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The Latest Breaking News from Tax Cuts

Plan Now, Save on Taxes Later: Tax Law Reset Is Coming

Don’t let the sunsetting of provisions in the Tax Cuts and Jobs Act catch you off guard. Here are some ways to take advantage of lower tax rates now.

Kiplinger

Jeremy Hunt unsure if government can afford more tax cuts

‘I don’t yet know if I can’, says chancellor when asked about pre-election tax giveaway talked up by PM

The Independent UK

Arkansas's Tax Cuts and Quality of Life Attract Population Surge!

Discover how states like Arkansas are attracting residents with low taxes, law and order, and a high quality of life, while blue states struggle to retain ...

Top News

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Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Institute for Fiscal Studies says personal taxes are rising despite much-hyped Tory tax cuts

The Independent UK

The Greens ring in the new year with a new fight over Australia’s housing crisis

Adam Bandt signals new rent freeze push and criticises ‘tax cuts for billionaires’ as Labor aims to get ‘help to buy’ scheme through parliament

The Guardian - AU

Starmer suggests no tax cuts for two years under Labour without economic growth

Labour leader says growth must come first, and concedes his £28bn green energy investment could shrink

The Independent UK

Booze tax cuts approved to boost tourism

The cabinet has approved tax cuts on alcoholic beverages, with wine prices set to fall significantly, in order to boost tourism.

Bangkok Post

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Where the Republican presidential candidates stand on the economy

GOP presidential hopefuls know that the economy is an important issue — if not the top issue — for voters. That means it's a big talker on the campaign trail and a focus area for winning votes.

WEKU

Labour tax cuts would threaten another 'period of austerity' for public services, warns IFS

Sir Keir Starmer and shadow Chancellor Rachel Reeves are reported to be considering tax cuts in Labour’s election manifesto, possibly to income tax

Evening Standard

Humza Yousaf attacks Tories for 'choosing tax cuts for wealthy' over fair NHS pay

HUMZA Yousaf has accused the UK Government of prioritising “tax cuts for the wealthy” over fair pay for NHS staff as junior doctors in England…

The National (Scotland)

How Regular Families Could Be Affected if Tax Cuts Expire

You don’t have to have a large estate to see a significant impact on your taxes once provisions in the 2017 Tax Cuts and Jobs Act sunset (if Congress doesn’t act).

Kiplinger

Six things to watch in 2024 global economy, from tax cuts to AI

The Israel-Hamas war could broaden, and many developing countries are on a path to crisis

The Guardian - UK

Five charts explaining the UK’s economic prospects in 2024

As we enter an election year, how will the effects of inflation, weak GDP growth, unemployment, tax cuts and rising housing costs sway voters’ intentions?

The Guardian - UK

How a spring UK budget could fire the starting gun for an early election

UK economic prospects are bleak but an agenda-setting fiscal event such as sweeping tax cuts in March offers another roll of the dice

The Guardian - UK

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The Guardian - UK

Jeremy Hunt fuels election speculation as 6 March spring budget announced

Chancellor has asked the OBR to prepare forecasts for the economy and public finances to be presented to parliament

The Independent UK

Chancellor Jeremy Hunt announces date for 2024 spring Budget

Tories expected to seek tax cuts in appeal to voters as they founder 20 points behind Labour in polls

Evening Standard

Conservatives float tax cuts and help for first-time buyers to turn around dire polling

Longer term fixed mortgage deals and inheritance tax cuts among attention-grabbing pledges reported to be under consideration

The Guardian - UK

May general election? The economic case for going early (and clinging on)

Falling inflation and tax cuts in a February budget would signal a spring poll but weak growth and rising mortgage bills bode caution

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Kiplinger

How to Prepare for Upcoming Estate Tax Law Changes

High-net-worth families have time to take advantage of higher estate and gift tax exemptions before they’re significantly reduced if provisions of the Tax Cuts and Job Act are allowed to sunset.

The Independent UK

Jeremy Hunt’s tax cuts will add just 0.25% to UK GDP, Bank of England says

In a damning assessment of the chancellor’s fiscal shakeup, the Bank of England said the measures ‘could’ boost national output by a quarter of a per cent

The Guardian - UK

David Cameron defends UK’s decision not to vote for UN resolution demanding ceasefire in Gaza – as it happened

Foreign secretary says ceasefire needs to be ‘sustainable’ as he appears before House of Lords European affairs committee

The Guardian - AU

Jim Chalmers’ lucky budget surplus is no comfort to workers whose pay is shrinking

It’s hard to get excited about Myefo figures when median earnings fell, stage-three tax cuts remain sacrosanct and there are no new measures to relieve cost-of-living pressures

The Texas Tribune

I’m a Texas homeowner. When will I see my tax cut?

Tax policy is messy. Here are a few tips to help you understand what the recent voter-approved tax cuts mean for your mortgage.

Kiplinger

What You Can Do Now to Avoid Paying Higher Taxes in 2026

Tax rates are set to increase once the Tax Cuts and Jobs Act sunsets at the end of 2025, but steps you take now could put you in a better financial position.

The Conversation

Australia has one of the weakest tax systems for redistribution among industrial nations – the Stage 3 tax cuts will make it worse

One of the chief purposes of government payments and taxes is to redistribute income, which is why tax rates are higher on taxpayers with higher incomes and payments tend to get directed to people on lower incomes.

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