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The Latest Breaking News from Income Tax

Reeves urged to take 2p off employee NI and add it to income tax in budget

Resolution Foundation says move could raise additional £6bn a year and ‘level the playing field’ on income tax

The Guardian - UK

Income tax hike of 2p to target pensioners and landlords would ‘level playing field’, think tank tells Reeves

Labour chancellor also facing calls to raise levies on lawyers, sugar, salt and longhaul flights in the Budget

The Independent UK

Cut national insurance and hike income tax to meet fiscal rules, think tank says

The Resolution Foundation said the move would create a level playing field and protect workers’ pay.

The Independent UK

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read the most diverse news in one place.

Rachel Reeves urged to put 2p on income tax and cut employee NI to meet fiscal rules

The Resolution Foundation said the move would create a level playing field and protect workers’ pay

Evening Standard

How Scottish public sector workers are being put at risk from tax avoidance schemes

Scottish companies are roping NHS and council workers into veiled tax avoidance schemes that could see them hit with big unexpected tax bills ...

The National (Scotland)

Ask the Editor, September 19: Tax Questions on Expiring Home Energy Tax Credits

In this week's Ask the Editor Q&A, we answer four questions from readers on expiring tax credits for energy-saving upgrades to your home.

Kiplinger

Australians are losing more of their income to tax than in decades, new report shows

Australians are now paying the highest average rate of income tax in more than two decades, raising concerns too much of the tax burden may be falling on Australian workers in their prime.

The Conversation

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‘New Round of Stimulus Checks’ — 7 Changes to 2026 Taxes You Need to Know

A major new tax law may feel like a stimulus check to many Americans. Discover 7 major tax changes in 2026 that could impact your refund, income and benefits.

GOBankingRates

Gambling Winnings Tax Canada: What Counts as Income

Here’s what you should know about gambling winnings tax in Canada.

Dot Esports

State pension set to rise by more than £500 next year

Rise means the full state pension is likely to be liable for income tax by 2027

Evening Standard

Five States Without Sales Tax in 2025: What to Know

Is your state’s ban on sales tax actually saving you money? Probably not as much as you might think.

Kiplinger

I Asked ChatGPT How Much I’d Pay in Taxes If I Retired in Florida — Here’s What It Said

To find out, ChatGPT was asked to break down what taxes retirees face in Florida.

GOBankingRates

Here's What Would Happen If We Seized All the Wealth From America's 800 Billionaires

Don't comfort yourself with wishful thinking that millionaires and billionaires could take the entire burden of the deficit off our hands.

Reason

Texas Couple Earning $161K Struggles With $90,000 Credit Card Debt Yet Still Splurged on a $20,000 Vacation — 'We Just Made Some Bad Decisions'

Earning $161,000 in Fort Worth, Texas — in a state with no income tax and a relatively low cost of living — should be a ticket to financial breathing room. Instead, one couple's choices have left them buried in nearly $90,000 in credit card balances, a $53,500 Tesla loan, and…

Benzinga

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The Free Financial Advisor

6 Financial Surprises That Appear After Moving States

Relocating to a new state can be an exciting chapter, but it often comes with hidden financial surprises. Many people focus on the obvious costs like hiring movers or renting a truck, but there are subtler, ongoing changes that can catch you off guard. From new tax rates to shifts…

The Independent UK

Podcasters and influencers: The unexpected jobs covered under Trump's 'no tax on tips' plan

The Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge, and salon workers

Kiplinger

I'm an Annuities Expert: Here Are Two Ways to Use Annuities to Benefit From the OBBB

To qualify for a new tax break included in the One Big Beautiful Bill Act, some older adults need to lower their taxable income. Annuities can make that happen.

Kiplinger

Here's Why Munis Aren't Just for Wealthy Investors Now

Buyers of all levels should be intrigued by municipal bonds' steep yield curve, strong credit fundamentals and yield levels offering an income buffer.

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Saving Advice

9 Hidden Deductions Retirees Miss on State Income Tax Returns

Retirement is often portrayed as a time of financial simplicity. No more paychecks to track, no more yearly raises to calculate, and, for some, no...

International Business Times

Less Tax, More Luxury: Millionaires Flock To Dubai

Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere.

Reason

No, Tariffs Can't Replace Income Taxes

They are among the worst taxes imaginable—narrow, arbitrary, unstable, and regressive.

The Guardian - AU

How do we decide if a tax is good or bad? And which ones are ‘damaging’ Australia’s economy?

Experts say stamp duties and income taxes have a much higher burden than more efficient policies, such as GST

The Guardian - UK

How Rachel Reeves can raise money and also make the tax system fairer

Letters: Most people support a wealth tax on £10m fortunes and want to equalise capital gains and income tax, writes Caitlin Boswell. Plus, letters by Christopher Bowser and Alan Fairs

Benzinga

Elon Musk's SpaceX Paid Almost No Federal Income Tax Since 2002 Despite Billions In Government Contracts: Report

SpaceX, the space exploration company founded by Elon Musk, has reportedly paid minimal to no federal income taxes since its establishment in 2002, despite receiving billions in federal contracts.

The Free Financial Advisor

Why Some 401(k)s Trigger Extra Taxes After Death

A 401(k) is often one of the most valuable assets a person leaves behind, but inheriting one isn’t as simple as cashing a check. Many families are surprised to learn that certain circumstances can lead to additional tax bills after the account holder passes away. From federal income taxes to…

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