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The Latest Breaking News from Income Tax

One million more pensioners to pay income tax in ‘shock stealth grab’

It’s a direct consequence of frozen tax thresholds, says the Budget watchdog

The Independent UK

SEC’s NIL Arms Race Heats Up As Mississippi Passes New Tax Bill to Benefit Athletes

Mississippi could become the second state to pass a bill eliminating income tax on NIL money.

Sports Illustrated

Texas Families: The “Hidden” Fees That Offset Zero Income Tax

Texas sells a powerful promise: no state income tax. That slogan grabs attention, fuels moving trucks, and shapes political debates. But no state runs on good vibes and barbecue alone. When Texas skips income tax, it leans hard on other sources of revenue, and families feel those costs in ways…

Everybody Loves Your Money

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Average 2026 US Tax Refunds up 10%, but 1 in 5 Filers Miss This Tax Credit Worth Thousands of Dollars

The majority of US tax filers fail to claim the earned income tax credit or the additional child tax credit due to complex eligibility criteria.

International Business Times UK

Would Trump’s Tariff-Only Tax System Make You Richer or Poorer? Middle-Class Math, Explained

President Donald Trump defended the tariffs and reiterated during his State of the Union address that he wants them to replace income taxes.

GOBankingRates

Why Nashville Property Tax Bills Keep Rising Even With Tennessee’s Rate Cap Proposal

Property taxes in Nashville continue to climb, and the frustration feels real. Tennessee promotes itself as a low-tax state, and it does not levy a state income tax. Lawmakers even proposed rate caps in place that require local governments to follow strict rules before increasing property tax rates. Yet homeowners…

The Free Financial Advisor

5 Retirement Tax Traps to Watch in 2026

Even in retirement, some income sources can unexpectedly raise your federal and state tax bills. Here's how to avoid costly surprises.

Kiplinger

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UAE debuts in world's top three best countries to live, in Global Residence Program Index 2026

For the first time ever, UAE has debuted among the top three best countries to live in, as per Henley and Partners. Due to factors such as safety, security, zero income tax and numerous opportunities for professionals and businesses, the country has moved from the fifth to joint second place…

The Times of India

Trump vs. 5 Presidents Who Raised Taxes the Most and 5 That Lowered Them

Understanding how different administrations shape U.S. tax policy is key to making sense of today's economic unrest. Over the past several decades, presidents from both political parties have...

GOBankingRates

Trump's Tariffs Are Not Going To Eliminate the Income Tax

And that's especially true if the tariffs are illegal.

Reason

2026 Tax Refund Delays: 5 States Where Your Money Is Stuck

From New York to Oregon, your state income tax refund could be delayed for weeks. Here's what to know.

Kiplinger

How The SALT Deduction Caps Squeezed Many Middle-Income Taxpayers

A single number — $10,000 — redrew the financial map for millions of households. When Congress passed the Tax Cuts and Jobs Act in late 2017, lawmakers lowered tax rates, nearly doubled the standard deduction, and promised broad relief. Yet one provision quietly shifted the ground under middle-income families in…

The Free Financial Advisor

How One Extra Dollar of Income Can Cost You Thousands in Retirement

Even modest changes in retirement income can raise Medicare premiums under IRMAA. Here’s how a small increase can affect your retirement costs.

Kiplinger

Is Your West Coast State Quietly Draining Your Wealth? 5 More Affordable States for West Coasters to Grow Wealth

For many Americans, living on the West Coast is a dream.

GOBankingRates

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GOBankingRates

I Asked ChatGPT for the Best Places To Live If I Want To Pay Less Taxes

From a financial standpoint, a lot goes into choosing a place to live, from home prices and living costs to how much you can expect to pay in taxes.

Budget and the Bees

Georgia Income Tax Could Drop to 3.99% — Here’s Who Benefits Most

You work hard for every dollar, but it often feels like the state government is taking a bigger bite out of your paycheck than you can afford. Between inflation at the grocery store and rising costs everywhere else, you are looking for any relief you can find. There is a…

Saving Advice

6 States Shortening Tax Appeal Deadlines — Miss It and Your Refund Dispute May Be Closed

Tax refunds have become increasingly important for Americans’ financial health. Nearly half of the people in the United States rely on their refund to make...

GOBankingRates

Am I Exempt From Federal Withholding? Do I Still Get a Refund?

If you're concerned about filing your taxes correctly, keep reading to find out what this tax exemption means and whether or not you qualify for it.

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Kiplinger

U.S. Congress to End Emergency Tax Bill Over $6,000 Senior Deduction and Tip, Overtime Tax Breaks in D.C.

Here's how taxpayers can amend their already-filed income tax returns amid a potentially looming legal battle on Capitol Hill.

Kiplinger

The Little-Known Tool to Protect Your Retirement Savings in a Divorce

Learn why a divorce decree isn't enough to protect your retirement assets. You need a QDRO to divide the accounts to avoid paying penalties or income tax.

Fortune

Why Zohran Mamdani is threatening to soak the middle class if he can't tax the rich

New York City's mayor is warning of a 9.5% property tax hike if Gov. Kathy Hochul doesn’t raise income taxes on top earners.

Reason

Washington's Millionaire Tax Is Economic Suicide

Washington has enjoyed decades of spectacular economic growth as a direct result of the absence of state income taxes. The new measure threatens to change all that.

Reason

Mamdani To Increase NYC Property Taxes by 9.5 Percent To Balance Budget if Income Taxes Are Not Raised

So much for "the warmth of collectivism."

The Times of India

'Racist tantrums’ in Texas? US-based entrepreneur asks Indians to exit state. But why

A US-based entrepreneur asked Indians to leave Texas and said that “racist tantrums” were not worth financial incentives such as the state’s lack of income tax.

GOBankingRates

Here’s How Much You’ll Owe in Taxes on Your Side Gig Income

Side gig income can be a great way to boost cash flow. But as a gig worker, you may be unaware that the money you make is fully taxable.

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