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The Latest Breaking News from Income Tax

Workers set for income tax hike as Rachel Reeves ‘to extend freeze on thresholds’

Conservatives have accused Keir Starmer and Rachel Reeves of preparing to break a manifesto pledge

The Independent UK

Rachel Reeves expected to extend ‘stealth’ freeze on income tax thresholds

Policy known as ‘fiscal drag’ could bring in as much as £7bn a year after 2028, while dragging workers into paying more tax

The Guardian - UK

Budget 2024: what taxes could Rachel Reeves raise?

The chancellor is aiming to make £40bn worth of tax rises and spending cuts to fill ‘black hole’ in public finances

The Guardian - UK

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

States That Offer a Child Tax Credit

Fifteen states plus the District of Columbia currently offer a child tax credit. Here’s how much you can get this tax season.

Kiplinger

Tax-free cash withdrawals ‘surge while pension contributions plummet’ as savers panic over Budget rumours

A shake-up of the UK’s generous pension tax allowances has been feared for several years as chancellors search for ways to raise money without further indebting the country or raising income tax

The Independent UK

Millionaire business owners urge Rachel Reeves to raise £14bn from rise in capital gains tax

Group of wealthy investors argue it would have no impact on investment in the UK and would raise vital funds for public services

The Guardian - UK

What are Trump's Positions on Capital Gains Taxes?

Harris and Trump have different views on taxing capital gains. See what Trump said he would do if elected to the White House.

Kiplinger

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Death in the family

Here's what you need to know about the deceased's final tax return, reporting income and deductions, inheritance and more.

The Street

Veteran advisor reveals different Harris, Trump tax plan impacts

As proposals are reviewed, a word of caution is emphasized.

The Street

Ticketmaster 1099-K: A guide to 1099-K reporting for sellers

Sell on Ticketmaster? Get a 1099-K if payments exceed the threshold. Report all sales, pay tax only on profits. No 1099-K? You still must report profits.

The Street

What is Net Investment Income Tax (NIIT) and Who Pays It?

Find out which income levels are subject to the 3.8% NIIT surtax.

Kiplinger

What is the marginal tax rate and how to calculate it

Your marginal tax rate is the highest tax rate you’ll pay on your income, based on your federal income tax bracket. Learn more about this tax rate.

The Street

S-corp taxes: An introductory guide

S corporations pass income, losses, and credits to owners, who report them on personal taxes.

The Street

Nearly 10% Of S&P 500 Companies Paid No Tax — Including Tesla

With all the bellyaching about U.S. corporate taxes, you'd think S&P 500 companies were paying up. But some get away with paying nothing.

Investors Business Daily

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news in one place.

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The Street

Partnership taxes: A guide for beginners

Partnerships don't pay federal tax; income, losses, and credits pass to partners, who report them. Learn more about partnership taxes here.

Kiplinger

The TCJA: What It Is and How Expiration and Proposed Changes Affect Your Taxes

How will expiring tax cuts impact your wallet?

inkl

Day Trade Tax Rate Explained: How Much Traders Pay

Understanding the day trade tax rate might appear complicated. A lot of traders feel confused when it's about taxes. What will be the amount due? Which regulations should you be aware of? These are typical queries that lead to bewilderment.

The National (Scotland)

Scottish income tax policy has 'little to no impact' on most businesses – new study

MORE than half of businesses in Scotland have experienced “little to no impact” from the Scottish Government’s income tax policy, according to…

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news in one place.

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Reason

Trump and Harris Both Favor Tax Hikes That Would Hurt Ordinary Americans

The costs of steep tariffs and a higher corporate income tax extend far beyond the advertised targets.

The Conversation

Labour is talking about a wealth tax again – what are its options and what might work?

Labour Party leader Chris Hipkins recently revealed the party is looking once again at its tax policy, including a possible wealth tax or a “capital income tax” (CIT).

Fortune

Project 2025: Will the rich ever pay tax again?

A little-known proposal in Project 2025, the Universal Savings Accounts (USA), means the next Bill Gates or Jeff Bezos will never get taxed.

Kiplinger

How Trump and Harris Might Handle Expiring TCJA Tax Cuts

Many key provisions of the TCJA will expire soon. Here’s why it matters during the 2024 election cycle.

The Independent UK

Montana Democrat Busse releases tax returns as he seeks a debate with Gov. Gianforte

Montana Democratic gubernatorial candidate Ryan Busse has provided 10 years of income tax records as he tries to goad Republican Gov. Greg Gianforte into debating him ahead of the November election

Kiplinger

A Look at Kamala Harris's Tax Plans Ahead of the Election

Under Harris's tax proposals, upper-income individuals would pay more taxes, while the middle class and lower-income people would pay less.

Kiplinger

A Look at Donald Trump's Tax Plans

We take a look at Donald Trump's tax plans and what they could mean for you. Here's what you need to know.

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