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The Latest Breaking News from Income Tax

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).

GOBankingRates

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.

Kiplinger

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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 Free Financial Advisor

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

The Guardian - UK

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.

Kiplinger

Local leaders to be given powers to choose how some income tax is spent, Reeves announces

Treasury officials asked to draw up a roadmap for measures to be published at the Budget

The Independent UK

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Washington State Just Passed a 9.9% Income Tax on Those Making $1 Million

The new tax “is probably one of the biggest changes in Washington state political history since our founding,” says one state representative.

Reason

Inside the widening income tax rate gap for residents in blue states compared to red states

Experts say eliminating a state’s personal income tax does not mean a more affordable lifestyle

The Independent UK

First Thing: Trump steps up pressure on European allies to help protect strait of Hormuz

US president says it is ‘only appropriate’ for Europe to help, and warns failure to do so would be ‘very bad’ for Nato. Plus, meet the Americans withholding their federal income tax

The Guardian - UK

After 93 years and a 25-hour filibuster, Washington finally has an income tax, and billionaires are already packing their bags

Howard Schultz is heading to Miami. Jeff Bezos left in 2023. Now Washington's new 9.9% millionaires tax is testing whether the state's wealthiest residents see their home as more than a line on a tax return.

Fortune

Can You Afford Retirement in Greece? 3 Tax Benefits Make It Possible

Affordable luxury in the Mediterranean may be closer than you think. Here's how.

Kiplinger

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

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Reason

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.

International Business Times

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 UK

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.

AAP

'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.

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Bored Panda

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…

Everybody Loves Your Money

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…

The Free Financial Advisor

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…

Budget and the Bees

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…

Fortune

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.

The Independent UK

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

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