Missouri House approves $1.3 billion tax cut plan – Missouri Independent https://bit.ly/3Fxti6H

Alternatives to expensive housing markets

Missouri House approves reducing personal property taxes

Missouri House approves reducing personal property taxes, relaxing car inspections – STLPR https://bit.ly/4bx8w35

Is Bonus Depreciation returning?

President Donald Trump discussed many second-term tax priorities in his March 4 address to Congress, including a proposed restoration of 100% bonus depreciation. It allows businesses to deduct the costs of certain assets in the first year they’re acquired, rather than depreciate them over time. The Tax Cuts and Jobs Act included bonus depreciation at […]

Tariffs given temporary pause

A day after signing an order to pause 25% tariffs on vehicles and vehicle parts from Canada and Mexico for one month, President Donald Trump added another exemption. There’s now also a one-month tariff reprieve on products from Canada and Mexico that comply with the United States-Mexico-Canada Agreement signed during Trump’s first term. (The U.S. […]

Several states seek end to property taxes

Several states seek end to property taxes: Shouldn’t have to ‘rent from the government’ – Fox Business https://bit.ly/41IJOrG

Tariffs paused on Vehicles from Canada and Mexico

On March 5, 2025, President Trump announced a month-long pause in imposing tariffs on vehicles and vehicle parts shipped from Canada and Mexico to the United States. A 25% tariff that became effective on March 4 triggered retaliatory tariffs from Canada and threats of tariffs from Mexico. But the president has said the one-month reprieve […]

Budget Bill making its way thru Congress

In his address to Congress on March 4, 2025, President Trump called on lawmakers to include several of his tax campaign promises in the budget plan currently being negotiated. Specifically, he asked them to eliminate income tax on Social Security benefits, tips and overtime pay. He also proposed allowing buyers of American-made vehicles to deduct […]

Taming the tax tangle if you’re retiring soon

Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a long career. Yet the transition may bring a tangle of tax considerations. Planning carefully can help you minimize tax bills. Below are four steps to take if you’re approaching retirement, along with the tax implications. […]

Workforce cuts at the IRS

The IRS is reportedly making plans to cut up to half of its workforce. The tax agency will do this through a combination of layoffs, attrition and incentivized buyouts. The IRS currently employs approximately 90,000 workers, according to its latest data. Nearly 7,000 probationary workers with one year or less of service were let go […]