As of July 3, the U.S. Congress has passed a sweeping new tax and spending bill that includes the elimination of federal ...

Air cargo shipment volume from Asia has declined by double digits since the U.S. cancelled a tax-free exemption for low-value ...

The sweeping tax package known as the One Big Beautiful Bill (OBBB), which passed on July 3 and is expected to be signed by ...

But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime estate and gift tax exemption. The 2024 lifetime estate tax exemption was $13.61 million (double for ...

HMRC has issued a £1000 warning to eBay, Vinted, Etsy, Facebook marketplace and Air BnB users. HM Revenue and Customs (HMRC) is encouraging those with side hustles and second jobs earning more than £1 ...

Credit unions have held this tax exemption for nearly 100 years. It is a recognition of their not-for-profit, member-owned structure. But recent discussions on Capitol Hill have sparked concern ...

The bill creates an exemption to a statewide 12% limit on the amount of property in a municipality that can be part of a TIF. The 12% rule is in place related to local property taxes because the ...

The 12% rule is in place related to local property taxes because the exemptions mean that businesses in a TIF aren’t paying into the local property tax base yet are using local resources.