FACT CHECK: Viral X Post Makes False Claim About Taxes, Child Support
Viral Post share with x The claim is that President Donald Trump has proposed a new child support bill. This child support only allows child support to be claimed on your taxes. Trumps New Child Support Law would be crazy. Basically, if you put someone on child support, you can no longer claim the child […]
Trump delivers Las Vegas speech about taxes on tips, promises to help workers
President Trump visited Las Vegas on Saturday afternoon to discuss his agenda for American workers and highlight his “no tax on tips” policy as the first week of his second term. Speaking from the Circa Resort and Casino, Trump appealed to Sin City's countless hospitality workers during his speech. “Workers who rely on tips [as] […]
'Good luck with that': Democrats dubious of working with Trump on taxes
Democrats are hearing that President Trump is highly doubtful about working with Republicans on tax reform after he said Thursday he was interested in a bipartisan approach to one of the party's top priorities. In virtual remarks Thursday before the Davos Economic Forum, Trump signaled that he would likely need Democratic votes to pass an […]
Investors may be able to file taxes for free this season. Here's who qualifies – CNBC
Rocka | E+ | Getty Images With less than a week until tax season begins on Jan. 27, investors may have more options to file for free than in previous years. Investors typically require specific tax forms to file their returns. 1099-B Capital gains and losses and forms 1099-DIV For distribution of dividends and capital […]
Hochul to unveil massive $252B budget proposal but new taxes, fees for MTA remain mystery
Gov. Kathy Hochul is scheduled to unveil her most expensive budget on Tuesday, with a $252 billion plan to continue increasing spending to fund new benefits. Mr. Hochul's administration proposal is $19 billion (8.3%) larger than last year's proposal and $36 billion (16%) more than the original plan for 2022. The state budget for 2024-25 […]
Majority favors Trump proposal to end taxes on tips: Survey
A majority of Americans support President-elect Trump's proposal to eliminate the tax on tips, according to a new poll. in votes from According to the Associated Press-NORC Center for Public Affairs Research, 54% of respondents said they “strongly” or “somewhat” support eliminating taxes on tipping profits. 23% said they neither supported nor opposed eliminating taxes […]
NY’s plan to raise $33B for MTA in taxes, fees kept secret as Hochul passes buck to pols
New York State plans new taxes and fees to fund struggling Metropolitan Transportation Authority with $33 billion, even as Gov. Kathy Hochul plans to submit a budget this week is kept secret. Mr. Hochul continues to refuse to publicly outline ideas to fill the huge holes in the MTA's $68 billion, five-year capital plan, and […]
Chevron Owed Venezuela $300 Million in Taxes Despite Sanctions
California-based company Chevron filed tax returns worth about $300 million to Venezuela's socialist regime, revealing how much dictator Nicolas Maduro benefits from Chevron's oil production despite existing oil sanctions. Bloomberg reported that there are doubts as to whether it is being received. reported on Thursday. The United States, under President-elect Donald Trump's first administration, imposed […]
Climate’s Mostly Out of Our Hands, We Can Control High Taxes for Nothing, Stupid DEI, Bass Going Nero
In the final monologue of Friday's broadcast of HBO's “Real Time,” host Bill Maher said that while climate change is making wildfires worse, “it's largely out of our control. What should we do?” Will the ballot measure pass? [the] Will the Chinese stop burning coal? ” But “some of the unforced mistakes our government has […]
GOP rep to reintroduce bill to eliminate taxes on overtime pay
House Republicans plan to reintroduce a bill Wednesday that would eliminate taxes on overtime pay, an idea that has gained traction among some after President-elect Trump touted it on the campaign trail. Rep. Russ Fulcher (R-Idaho) plans to introduce the Keep Every Extra Penny Act, which would eliminate income taxes on overtime pay, among other […]