Brazil’s lawmakers have voted to exempt monthly incomes up to 5,000 reais (about US$940) from taxation, aiming to relieve financial pressure on low earners. This shift in fiscal policy could significantly affect the take-home pay of millions of workers across the country.

Schenectady homeowners are facing a $240 annual property tax increase under Mayor Gary McCarthy’s just-released 2026 budget proposal. The plan is set to exceed the state tax cap, sparking questions about its potential impact on residents and city finances.

A once-promising outlook for minimal tax changes has shifted with the Janesville City Council’s approval of a substantial preliminary levy increase. Local residents may now face a steeper property tax burden than initially expected in the coming year.

Virginia taxpayers are set to receive income tax rebates as part of a budget initiative passed by the General Assembly. Governor Glenn Youngkin is using this move to underscore his administration’s commitment to financial relief and bolster his legacy.

Losing an IRS tax exemption leaves nonprofits and their volunteer leaders without critical benefits. Once that status lapses, the organization’s financial advantages—and the income tax perks for volunteers—immediately cease.

Rural leaders in 40 counties are bracing for corrosive budget deficits after the lapse of a federal program designed to compensate for the lack of local taxes on federal land. If no solution is found, these communities fear shortages for essential services ranging from roads to public schools.

The SALT deduction limit is set to rise to $40,000 in 2025. Experts say this could spell significant tax savings for many Americans, particularly those in high-tax states, and even present a rare chance for some to pay 0% capital gains.

A proposal to limit property taxes in Texas cities and counties faces an uphill battle as the special legislative session draws to a close. Lawmakers pushing the plan say it is “on life support,” suggesting that time may be running out for meaningful reform.

Tax season may be months away, but for those who pay quarterly estimated taxes, the September 30 deadline is critical. By acting now and considering deductions, there’s still time to reduce what you owe.

Year-round bookkeeping is the key to stress-free tax filing, explains Sandy Richard of S & A Bookkeeping in Worland, Wyoming. By maintaining steady communication with a bookkeeper and organizing records well in advance, small business owners can avoid unwelcome tax surprises and keep their finances on track.

A longtime West Nashville homeowner worries he may no longer afford the house his father built, as a recent assessment shows the property’s value climbed by $340,000 since 2021. The steep property tax increase now looms as a financial hurdle, potentially forcing him to leave the place he’s always called home.

A recent study indicates that billionaires in the United States may be paying a lower tax rate than most other citizens, pointing to a shift in how top earners contribute. Multiple outlets, including CBS News and The Atlantic, have raised questions about whether recent policy changes favored the ultra-wealthy.

A recent study finds that the wealthiest 400 Americans pay a 24% tax rate—lower than that of the average taxpayer. Economists behind the research say it highlights a growing gap in the country’s tax burdens.

Ten members of the Jacksonville City Council are backing a property tax rate cut, with support from Florida’s GOP Chairman. Mayor Donna Deegan, however, attributes the decision to political pressures from state leaders, highlighting ongoing tensions around local taxation.

David Splinter’s latest commentary reveals that while the U.S. tax system is highly progressive overall, some billionaires may still face lower effective tax rates than previously assumed. His data indicates rates can climb to 45% at the top 0.01% of earners yet could be lower among those with the greatest wealth.

HarperCollins Publishers is looking to build a large-scale logistics facility in Brownsburg, Indiana, backed by a major financial investment. Town officials are discussing a possible tax break to secure the project, which is expected to open in 2028 and generate millions in tax revenue over the coming decade.

For the third year in a row, Missouri City leaders are proposing no changes to the local tax rate. Residents may see this familiar number continue, offering consistency in municipal revenues and civic planning.

Thailand plans to introduce a groundbreaking negative income tax system by 2027, fundamentally reshaping how its citizens and expats navigate financial obligations. A new data lake initiative will also streamline government welfare programs and fiscal management, illustrating the country’s commitment to modernizing its economic infrastructure.

Elon Musk’s SpaceX has paid little to no federal income tax since its 2002 launch, despite securing billions of dollars in U.S. government contracts. A tax maneuver rooted in more than $5 billion in accumulated losses—and made indefinite by a 2017 law—continues to shield the rocket company from the IRS.

Jannik Sinner clinched his first Wimbledon title by defeating rival Carlos Alcaraz, showcasing a strategic mastery that could redefine their storied rivalry. The victory not only marks a milestone in Sinner’s career but also intensifies one of tennis’s most captivating matchups.

Congress has passed President Trump’s nearly 900-page tax and spending bill, enacting $4.5 trillion in tax cuts and significant changes to national defense, immigration, and healthcare programs. The legislation promises wide-reaching impacts on America’s fiscal and social landscape.

As Independence Day approaches, President Trump aims to sign the “Big Beautiful Bill,” a move that Grover Norquist believes will grant Americans the freedom to keep more of what they earn.

Senate Republicans are moving closer to accepting the House’s $40,000 SALT deduction cap, navigating budgetary obstacles to reconcile key legislative differences before the July 4 deadline.

President Donald Trump’s plan to cut taxes by trillions of dollars could lead to billions being trimmed from social safety net programs, including critical food assistance for lower-income Americans.

In a world where splitting a bill is a tap away, Lynn Westmoreland argues that President Trump safeguarded our digital transactions from potential IRS surveillance under Biden’s administration. As cash gives way to apps like Venmo and Cash App, concerns over privacy and government oversight come to the forefront.

