Hidden Tax Benefits
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How a ‘Hidden’ $1.4 Billion Tax Will Make N.Y.C. Water Bills Rise
Mayor Eric Adams is resurrecting a budget gimmick and charging rent to the city’s Water Board, which will pass on the costs to ratepayers.The New York Times - Top stories -
Ros Atkins on… Why PIP benefits may change
The BBC’s analysis editor looks at the government’s proposed reforms to personal independence payments.BBC News - Top stories -
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Will the US campus protests harm Biden – and benefit Trump?
Rightwing media have seized on campus protests to portray the president as weak. Will it have an impact in November?. At the height of the tensions on US campuses this week, with Republicans gleefully seizing on student unrest as an election issue ...The Guardian - World - Joe Biden -
Jump in penalties for late filing of tax returns
A self-assessment return may be due even if there is nothing to payFinancial Times - World -
Capital-Gains Tax Hits More Home Sellers
The $500,000 exemption for home sales hasn’t changed since 1997.The Wall Street Journal - World -
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions
The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026.The Wall Street Journal - World -
Biden administration grants flexibility for automakers in EV tax credit rule
The Biden administration on Friday granted automakers some flexibility on qualifying for electric vehicle tax credits. The new final guidance, issued as part of the 2022 Inflation Reduction Act, incorporates a two-year exemption to provisions of ...The Hill - Politics - Joe Biden -
Manchin blasts leeway in Biden’s EV tax credit rule: ‘Outrageous and illegal’
Centrist Democrat Sen. Joe Manchin (W.Va.) is blasting the Biden administration’s new interpretation of which vehicles can qualify for electric vehicle tax credits — saying it gives too much leeway for batteries containing Chinese materials. “The ...The Hill - Politics - Joe Biden -
Pension savers warned of new tax-free lump sum cap
Withdrawals of more than £268,275 will be treated as taxable incomeFinancial Times - Business -
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions
The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026.The Wall Street Journal - Business -
Why St. Pauli-Hamburg rivalry is one of a kind, and how Bundesliga can benefit
With Bundesliga short on rivalries, St. Pauli and Hamburg need to be in the league at the same time.ESPN - Sports -
401(k) plans lack one benefit that would make a big difference in retirement
While the U.S. retirement system relies on employer-provided 401(k) plans to help most workers save and invest for their golden years, few of these plans help retirees avoid outliving their old-age savings.MarketWatch - Business -
New Treasury Tax Guidelines Open Door for Corn and Soy in Sustainable Aviation Fuels
The guidance is a boon for biorefineries, but some observers worry it is based on unproven assumptions.The Wall Street Journal - World -
We need to make a housing decision fast, and the only place to get the funds is our retirement savings
A couple needs to make a housing decision fast, and the only place to get the funds is their retirement savings.MarketWatch - Business -
US loosens some EV battery rules, potentially increasing tax credit eligibility
West Virginia Sen. Joe Manchin says new rules governing electric vehicle tax credits are a giveaway to ChinaABC News - Top stories -
South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops
South Sudan has removed recently imposed taxes and fees that had triggered the suspension of U.N. food airdropsABC News - World - United Nations -