AROUND THE TAX WORLD

In The Headlines – Want to chat with your favorite celebrity? A new startup is introducing celebrity “AI clones” that allow users to engage in simulated dialogue with well-known online personalities.

What’s New In The Tax World? – Could the end of the expanded Child Tax Credit be the reason for the recent rise in child poverty?

State-By-State Updates -Maryland ends its fiscal year with leftover cash, the result of a 5% increase in tax revenue.

Tax Planning Tips – Roth IRA conversions can reduce taxes in retirement—but taxpayers need to consider these factors before making the leap.

In The Headlines -Chef Gordon Ramsay heads to southern Florida to open his two newest
restaurants.

What’s New In The Tax World? – The Biden administration puts forth a proposal for…

State-By-State Updates – ● The verdict is still out on whether Colorado’s state tax refunds may be…

Tax Planning Tips – President Biden is racing to implement a 15% corporate tax as opponents rise up to
challenge it.

In The Headlines -Beyoncé is in the business of helping her fans smell great…

What’s New In The Tax World? – Tax code revamps are a key talking point for 2024 presidential candidates

State-By-State Updates – ● A new tax in Jacksonville, Florida would raise funds for homeless and domestic violence victims.

Tax Planning Tips – The new 1% stock buyback tax adds up to $3.5 billion for the largest U.S. companies.

In The Headlines -Joe Biden and Elon Musk exchanged tax policy quips on Twitter.

What’s New In The Tax World? – As presidential hopefuls look ahead to 2024, DeSantis focuses on taxes, regulations, and policy toward Chinas

State-By-State Updates – A bill that is set to repeal rental tax in Arizona has yet to see the governor’s desk.

Tax Planning Tips – The rules for inherited IRAs have shifted—and could mean a higher tax bill for you or your beneficiaries.

In The Headlines -Barbie’s box office debut is expected to rake in as much as $500 million…

What’s New In The Tax World? – As universities see an end to affirmative action, they may also see the beginning of higher taxes

State-By-State Updates – As Californians cut back on smoking, early childhood programs may see their funding plummet.

Tax Planning Tips – Over 800,000 student loan borrowers will be eligible for loan forgiveness

In The Headlines -Love him or hate him, Elon Musk is seeing record sales at Tesla…

What’s New In The Tax World? – ATTN: Next Tax Scam Victim — See Details About the Latest Tax Refund Scam Inside

State-By-State Updates – Pennsylvania seniors may see property tax rebates in their mailboxes soon…

Tax Planning Tips – Lawmakers are looking to boost the Child Tax Credit with both an increase and a new “baby bonus.”

In The Headlines – Ryan Reynolds banks $1.35 billion after the sale of his latest business venture…

What’s New In The Tax World? – The Tax Wars Rage on: Higher Standard Deduction vs. Expanded Child Credit, Small Business Tax Breaks vs. Clean Energy Tax Cuts… Who Will Win?

State-By-State Updates – California’s “mansion tax” is resulting in a surplus of vacant luxury homes worth over $5 million each…

Tax Planning Tips – How “stealth” taxes can impact retirees—and how to avoid them.