Latest in Income Tax Deduction
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Journalists anticipate a renewed hostility toward their work under the incoming Trump administration
When Donald Trump takes office as president for a second time, many journalists anticipate a hostile climate toward them and their workABC News - 4h -
I want a retirement-income solution with a 100% chance of success
New retirement research suggests a drawdown strategy that can get pretty close, but it’s not close enough for meMarketWatch - 7h -
Incoming House Republican: ‘We need a lot more Daniel Pennys’
Rep.-elect Brandon Gill (R-Texas) said the nation needs “a lot more Daniel Pennys,” calling the Marine veteran who was found not guilty of homicide in the New York City subway trial Monday a ...The Hill - 11h -
SALT income-tax-deduction cap could double under Trump 2.0. But maybe not for the rich.
Trump economic adviser Steven Moore floats raising the cap — put in place, in the first place, in the first year of Trump’s initial White House term — from $10,000 to $20,000.MarketWatch - 11h -
Trump's tax plan is uncertain for 2025 — here are key lessons from his 2017 tax overhaul
Trillions in Trump's tax cuts will expire after 2025 without action from Congress. Here are key lessons from his 2017 tax overhaul.CNBC - 2d -
Freedom Caucus says taxes come second
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Freedom Caucus backs strategy for Trump The hardline conservative House Freedom ...The Hill - 3d -
Many Americans face tax increases in 2026 if tax cuts are not passed
Many Americans will face a tax increase in 2026 if the 2017 tax cuts are not extended, according to a new analysis by the Tax Foundation. Richard Rubin, a U.S. tax policy reporter for the Wall ...CBS News - 3d -
Incoming Trump border czar on meeting with NYC mayor: 'He gets it'
New York City Mayor Eric Adams (D) and incoming border czar Tom Homan swapped words of praise Thursday, after the two former law enforcement officers met to discuss the scope of collaboration on ...The Hill - 3d -
Incoming West Virginia state lawmaker arrested after allegedly threatening to kill fellow lawmakers
An incoming West Virginia state lawmaker was arrested Thursday after he allegedly threatened to kill other state lawmakers.NBC News - 3d -
Middle and higher earners face increasing tax burden
Budget measures combine with legacy ones to raise tax billsFinancial Times - 3d -
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An Argentine tourist is shot in head in Rio after mistakenly driving into low-income community
An Argentine tourist has been shot in the head and chest in Rio de Janeiro after he mistakenly drove his car into a low-income community, police saidABC News - 4d -
NYC Mayor Eric Adams meets with incoming border czar, says they have 'same goal'
New York City Mayor Eric Adams, a Democrat, met with incoming border czar Tom Homan on Thursday, a meeting that both men described in positive terms.NBC News - 4d -
Low-income families, advocates implore Tenn. governor to renew Summer EBT before deadline
A federal program that helped nourish hundreds of thousands of Tennessee children over the summer will expire unless the governor renews it by Jan. 1.NBC News - 4d -
Republicans clash over 'SALT' deduction as they seek to extend Trump's tax law
Some House Republicans are demanding an increase to SALT deduction in order to support an extension of President-elect Donald Trump's tax law next year.NBC News - 4d -
New York City mayor meeting Trump's incoming "border czar"
New York City Mayor Eric Adams is meeting with Tom Homan, President-elect Donald Trump's incoming "border czar," on the immigration changes planned for the former president's second term. CBS News ...CBS News - 4d -
Treasury expands language for IRA biogas tax credit
The Treasury Department’s rule for implementing the Inflation Reduction Act’s (IRA) renewable energy tax credits will incorporate new language that will provide greater benefits for operations that ...The Hill - 4d -
'Unverifiable income' can limit your mortgage options — here's how to get around it
Your mortgage application may be denied if the lender cannot verify your annual income. If you meet certain exceptions, a non-conventional mortgage may work.CNBC - 4d -
Scientists Just Discovered How Your Personality Affects Your Income
