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The Latest Breaking News from Tax Exemption

Virginia's Unconstitutional Effort to Strip Property Tax Exemptions From Pro-Confederate Groups

The groups and their ideology are awful. But Virginia's policy violates the First Amendment. Allowing it to stand could set a dangerous precedent.

Reason

'A self-inflicted hit': Washington state just rolled back sales tax exemptions for AI data centers worth hundreds of millions

Washington narrowed a key data center tax break, reflecting broader tensions as states reconsider incentives amid industry resistance and rising public concerns.

TechRadar

More than half of World Cup countries face extra costs as Fifa fails to agree US tax deal

Failure to agree tax exemption means additional costs for countries with the burden to fall disproportionately on smaller nations

The Guardian - UK

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read the most diverse news in one place.

Postcode where more drivers plug into electric car cuts

More than 100,000 Australians have taken advantage of the federal government's tax exemption for electric vehicles but households in one location are most keen.

AAP

Avoid These Estate Tax Errors That Could Ruin Your Legacy Plans

No parent wants to leave half their estate to Uncle Sam rather than their children or grandchildren.

GOBankingRates

UAE drops corporate tax for sports bodies under new law: Here’s who qualifies

The United Arab Emirates Ministry of Finance has introduced a new corporate tax exemption for non-commercial sports organisations. This policy aims to boost the UAE's sports sector and strengthen its global standing. Qualifying entities must be officially recognised and strictly non-commercial. The move is expected to encourage investment and growth…

The Times of India

Brazil’s Lula sanctions an increase in tax exemptions for low-income people

Brazilian President Luiz Inácio Lula da Silva has sanctioned a bill that exempts people earning up to 5,000 reais a month from income taxes

The Independent UK

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Trump Tax Bill 2025: What Changed and How It Affects Your Taxes

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's "big beautiful bill."

Kiplinger

The New Estate Tax Exemption Amount for 2026

The IRS has increased the exemption as we enter into a promising tax year for estates and inheritances.

Kiplinger

Top sports teams are bought and sold for billions worldwide. The risky trend is coming to Australia

In recent years, private equity has changed the global sports landscape, with clubs from Major League Baseball (MLB) and the National Football League (NFL), rugby union in New Zealand and European soccer reaping massive financial benefits.

The Conversation

Keep electric car tax cut, remove pollution instead

A tax exemption for electric vehicles could put another 1.5 million on Australian roads if it is extended to 2035, modelling shows, and cut carbon emissions.

AAP

Why Some Nonprofits Are Losing Tax-Exempt Status in 2025

The nonprofit world is buzzing, and not in a good way. Across the United States, organizations that once proudly wore the badge of tax-exempt status are now watching it slip through their fingers. The year 2025 has brought a perfect storm of rule changes, compliance crackdowns, and IRS enforcement that’s…

Everybody Loves Your Money

9 Things Frugal People Always Do When They First Buy a House

Frugal people don't stop saving once they've bought a house -- they keep looking for ways to make the most of their money. From claiming every property tax exemption to tackling DIY projects, they...

GOBankingRates

Ask the Editor, August 29: Tax Questions on Estate and Gift Taxes

In this week's Ask the Editor Q&A, we answer questions from readers on estate and gift taxes.

Kiplinger

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The Free Financial Advisor

10 Estate-Planning Myths Boomers Still Believe—Updated for 2025 Law Changes

Estate planning is one of those financial tasks many people know they should do, but it’s easy to put off or misunderstand. Unfortunately, outdated beliefs and confusion about recent law changes can leave families unprepared. In 2025, updates to tax exemptions, retirement account rules, and trust structures make it even…

The Mary Sue

‘Thankfully the kids didn’t notice’: Customers get to Airbnb in Galveston, Texas. Then they see something that wasn’t mentioned in the listing

Did this homeowner turn their house into a graveyard just for the tax exemption? Some people seem to think so.

Reason

Pennsylvania Gives Amazon Potentially Unlimited Sales Tax Exemption

The tech and online retail giant will build at least two data centers in the Keystone State but pay no sales taxes on equipment.

Reason

S. Ct. Rejects Wisconsin Unemployment Tax Exemption's Different Treatment of Proselytizing and Non-Proselytizing Religions

The government generally may not "distinguish[] among religions based on theological differences in their provision of services."

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Kiplinger

Big GOP Tax Bill Could Change Your Estate Planning for 2025

The GOP extended and increased the higher gift and estate tax exemption and affected AMT thresholds. What might this mean for your estate plan?

Kiplinger

The IRS is in chaos

DOGE, departures, data agreements and more are creating havoc at the IRS.

The Guardian - AU

EVs to cost more under a Coalition government, after Dutton’s apparent backflip on popular tax break

Polestar says Dutton’s move shows ‘a complete lack of understanding of the significant cost-of-living, climate and health benefits of EVs’

Reason

Can Harvard Lose Tax Exemption for "Pushing Political, Ideological, and Terrorist Inspired/Supporting 'Sickness'"?

Just as the government can't generally deny tax exemptions to groups that engage in supposed "hate speech," so it may not deny tax exemptions to universities that promote or tolerate ideological agendas that the government disapproves of.

Euronews

Trump puts an end to tax exemption for low-value Chinese imports

Chinese online retailers such as Temu and Shein had been taking advantage of a little-known tax exemption, known as the de minimis provision, to sell their products at very low prices in the US.

The Independent UK

Trump will stop the tax break for retailers like Shein. It could change the way we shop

The days of getting low cost goods from brands like Temu could be numbered

The Conversation

The viability of some charities could rest on how they’re taxed – we should be cautious about changing the rules

There have long been calls for New Zealand’s charity-linked businesses to lose their tax exemption status. Under the current rules, companies such as Sanitarium, which is wholly owned by the Seventh-day Adventist church pay no income tax.

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