The Latest Breaking News from Tax Exemption

I-T exemption limit for leave encashment upon retirement for salaried employees hiked to Rs 25 lakh

NEW DELHI: In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.

The Times of India · May 26, 2023

Childcare facilities could receive property tax exemption under a proposed Texas amendment

The Texas Legislature voted to send a constitutional amendment to the Nov. 2023 ballot that would allow counties or municipalities to authorize an exemption from property taxes on all or part of the appraised value of real property used to operate childcare facilities. A partial property tax exemption would need…

Ballotpedia · May 23, 2023

Michael Pfleger wants houses of worship to provide youth programs or lose tax exemption

SNEED EXCLUSIVE: St. Sabina pastor seeks methods of curbing the surge in gun violence that usually accompanies summer weather.

Chicago Sun-Times · May 19, 2023

Prepare for 2026 Estate Planning With SPATs, SLATs and DAPTs

The estate tax exemption is set to drop significantly in 2026, but these alternative tongue-twisting tax-savvy trusts could help.

Kiplinger · Apr 12, 2023

New Mexico State Legislature sends two constitutional amendments related to veteran property tax exemptions to the 2024 ballot

The New Mexico State Legislature voted to send two constitutional amendments to statewide ballots in 2024 on March 17 before adjourning on March 18. 

Ballotpedia · Mar 22, 2023

Council's apology after writing to widower telling him he's dead

The letter went on to tell Stuart Dobson he could now claim a tax exemption

Liverpool Echo · Mar 21, 2023

Council apologises after writing to widower telling him he's dead and can claim tax exemption

The local authority told the live and kicking pensioner he was exempt from council tax as he had passed away

Wales Online · Mar 20, 2023

Council sends letter to widower telling him he is dead and can get a tax exemption

Stuart Dobson, 77, received a letter from South Norfolk Council saying it was "sorry to hear" he had died and explained how he could get a tax exemption

Daily Mirror · Mar 19, 2023

Nonprofit hospitals save more in tax exemptions than they provide in charity care: KFF

Nonprofit hospitals reaped almost $28B in tax exemptions from federal, state and local sources in 2020 while providing about $16B in charity care, a new KFF brief found.

Axios · Mar 15, 2023

Missouri would be only state in country that taxes food but not guns under GOP bill

JEFFERSON CITY, Mo. — Missouri would be the only state in the country that taxes food but does not tax gun sales under a bill being considered by the Missouri Senate.

Tribune News Service · Mar 8, 2023