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The Latest Breaking News from Income Tax

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."

Reason

'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.

The Times of India

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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.

GOBankingRates

I Asked ChatGPT How Much You Would Save If You Moved to a Zero-Tax State — Here’s the Math

Here's the math behind what you could save if you move to a zero-tax state (according to ChatGPT).

GOBankingRates

Georgia Tax Proposal: Senate Leaders Push Long-Term Plan to Phase Out Income Tax

Checking your pay stub can feel like watching money drain through a crack in the floor. You work hard and do everything right, yet a chunk of your earnings disappears before it ever reaches your hands. It is no wonder so many Georgians feel squeezed by the rising cost of…

Budget and the Bees

What $100,000 Salary Looks Like After Taxes In New York

While you won't suffer on a six-figure salary, the Empire State's high taxes and cost of living mean it won't buy you a life of luxury.

GOBankingRates

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How To Reclaim Overpayments on Tips Today

The good news is that overpaid taxes are not lost. Here's how to reclaim overpayments on tips today.

GOBankingRates

Top personal income tax rates in Europe: Who pays the most in 2026?

In most European countries, people who earn more generally pay higher taxes. But top personal income tax rates for those in the highest brackets vary widely, with a clear divide between Northwestern and Eastern Europe.

Euronews

How Much You’d Take Home Making $250K a Year If Trump Eliminates Income Taxes

President Donald Trump has proposed the elimination of the federal income tax. But what would that mean for your take-home pay if you make $250,000.

GOBankingRates

Every U.S. Olympian was promised a $200,000 payout, but how much they actually keep depends on where they live

Olympians will get a post-tax income boost ranging from about $48,350 to $73,146, according to a Fortune analysis based on today’s tax rates.

Fortune

7 Bad Tax Habits to Kick Right Now

Ditch these seven common habits to sidestep IRS red flags for a smoother, faster 2026 income tax filing.

Kiplinger

Living in One State, Working in Another: How to Avoid a Tax Season Headache

Living and working in two states can take a heavy toll on your paycheck and give you a headache come tax time. Here's what to know.

Kiplinger

How Much Gold Can You Legally Keep at Home in India? What the Law Really Says

Gold in an Indian home is never just gold. It is a mother’s wedding bangles locked away for decades, a chain bought during a good harvest, a pair of earrings gifted quietly by a grandmother “for your future.” Yet the moment news breaks about an income-tax raid or gold seizure,…

Times Life

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Kiplinger

Ask the Editor, February 6: Questions on Federal Income Tax Deductions

In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions

Budget and the Bees

Ohio Income Taxes Just Changed: The New 2.75% Flat Rate Explained

Ohio has officially entered a new era of fiscal policy. Starting in 2026, the state fully transitioned to a flat tax system. This move simplifies the filing process and increases the state’s economic competitiveness. The change concludes a multi-year effort to condense Ohio’s complex, multi-bracket tax structure into one streamlined…

Reason

Dumping State Income Taxes Could Mean High Sales Taxes—or an Opportunity for Smaller Government

A new report warns that some plans for replacing income tax revenue rely on unrealistic assumptions.

Times Life

7 Things That Will Get Cheaper After Budget 2026

Most budgets promise relief. Very few actually change what you pay in real life. Budget 2026 is one of those rare ones that works quietly. There were no dramatic tax cuts, no loud announcements, and no instant price drops flashed across screens. Yet, beneath the fine print, the government made…

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Whats Hot

Bengaluru Real Estate Executive C.J. Roy Found Dead Amid Income Tax Searches

C.J. Roy, 57, chairman and founder of the Confident Group, a prominent real estate developer, was found dead with a gunshot injury at his Langford Town residence on Friday, according to police.

Kiplinger

Ask the Editor, January 30: Questions on Social Security Benefits Taxation

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the taxation of Social Security benefits

The Independent UK

Where is my tax refund? Here’s why it might be coming later this year

Tax refunds are issued when an individual has paid more tax throughout the year than they ultimately owe, often due to withholding

Kiplinger

Don't Overpay the IRS: 6 Tax Mistakes That Could Be Raising Your Bill

Is your income tax bill bigger than expected? Here's how you should prepare for next year.

Kiplinger

Oregon Tax Kicker in 2026: What's Your Refund?

The Oregon kicker for 2025 state income taxes is coming. Here's how to calculate your credit and the eligibility rules.

Budget and the Bees

The Jan 27 “Tax Kickoff”: 5 Changes to the EITC That Could Boost Your Refund This Year

Tax season officially opened yesterday, January 26, but for millions of working Americans, the real headline isn’t the date—it is the quiet expansion of the Earned Income Tax Credit (EITC). Often called the “working family’s bonus,” the EITC has been adjusted for inflation and tweaked by the recent tax overhaul.…

The Guardian - UK

Reform says it would cut green policies to fund £2bn income tax cut in Scotland

Party’s pitch to voters in May Holyrood elections dismissed as ‘profoundly unserious, almost comically so’ by head of IPPR Scotland

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