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The Latest Breaking News from Income Tax

Why not understanding your taxes can cost you more money

A recent survey revealed that most Americans lack ‘basic tax literacy’

The Independent UK

10 Best States for High-Paying Jobs and Strong Earning Potential

Discover the top U.S. states for high-paying jobs, strong wage growth and affordability.

GOBankingRates

I Asked ChatGPT How Billionaires Pay Hardly Any Taxes — Here’s What It Revealed

ChatGPT explains the buy, borrow, die strategy billionaires use to pay 3.4% tax rates while middle-class Americans pay 14%. All completely legal.

GOBankingRates

From analysis to the latest developments in health,
read the most diverse news in one place.

James Talarico says the biggest 'welfare queens' in America are 'the giant corporations that don't pay a penny in income taxes'

The 2026 Senate hopeful says major corporations cost taxpayers far more than social safety net programs.

Fortune

Bold company tax proposal still friendless after revamp

An alternative corporate tax proposal could have greater economic benefits if a requirement to be budget-neutral was removed, the Productivity Commission says.

AAP

Mamdani's Millionaire's Tax: Let the New York Exodus Begin?

Will higher income taxes drive the wealthy to flee New York in 2026?

Kiplinger

Trump's Plan to Eliminate Income Tax: 7 Things to Know Now

The potential consequences of eliminating taxes in favor of Trump tariffs could impact everything from inflation to Social Security and might give some U.S. taxpayers pause.

Kiplinger

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Financial Expert: Here’s the Smartest Way Boomers Can Give Kids Tax-Free Money

Financial expert Lance Morgan reveals why $19,000 is the magic number for boomers helping their kids financially. Here's how the tax-free gift strategy works.

GOBankingRates

I Asked ChatGPT To Find the Best Places To Retire With Zero Sales Tax

Forty-five states have sales tax, which means five do not — good news if you're looking to cut down on how much you pay in taxes once you retire.

GOBankingRates

Interest rate cut next week ‘nailed on’ as UK economy grows just once in seven months

Pre-Budget worries and speculation that chancellor Rachel Reeves would hike income tax has been blamed

The Independent UK

Reeves criticises budget leaks and says income tax decision taken ‘in partnership’ with PM

Chancellor defends budget but tells MPs there were ‘too many leaks’ and that and much of them were inaccurate

The Guardian - UK

Reeves: PM and I decided ‘as a team’ not to hike income tax

The Chancellor also said a leak revealing she had dropped plans for an income tax rise was ‘incredibly damaging’.

Evening Standard

10 State Income Tax Adjustments Retirees Need to Review

State governments are rolling out new income tax adjustments, and retirees are among the groups most affected. These changes range from updated thresholds to new...

Saving Advice

Ask the Editor, December 5: Capital Gains and Tax Planning

In this week's Ask the Editor Q&A, Joy Taylor answers questions on capital gains tax rates and end-of-year tax planning

Kiplinger

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International Business Times UK

US Tax Refunds to Rise $675 on Average Next Year; Nearly 50% of Americans Plan to Use Them For Bills

Enhanced tax breaks under US President Donald Trump's One Big Beautiful Bill Act will boost federal income tax refunds next year by several hundred dollars.

We Got This Covered

Donald Trump promises to eliminate the income tax for every single American, but there is a catch

This can't be a real idea.

The Guardian - UK

Treasury launches inquiry into budget leaks with ‘full support’ of Rachel Reeves

It comes after major policies such as freeze on income tax thresholds were reported in chaotic build-up to budget

International Business Times UK

Trump Says There May Be No 'Income Tax to Pay' as POTUS Boasts Tariff Numbers

US President Donald Trump claimed that because of the high tariff revenues, there may not be a need to pay federal income tax.

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The Conversation

The clock is ticking on a golden opportunity for real change in Australia

The May 2026 federal budget will mark one year since the Albanese government’s unexpected landslide win at the last election.

GOBankingRates

4 Moves Retirees Need To Make Now To Prepare for 2026 Tax Rules

Tax law changes every now and again, so it's good to keep abreast of the new updates that might affect your life. Even if you're retired, some recent changes to income tax brackets and tax deductions...

Roll Call

Takeaways: Hegseth doubles down on drug boat strikes during Cabinet meeting - Roll Call

Defense Secretary Hegseth vowed to put drug traffickers “at the bottom of the ocean” during a White House Cabinet meeting.

The Guardian - UK

Starmer has little choice but to bind himself closer to his chancellor

Ditching Rachel Reeves would put spotlight back on real context for decision to drop idea of breaching manifesto

Kiplinger

How Are I Bonds Taxed? 8 Common Situations to Know

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but straightforward.

The Guardian - UK

How the standoff between Rachel Reeves and the OBR unfolded

Treasury’s independent economic forecaster says outlook for economy rosier than chancellor led everyone to believe

The Conversation

New York’s wealthy warn of a tax exodus after Mamdani’s win – but the data says otherwise

New York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%. Combined with the state income tax, which is 10.9% for the top bracket, the increase would cement the city’s position as having the highest taxes on top…

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Productivity Commission

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Grattan Institute

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the Productivity Commission

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The Kiplinger Tax Letter

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TurboTax

75 stories

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