The US debt limit could become a major issue in Washington in 2027, potentially setting up a political standoff between the Donald Trump administration and Democrats. In an exclusive interview with HT.com, Andrew Lautz, Senior Director of Federal Policy at the Tax Foundation, said the US is likely to reach its debt limit sometime in … Read more
US businesses are facing uncertainty about future tax rules as the country prepares for the November midterm elections. The election results could affect decisions on taxes, tariffs, government spending and business rules. Andrew Lautz, Senior Director of Federal Policy at the Tax Foundation, said in an exclusive interview with HT.com that US businesses are caught … Read more
Michael Jackson’s Neverland Ranch had rides, a zoo, and a house. But part of it also sat in a program meant to protect farmland. According to an Associated Press report published by CBS News on September 9, 2003, officials found that Jackson was getting a property tax break he wasn’t entitled to. Michael Jackson, whose … Read more
The Trump administration has proposed requiring US taxpayers to disclose their citizenship and work authorization status to the Internal Revenue Service on the annual tax form filed by nearly all workers. Trump administration is proposing a new requirement that would ask people filing federal tax returns to disclose their citizenship or immigration status to the … Read more
California voters will decide on Proposition 40, a ballot measure that would create a one-time 5% tax on the wealth of the state’s billionaires. The vote is scheduled for November 3. If approved, the measure would target California residents who qualify as billionaires under the proposal. The proposal comes as California faces major demands for … Read more
The 37% federal income-tax bracket could start at higher income levels in 2027. A preliminary estimate puts the start of the 37% tax bracket at more than $793,650 in taxable income for married couples filing jointly. For single taxpayers, the 37% bracket could start at more than $661,375 in taxable income. These are early estimates … Read more
In 2024, voters in Martin County, Florida, approved a half-cent sales tax dedicated to conservation, betting that a small, broad-based levy could protect the natural landscapes that define their communities. Just two years later, that decision is already reshaping the county’s map. More than 2,000 acres of wetlands, forests and wildlife habitat have been permanently … Read more
Officials are warning about misunderstandings about the IRS’s “Start Over” plan. this tax relief The program has been around for a while but is still widely misunderstood by citizens. The warnings target tax relief companies using the scheme’s name to mislead consumers. Every year, millions of Americans are affected by tax debt. (Reuters) Every year, … Read more
Rumors are circulating online about a $1,390 payment from the IRS. Social media posts and unofficial websites claim Americans may be eligible for new federal stimulus checks or special rebates. However, there are no official plans to approve such payments. U.S. Internal Revenue Service (IRS) (AFP/Getty Images) according to IRS), Congress has not approved any … Read more