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    • Income

    IRS sets 401(k) limits for 2025, which means a new backlog for some
    Tennessee

    IRS sets 401(k) limits for 2025, which means a new backlog for some

    How tax brackets affect your income tax payments Why taxing, say, 22% of your income is much more complicated than you might think. Here’s a breakdown of what you actually pay in income taxes. Just the FAQs, USA TODAY Americans…

    Posted on Eira Gwyneth
    Donald Trump and Kamala Harris’ proposal not to tax tips is widely popular – and unfair
    Idaho

    Donald Trump and Kamala Harris’ proposal not to tax tips is widely popular – and unfair

    Presidential candidates Kamala Harris and Donald Trump reached a rare agreement when they both proposed eliminating the tax on tips. For restaurant workers, tour guides, massage therapists and anyone who tips, the benefits of this provision are clear: less taxes,…

    Posted on Madoc Meredith
    Senator Schumer promises to lift cap on SALT tax deductions
    Idaho

    Senator Schumer promises to lift cap on SALT tax deductions

    2 minutes reading time Gottheimer and Pascrell talk about the SALT trigger Reps. Josh Gottheimer and Bill Pascrell say Democrats will introduce a bill in the next Congress to restore the SALT deduction. Richard Cowen, NorthJersey.com The controversial cap on…

    Posted on Madoc Meredith
    California was sued twice after passing a corporate tax law that put billions at stake | Dan Walters | Dan-walters
    Idaho

    California was sued twice after passing a corporate tax law that put billions at stake | Dan Walters | Dan-walters

    During Jerry Brown’s first term as governor of California, he became embroiled in a highly complicated dispute over how the state should tax the income of multinational corporations. More than four decades later, the issue has resurfaced in a corporate…

    Posted on Madoc Meredith
    Harris and Trump have in common that they do not tax tips. What you should know
    Idaho

    Harris and Trump have in common that they do not tax tips. What you should know

    Kamala Harris is in favor of abolishing the tip tax and increasing the minimum wage Kamala Harris said she supports eliminating the tip tax and raising the minimum wage. The debate about eliminating the tax on tips for service and…

    Posted on Madoc Meredith

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