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The Latest Breaking News from Income Tax

Inherited Money or Property? What You Need to Know Before Filing Your Taxes

Inheriting assets comes with various tax considerations. Here's a guide on everything you need to know, from estate taxes to new rules on inherited IRAs.

Kiplinger

Ex-presidential candidate Andrew Yang says it's time to 'stop taxing labor' and make AI foot the bill instead

Andrew Yang said on CNBC the U.S. shouldn’t tax something like labor in the age of AI.

Fortune

Tax the Rich All You Want. It Won't Fix the Deficit.

The problem is not that the government collects too little. It's that the government spends too much.

Reason

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Starbucks Founder to Flee Washington With $3.5B Fortune After State Passes Millionaires Tax

The founder of Starbucks announced he was moving to Florida just as Washington state Democrats voted to create the state's first income tax, targeting those who make more than $1 million a year.

International Business Times

Starbucks Billionaire Howard Schultz Leaves Seattle for Florida the Same Day Democrats Pass Income Tax Bill

Starbucks founder Howard Schultz decided to move to Miami from Seattle after Democrats passed an income tax bill for Washington to levy a 9.9% tax on households earnings $1 million annually.

International Business Times UK

'Be bold': Spender urges income tax shake-up in budget

Australia's tax system needs to be rebalanced towards effort and ingenuity, independent MP Allegra Spender said as she launched her tax reform blueprint.

AAP

Brits And Americans Clash Over Taxes As Folks Decide Who Really Gets Robbed

Albert Einstein is credited with the quote: "The hardest thing in the world to understand is the income tax." Well, we don't know if the great physicist actually said this, but sometimes tax intricacies really do make us pause, and more than once. The British and American tax systems have…

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Tennessee’s Sales Tax Trap: 3 Counties Where You’re Paying More

Tennessee proudly advertises one of the biggest financial perks in the country: no state income tax. That promise attracts newcomers, entrepreneurs, and families who want more control over their paychecks. Yet a closer look at the receipt after a simple purchase often tells a different story. Tennessee relies heavily on…

Everybody Loves Your Money

Texas vs. Florida: Which No-Income-Tax State Actually Leaves You With More Money?

People love hearing that a state charges zero income tax because it sounds like an automatic win for the wallet, almost like finding extra cash inside a jacket pocket you forgot about last winter. Both Texas and Florida market themselves as tax-friendly places that let workers keep more of what…

The Free Financial Advisor

Texas Has No Income Tax — So Who Actually Pays the Most?

The legend of Texas is built on the idea of rugged independence and a ‘tax-free’ lifestyle that lures thousands of new residents every single month. But if you have lived in the Lone Star State for more than one tax cycle, you have probably noticed that your savings are mysteriously…

Budget and the Bees

Think Georgia Dropped Taxes to 4.99%? Here’s the Truth About the 2026 Rate

Georgia residents often notice every dollar missing from their paychecks as the costs of daily essentials like groceries and fuel continue to fluctuate. While the state has initiated significant changes to the tax code, a few common misconceptions exist regarding the actual rates for the current year. Georgia has officially…

Budget and the Bees

Vinod Khosla thinks future presidential candidates should run on removing income tax for those making less than $100,000

The venture capitalist also wants to get rid of capital gains and treat all income as ordinary income to make up for the deficit.

Fortune

Your end-of-tax-year checklist to make your money go further in 2026

Using ISAs, pensions and checking your tax code should all be on your to-do list this month

The Independent UK

Don’t Make These 5 Common Mistakes on Your Tax Return

The IRS warns taxpayers to watch out for these common errors as they prepare to file.

Kiplinger

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Kiplinger

A 9.9% Washington Millionaire Tax is Here: What's Next for High Earners?

Washington’s tax structure is headed for another significant shift that involves "taxing the rich." Will more states follow?

The Independent UK

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

Sports Illustrated

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.

Everybody Loves Your Money

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…

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International Business Times UK

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.

GOBankingRates

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.

The Free Financial Advisor

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…

Kiplinger

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.

The Times of India

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…

GOBankingRates

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...

Reason

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

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

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