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Lower deduction of investment counsel fees hits trusts with AMT
17+ min ago (1265+ words) Many trusts may need to amend 2024, 2025 tax returns Under the new rules for alternative minimum tax (AMT), a reduced deduction for investment counsel fees " a measure that recently passed into law and is retroactive to 2024 " means many trusts may have…...
Filing taxes by mail? IRS warns a little-known change could move'your deadline earlier
24+ min ago (502+ words) A change at the U. S. Postal Service could ultimately push up your deadline to file taxes. Taxes are due April 15, but if you're filing by mail, the necessary deadline could actually be as early as April 9, thanks to a little-known switch…...
Oregon fails to track billions in unpaid taxes
59+ min ago (255+ words) Apr 10, 2026, 9: 00 AM Oregon and states across the country are missing out on billions of dollars in legally owed taxes, yet most have no system in place to even measure the loss. A new report from The Pew Charitable Trusts reveals…...
Quebec Proposes Ending 'Double Welcome Tax' on Inherited Homes
2+ hour, 55+ min ago (379+ words) Quebec's Municipal Affairs Minister, Genevi've Guilbault, is advocating for an expansion of Bill 22 to eliminate the "double welcome tax" on homes received through inheritance. This move follows a positive reception and numerous suggestions for broadening the initial scope of the…...
Tax Day Trivia: 6 Surprising Facts About Your 2026 Refund
43+ min ago (154+ words) Kate is a CPA with experience in audit and technology. As a Tax Writer at Kiplinger, Kate believes that tax and finance news should meet people where they are today, across cultural, educational, and disciplinary backgrounds. " Take this quiz to…...
HMRC confirms key date over tax refunds going out to customers
5+ hour, 9+ min ago (417+ words) HMRC has issued an update about tax refunds being paid out to certain customers. The group has confirmed some key dates to bear in mind. The issue was put in the spotlight as a taxpayer asked HMRC a question about…...
The surprising downsides of a big tax refund
1+ hour, 15+ min ago (667+ words) You are basically giving the IRS an interest-free loan," one expert said The Independent Money channel is brought to you by Credit Karma. A big tax refund can feel like an early Christmas gift. This year"s refund averages $3, 521, according…...
Treasury Moves to Prevent Abuse of Community Development Financial Institutions (CDFI) Fund Programs
1+ hour, 14+ min ago (276+ words) Kurtis Garbutt / CC The U. S. Department of the Treasury announced April 9, 2026, that the CDFI Fund will issue rules concerning the treatment of CDFI Fund awards under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA). The rules are intended to…...
SARS reminds trusts to file income tax returns
7+ hour ago (412+ words) NATIONAL NEWS - The South African Revenue Service (SARS) has urged all trusts registered in South Africa to submit income tax returns for every year of assessment, in line with legislative requirements. This obligation applies even where a trust had no…...
Average New Jersey Property Tax Hits $10, 570, But Some Towns Report Lower Bills
2+ hour, 58+ min ago (320+ words) Here we go again. We're getting used to it now. Property taxes in New Jersey just hit another record, and at this point it almost feels like we expect it. The average homeowner is now paying around $10, 570, which is up…...
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