In a recent tax dispute, a taxpayer in Pennsylvania achieved a partial win. The Pennsylvania Board of Finance and Revenue (BFR) decided to refund some of the taxes the taxpayer had paid by mistake. The BFR overturned an earlier decision by the Board of Appeals, which had denied the refund request.
California is thinking about a new tax. This one targets billionaires. It's called a wealth tax. The idea is to take a small cut from their total assets. Not just income. This has sparked a big debate. Some people see it as a fair way to share the wealth. Others think it's a dangerous move. David S
The stock market is always on the move, and this week is no different. Let's break down what's happening. First up, the energy sector is leading the pack. It's up by 2. 3%, making it the top performer among the S&P 500 sectors. Companies like EQT, Texas Pacific Land Trust, and Expand Energy are see
Georgia has joined a federal tax credit program that lets people give money to private school scholarships and get it back as a tax credit. This is on top of an existing state program that does the same thing. Governor Brian Kemp signed up for this new program, making Georgia one of the states where
A construction contractor in Pennsylvania got some good news recently. The state's Board of Finance and Revenue decided to give them a partial refund. This refund covers taxes paid from April 2022 to December 2024. The contractor had asked for a refund because they thought they were taxed unfairly o
New York Governor Kathy Hochul has unveiled a $260 billion budget plan. It's a big deal because it doesn't raise any new taxes. Instead, it puts more money into child care and schools. The state is doing this because Wall Street is making a lot of money right now. The plan includes $1. 2 billion mo
Anchorage is in a bit of a pickle. The city needs more money to cover things like schools, roads, and safety. But there's a law from way back in 1961 that stops Anchorage from taxing people's income. This law was made to keep income tax only at the state level. But times have changed, and Anchorage
In a surprising move, the Department of Government Efficiency (DOGE) revealed that federal agencies have canceled or reduced 42 contracts worth $1. 5 billion over just five days. This action saved taxpayers $269 million. One of the contracts was for $1. 2 million to hire a full-time director for gen
The National Education Association (NEA), the biggest teachers' union in the U. S. , collects a lot of money from teachers' paychecks. This money is supposed to help teachers and students. But, where does it really go? A big chunk of it goes to politics. The NEA spends nearly $1 billion every elect
In Pennsylvania, a big change is happening with health insurance. Many people are dropping their plans because the costs are going up too high. One person, Sasha Kinney, is worried. She might have to put her insurance on a credit card. She earns enough money to not qualify for Medicaid, but not enou
