WASHINGTON, D.C. – If you’re paying off student loans, you may be eligible for a significant tax break in 2025. The Student Loan Interest Deduction allows borrowers to deduct up to $2,500 in interest paid on qualified student loans, reducing taxable income and potentially increasing tax refunds. With many Americans struggling with student loan repayments,…
Divergent Tax Proposals: Senate and House Differ on Homeowner Relief Budgetary Dilemma: Balancing Tax Relief and Financial Stability According to The Capitolist, Florida’s Senate and House have put forth tax proposals aimed at easing the burden on homeowners regarding insurance costs, but they differ on reductions in commercial-lease taxes and sales-tax holidays. The tax break…
Several eligible recipients will get relief under the Inflation Reduction Act. Eligible Recipients Will Get Tax Breaks and Several Reliefs Following the Passing of the Inflation Reduction Act After passing the Inflation Reduction Act, several eligible recipients expect tax breaks and various reliefs to help them meet their needs, especially to pay their bills and…
Pactiv Evergreen, seeking to reduce the assessed value of the paper mill by $14 million, has faced strong opposition from Canton Mayor Zeb Smathers. Canton’s Pactiv Evergreen plant closure looms, and new challenges have arisen, centering around a proposed tax break and confusion regarding workers’ health insurance The potential reduction in the plant’s value, from…
Charitable Act aims to extend COVID-19 era tax breaks for taxpayers. Charitable Act to Continue Reducing Tax Bill Under COVID-19 Era Tax Break A new bill proposed by a group of lawmakers, the Charitable Act, aims to extend a COVID-19 era tax break that allows several taxpayers to increase charitable deductions by reducing their taxes…
The board has scheduled a public hearing for June 7, during its first meeting of the month, to discuss this proposal. The Cortlandville town board in Cortland County is planning to introduce a new law that would grant volunteers, and first responders, a 10% property tax break The law, drafted by Town Attorney John DelVecchio,…
This initiative has sparked a heated debate as critics question the implications for renters. Texas landlords are set to benefit from a lucrative tax break aimed at promoting affordable housing, potentially saving them a staggering $1 million The controversy surrounding Public Facility Corporations has garnered attention in Houston, where Mayor Sylvester Turner and the housing…
Florida lawmakers are proposing a $1.38b tax package, which includes tax breaks for businesses and shoppers, while the Senate works on its own tax plan. Florida House approves a $1.38B package of tax breaks for businesses and shoppers The Florida House Ways & Means Committee approved the package, which will see a reduction in commercial-lease…