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Beginning next year, visitors to Hawaii will be subject to a “climate impact fee” which aims to generate funds for mitigating future environmental challenges the state expects to face. Hawaii Gov. Josh Green signed Act 96 into law Tuesday, effectively approving a tax — also known as the “Green Fee” The law now increases the the state’s Transient Accommodation Tax (TAT) by .75%, to 11%. This fee will be applied to costs for tourism-related activities including hotels and cruise ships that dock in Hawaii. Unlike other state programs, the money generated won’t go into a dedicated special fund. Instead, the...

HONOLULU (AP) — Hawaii’s governor signed legislation Tuesday that boosts a tax imposed on hotel room and vacation rental stays in order to raise money to address eroding shorelines, wildfires and other consequences of climate change. The signing, which comes nearly two years after a Maui wildfire killed 102 people and wiped out almost all of Lahaina town, marks the nation’s first such levy to help cope with a warming planet. Officials estimate the tax will generate nearly $100 million annually. The money will be used for projects like replenishing sand on eroding Waikiki beaches, promoting the use of...

https://www.congress.gov/119/bills/hr1/BILLS-119hr1rh.pdf SEC. 110115. MAGA ACCOUNTS. (a) IN GENERAL.—Subchapter F of chapter 1 is amended by adding at the end the following new part: ‘‘PART IX—MAGA ACCOUNTS ‘‘SEC. 530A. MAGA ACCOUNTS. ‘‘(a) GENERAL RULE.—A MAGA account shall be exempt from taxation under this subtitle. Notwithstanding the preceding sentence, such account shall be subject to the taxes imposed by section 511 (relating to imposition of tax on unrelated business income of charitable organizations). ‘‘(b) MAGA ACCOUNT.—For purposes of this section— ‘‘(1) IN GENERAL.—The term ‘money account for growth and advancement’ or ‘MAGA account’ means a trust created or organized in the United...

The “No Tax on Tips Act” passed in the Senate after a unanimous vote. At last, the Senate can agree upon one item. The legislation permits a tax deduction worth up to $25,000 for tips for workers earning under $160,000 as of 2025, with the figure expected to increase over the years along with inflation. The bill comes with a major caveat. The measure only applies to cash tips. It is well-known that service workers often underreport or fail to report their cash earnings. There is a high probability that this measure is to ensure that workers properly report their...

In a surprise move, the Republican-led Senate quickly passed the "No Tax on Tips Act" on Tuesday, giving its official stamp of approval to an idea that has gained traction since President Donald Trump campaigned on it in 2024. The legislation would create a new tax deduction worth up to $25,000 for tips, limited to cash tips that that workers report to employers for withholding purposes on payroll taxes. The tax break is also restricted to employees who earn earn $160,000 or less in 2025, an amount that will rise with inflation in upcoming years. The bill now goes to...

Members of law enforcement say no tax on overtime would be a “huge advantage” to them, and the White House shared their remarks following the “big, beautiful” bill jumping a key hurdle in the U.S. House on Sunday. The Trump White House shared a video of members of law enforcement explaining what no tax on overtime would do for them. One said it would be a “huge advantage to law enforcement across the country.” “We work sometimes 100 plus hours a pay period. It’s a lot of time taken away from the family. So that would be pretty special,” another...

Lawmakers from both parties fell asleep during an all-night hearing as Republicans successfully moved Trump’s “big, beautiful” bill to cut taxes and secure the border through its initial House committee. The House Ways and Means Committee held a 17-hour long hearing to discuss the merits of the “big, beautiful” bill that will extend the Trump Tax Cuts and Jobs Act, secure the border, rein in wasteful spending, and more. Although Republicans successfully advanced the bill out of committee, it did leave a toll on some lawmakers. Videos have emerged of Rep. Debbie Dingell (D-MI) falling asleep.

Americans lambasted President George H. W. Bush for infamously vowing on stage at the 1988 Republican National Convention not to raise taxes on Americans, then supporting a tax hike as president two years later. History could repeat itself as President Donald Trump this week signaled his support for congressional Republicans raising taxes to accomplish the ambitious goals of his "big, beautiful bill," according to experts. "My opponent won't rule out raising taxes, but I will. And the Congress will push me to raise taxes, and I'll say no. And they'll push and I'll say no. And they'll push again, and...

On 60 minutes, Rep. Alexandria Ocasio-Cortez recently said "people are going to have to start paying their fair share in taxes."

A Long Island suburb voted to wallop homeowners with a 87% property tax hike— with local officials saying the insane increase was necessary because of a years-long administrative goof. Atlantic Beach’s village board of trustees told residents the big number was needed because of how taxes were assessed by the county in recent decades but officials refused to give The Post further information or answer any questions. The Nassau County assessor said it was the village government that was improperly billing commercial properties. ... Though village officials blamed assessment quirks, some residents said part of the hike is to cover...

