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The Latest Breaking News from Income Tax

What to know about Trump's tax breaks for tips and overtime when filing state tax returns

Millions of Americans are expected to claim new federal tax breaks for tips and overtime wages under a law enacted by President Donald Trump

The Independent UK

Texas Has No Income Tax — But Property Taxes Can Get Close To 2% in Some Areas

No state income tax sounds like a financial victory lap. It grabs attention fast, sparks curiosity, and fuels big relocation dreams. Texas leans hard into that headline, and it works like magic on anyone looking to keep more of their paycheck. The promise feels simple and powerful: earn money, keep…

The Free Financial Advisor

Your State Pension Could Soon Be Taxed — Here's What The £23 Gap Means

The full new state pension is just £23 short of the £12,570 personal allowance, frozen by the Treasury until April 2031 as millions more face tax.

International Business Times UK

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I Asked ChatGPT Which States Are Best for Retirement Taxes — Here’s What It Said

I asked ChatGPT to help me analyze some key data and see which states are most cost effective when it comes to retirement taxes.

GOBankingRates

I’m a CPA: Here’s How State Taxes Change Your Real Cost of Living

State taxes can dramatically change what you really pay to live somewhere. A CPA explains how income, property, and sales taxes affect your true cost of living.

GOBankingRates

New IRS Rules Are Live: Which Households Win — and Lose — Most

Here's a look at how these two primary changes will affect taxpayers in 2026.

GOBankingRates

HMRC £50,000 Tax Rule Starts April 2026 as Questions Grow Over Who Needs to Pay

Discover how the new Making Tax Digital for Income Tax affects UK self-employed workers and landlords with income above £50,000, starting April 2026.

International Business Times UK

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Big Companies Flock to Florida in 2026 Seeking Lower Taxes, Talent and Lifestyle Perks

Major corporations continue shifting headquarters and key operations to Florida in 2026, drawn by the state's longstanding lack of personal income tax, business-friendly regulations and appealing quality of life that contrast sharply with higher-cost, higher-tax hubs like California and New York.

International Business Times

Travel guru Rick Steves is happy to pay more taxes

The travel icon and millionaire welcomed Washington's new 9.9% income tax on earnings over $1 million.

Fortune

I Moved to a Tax-Free State And Here Are 10 Costs No One Warned Me About

There’s a genuine thrill that comes with the phrase “tax-free.” It sounds like a cheat code to adult life, a golden ticket where paychecks stretch further and financial stress fades into the background. The idea practically sells itself: no state income tax means more money stays where it belongs. It…

The Free Financial Advisor

These States Hit Middle-Class Earners Hardest at Tax Time

Here are the states that hit middle-class earners the hardest during tax time.

GOBankingRates

Your North Carolina Income Tax Cut Is Coming — But There’s a Catch

North Carolina paychecks might get a boost as personal income tax rates drop toward 2.99%. But a growing debate has lawmakers at a crossroads.

Kiplinger

I-T dept cracked down on non-profits with a law that didn’t apply. Tribunals kept saying no

Imagine being fined for jumping a red light – on a road where the traffic light was installed only after you drove past. That, in essence, is what India’s Income Tax Department has been doing to dozens of non-profit organisations across the country.

Newslaundry

I Asked ChatGPT How Much the Top 1% Would Pay If Taxed at the Same Effective Rate as the Lower 75%

ChatGPT revealed what would happen if the top 1% paid taxes at the same rate as lower earners. The answer isn't what most people expect about tax fairness.

GOBankingRates

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inkl

Top 7 Best Payroll Software in Thailand (2026)

Managing payroll in Thailand is far more complex than simply calculating monthly salaries. Businesses must navigate a detailed regulatory framework that includes personal income tax (PND1), Social Security Fund (SSF) contributions, provident fund deductions, and strict labor law compliance.

Roll Call

Budget reconciliation bill to target ‘fraud’ in means-tested programs, chairman says

House Budget Chairman Jodey C. Arrington offered details on what a budget reconciliation bill could look like Friday, outlining an agenda that includes targeting fraud in the earned income tax credit program and finding savings in other means-tested benefit programs. Arrington, R-Texas, and Senate Budget Chairman Lindsey Graham, R-S.C., have…

GOBankingRates

I Asked ChatGPT If There Are Good Tax Breaks for Lower-Income Americans: Here’s What It Said

From the Earned Income Tax Credit to the Child Tax Credit, see key tax breaks low-income filers can use in 2026 to boost refunds or lower their tax bill.

Reason

How Taxes Are Reshaping Where Americans Live and Work

Increasing income taxes almost always results in less revenue and less economic activity.

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Kiplinger

When Starting a Business, the End Is a Very Good Place to Start

It may seem crazy to start a business with the end in mind, but thinking about your exit first will have tax benefits and ease crisis management down the line.

GOBankingRates

4 States That Don’t Tax Retirement Distributions

You'll have less math to do when it comes to income tax rates or required minimum distributions for such retirement accounts as a simple IRA or 401(k).

Kiplinger

Tax-Free Income in 2026? These Changes Could Wipe Out Your Federal Bill

New legislation aims to exempt up to $92,000 in earnings from federal income tax. Here's who would win.

Kiplinger

A Rare Moment in Family Tax Planning Has Arrived: 3 Ways to Seize It

The tax landscape has stabilized, giving wealthy families an opportunity to move away from reactive decision-making and redirect their attention toward planning.

The Free Financial Advisor

Tennessee’s Sales Tax Structure — Understanding the Trade-Off

No income tax sounds like a dream, right? That headline grabs attention fast, but the real story lives in the fine print where every purchase quietly tells the truth. Tennessee built a tax system that flips the usual script, and that choice creates a trade-off that shapes everyday life in…

The Guardian - UK

Side hustles: what you need to know about paying tax in the UK

Whether it’s buying and selling clothes online or some freelance work on the side, plan ahead for potential tax issues

Kiplinger

5 Reasons Your Tax Refund Might Be Delayed and How to Fix It

Is your IRS refund taking forever? From filing errors to identity verification, here are five reasons for a tax refund delay, and what you can do today.

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