Hochul’s proposed $260 billion New York State budget at a record level does not raise taxes for the time being.
Hochul’s State Budget Proposal Won’t Include Income Tax Increases ALBANY – Governor Kathy Hochul is moving forward with her $260 billion state budget proposal without planning to increase income taxes, according to sources familiar with her plans. The proposed budget for the 2026-2027 fiscal year surpasses last year’s $252 billion plan and is expected to […]
Unappreciative Individual… We Should Receive Your Taxes
Tax Proposal Targeting Billionaires in California Progressives are leveraging the rights of immigrant voters and concerns over a potential populist uprising to push for a significant share of Silicon Valley’s wealth through a tax initiative set for California’s November ballot. Kara Swisher, a progressive journalist based in California, addressed one billionaire affected by the voting […]
This IRS deadline offers an opportunity to get up to speed on your 2025 taxes, according to an expert. Here’s what you need to know.
The deadline for making estimated tax payments for the fourth quarter of 2025 falls on Thursday. Missing this deadline may lead to penalties and interest on any unpaid taxes. Typically, individuals owe a specific amount for income not subject to withholding—this includes earnings from self-employment, contracts, freelance gigs, or even the gig economy. Many also […]
Chris Murphy Aims to Significantly Raise Taxes on Specific Accessories and Firearms
New Tax Proposal on Firearms and Suppressors On Monday, Senator Chris Murphy from Connecticut put forward an amendment to the spending bill that includes significant tax increases on suppressor devices and various firearms. The reconciliation bill signed by President Donald Trump last July had previously set taxes on suppressors, short-barreled rifles, short-barreled shotguns, and items […]
What you need to know about paying your Butler County property taxes: Bills are now accessible.
Upcoming Property Tax Bills and Changes in Ohio Treasurer Mike McNamara informed the Journal News that by the end of this month, 165,000 property tax bills, amounting to $739.4 million—including past due taxes and special assessments—will be mailed out, with payments required by February 26. Since property taxes are paid locally, the bills will reflect […]
Local governments in Romania raise property taxes substantially
Romanian Local Governments Raise Property and Vehicle Taxes Recent reports indicate that various local governments in Romania have significantly upped property and vehicle taxes, with some hikes exceeding the government’s set tax rates by about 70%. This has stirred a public conversation about the extent of these increases. This rise follows the government’s decision to […]
Hochul aims for higher taxes on New York’s AI and data centers as they draw from the energy grid.
It’s a significant shift in direction. Governor Hochul is proposing that AI and other energy-hungry data centers pay more for electricity to mitigate rising costs for regular consumers. She mentioned this is essential to avoid shocking price hikes for families and small businesses. “Massive data centers are driving up electricity demand faster than our grid […]
Early filers can start submitting their taxes on January 26 this year.
IRS Tax Filing Season Begins Washington, D.C. — January 26 marks the start of the 2026 tax filing season, during which the IRS will begin to accept and process tax returns for the year 2025. Taxpayers should be mindful that the deadline to file is April 15 to steer clear of any penalties or interest. […]
Remember to Claim the ‘Senior Deduction’ on Your Taxes This Year
Important points New credits established under the One Big Beautiful Bill will enable older taxpayers to deduct between $6,000 and $12,000 from their taxable income in 2025, thus lowering their tax burden. To qualify for this credit, taxpayers need to be at least 65 years old, with single taxpayers having an income under $175,000 and […]
Venezuela’s Hidden Reward Is a Reduction in Oil Shock Taxes
Venezuela’s operation is about more than cheap oil The initiative to remove Nicolas Maduro could have more economic importance than many commentators realize. While oil prices may not dip immediately, the resulting supply shock that might significantly impact the U.S. economy could eventually ease. Amid all the discussions about “hitting the jackpot” with oil, it’s […]