For nearly 90 years, credit unions across the country have enjoyed tax-exempt status as nonprofit organizations. But that could soon change, as Congress considers removing the tax exemption for credit ...
House Speaker Mike Johnson, R-La. The House Ways and Means Committee passed a sweeping tax proposal through committee Wednesday morning, paving the way for a final bill to reach the House floor. The ...
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Is credit card interest tax-deductible?
Credit card interest is not tax-deductible for personal expenses. The government stopped allowing a tax deduction for credit card interest with the Tax Reform Act of 1986. Interest on student loans, ...
Reducing wasteful government spending has been on the minds of many recently, and rightly so. However, reducing the deficit and making sensible tax reforms requires discerning which spending is fat, ...
WASHINGTON — The Internal Revenue Service has canceled the tax-exempt status for some of the nation's largest educational credit-counseling services after audits revealed they exist mainly to prey on ...
Congress should hold hearings to investigate whether credit unions really qualify to operate as tax-advantaged Community Development Financial Institutions, writes Ryan Ellis, of the Center for a Free ...
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Tax payments: Should you use a Credit Card?
As the 2025 tax season unfolds, taxpayers are diligently preparing their returns and considering how to handle their tax payments. Among the various options, using a credit card to pay taxes is a ...
Credit unions are concerned their tax exemptions might be on the chopping block as federal lawmakers consider ways to fund the government. On March 20, John Dwyer, chief executive officer of EastRise ...
James Freeman’s Best of the Web column (“Businesses That Really Should Be Paying Taxes,” Dec. 10) on Northwest Federal Credit Union’s owning stadium naming rights of the NFL’s Washington Commanders ...
Meeting Virginia’s growing needs – like affordable housing, school improvements, and transportation – requires smart, sustainable investment of public dollars. But while our local leaders work to ...
Dan Murray, a lobbyist with the Kansas branch of the National Federation of Independent Business urged Kansas House members to consider adoption of a bill exempting the tax and tip portion of credit ...
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