolls and Taxes for Shipping in the Strait of Hormuz
Iran Considers Toll Plan for Ships in the Strait of Hormuz Somayeh Rafiei, a member of Iran’s Parliament, shared with the Iranian Student News Agency (ISNA) on Thursday that some lawmakers are weighing a proposal to impose tolls on vessels navigating the Strait of Hormuz. This comes amid Iran’s ongoing, aggressive actions against international shipping […]
Steps to take advantage of the new car loan interest deduction for your 2025 taxes
Ed Yardeni, president of Yardeni Research, discusses the future of tax refunds and the concept of “making money.” This tax season, a new tax reduction is available for individuals taking out auto loans on specific vehicles. Last year, Republicans pushed the One Big Beautiful Bill Act (OBBBA) through Congress using the reconciliation process, and the […]
Republican senator proposes to reduce California’s high gas taxes
Republican Senator Tony Strickland from California has put forth an urgent proposal aimed at significantly reducing gas taxes, claiming it could save drivers over $1 per gallon. Surprisingly, some Democrats have also shown support. Strickland’s bill suggests that by temporarily suspending four different taxes and fees—including those linked to California’s green energy initiatives—drivers could save […]
The biggest retirement error that could lead to costly unnecessary taxes
Retirement Planning Mistakes to Avoid Experts warn that a major pitfall in retirement planning is affecting many Americans, leading to substantial overpayments annually. Tyson and Ryan Tucker from BOSS Retirement Solutions have helped over 50,000 families navigate their retirement plans and they highlight this issue regularly. Ryan points out that it’s a topic that’s often […]
Lawyer Declines to Pay Federal Income Taxes This Year as a Protest Against the Government
Tax season isn’t exactly a party for anyone, but Americans know they have to file their tax returns. Not doing so can lead to serious trouble. However, one lawyer has decided to take a stand by refusing to pay her federal income taxes this year as a form of protest against the US government. In […]
Indian Migrants Found Guilty of Fraud Involving Taxes, Visas, and Healthcare Across Multiple States
Brothers Bhaskar, Niranjan, and Arun Sabani, along with several associates, were found guilty in Philadelphia, Pennsylvania, of severe medical malpractice, extortion, and various forms of fraud, including Medicaid fraud and immigration fraud. This verdict wraps up a lengthy fraud investigation led by the U.S. Department of Justice and the Eastern District of Pennsylvania into the […]
Mamdani Gains New Support in Effort to Impose High Taxes on New York City’s Wealthy
Tax Increases Proposed by NYC Mayor Amid State’s Budget Talks New York City’s Mayor, Zoran Mamdani, is pushing for tax increases, which seem likely to happen despite Governor Kathy Hochul’s earlier promises not to raise taxes. On Monday night, the Democratic-controlled New York State Assembly shared a budget proposal that includes several measures championed by […]
Elderly individuals can significantly reduce their taxes with these three strategies.
February 28, 2026, 7:02 a.m. ET Tax season isn’t always a joy for many Americans. Yet, for some, it does come with a few advantages. Individuals aged 65 and above might find ways to save this year by claiming both the additional standard deduction and another deduction prompted by the One Big Beautiful Bill Act. […]