A massive new study links higher levels of certain personality traits with higher incomes (and yes, you can do something about it).Inc. - 4d -
Australia to introduce ‘news tax’ on tech companies
Move is designed to close loophole after Meta walked away from existing deal to use media contentFinancial Times - 4d -
North Carolina GOP lawmakers override veto of bill to strip power from incoming Democratic officials
North Carolina Republican lawmakers voted to override a gubernatorial veto of a bill that strips the state's incoming Democratic officials of key powers.NBC News - 5d -
Thune expects tax package by summer: 'Failure is not an option'
Incoming Senate Majority Leader John Thune (R-S.D.) reaffirmed his objective to prioritize swift tax reform in the 119th Congress as well as legislation supporting border security and the energy ...The Hill - 5d -
Consult us on inheritance tax, farmers urge PM
Farmers driving tractors stage another protest against the Budget changes in central London.BBC News - 5d -
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Adidas' German headquarters raided in connection with tax investigation
Adidas' German headquarters was raided as authorities investigate a yearslong tax concern.CNBC - 6d -
Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’
Republican control of Washington and a tax bill next year have corporate America excited — and on edge.The New York Times - 6d -
Incoming Trump envoy presses Syrian rebels to release hostages
President-elect Trump’s incoming hostage affairs envoy Adam Boehler pressed the rebels in Syria to release the American hostages in the country as the region grapples with more instability. “The ...The Hill - Dec. 9 -
Fixed income becomes even harder to navigate
Market participants are realising that the flat, low, predictable rates over the past 15 years were an anomalyFinancial Times - Dec. 9 -
How low-income DC residents can benefit from a second Trump administration
Mayor Muriel Bowser is open to working with the incoming Trump administration to benefit working-class residents of Washington, D.C., with potential areas for collaboration.The Hill - Dec. 8 -
Trump's tariffs: A tax on American consumers
President-elect Donald Trump has promised to impose across-the-board tariffs on imported goods from some allies and adversaries, claiming that foreign nations will pay such taxes to the U.S. ...CBS News - Dec. 8 -
What Can You Expect From Incoming SBA Chief Kelly Loeffler?
Assuming Loeffler’s nomination is confirmed by the Senate, many challenges await her at the Small Business Administration’s mast.Inc. - Dec. 5 -
No need for 'large' council tax hikes - Robison
The finance secretary says a record funding deal should prevent an increase - but the decision will rest with local authorities.BBC News - Dec. 5 -
EV tax credit is 'catastrophically stupid,' says incoming Ohio Senator and 'car czar' Bernie Moreno
Ohio Senator-elect Bernie Moreno said the $7,500 EV tax credit should be eliminated and instead let the automakers and consumers decide what cars to buy.CNBC - Dec. 5 -
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Top Republicans collide on strategy for Trump tax agenda
House and Senate Republicans are clashing over how to advance President-elect Trump's tax agenda after incoming Senate Majority Leader John Thune (R-S.D.) offered a plan that would put off tax ...The Hill - Dec. 5 -
Amazon sued over slower deliveries to low-income neighborhoods
Amazon allegedly stopped its fastest delivery service to almost 50,000 Prime subscribers in two District of Columbia ZIP codes.CBS News - Dec. 4 -
Amazon Sued Over Slow Deliveries to Low-Income Areas
The District of Columbia’s attorney general said the company deliberately outsourced Prime member deliveries in certain ZIP codes.The New York Times - Dec. 4 -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - Dec. 4 -
Music sector workers to lose nearly a quarter of income to AI in next four years, global study finds
AI boom will enrich giant tech companies but creators’ rights and income will be drastically reduced unless policymakers intervene, report warns. Follow our Australia news live blog for latest ...The Guardian - Dec. 4 -
Incoming House majority squeezed by Trump's planned appointments
President-elect Donald Trump's selection of a number of House Republicans to fill top posts in his administration is pulling from an already shallow bench.CBS News - Dec. 2
