Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump is dangling a new kind of tax break in front of America’s homeowners, hinting at a benefit that could be worth thousands of dollars a year and, over time, potentially millions for some long‑term owners. The idea, floated on the world stage and amplified back home, would let ordinary households tap a…
The new senior tax deduction is quietly reshaping retirement math. Instead of tinkering with how Social Security itself is taxed, Congress created a sizable extra write off for older filers that can shield more of their overall income, including benefits, from the IRS. For many retirees, that structure can be more valuable in practice than…
President Donald Trump is pushing a fresh round of homeowner-focused tax changes that could shift thousands of dollars a year back into household budgets, especially in high-cost, high-tax states. Between a revamped property and income tax deduction, a permanent cap on mortgage interest write-offs, and a provocative new idea to treat homes more like businesses…
Vivek Ramaswamy is running for Ohio governor on a sweeping promise to wipe out state income taxes and sharply cut property taxes, casting himself as a crusader against what he portrays as a bloated government. Critics have responded by branding him an “anti-tax fairy,” arguing that his numbers do not come close to adding up…
The Internal Revenue Service is giving a quiet head start to millions of taxpayers this year, effectively opening a back door to file before the official start of tax season. Anyone who earned $89,000 or less in 2025 can use the agency’s Free File system to submit a return early, potentially locking in a refund…
Tax season is arriving fast, and the Internal Revenue Service is not whispering about it. The agency is urging taxpayers to act now so they are not scrambling at the last minute, missing key changes, or leaving money on the table. If you want to avoid delays, surprise tax bills, and security headaches, there are…
Indiana lawmakers are racing to align state tax policy with President Donald Trump’s promise of a “big, beautiful bill” that wipes income taxes off tips and overtime. The question for workers is simple but high stakes: will this copycat move at the Statehouse actually leave Hoosiers with meaningfully bigger paychecks, or just a slimmer state…
The Internal Revenue Service has quietly locked in the rules that will govern how much of your 2026 income goes to Washington, and the changes are big enough to shift some families’ tax bills by thousands of dollars. Whether you come out ahead depends on where your earnings fall inside the reshuffled brackets and how…
President Donald Trump is signaling that the next frontier in his tax agenda could be the family home, hinting that a lucrative business write off might soon be available to ordinary homeowners. By floating the idea of letting people depreciate their primary residences, he is effectively inviting voters to imagine a world where the tax…
Tax season in 2026 is built around a single pivotal date: the day the Internal Revenue Service opens the electronic floodgates and starts accepting returns. For anyone counting on a fast refund, the real question is not just when filing begins, but how to be ready to hit “submit” as soon as the system goes…