Current News

As the cost of living surges, Americans wrestle with higher prices on day-to-day costs, including groceries, housing and gasoline. But there’s another sneaky expense — higher taxes — that may be costly for some taxpayers. Those most at risk of a tax-related surprise include retirees, high earners, homeowners and residents of particular states. Read More.

WASHINGTON — In June, months after reluctantly signing on to a global tax agreement brokered by the United States, Ireland’s finance minister met privately with Treasury Secretary Janet L. Yellen, seeking reassurances that the Biden administration would hold up its end of the deal. Read More.

SACRAMENTO — A ballot initiative that would have raised taxes on California millionaires and billionaires to fund public health programs and pandemic prevention is dead — at least for this year. Read More.

In its final 2022 Filing Season Statistics report, the IRS stated that it has processed more than 140 million individual income tax returns, including more than 96 million refunds for a total of over $282 billion, with an average refund of $3,039. Read More.

Sen. Joe Manchin III (D-W.Va.) told Democratic leaders Thursday he would not support an economic package this month that contains new spending on climate change or new tax increases targeting wealthy individuals and corporations, marking a massive setback for party lawmakers who had hoped to advance a central element of their agenda before the midterm elections this fall. Read More.

HARRISBURG — When Gov. Tom Wolf and the Republican-led legislature hammered out the $45.2 billion budget deal in early July, they delivered a historic windfall to a popular tax credit program that underwrites scholarships for Pennsylvania students to attend private schools. Read More.

The Grassroots Corner - Week Beginning 7/18/22: “Mississippi Tax Cuts” Read More.

Palm Beach County commissioners have reduced the county’s property tax rate — providing slight relief from the rising cost of living. It’s the first cut in 12 years. Read More.

AUSTIN — Texas has so completely recovered from the economic slump caused by COVID-19 that state tax receipts have set new records, adding $14 billion to an already swollen surplus, Comptroller Glenn Hegar said Thursday. Read More.

Jon Tester isn’t up for reelection this fall, nor is he threatening to oppose a party-line Democratic bill that might increase taxes. He still has a warning for his colleagues. Read More.

Every for-profit business must deliver products or services that people are willing to pay for, or they will cease to exist.  Similarly, every non-profit organization must show itself worthy of the contributions they seek, or they too will disappear. Read More.

President Joe Biden’s massive social safety net package known as Build Back Better sputtered out in December — but pieces of it have shown new signs of life this year. Read More.

A new law will freeze property tax increases for some older Mainers. In order to qualify, you must be 65 years or older and a permanent Maine resident who's owned a primary residence in the state for at least the past ten years. “65 plus right?," said Avesta Neighborworks director Nicole DiGeronimo. "A lot of Mainers aren’t millionaires; they’re living on fixed income ... social security.” Read More.

Millions of families came to count on pandemic-era monthly child tax credit checks of up to $300 per child, a program that expired last December. Now, a new Republican Senate proposal aims to restart the monthly payments to parents — with new requirements, however. Read More.

Some Missouri parents can now apply for scholarships for their children to attend private schools or other alternatives to their local public schools. And hundreds already have. Read More.