Can Luigi Mangione Donors Get Tax Deductions? What to Know
Donors contributing to the legal defense fund of Luigi Mangione, the accused killer of UnitedHealthcare CEO Brian Thompson, through GiveSendGo are unlikely to receive tax deductions, according to experts. Why It Matters A fundraiser launched on GiveSendGo by the December 4th Legal Committee and accepted by Mangione’s legal team has amassed more than $800,000 in […]
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Republican Rebels Who Voted Against Trump’s Multitrillion Dollar Tax Breaks
Two Senate Republicans voted with Democrats in an unsuccessful bid to block a multitrillion-dollar tax and spending framework that was proposed by their own party, passing in the early hours of Saturday in a 51-48 vote. The two GOP rebels were Senators Susan Collins of Maine and Rand Paul of Kentucky. Newsweek contacted them for […]
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Ted Cruz Speaks Out Against Donald Trump’s Tariffs: ‘Tax on Consumers’
By Hugh Cameron is Newsweek U.S. news reporter based in London, U.K. with a focus on covering American economic and business news. Hugh joined Newsweek in 2024, having worked at Alliance News Ltd where he specialised in global and regional business developments, economic news, and market trends. He graduated from the University of Warwick with […]
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Most Common Mistakes To Avoid On Your Tax Return
Tax season is almost at an end, with payments and returns due on April 15. Making sure you file an accurate and complete tax return is essential to making sure you don’t suffer any penalties and get your refund in good time. A tax return may be inaccurate or incomplete for various reasons, ranging from […]
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Map Shows Battle Against Property Tax Across US States
The movement to drastically cut and even eliminate property taxes, which local governments heavily rely on to fund crucial public services, is gaining momentum in Republican-led states across the country. Four states—including Florida, Illinois, Kansas and Pennsylvania—currently have plans to eliminate property taxes entirely. Others—including Texas and Montana—are trying to significantly reduce them. In Florida, […]
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Donald Trump Tax Plan Could Give Americans an Extra $24,000 Per Year
President Donald Trump’s tax plan could give some Americans an extra $24,000 per year. U.S. Commerce Secretary Howard Lutnick said Trump is looking to eliminate income tax for Americans earning less than $150,000, and at the higher end of that bracket, some would save up to the $24,000. Experts, however, are concerned with this massive […]
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IRS Warns Americans of ‘Dirty Dozen’ Tax Season Scams
The IRS has issued a new warning to Americans about the “Dirty Dozen” tax scams, an annual list of the most common and dangerous schemes that taxpayers should watch out for during tax season. Why It Matters Falling victim to a tax scam can result in serious financial losses, stolen identities, and even legal trouble. […]
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Could Florida Eliminate Property Tax? It’s Complicated
Florida Governor Ron DeSantis has signaled his support for eliminating property taxes in the Sunshine State or drastically lowering them, though such a move is expected to be an uphill battle. The Republican governor agreed with a post shared on X, formerly Twitter, last week that said property taxes should not be based on the […]
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Fox Host Questions GOP Rep. With Report Trump Tax Plan Adds $7.5Tn in Debt
Representative Byron Donalds, a Florida Republican, was asked by Fox News Sunday host Shannon Bream about a recent report estimating that President-elect Donald Trump‘s tax plan will add trillions of dollars to the ever-growing national debt. Donalds, who represents Florida’s 19th Congressional District and just won reelection, serves on the House Committee on Financial Services […]
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