March 14, 2025

TAX

Property

Omaha taxpayers voice support for schools, equitable property taxes at town hall

A need for equity and support for public schools was at the top of the minds of more than 150 Omaha-area residents gathered Sunday for a legislative town hall at the University of Nebraska at Omaha. The forum was organized by a group of state senators representing the Omaha and Lincoln areas after Nebraska Gov.

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Property

Benton County faces higher taxes amid property value reappraisal

WE WILL HAVE COVERAGE OF THAT FOR YOU TOO. A REAPPRAISAL OF REAL ESTATE PROPERTIES IN BENTON COUNTY HAS MADE MANY PEOPLE FRUSTRATED WITH RISING COSTS. 40/29’S ABNER SOSA TALKED TO THE COUNTY ASSESSOR ABOUT WHY PRICES ARE GOING UP. <> IF YOU LIVE IN BENTON COUNTY – YOU MAY HAVE GOTTEN A NOTICE IN

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Funds

School code dictates how billions in Pa. education funds are spent | Local News

HARRISBURG — Pennsylvania lawmakers finalized the new state budget last week, allocating billions of taxpayer dollars for operations in 2024-25, but related code bills will detail exactly how that money is put into action. A look at the new school code shows formula shifts altering how state subsidies are shared with private schools, accountability directives

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Property

Finding equity in property tax cuts and education funding

Grace Bellinghausen The Times Few issues affect every resident of Nebraska more directly than property taxes. Although not the most popular topic, property taxes are vital for funding essential services like K-12 education. Grace Belling-hausen Recently, Nebraska senators and the public have aligned with Gov. Jim Pillen on the necessity of reducing property taxes by

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Property

Chicago homeowner’s property tax skyrockets from $1,800 to $30,000 after humble 1950s home he purchased for $115,000 in 2006 is valued at ridiculous level

An Illinois man living in an unincorporated suburban community outside Chicago got a ruinously high tax bill that threatened to drive him out of his humble 1950s home. Darryl Lloyd bought the three-bedroom, one bathroom house in 2006, and according to him, the home’s current market value is just over $180,000. But when Cook County

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Property

Website provides information on property tax rates | Business

Property owners in Johnson County can soon visit johnson.truthintaxes.com. This is the official website on which property owners can easily access information regarding property taxes, including the amount of taxes that each entity that taxes a property will impose if the entity adopts its proposed tax rate. Property owners may also visit Texas.gov/PropertyTaxes to find

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Funds

Israel Unblocks Some Frozen Funds For Palestinian Authority

Israel has approved a new payment of more than $140 million to the Palestinian Authority after announcing it had also unblocked some funds frozen because of the Gaza war, a finance ministry spokesperson told AFP on Thursday. Since the start of the war on Hamas, far-right Israeli Finance Minister Bezalel Smotrich has withheld payments of

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Crypto

IRS finalizes rules on selling and exchanging crypto

The Treasury and the Internal Revenue Service issued final regulations Friday on reporting by brokers on dispositions of digital assets such as cryptocurrency for customers in certain sale or exchange transactions.  The reporting will need to be made on the soon-to-be released Form 1099-DA beginning with transactions on or after Jan. 1, 2025. The IRS

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Finance

Both sides in DC are already drawing red lines over a 2025 tax fight

A mammoth tax debate that will dominate Washington in 2025 is already well underway in 2024. The latest example came Monday with a speech from Sen. Elizabeth Warren, the leading Massachusetts Democrat, where she called on Democrats to “stiffen our spines” for the fight ahead. She also laid out a series of what she termed

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Investment

Tax savings, high yields drive preferred securities

Capital requirements for banks are yielding tax-advantaged gains for financial advisors and their clients in the form of preferred securities — a bond that shares some characteristics with stocks. Investments in the fixed-income products are growing by billions of dollars due to the appeal of after-tax returns that are favorable to municipal, investment-grade corporate and

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