New York City benefits from increased marijuana taxes, but industry experts believe there’s potential for even more.
It might even be a bit more than this. The legalization of marijuana in New York City has brought in additional revenue, yet officials indicate that tax revenues aren’t growing at the same pace as the cannabis market itself. According to Mayor Zoran Mamdani’s preliminary budget released Tuesday, marijuana tax revenue is anticipated to hit […]
Mamdani Cautions That Property Taxes May Rise, Reveals $127B Budget
NYC Mayor Announces Budget Plan and Potential Tax Increases New York City Mayor Zoran Mamdani has revealed a preliminary budget of $127 billion for the fiscal year 2027, indicating that property taxes might rise. During a press conference on Tuesday, Mayor Mamdani emphasized that, as mayor, he is legally required to balance the budget. He […]
Budget monitor advises Mayor Mamdani to reduce spending and avoid demanding new taxes.
Mayor Zoran Mamdani is being urged to reconsider his push for additional tax increases in New York City, which is already known for its heavy tax burden. A fiscal watchdog group has expressed concerns over the city’s ongoing overspending. The Citizens’ Budget Committee, a centrist organization, has called on the new democratic socialist mayor to […]
Most people will need to file state taxes for 2025, but not everyone has to. Here’s what to understand.
February 12, 2026, 2:16 PM ET Most Americans tend to take filing their federal taxes seriously—after all, the IRS can be pretty intimidating. But let’s not forget about state taxes, which can sometimes slip under the radar for many people. Of course, there are some notable exceptions. Residents in states like Alaska, Florida, Nevada, New […]
Submit your taxes at no cost using TurboTax until February 28 — Here’s how.
It’s that time of year again; tax season is here. If you’re like many, the thought of filing your tax return isn’t exactly thrilling, and procrastinating until the April 15 deadline might just amplify your stress levels. The TurboTax mobile app could be a handy solution, guiding you through the process from your phone. Plus, […]
Seahawks face significant losses from California taxes after the Super Bowl — the amount will ‘surprise you,’ according to Glenn Beck.
For football players, winning the Super Bowl is like reaching the peak of their sport. But if it happens in California, there’s a twist. “Winning the Super Bowl in California means you might get a bill saying, ‘Oh, you lost,’” someone joked. Since the Super Bowl took place in San Francisco, California taxes players on […]
California drivers may soon find relief at the gas station as a new bill seeks to impose penalties on high gas taxes.
Drivers in California might soon see some relief as Republican Rep. Kevin Kiley plans to introduce legislation aimed at reducing the state’s high gas tax by threatening to cut federal funds. The current combined state and federal gas tax sits around 71 cents per gallon. The state tax specifically is about 61.2 cents, which is […]
Don’t focus on this year. Here are four methods to reduce your taxes next year.
Updated February 9, 2026, 12:09 PM ET Alexander Smith emphasizes viewing tax returns as a potential opportunity rather than just a responsibility. By understanding your financial situation and tracking your income, it becomes possible to anticipate the taxes owed and potentially adjust spending habits to lower tax liabilities in the future. Smith, a behavioral economist […]
Sam Darnold’s California taxes are higher than his Super Bowl earnings.
Sam Darnold’s Super Bowl Win Comes with a Tax Price Tag Sam Darnold’s recent Super Bowl victory on Sunday has an unexpected downside: it will cost him money. Thanks to California’s tax regulations, the quarterback will have to pay more than the $178,000 he earned after helping the Seahawks secure a 29-13 win over the […]
Baltimore to implement changes to property taxes that may reduce costs for homeowners
Baltimore Mayor’s Upcoming Tax Plan Announcement Baltimore’s Mayor, Brandon Scott, is set to present a plan on Monday aimed at lowering property taxes for certain city residents. This will involve modifications to existing tax credit programs. Scott will detail this strategy during a morning press conference, which includes several key components designed to alleviate the […]