SPRINGFIELD, Ill. (WTVO) — Illinois drivers: brace yourselves. The annual gas tax increase is about to kick in on July 1st, 2025. The automatic Motor Fuel Tax increases to account for inflation. Currently, Illinois residents pay the second-highest gas tax in the country, behind California. The gas tax is now 45 cents per gallon, but on July 1st it will go up to 48.3 cents per gallon. The average car holds between 12 and 16 gallons of gas, meaning drivers should expect to spend between .24 and .32 cents extra at the pump. The Motor Fuel Tax will account for...

California Governor Gavin Newsom (D) reacted Monday evening to President Donald Trump’s proposed 100% tariff on movies made outside the U.S. by asking for a $7.5 billion tax credit for the industry instead. Trump made the tariff proposal Sunday as a way of shifting Hollywood production back to the U.S., after decades in which the industry sought to cut costs by filming in Canada or even as far away as South Africa. The president’s proposal drew applause from unions that represent “below the line” workers in the film industry, such as the Teamsters, which praised the president for taking American...

More than 8 in 10 likely voters want President Trump’s 2017 tax cuts extended before they expire at the end of this year, according to a new poll released as Congress rushes to finalize a “big, beautiful” bill making those provisions permanent. A Public Opinion Strategies survey exclusively obtained by The Post found 84% of possible US voters would back keeping the current tax rates if they were in Congress — while just 16% would favor a tax increase. By party affiliation, 95% of Republicans, 81% of independents and 74% of Democrats prefer the status quo in terms of taxation....

WASHINGTON — Senate Majority Leader John Thune told Breitbart News exclusively he is targeting a July 4 deadline to get the big budget reconciliation plan that would extend President Donald Trump’s 2017 tax cuts– adding no tax on tips, Social Security income, or overtime wages–to the president’s desk for his signature. This is welcome news for the president and his team, as Treasury Secretary Scott Bessent also has recently said he hopes for a July 4 date for the package to be wrapped up. The package is also expected to fund more of the president’s immigration priorities, as well as...

Planning a vacation in Hawaii? Might be better to make it sooner rather than later as local lawmakers are ready to hike a tax imposed on travelers staying in hotels, vacation rentals and other short-term accommodations. AP reports the first-of-its-kind impost will earmark the funding boost for programs to cope with “climate change” with the politicians responsible pointing to the wildfires that devastated parts of Hawaii in 2023 as evidence that something must be done. State leaders highlight projects like replenishing sand on eroding beaches, helping homeowners install hurricane clips on their roofs and removing invasive grasses as a starting...

We have some good tax minds here, so I have a question about the HSA last month rule. I can’t seem to get a good answer, elsewhere, so YES, this is a vanity. A relative had an HSA 2023 and most of last year. The relative got a new job last year that had normal health insurance and no HSA. On the tax program being used, the question brings up “2023 contributions eligible due to last-month rule.” How is this determined? What does 2023 have to do with anything, when that tax year was on their taxes last year? Note...

Property taxes are due twice a year. You will receive a statement with upcoming due dates in April. Statements include two coupons, one for each due date, to be used when mailing a payment or when paying in person or at a bank. Current property tax due dates are: May 10, 2024 November 12, 2024 You may pay all your property taxes for the year on the first due date, or pay in two installments. View a list of your payment options.

President Donald Trump has stated multiple times that he wants to eliminate income taxes and replace them with tariffs. Such a decision would be one of the most significant changes to the tax code in decades, and it could help Americans save a lot of money. The government still needs to collect funds, so the tax code could shift to a combination of tariffs and sales tax. However, even if the IRS isn’t eliminated, Trump has floated the idea of no one paying taxes if they earn less than $150,000 per year. According to the TaxAct tax bracket calculator, a...

New York -- As the trade wars launched by US President Donald Trump continue to escalate, all eyes are on Wednesday. Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs that he says will free the US from a reliance on foreign goods. To do this, Trump has said he'll impose “reciprocal” tariffs to match the duties that other countries charge on US products. But a lot remains unknown about how these levies will actually be implemented. White House press secretary Karoline Leavitt said Monday that Trump would unveil his plans to...

Mississippi is bringing back a “competitive” edge with Gov. Tate Reeves’ (R) signing of legislation to phase out the state income tax, and he discussed what this means for the state during an appearance on Breitbart News Saturday. “So this is House Bill 1 that I signed into law on Thursday afternoon. And honestly, Matt, it’s really what I have called Mississippi’s one big, beautiful bill, and it is a bill that does a couple of different things,” Reeves began, explaining that it reduces the sales tax on groceries across the state and, over a period of time, eliminates the...