News

Trump's Social Security tax cut unlikely, but seniors may get $4,000 'bonus' deduction
One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...
NC state budget talks stall among GOP. What that means for raises and tax cuts
House Speaker Destin Hall, left, and Senate President Pro Tempore Phil Berger, talk before Gov. Josh Stein delivered his ...
Bessent Sees Deficit Falling Over 10 Years After Tax-Cut Bill
Treasury Secretary Scott Bessent said that there are a number of different assessments of the deficit impact of Republicans’ ...
Here’s what made it into Florida’s $1.3 billion tax cut package
Florida taxpayers are expected to save $1.3 billion in the next fiscal year under the tax package passed by state lawmakers this week. The bulk comes in the form of the elimination of the business ...
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No property tax cuts this year as Florida lawmakers wrap extended session
State Rep. Danny Nix (R-Port Charlotte) said even though property tax reform didn’t happen over the last 100-plus days of ...
Republican tax cut calls for shielding retirement income from Wisconsin income taxes
Included in a Republican tax cut plan advancing in the Legislature is a provision to shield some retirement income from ...
Some US restaurants and servers oppose Republicans’ ‘no tax on tips’ budget proposal
Some segments of the U.S. restaurant industry don't support President Donald Trump's proposal to eliminate federal taxes on ...
Senate GOP seeks to reward oil drillers amid deep cuts to wind and solar
The Senate version of President Donald Trump’s tax-cutting bill slashes green energy tax credits but contains generous ...