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The Latest Breaking News from Tax Exemption

Trump Tax Bill 2025: What Changed and How It Affects Your Taxes

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's "big beautiful bill."

Kiplinger

The Estate Tax Exemption Amount for 2026

The estate exemption amount is significantly higher than last year, creating a potentially promising tax year for inheritances and estates.

Kiplinger

Top sports teams are bought and sold for billions worldwide. The risky trend is coming to Australia

In recent years, private equity has changed the global sports landscape, with clubs from Major League Baseball (MLB) and the National Football League (NFL), rugby union in New Zealand and European soccer reaping massive financial benefits.

The Conversation

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read the most diverse news in one place.

Keep electric car tax cut, remove pollution instead

A tax exemption for electric vehicles could put another 1.5 million on Australian roads if it is extended to 2035, modelling shows, and cut carbon emissions.

AAP

Why Some Nonprofits Are Losing Tax-Exempt Status in 2025

The nonprofit world is buzzing, and not in a good way. Across the United States, organizations that once proudly wore the badge of tax-exempt status are now watching it slip through their fingers. The year 2025 has brought a perfect storm of rule changes, compliance crackdowns, and IRS enforcement that’s…

Everybody Loves Your Money

9 Things Frugal People Always Do When They First Buy a House

Frugal people don't stop saving once they've bought a house -- they keep looking for ways to make the most of their money. From claiming every property tax exemption to tackling DIY projects, they...

GOBankingRates

Ask the Editor, August 29: Tax Questions on Estate and Gift Taxes

In this week's Ask the Editor Q&A, we answer questions from readers on estate and gift taxes.

Kiplinger

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10 Estate-Planning Myths Boomers Still Believe—Updated for 2025 Law Changes

Estate planning is one of those financial tasks many people know they should do, but it’s easy to put off or misunderstand. Unfortunately, outdated beliefs and confusion about recent law changes can leave families unprepared. In 2025, updates to tax exemptions, retirement account rules, and trust structures make it even…

The Free Financial Advisor

‘Thankfully the kids didn’t notice’: Customers get to Airbnb in Galveston, Texas. Then they see something that wasn’t mentioned in the listing

Did this homeowner turn their house into a graveyard just for the tax exemption? Some people seem to think so.

The Mary Sue

Pennsylvania Gives Amazon Potentially Unlimited Sales Tax Exemption

The tech and online retail giant will build at least two data centers in the Keystone State but pay no sales taxes on equipment.

Reason

S. Ct. Rejects Wisconsin Unemployment Tax Exemption's Different Treatment of Proselytizing and Non-Proselytizing Religions

The government generally may not "distinguish[] among religions based on theological differences in their provision of services."

Reason

Big GOP Tax Bill Could Change Your Estate Planning for 2025

The GOP extended and increased the higher gift and estate tax exemption and affected AMT thresholds. What might this mean for your estate plan?

Kiplinger

The IRS is in chaos

DOGE, departures, data agreements and more are creating havoc at the IRS.

Kiplinger

EVs to cost more under a Coalition government, after Dutton’s apparent backflip on popular tax break

Polestar says Dutton’s move shows ‘a complete lack of understanding of the significant cost-of-living, climate and health benefits of EVs’

The Guardian - AU

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Reason

Can Harvard Lose Tax Exemption for "Pushing Political, Ideological, and Terrorist Inspired/Supporting 'Sickness'"?

Just as the government can't generally deny tax exemptions to groups that engage in supposed "hate speech," so it may not deny tax exemptions to universities that promote or tolerate ideological agendas that the government disapproves of.

Euronews

Trump puts an end to tax exemption for low-value Chinese imports

Chinese online retailers such as Temu and Shein had been taking advantage of a little-known tax exemption, known as the de minimis provision, to sell their products at very low prices in the US.

The Independent UK

Trump will stop the tax break for retailers like Shein. It could change the way we shop

The days of getting low cost goods from brands like Temu could be numbered

The Conversation

The viability of some charities could rest on how they’re taxed – we should be cautious about changing the rules

There have long been calls for New Zealand’s charity-linked businesses to lose their tax exemption status. Under the current rules, companies such as Sanitarium, which is wholly owned by the Seventh-day Adventist church pay no income tax.

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Kiplinger

DeSantis 'Second Amendment Summer Tax Holiday' for Florida Turns Heads

A $115.6 billion budget proposal offers Floridians everything from 2025 sales tax holidays to a one-time mortgage tax exemption.

Top News

Trudeau's Government Announces Tax Breaks And Cash Relief

Canadian PM Trudeau's government unveils relief measures including tax exemptions and cash payments to aid citizens facing financial strain.

Kiplinger

Voters Approve New Veteran Property Tax Relief

Thanks to the election, some Veterans will soon see expanded property tax exemptions.

Kiplinger

The 2025 Estate Tax Exemption

The IRS increased the exemption before the GOP tax bill dropped. Find out how the plan could permanently change the threshold for estate taxes.

Latin Times

IRS Unveils Higher Standard Deductions And New Tax Brackets For 2025

In addition to higher standard deductions, the IRS has proposed several other significant changes for 2025. Notable adjustments include updates to long-term capital gains brackets, estate and gift tax exemption limits, and eligibility criteria for the child tax credit.

International Business Times

IRS Announces Notable Changes Coming For Filing Taxes

Notable adjustments include updates to long-term capital gains brackets, estate and gift tax exemption limits and eligibility criteria for the child tax credit.

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