Money

Taxes
Property assessments discussed at PVA town hall meeting

During a recent town hall meeting, Pulaski County officials offered explanations of how property values are assessed, yet many residents left unconvinced. While authorities emphasized transparency, the public raised concerns about possible flaws in the system.

Property Tax

 Property assessments discussed at PVA town hall meeting
Governor Cox proposes ‘stay the course’ budget with no income tax cut

Governor Spencer Cox is proposing a $30.7 billion budget described by his Office of Planning and Budget as a “stay the course” plan. The new fiscal approach includes no income tax cut and is set to take effect when the next fiscal year begins in July.

Income Tax

 Governor Cox proposes ‘stay the course’ budget with no income tax cut
City of Burlington increasing property taxes

The Burlington City Council has approved a plan to collect additional revenue through property taxes beginning in 2026. While the exact details remain limited, the council’s decision marks a key step in planning the city’s future budget.

Property Tax

 City of Burlington increasing property taxes
Bethel Park residents to see small tax increase in 2026

Bethel Park residents will see a minor increase in municipal taxes starting in 2026. According to the original report, this adjustment, described as small, aims to address the community’s future financial needs and maintain services.

Property Tax

EDITORIAL: Property tax cuts should not be a priority

A recent editorial questions whether property tax cuts should be at the forefront of the legislative agenda. It advises state leaders to consider the long-term economic outlook before finalizing any reduction in taxation.

Property Tax

 EDITORIAL: Property tax cuts should not be a priority
Tax payments take a mile-high detour

Santa Fe County property tax checks don’t stay in the Land of Enchantment for processing. According to the county treasurer, no local bank is equipped to handle them, leading to a unique solution: sending the payments to Denver.

Property Tax

 Tax payments take a mile-high detour
Birmingham-based AI tax software company expanding, to hire 66

Birmingham-based SmartWiz is expanding its AI-driven tax software operations and plans to add 66 jobs over the next five years. The company aims to strengthen its presence in the Magic City while enhancing innovative services for tax professionals through advanced artificial intelligence.

Tax Filing Software

 Birmingham-based AI tax software company expanding, to hire 66
Bucks County Opportunity Council and Local Attorney Partner to Provide Free Wills to VITA Participants

Bucks County Opportunity Council has partnered with a local attorney to provide free wills for VITA participants. This timely initiative highlights the importance of both financial and legal security for community members, offering crucial support to those who need it most.

Income Tax

 Bucks County Opportunity Council and Local Attorney Partner to Provide Free Wills to VITA Participants
Letter: Congress needs to act now

In his candid letter, Marc Bush urges Congress to launch a new era of tariff-based funding for the federal government. Citing America’s early history without income taxes, he argues that returning to tariffs could help avert shutdowns and stabilize the nation’s budget.

Income Tax

Norton voters to decide four key items at Monday’s town meeting

Norton’s annual town meeting will feature four critical decisions: how to treat PFAS in local water, whether to upgrade water mains on Elm Street, providing a property tax exemption for disabled veterans and seniors, and lowering the qualifying age from 70 to 65 for that exemption. Attendees will weigh these measures that could significantly affect local infrastructure and tax policies.

Property Tax

 Norton voters to decide four key items at Monday’s town meeting
Bossier City debt payment could avoid tax hike and save taxpayers nearly $5M: Officials say

Bossier City officials have unveiled an approach they believe will skip a property tax increase while saving local taxpayers nearly $5 million. The plan underscores the city’s broader “fiscal belt-tightening” efforts to manage its next budget without placing further burdens on property owners.

Property Tax

 Bossier City debt payment could avoid tax hike and save taxpayers nearly $5M: Officials say
Brazil’s lower house approves an increase in tax exemptions for low-income people

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.

Income Tax

 Brazil’s lower house approves an increase in tax exemptions for low-income people
McCarthy 2026 budget proposal includes $240 annual tax increase, would exceed state tax cap

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.

Property Tax

 McCarthy 2026 budget proposal includes $240 annual tax increase, would exceed state tax cap
Janesville council approves sizable preliminary levy increase

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.

Property Tax

 Janesville council approves sizable preliminary levy increase
Tax rebates arrive, as Youngkin touts assembly initiative

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.

Income Tax

 Tax rebates arrive, as Youngkin touts assembly initiative
Nonprofit Briefs: Loss of the IRS tax exemption

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.

Income Tax

 Nonprofit Briefs: Loss of the IRS tax exemption
Why rural leaders in 40 counties fear budget shortfalls

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.

Property Tax

Trump raised the SALT deduction limit to $40,000 for 2025 — here’s how to maximize it – CNBC

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.

Income Tax

Property Tax

Proposal limiting Texas city, county property taxes loses steam

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.

Property Tax

 Proposal limiting Texas city, county property taxes loses steam
It’s Not Tax Season Yet — But These 4 Deductions Can Save You Big If You Act Now

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.

Income Tax

 It’s Not Tax Season Yet — But These 4 Deductions Can Save You Big If You Act Now
Bookkeeping Expert Sandy Richard Explains Why Staying in Touch With Your Bookkeeper Matters in HelloNation

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.

Income Tax

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