Boston Mayor Michelle Wu’s plan to increase property taxes on businesses beyond the state limit is continuing to receive skepticism, with the City Council the latest to express concern on how the proposal could do more harm than good. Subscribe to continue reading this article. Read original article here Denial of responsibility! Pioneer Newz is … Read more
The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit outcome by $40 million by the end … Read more
Maskot | Maskot | Getty Images The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of waiting until tax season, according to new Treasury Department data. About 90% of consumers who qualify for a “new clean vehicle” tax credit — … Read more
New York City officials are forecasting overdue property taxes will surge to a record $880 million in the current fiscal year — and they say it’s because they’ve lost the power to enforce punishments for delinquencies. The staggering figure — forecasted for the fiscal year ending in June — marks a jump of more than … Read more
At a time when top combined federal and California state income tax rates approach nearly 50%, and many tax breaks are set to expire soon, understanding the basics of tax planning is crucial if you want to secure your financial future. Drawing from over three decades of experience, I have distilled the top five tips … Read more
A bipartisan group of Colorado policymakers approved nearly a dozen recommendations to soften the pinch of property tax increases Friday, including an “adjustable cap” on future hikes and mechanisms to spread out hefty tax bills. State Sen. Chris Hansen is chairman of the state Property Tax Commission, which issued its recommendations Friday. (Photo by AAron … Read more
A city only exists with tax revenues — and the collection of those taxes should be simple, streamlined and fair. Candidates for San Jose City Council are calling for a complicated, dubious and unwieldy new tax. It’s called The Empty Homes Tax (EHT), and it would create an invasive new bureaucracy with little promise of … Read more
New Delhi: The Income Tax Department has identified some persons and entities whose payment of taxes for financial year 2023-24 is not commensurate with the financial transactions made by them during this period, the Finance Ministry said on Sunday. “Hence, as a part of taxpayer service initiative, the Department is undertaking an e-campaign, which aims … Read more
The average Gen Z American estimates that they only understand about 44% of the tax filing process, according to new research. A survey of 2,000 Americans 18-26 looked at how they’re feeling about tax season and found that over half (56%) admit they’re intimidated by the process of filing their taxes. Interestingly, the same percentage … Read more
California taxpayers can now use IRS Direct File, a free electronic filing service that debuted earlier this year for federal tax returns. The IRS’ pilot program launched in January for government workers and was expanded Monday, March 4 to qualifying taxpayers across the state. The agency said income earners who typically claim a standard deduction … Read more
