Vance touts tax breaks in Pennsylvania
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Once upon a time, the idea of simplifying the federal tax code enjoyed widespread bipartisan political support. Times have changed in this regard, and not for the better. That’s bad news, and not just because of the headaches it causes taxpayers each April.
Senior Freeze property tax payments are going out this week, the Treasury Department said Wednesday. This is only the first round of payments, the state said. More will be processed each week. The application process for the benefit has changed.
The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.
With next year’s midterms looming, strategic timing is everything: tax breaks to households (and corporations) begin in 2025, while most sweeping social program cuts are delayed until 2028. Here’s a rundown of when the budget provisions that could most affect your household will begin:
Boil down the hundreds of tax provisions in the sprawling legislation signed by President Donald Trump on July 4, and it becomes clear: The rates Americans pay will now depend less on how much money they make,
Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.
The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the new bill. But at its heart, the bill is about extending the tax provisions passed under the Tax Cuts and Jobs Act of 2017, during Trump’s first administration.
The move reveals both the power of philanthropic groups to sway legislators and a split in the administration’s coalition.
Oracle has challenged the property valuation of its Stargate data center site in Texas.
This means that the Unified Government will likely bring in more revenues in the new budget year than it did this year.