Taxes

President Trump is proposing a 100% tariff on all foreign-made films, claiming that movie jobs have been “stolen" by international competitors. The film industry is divided on the idea.

Billionaire Illinois Governor JB Pritzker reportedly took home $1.43 million in Las Vegas casino winnings as part of his $10.7 million taxable income for 2024.

Zohran Mamdani plans to raise personal income tax on NYC's top 1% by 2 percentage points and increase corporate tax rates to match New Jersey's 11.5%.

President Donald Trump faced pressure from 26 conservative groups to reject U.K. intellectual property reforms they said could undermine American patents.

The government shutdown does not extend the October 15 tax filing deadline for taxpayers who requested extensions earlier this year for their 2024 tax returns.

New IRS regulations are changing 401(k) catch-up contribution rules for workers aged 50-plus who earn over $145,000 by mandating after-tax Roth contributions starting in 2026.

NYC mayoral candidate Zohran Mamdani proposes billions in new spending for universal childcare and social programs, funded in part through tax increases on wealthy residents.

The Congressional Budget Office reported a $1.8 trillion federal deficit for fiscal year 2025, driven in part by a record $1 trillion interest costs from servicing the national debt.

The IRS released updates for tax year 2026, adjusting tax brackets, standard deductions, estate tax exclusions and various credits for inflation and the One Big Beautiful Bill Act.

Andrew Cuomo argued Zohran Mamdani's plan to raise corporate taxes and income taxes on high earners would cause an exodus of businesses and wealthy residents from New York City.

Starting in 2026, workers age 50 and older earning more than $145,000 must make catch-up 401(k) contributions to Roth accounts instead of pretax accounts.