What to know about 2025 inflation-adjusted tax brackets – CBS News Watch CBS News CBS News business analyst Jill Schlesinger breaks down the IRS’s new 2025 tax brackets. Each year, the agency makes adjustments to the tax code to take inflation into account. Be the first to know Get browser notifications for breaking news, live … Read more
The British Medical Association (BMA) has issued a stark warning to the new Labor government over possible changes to pension tax relief. Members of the doctors’ union have written to Chancellor Rachel Reeves, urging her not to target key pension tax benefits or reintroduce the pension lifetime allowance in the upcoming autumn budget. Part of … Read more
A government minister refused to rule out increasing taxes on those with the highest incomes. Stephen Kinnock dodged the question nine times when Sky News correspondent Kay Burley asked whether people earning more than £100,000 a year were “working people”, under Labour’s definition. The Labor Party manifesto pledged not to increase National Insurance, VAT, or … Read more
The founder of BrewDog has claimed that entrepreneurs will abandon Britain if capital gains tax is increased. James Watt, founder of the brewery and pub chain, told Sky News that a significant increase in the tax would “do much more damage to our economy” and deal a devastating blow to every household’s prosperity. Mr. Watt, … Read more
With less than two months to go until 2023 taxes are due, there is still plenty of time to lower your bill or maximize your refund, advisors say. It’s also the perfect time to look ahead to decreasing your burden for 2024. Firstly, it’s important to make sure you have all of the documents you’ll … Read more
The phenomenon of the “snowbird” is well known: someone with the means to move between two properties, New York City and Miami being the classic example, just in time to miss the cold weather as Gotham gets gross and stormy. But Jeff Bezos and other ultrawealthy millionaires and billionaires are creating a new breed of … Read more
The Federal Board of Revenue (FBR) achieved a historic milestone by collecting more than Rs 1 trillion in gross revenue in a single month for the first time in December 2023. According to a press release issued here on Sunday, the FBR collected Rs 1,021 billion in December 2023 and after adjusting refunds of … Read more