US small business sentiment has improved in May for the first time this year, fueled by hopes for President Trump’s spending bill, even as uncertainty and tax concerns loom large.

Discrepancies between your Form 16 and 26AS can lead to missed deductions and potential issues with your tax return. By carefully comparing these forms and alerting your employer to any errors, you can ensure you claim all eligible deductions.

Investor unease gripped the markets Wednesday, highlighted by a bond sell-off and a declining dollar, as lawmakers debated a tax-cut bill that may boost the US deficit. President Trump’s push for the legislation has raised concerns about the nation’s fiscal future.

As Ohio debates eliminating property taxes, leader Russo warns of the absence of alternative funding for schools and essential services.

Berlin’s fiscal year 2026 budget is set for a public hearing on May 28, with recent cuts reducing the tax increase to just 55 cents above the current rate. The city council’s efforts aim to minimize the financial burden on residents while maintaining essential services.

In a decisive move during budget discussions, Kaslo council has approved a nine percent increase in municipal taxes, surpassing staff recommendations. The decision, made on April 15, signals the council’s commitment to addressing the town’s financial needs.

In recognition of the hardships caused by recent disasters, the IRS is granting automatic tax filing extensions to affected individuals. Survivors of wildfires, hurricanes, floods, and tornadoes now have more time to file their taxes without the burden of additional paperwork.

Disabled veterans in Indiana are expressing concern over a proposed bill that could eliminate two property tax deductions they have relied on for 50 years. The House’s version of Senate Bill 1 threatens to remove these longstanding benefits, potentially impacting the financial well-being of veterans across the state.

As tax season approaches, finding the right software to navigate the complexities of tax filing can make all the difference. With numerous options available, selecting a tool that fits your needs can streamline the process and maximize your refund.

Understanding taxes can seem daunting, especially if you’re new to the workforce or navigating self-employment. Taxes play a crucial role in funding public services like education, infrastructure, and healthcare. This guide aims to demystify the basics of taxes, helping you navigate the tax landscape with confidence.

As retirement approaches, one of the foremost concerns is how to preserve your hard-earned savings from excessive taxation. Effective tax planning can significantly enhance your retirement income, ensuring you enjoy the fruits of your labor without unnecessary tax burdens. By understanding various strategies and leveraging tax-efficient accounts, you can minimize taxes on your savings and secure a comfortable retirement.

Tax season often brings with it a whirlwind of stress and confusion. Misconceptions about tax laws can lead to costly mistakes, missed deductions, and even legal troubles. To help you navigate the complex world of taxes, we’ve compiled and debunked some of the most common tax myths.

Understanding the intricate details of the U.S. tax system is crucial for effective financial planning. The United States employs a multi-tiered tax system involving federal, state, and sometimes local taxes. This means that, as a taxpayer, you’re often subject to multiple layers of taxation, each with its own rules and rates.

Navigating the complex world of real estate taxes can be daunting. Whether you’re a homeowner looking to sell, an investor eyeing rental properties, or simply curious about how property taxes work, understanding the nuances can save you money and stress. This comprehensive guide will break down property taxes, capital gains, and other essential tax considerations in real estate.

Navigating a tax audit can be a daunting experience for anyone. However, with proper preparation and understanding of the process, you can approach it with confidence and poise. This article provides comprehensive guidance on how to prepare for a tax audit and what steps to take if you are selected for one.

As tax season approaches, many individuals look for effective ways to minimize their tax liabilities. Understanding and utilizing legitimate strategies can help you keep more of your hard-earned money. Here are some smart, legal methods every taxpayer can employ to reduce their tax bill.

In today’s evolving economy, more people are embracing the flexibility and opportunity that freelancing and side hustles offer. With over 64 million Americans freelancing in 2023, and projections that half of the U.S. workforce will be self-employed by 2027, understanding how to manage taxes has never been more crucial.

Tax season can be a daunting time for many, especially when trying to maximize refunds or minimize tax bills. With ever-changing tax laws and a myriad of potential deductions and credits, it’s easy to overlook opportunities that could save you money. Understanding these often-missed deductions and credits can make a significant difference in your financial outcome.

Retirees aged 73 and older are required to take minimum distributions from their retirement accounts, but with strategic planning, these RMDs can be opportunities rather than obligations. Discover three smart strategies to maximize your savings and minimize taxes by reinvesting, donating, or using RMDs to pay your taxes.

In the wake of Measure R’s narrow defeat, the Red Bluff City Council is weighing new tax proposals to fund urgent road repairs. With worsening road conditions and differing opinions among council members, the decision hinges on public trust and the choice between a general or special tax.

Looking to get your taxes done early and at no cost? The IRS Free File program is now open for the 2025 tax season, offering eligible taxpayers a straightforward way to file federal returns without any fees.

As the Nebraska Legislature convenes for its 90-day session, lawmakers are set to navigate a challenging landscape marked by a significant budget shortfall and pivotal social issues. With one-third of its members new to the unicameral body, the session promises shifts in legislative dynamics and critical decisions that will shape the state’s future.

As housing affordability crises grip cities worldwide, the 19th-century ideas of economist Henry George offer a compelling blueprint for change. Could his single tax theory be the key to addressing modern economic inequality?