New rules are in place for those who help people file their taxes in New York. The state's tax department has updated its guide for tax preparers. This guide is a must-read for anyone who helps others with their income tax returns. First, some tax preparers must register with the state. This is not
A prominent senator is raising eyebrows and asking tough questions. Ron Wyden, a key figure in the Senate, is not happy. He wants the SEC to take a closer look at a company called White River Energy Corp. Why? Because there are serious doubts about the tax credits they're selling. The issue is simp
The U. S. government has just started a new program to help kids go to better schools. This program is called the education freedom tax credit. It lets people give money to special accounts that help families pay for different kinds of schools. These schools can be private, religious, charter, or ev
Denmark is making a big change to help people save money on food. Starting in 2028, the government plans to cut taxes on food by a huge amount: DKK6 billion every year. This decision came after a lot of discussion with different political parties in parliament. The main focus of this tax cut is on
Governor JB Pritzker of Illinois made some strong statements recently. He said that the current political situation in the US is even tougher than the COVID-19 pandemic. This is quite a claim, given that the pandemic caused so many deaths. During a podcast, Pritzker was asked how he was handling th
Mississippi is facing a unique situation with its medical cannabis program. The state has been collecting more money than expected from taxes on medical cannabis sales. This has led to a question: What should be done with the extra cash? The Mississippi Attorney General has weighed in on this issue
A recent ruling by a New York City tribunal has put an end to a long-standing tax dispute involving Cantor Fitzgerald Securities. The tribunal decided that the company cannot combine its financial records with those of its unrelated subsidiaries to lower its tax bill. This case, which dates back to
New York is stepping up to give families a financial boost. Starting in 2026, more families can get money back through the Empire State Child Credit. This isn't just a small change; it's a big deal. Before, only certain families could get this help. Now, the rules are changing to include more people
In a shocking turn of events, the head of a Los Angeles charity meant to help the homeless is now facing serious charges. Alexander Soofer, the CEO of Abundant Blessings, is accused of using millions of dollars meant for the homeless to fund his own lavish lifestyle. This includes buying expensive c
Tax time is rolling around again, and New Yorkers need to get ready. The state's tax agency has kicked off the 2025 income tax filing season. This is when both the state and federal tax departments start accepting returns. The big deadline is April 15, so mark your calendars. If you need more time,
