Latest in Tax Exemption
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Supreme Court appears swayed by Catholic charity group’s tax exemption bid
The Supreme Court on Monday seemed swayed by a Catholic charity group’s bid for tax relief in Wisconsin in a case that could drastically alter eligibility for religious tax exemptions. A Wisconsin ...The Hill - 2d -
Supreme Court hears Catholic groups' claim for religious tax exemption
The case arises from Wisconsin, where officials said groups linked to the Catholic Church could not obtain a religious exemption from the state's unemployment assistance tax.NBC News - 2d -
Supreme Court sympathetic to claim brought by Catholic charities over tax exemptions
The Supreme Court appeared sympathetic to a claim brought by Catholic-affiliated charitable groups that they were wrongly denied religious exemptions from a state tax that funds unemployment ...NBC News - 1d -
Supreme Court Leans Toward Catholic Charity in Tax Case
The Wisconsin Supreme Court had ruled that the group’s activities in serving the state’s poor were not religious enough to qualify for a tax exemption.The New York Times - 2d -
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4 Best Tax Services (2025), Tested and Reviewed
I’m filing my 2024 taxes with nine different documents across three states. I tested popular tax services to see which best helped me untangle my tax mess.Wired - 3d -
How to qualify for IRS tax forgiveness, according to experts
IRS relief programs may reduce or eliminate tax debt for qualified taxpayers. Here's what experts say to know.CBS News - 1d -
Ancelotti testifies in court over tax charges
Real Madrid manager Carlo Ancelotti denies knowingly withholding parts of his salary on his tax returns.BBC News - 13h -
Schumer on Trump's new tariffs: A 'huge tax on American families' to 'help billionaires get a tax cut'
Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday slammed President Trump’s sweeping new tariffs, calling them a “huge tax” on the average American family. “This is a huge tax on American ...The Hill - 1h -
Canada Trump tariff exemption ‘like dodging a bullet into the path of a tank’, says business leader
Automotive industry and prime minister Mark Carney note that 25% tariffs on Canadian steel, aluminum and automobiles will still come into effect within hours. Canada’s exemption from Donald Trump’s ...The Guardian - 45m -
As Trump readies reciprocal tariffs, economists say 'value-added taxes' aren't a trade barrier
"Value-added taxes" are a common type of consumption tax used worldwide. They don't create a trade disadvantage for the U.S., economists said.CNBC - 2d -
GOP rep says 'tariff is a tax': 'No question'
Rep. Pete Sessions (R-Texas) on Monday said a “tariff is a tax,” a day before the Trump administration’s imposition of “Liberation Day” reciprocal tariffs. In Sessions’s appearance on “CNN News ...The Hill - 1d -
Madrid's Ancelotti testifies in tax fraud case
Real Madrid coach Carlo Ancelotti told a Spanish court on Wednesday he had believed his tax affairs were legal as he testified in a trial in which he is accused of failing to pay €1 million ...ESPN - 10h -
Tax Tips for Those Who Haven’t Filed Their 2024 Returns
Despite the turmoil at the I.R.S., tax returns are still due on April 15. And, yes, there are still options for lowering last year’s taxable income.The New York Times - 5d -
Senate Republicans release budget blueprint with new tax cuts and a $5 trillion debt limit hike
Senate Republicans released a new budget blueprint Wednesday that would pave the way for $1.5 trillion in new tax cuts in addition to making President Donald Trump’s 2017 tax cuts permanent.NBC News - 4h -
GOP tax proposals could add $9 trillion to nation’s deficits: Analysis
A menu of tax cut proposals made by President Trump and Republicans could add north of $9 trillion to the nation’s deficits over the next decade without offsets, a recent analysis from the Peter G. ...The Hill - 1d -
In recruiting battle, lawmakers weigh whether to give college athletes a tax break on NIL earnings
At least four states are considering giving college athletes tax breaks on endorsement incomeABC News - 1d -
Military families are 'making a mistake' if they skip this tax-free retirement account, advisor says
Members of the U.S. armed forces qualify for special tax breaks, which can offer unique financial planning opportunities, experts say. Here's what to know.CNBC - 2d -
Real Madrid coach Carlo Ancelotti takes stand in Spanish court on tax evasion charges
Real Madrid coach Carlo Ancelotti told a Spanish court on Wednesday he had believed his tax affairs were legal.NBC News - 11h -
Starmer’s hopes wane for UK exemption from US tariffs
Britain has pushed for carve-out ahead of ‘liberation day’ on WednesdayFinancial Times - 2d -
