On May 22, 2025, the House of Representatives passed H.R. 1-119th Congress (2025-2026), titled as the “One, Big, Beautiful ...

Texas is slated to spend $51 billion on property tax cuts over the next two years. Some worry that’s unsustainable.

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from ...

Vice President Kamala Harris no longer backs President Joe Biden’s proposal to tax unrealized capital gains, billionaire Harris surrogate Mark Cuban proclaimed at a campaign event over the ...

Of Harris’ headline proposals — the down payment assistance ... Increasing the long-term capital gains tax to 28% (up from 20% under the Tax Cuts and Jobs Act) for those earning $1 million ...

Harris’ proposal to increase the tax rate on realized capital gains to 28% would apply to taxpayers with income over $1 million. About 875,500 taxpayers – or 0.54% – reported having that ...

but the Biden-Harris administration’s most recent budget proposal lays out details. Currently, some middle- and high-income people are subject to a tax on realized capital gains, which results ...