GM, EV and tax incentive
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Many homeowners understandably dislike the property tax. They’d probably hate the alternatives,” researcher Jared Walczak said.
Lorain County’s move to double property tax breaks for homeowners will cost local schools about $10.9 million a year starting in 2026 — even as it delivers $17.4 million in relief to taxpayers struggling with higher bills after steep property reappraisals in 2023.
New York mayoral front-runner Zohran Mamdani’s pledge to fund free childcare and bus rides by taxing the rich faces steep odds in Albany. But tax hikes may be coming for New Yorkers anyway, regardless of who leads City Hall.
Changes to how the tax is dispersed would mean a big boost for the county’s smaller libraries. Some city leaders aren’t happy with the change.
The States must look at increasing taxes to support the health service and ageing population, the boss of a health charity has said. CEO of Health Connections Bella Farrell said: "There's absolutely no doubt in my mind that we have to increase taxes if we want to have support."
General Motors Co., in particular, is gaining electric speed. The company captured 15% of EV sales in the quarter, led by its new Chevrolet Equinox, the third best-selling battery-powered machine. That’s up from 10% in the year-earlier period.
The IRS just increased the estate exemption amount as we enter into a potentially promising tax year for inheritances and estates.
The new 2026 tax brackets could save retirees thousands. Here's how to use the higher deductions and income thresholds to your advantage.