Coal Plant Ranked as Nation’s Dirtiest Asks for Pollution Exemption
The facility, in Colstrip, Mont., used a new E.P.A. system for requesting special waivers from President Trump.The New York Times - 2h -
Chelsea find loophole to report pre-tax profit and rival fans will be angry – but it’s all within the rules
Chelsea’s owners have found a loophole and have been able to report a pre-tax profit in their finances this year, which will anger many.But by doing this, they will comply with PSR rules and also ...Yahoo Sports - 1d -
Senate Republicans eye budget vote amid growing fight over Trump tax cuts
Eying a vote on a multitrillion-dollar budget blueprint this week, Senate Republicans are considering a far-reaching move to that would set a $0 cost for making President Donald Trump’s tax cuts ...NBC News - 1d -
‘I never realised something wasn’t right’: Carlo Ancelotti denies €1m tax fraud
Manager accused of failing to pay tax due on image rights Italian claims salary arrangement seemed ‘quite normal’ The Real Madrid coach, Carlo Ancelotti, who is on trial for allegedly ...The Guardian - 11h -
How the housing crisis is driving up council tax
The cost of temporary accommodation is adding further pressure to council budgets.BBC News - 1d -
Some Republicans ask for tariff exemptions and express concern over Trump trade war
A number of congressional Republicans are publicly voicing concern over the potential for a prolonged trade war and its effect on American farmers as President Donald Trump prepares to announce a ...NBC News - 1d -
Axe oil and gas windfall tax before 2030, urges task force
North Sea steering group calls on ministers to ‘act now to restore investor confidence’Financial Times - 3d -
Maxwell: The Jags need a stadium, want tax dollars to play in Orlando
When I first heard that the Jacksonville Jaguars were thinking about relocating to Orlando for the team’s 2027 season when their stadium is being renovated, I thought: Cool. The team desperately ...Yahoo Sports - 1d -
Senate Republicans set to bypass parliamentarian on Trump tax cuts
Republicans are set to make the audacious play of bypassing the Senate parliamentarian and moving forward with a budget resolution based on a scoring baseline set by Budget Committee Chair Lindsey ...The Hill - 14h -
Trump Import Taxes Could Fall Heaviest on the Midwest and Southeast
The Richmond Fed says manufacturers in those regions could bear the brunt of the consequences, with net job losses.Inc. - 4h -
UK has best chance of deal to overturn Trump tariffs, says minister
Tne trade secretary says the UK will be hit by tariffs on Wednesday but can negotiate an exemption.BBC News - 1d -
Trump tariffs drive imports into US foreign trade zones
Policy uncertainty fuels surge in use of approved facilities that temporarily exempt businesses from paying leviesFinancial Times - 1d -
Europe's pharma industry braces for tariffs as carve-out hopes fade
Europe's pharmaceutical sector is bracing for the potential impact of U.S. tariffs as hopes of an industry-wide exemption by President Donald Trump fade.CNBC - 19h -
Israel Says It Will Cancel Tariffs on U.S. Imports Ahead of Trump Announcement
The move was an apparent bid to ensure that Israel is exempt from new tariffs that President Trump plans to announce on Wednesday.The New York Times - 8h -
April bill rises will hit single parents hardest, Citizens Advice warns
A series of household bills, including water, energy and council tax, increase on Tuesday.BBC News - 1d -
How can I ensure our business continues after I die?
I’m worried my siblings will have to sell up to fund the inheritance taxFinancial Times - 20h -
E.P.A. Offers a Way to Avoid Clean-Air Rules: Send an Email
Referring to a little-known provision, it said power plants and others could write to seek exemptions to mercury and other restrictions and that “the president will make a decision.”The New York Times - 6d -
Would a Salary Cap Make Baseball a Healthier Business?
The twin ills of the wealth gap between teams and a distinctly un-American antitrust exemption leave Major League Baseball in an unbalanced and possibly untenable state.Inc. - 5d -
Real Madrid manager Carlo Ancelotti to stand trial accused of €1m tax fraud
Charged with not declaring earnings from image rights Italian ‘not worried’ and has ‘total confidence in justice’ The Real Madrid coach, Carlo Ancelotti, will appear in court on Wednesday to ...The Guardian - 1d -
Senate budget blueprint empowers GOP chair to decide if Trump tax cuts add to deficit
Senate Republicans on Wednesday unveiled a 70-page budget resolution that they say would give Senate Budget Committee Chair Lindsey Graham (R-S.C.), a staunch ally of President Trump, the power to ...The Hill - 3h
