Quick Read The OBBBA creates a $6,000 annual deduction for taxpayers 65 and over starting in 2025. The deduction phases out for income above $75,000 (single) or $150,000 (joint). The tax break expires in 2028,

A statistic about income taxes paid by the top 1% of earners has been corrected. COLUMBIA, Mo. (KMIZ) Gov. Mike Kehoe might be looking to phase out income tax in 2026, but to do that, the state would have to expand the sales tax base to include services,

GREENSBORO, N.C. — Update: The U.S. House passed President Trump's "One Big Beautiful Bill." A new tax proposal from President Donald Trump could give seniors a break, but critics say it comes at a high cost. The plan, part of Trump’s “One Big ...

To help homeowners, Krishnamoorthi’s blueprint includes creating a refundable tax credit for qualified first-time homeowners for their first five years of ownership. And his plan for seniors includes cosponsoring a bill to eliminate federal taxes on Social Security benefits.

WASHINGTON - MARCH 9: Chairman Jason Smith, R-Mo., gavels to order the House Ways and Means committee. (Bill Clark/CQ-Roll Call, Inc via Getty Images) House Republicans’ May 9 draft of a major 2025 revenue bill would cut taxes on average by about $2,800 ...

What are the best tax planning tools for financial advisors? Bloomg How to choose the right tax planning software for your advisory firm Tax planning software helps advisors integrate tax strategies in a client’s financial plan. With the right tool, you ...

Family members watch students walk to John J. Pershing Elementary School for the first day of classes on Monday, Aug. 12, 2024, in Dallas. Elías Valverde II / Staff Photographer Gov. Greg Abbott has made eliminating homeowners’ school property taxes ...

Mayor Brandon Johnson is now pushing a $33-per-employee monthly tax on companies with over 500 Chicago employees.

Property tax relief is again a top priority of the next legislative session and the 2026 election in Texas. Gov. Greg Abbott has already announced his plan, and now Lt. Gov. Dan Patrick has announced his.

A new proposal for a payroll tax on large employers is triggering warnings from business groups with a heated budget debate to resume in the 2026 legislative session.