News

'Is this a good tax strategy or a sham transaction?' My mother wants to give me her home. I have a plan to avoid taxes.
If your mother purchased the home for $100,000 and it's now worth $800,000, gifting the home to you assumes that the tax basis in the property is $100,000, not $800,000 and/or the value at the time of ...
Proposed Federal Budget Would Make Taxes on Most Student Loan Forgiveness More Expensive
KEY TAKEAWAYS The House of Representatives last week advanced a federal budget bill to the Senate that aims to reduce federal ...
LancasterOnline12h
State tax relief program shrinks property bills for Columbia Borough School District homeowners
What happened: Columbia Borough school board approved an amount of $610.85 per home in property tax reduction in 2025-26 ...
JD Supra11h
House Passes Reconciliation Bill with Major Tax and Health Policy Measures
On May 22, 2025, the House of Representatives cleared a major reconciliation hurdle, advancing its version of a 2025 Fiscal Year (FY2025) ...
Nation11h
Why Bolt seeks exemption from KRA's eTIMS invoices
Appearing before the committee chaired by Molo MP Kuria Kimani during the public participation on the Finance Bill, 2025, ...