Trump, tax cuts and GOP
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Following President Donald Trump’s "liberation day" tariffs announcement, a top House GOP leader is pushing for Congress to extend the president’s 2017 tax cuts, which he says is the next "top priori...
From Fox News
House Republicans narrowly approved their budget framework Thursday after initial resistance from GOP holdouts.
From Associated Press
The holdouts argued that the plan didn’t lock in nearly enough spending cuts alongside extensions of expiring tax cuts.
From Wall Street Journal
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The IRS has received more than 101.4 million tax returns total so far, compared with 101.8 million last year, marking a 0.4% decrease. The agency also breaks down how returns have been filed, with 98.1 million returns received electronically (53.3 million filed by tax professionals and 44.7 million self-prepared).
As looming tariffs rock the U.S. economy, the Texas comptroller says he is closely monitoring sales tax revenue and the price of oil.
Many of the world's largest shipping nations will decide Friday whether to impose a tax on carbon emissions from ships. If the 174 International Maritime Organization members present — all but the United States — reach an agreement,
Gov. Mike Braun and Republicans in the Indiana House have reached an agreement on property tax relief for Hoosiers, which lawmakers say will have two thirds of property owners paying less on their tax bills in 2026 than this year.
Certain homeownership, business and healthcare deductions could significantly lower your tax bill. Here's how.
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2don MSN
The Internal Revenue Service’s acting commissioner is resigning over a deal to share immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.
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The Texas Tribune on MSNTexas plans to spend $51 billion on property tax cuts. It may not be sustainable.Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. Property tax cuts aren’t free. In fact, they’re costing Texas a fortune. The Texas House is considering a budget to spend $51 billion — 15% of the total two-year budget — to maintain and provide new property tax cuts.
As other costs rise, retirees need to think about total spending.
But is it a good idea to tap your home equity to pay off your tax bill? Here's what the experts say. Borrowing from your home equity could also make sense if your tax debt is in the $25,000 to $50,000 range,
Many Floridians have an extra two weeks to file their tax returns this year after the 2024 hurricanes, but if even that's not enough here's what to do.
4don MSN
About 45 years have passed since a state last eliminated its income tax on wages and salaries. Two Southern states are now on a path to do so if their economies keeping growing.
(Reuters) -Four Republican senators are asking Congressional leadership to preserve energy tax credits included in the Biden-era Inflation Reduction Act in the impending budget reconciliation bill, according to a letter circulated on Thursday.