A central Texas county that includes Austin on Tuesday approved a plan to provide millions in tax subsidies to Tesla Inc if it builds a $1.1 billion vehicle factory in the area. The decision marks a step forward for Texas as it vies with Oklahoma to attract a new factory to build Tesla'...
For example, in Texas, homeowners age 65 and older are eligible for a $10,000 homestead exemption for school district taxes, in addition to the exemption for all homeowners. Local jurisdictions may provide other exemptions for seniors, so look closely at the specific qualifications for property t...
China's Cabinet issued a document in April on pushing forward the development of its first-ever private pension plan amid the challenge posed by the country's increasingly ageing population. Under the new pension scheme, individuals can invest in a range of financial products from their private p...
Tax Breaks For D.C. Move Ahead on Hill; Senate Approves Measures Aimed at Boosting EconomyDavid A. Vise
“Look, I would think most people in this room would say that there should be no tax rate that is lower than the earned income tax rate that people earn by the sweat of their brow or the burrows of their brain. That should be the regular tax rate. I think that there are a lot of...
When a moderate earthquake hit Napa, California, in 2014, it cost individual homeowners as much as $300,000 to repair their homes. Most were older structures that weren’t equipped to stand up even to this less-than-devastating quake. For the most part,
you can withdraw money from an IRA completely tax-free, as long as the amount is directly distributed to a charity and doesn't exceed the $100,000 annual limit. If you're that age, have money in IRAs and want to make a charitable donation, you'll find this tax break particularly attr...
The rule is that you can deduct certain expenses when you’re looking for a job in a similar trade or business, even if you don’t find one. Tip #2: Some of your job search expenses may be tax-deductible. Today’s job market is one of the most competitive in history. You’ll pro...
ELIMINATING SPECIAL INTEREST TAX BREAKS: The Tax Cuts Act will eliminate dozens of special interest tax breaks and loopholes. ·The Tax Cuts Act will raise $4 trillion in revenue by getting rid of dozens of special interest tax breaks and closing loopholes for corporations and wealthy individuals...
GENEVA, Nov. 28 (Xinhua) -- The World Trade Organisation (WTO) said Monday that Washington State provided illegal tax breaks to U.S. aircraft manufacturer Boeing in a trade ruling that favorsEuropean Union-based rival plane maker Airbus. ...