tax, Trump and spending law
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Representative Marjorie Taylor Greene's bill would eliminate capital gains tax on the sale of homes considered primary residences.
17hon MSN
President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT. But the phaseout, or income-based benefit reduction, could trigger a tax surprise for some higher earners, experts say.
Many filers won’t be able to take full advantage of expanded deductions in the recently passed tax law.
U.S. manufacturers secured the business tax provisions they’d hoped for in Donald Trump’s budget megabill, but the president’s erratic trade policy risks tempering any pronounced pickup in capital investment.
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A set of provisions tucked into President Donald Trump’s new tax-and-spending law has real estate developers and affordable housing proponents cheering – though some view it as a bittersweet victory.The law makes significant changes to the Low-Income Housing Tax Credit,
Professor Susan Wachter told Newsweek that property taxes are "An important outcome of the decreasing affordability over time."
Brussels will propose a new tax on companies with a net turnover exceeding 50 million euros ($58.44 million) as part of an effort to generate new financing streams for the European Union’s common budget,
NewHomeSource reports that key homeowner tax breaks will expire on December 31, 2025, potentially leading to higher taxes and home prices.