Louisiana State

CBS News

Presidential candidates commonly trot out new tax proposals as part of their campaign platforms, often pledging to help ease the financial burden on taxpayers. This year, the plans emerging from rivals Kamala Harris and Donald Trump could affect voters' paychecks in very different ways. Former President Donald Trump would seek to extend the tax cuts enacted through the Tax Cuts and Jobs Act, his signature 2017 legislation that reduced taxes for most Americans, although research has shown the top earners received the biggest benefits. He's also proposing to eliminate taxes on tips and on Social Security income, while also lowering the corporate tax...

How your paycheck would be impacted by the Trump and Harris tax plans

New Jersey State

NJ Spotlight

There’s still plenty of time to apply. The deadline to file for 2023 tax year is Oct. 31. The latest round in the Senior Freeze property-tax relief program began July 15, with the first reimbursement checks issued. The New Jersey Department of the Treasury’s Division of Taxation said it will continue issuing weekly reimbursements as more applications are filed and approved.

Senior Freeze property-tax relief checks are flowing

Kiplinger

The refundable amount of this tax break is slightly higher for the 2025 tax filing season. Here’s what you need to know.

How Much Is the Child Tax Credit for 2024?

FinanceBuzz

Which states charge the highest estate and inheritance taxes, and just how much money will they take? Here is a list of states with the fiercest death taxes.

The 18 States With the Highest Estate and Inheritance Taxes

Salon

Vice President Kamala Harris is set to unveil her populist economic agenda at a campaign event in North Carolina on Friday. This highly anticipated plan is Harris’ first-ever detailed vision of her economic policies and includes proposals that prioritize “lowering costs for American families,” going beyond President Joe Biden's campaign platform, The Washington Post reported.

Kamala Harris rolls out agenda: $6K tax credit for newborns, $25K subsidy for first-time homebuyers

Pennsylvania State

The US Sun

AN estimated 70,000 Americans will be paid from a $4.5 billion pot next year. Pennsylvania approved a new law to make it easier for residents to reclaim unclaimed property. Unclaimed property can come from uncashed checks, rebates, dormant bank accounts. The new law allows the Treasure Department to directly return...

Americans can receive up to $500 in unclaimed cash from $4.5 billion pot – and there’s nothing to do but wait

The Hill

The most prominent tax policy idea for punishing single parenthood is eliminating the “head of household” filing status.

Opinion: ‘Head of household’ no more: Republicans want to make being a single parent more expensive

Snopes

The plan will be "the absolute end of the middle class," U.S. Rep. Lauren Boebert, from Colorado, claimed in an X post.

Fact Check: Yes, Harris Plans to Institute 25% Tax on Unrealized Capital Gains — of Wealthiest Americans

Social Security will undergo several important changes in 2025 to keep benefit payments aligned with general wage levels and inflation. Social Security benefits will get a cost-of-living adjustment to help recipients keep up with rising prices across the economy. Social Security recipients under full retirement age will be able to...

3 Big Social Security Changes Coming in 2025 May Surprise Retirees

WashingtonExaminer

Vice President Kamala Harris is on record calling for raising payroll taxes on workers. It’s further evidence that middle class households would pay higher taxes under a Harris White House. The presumptive Democratic presidential nominee personally authored a post on Medium during her 2020 presidential bid endorsing the creation of two additional payroll taxes as part of […]

Kamala Harris would increase payroll taxes

GOBankingRates

Nearly 65 million Americans rely on Social Security benefits to pay the bills and enhance their lifestyles in retirement. Factors like when they claim their benefit, the percentage of their income...

I’m a Bank Teller: 4 Mistakes Social Security Recipients Make

When it comes to your Social Security check, deciding where it goes is just as important as getting it in the first place. But with the wild amount of bank accounts out there, how do you know which...

I’m a Bank Teller: 7 Best Bank Accounts To Deposit Your Social Security Check

Maine State

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Sagadahoc County, ME

Lewiston, ME

The Maine Monitor

Editor’s note: This story contains references to suicide. When a bill to strengthen Maine’s yellow flag law went into effect earlier this month, Sagadahoc County Sheriff Joel Merry said he felt a sense of relief.

Law enforcement officers can now get a warrant to take someone into protective custody

About 40% of retirees must pay tax on their Social Security. Here's what you need to know. Did you know that about 40% of Social Security recipients pay some federal income tax on their benefits? If you're wondering if Social Security is taxable income for you, we've got you covered. In this short and easy-to-follow video, Certified Financial Planner® Matt Frankel explains how it works.

Will You Have to Pay Tax on Your 2024 Social Security Benefits?

Entrepreneur

Taxes would go down for most of us. But whether or not that's a good thing is up for discussion.

10 Significant Ways A Second Trump Administration Could Impact Your Taxes

Phoenix, AZ

Business Insider

Andrea Wallace and her husband became millionaires by 28 through frugality and house-hacking. They're on pace to both retire by 35.

A millennial couple who became millionaires before they were 30 by 'house-hacking' and living frugally explain how they plan to retire in the next 4 years

Denver, CO

Aurora, CO

David Heitz

Aurora, Colo. -- Angry Aurorans on social media poked fun at the local news media Friday as more information came out about Venezuelan gangs on the Front Range. Mike Coffman, Aurora mayor, posted on Facebook that the city will use court orders to shut down additional apartment complexes that have been infiltrated by the gangs. It contradicted comments made by Colorado Gov. Jared Polis, who told the New York Post the gang problem was a figment of Aurora council member Danielle Jurinsky’s imagination.

Migrant gang crisis underrated? Denver media criticized

Have you ever wondered how much money the richest 10% of Americans have in their bank accounts? While you might not be able to see inside Jeff Bezos' savings account, the U.S. government does collect...

How Much Does the Average Rich Person Have in Savings?

Georgia State

Atlanta, GA

Daily Coffee Press

A 40-year-old man has been sentenced to over 28 years in prison for distributing significant amounts of fentanyl and other controlled substances to dealers in the Middle Georgia region. Authorities revealed that investigators uncovered evidence linking the drugs provided by the defendant, 40-year-old Lagary Williams, also known as "Frog," from Atlanta, to a fatal overdose.

Atlanta Man Sentenced to 28 Years for Supplying Deadly Fentanyl Linked to Fatal Overdose

Wyoming State

Pinedale, WY

WyoFile

PINEDALE—Rep. Albert Sommers (R-Pinedale) lost to a political newcomer in a close-fought contest for a state Senate seat Tuesday, an upset that ousts one of the most influential figures in Wyoming politics in recent years.

Speaker of the House Sommers loses bid for Senate seat

NewsBreak

State Treasurer aims to abolish personal income taxes for Louisianians

https://dcusoqhsuupgy.cloudfront.net/transcodes/hY6k0000/default.mp4

State Treasurer aims to abolish personal income taxes for Louisianians

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