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IRS, U.S. tax code

NBC News on MSN · 49m

IRS says churches can endorse political candidates without losing tax exemptions

The agency's agreement in a court filing formally reverses a decades-old provision of the tax code, but needs to be approved by a judge.

The Associated Press on MSN · 2h

Pastors who endorse political candidates shouldn’t lose tax-exempt status, IRS says in filing

In a joint court filing intended to end an ongoing case against the IRS, the tax collection agency and the National Religious Broadcasters Association — a Evangelical media consortium — and other plaintiffs have asked a federal court in Texas to stop the government from enforcing the Johnson Amendment against the plaintiffs.

POLITICO on MSN · 3h

IRS moves to allow political engagement from churches, in a win for evangelical groups

The IRS on Monday said that religious leaders could endorse political candidates in churches and other religious centers without losing their tax-exempt status, carving out an exemption from a decades-old tax code provision prohibiting nonprofits and churches from direct political engagement.

Bill, taxes on Social Security

USA TODAY on MSN · 1h

Is there still tax on Social Security in Trump’s ‘Big Beautiful Bill?’ What to know

President Donald Trump has long touted eliminating taxes on Social Security. His administration says he has achieved it, but the bill says otherwise.

The Tennessean on MSN · 3h

From no tax on tips, overtime to Medicaid cuts. When everything in the 'big, beautiful' bill starts

Trump has signed the "big, beautiful" bill, enacting sweeping changes to programs like SNAP and Medicaid. Here's what Tennesseans should know.

Austin American-Statesman · 1d

How does no tax on tips, overtime work? What to know about today your tax refund

Now that President Donald Trumps signed the bill, workers will be able to deduct up to $25,000 in reported tips and $12,500 in overtime pay from their taxable income on their federal tax returns. This means you won’t see an immediate boost in your take-home pay — taxes will still come out of your paycheck — but when you file for 2025 early next year,

No, the ‘Big Beautiful Bill’ won’t really end Social Security tax. Here’s why

Despite claims from President Trump and the Social Security Administration, the bill does not put an end to taxes on Social ...

5hon MSN

Can't afford your tax bill in today's economy? You have options.

Can't fully pay your tax bill in today's economy? Various options may be suitable for your unique circumstances.

How will the 'Big Beautiful Bill' change Louisiana? What it means for tax cuts, Medicaid, more

Here's a look at the main components of the bill and how the changes could affect tax cuts, Medicaid, food stamps, offshore ...

3hon MSN

Solar Stocks Fall After Trump Orders Limit to Green Tax Credits

Shares of US solar companies fell after President Donald Trump called for new rules that would limit access to tax incentives ...

9hon MSN

Trump signs 'Big Beautiful Bill.' When does no tax on overtime start in Texas?

President Donald Trump got his wish, signing the much-debated "Big, Beautiful Bill" on July 4. The spending bill passed the ...

6h

Ford says Michigan EV battery plant 'on track' for production tax credits

Ford Motor said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, ...

8h

Could a July 1 drop in CT tax lower the cost of goods? Maybe

This tax cut comes at a critical time when the economy is facing much uncertainty between conflict in the Middle East that ...

3hon MSN

How a new $7,000 tax credit will reshape school choice, education in Alabama: ‘Balancing act’

For local parents, he’s a go-to guy for tips about affording a private school education. Between classes, he’s an evangelist ...

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