Tax

Trump administration wants tax filers to reveal citizenship status: What changes, who could be affected and why it matters

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Trump administration is proposing a new requirement that would ask people filing federal tax returns to disclose their citizenship or immigration status to the Internal Revenue Service. (AP Photo)

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

What is California’s Proposition 40? How the proposed 5% billionaire tax could work

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California Proposition 40 proposes a one-time 5% tax on billionaire wealth. (Reuters)

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

IRS 2027 tax brackets: How much can you earn before hitting the 37% tax rate?

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IRS 2027 tax brackets and projected 37% federal income tax thresholds (REUTERS/Ken Cedeno/File Photo) (REUTERS)

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, Martin County voters approved a half-cent sales tax for conservation; two years later more than 2,000 acres are protected and eight more properties are being pursued

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In 2024, Martin County voters approved a half-cent sales tax for conservation; two years later more than 2,000 acres are protected and eight more properties are being pursued

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

IRS Fresh Start Program: What It Can and Can’t Do for Your Tax Debt

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Cricket in L1

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

IRS refund details: Will you pay $1,390 this month? it’s a fact

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Cricket in L1

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