Chester County News and Community Website
WASHINGTON, D.C. — President Donald Trump on Thursday promoted his administration’s “No Tax on Tips” policy, saying millions of Americans have already used the tax break to reduce their federal …
Trump Touts ‘No Tax on Tips’ Policy as Millions Claim Benefit Read More
WASHINGTON, D.C. — More tipped workers will be able to claim a federal tax deduction under finalized rules defining which jobs qualify and what counts as a “tip,” the Department …
Final IRS Tip Tax Rule Expands Who Qualifies for Break Read More
WASHINGTON, D.C. — Americans who send money overseas using cash or similar payment methods will face a new 1% federal tax beginning in 2026 under proposed rules released Friday by …
New IRS Rule Targets Cash Transfers Abroad With 1% Tax Read More
WASHINGTON, D.C. — Manufacturers, refiners, and certain agricultural producers may now deduct up to 100% of the cost of new production facilities in the year they are placed in service, …
New Tax Break Lets Factories Write Off 100% of Costs Read More
HARRISBURG, PA — Pennsylvania Treasurer Stacy Garrity is urging families to take advantage of a new federal savings initiative that provides a $1,000 investment account for children born between 2025 …
Garrity: Families Can Claim $1,000 Trump Accounts for Newborns Read More
WASHINGTON, D.C. — In a rapid-fire week of moves touching everything from college accreditation to student loans, the U.S. Department of Education signaled it intends to remake the rules that …
Education Department Rolls Out Broad Higher-Ed, Title IX Crackdown Read More
NORRISTOWN, PA — MRO warned that U.S. healthcare providers are entering a period of profound disruption as new federal policies, regulatory pressure, and rising costs collide, placing unprecedented strain on …
Health Policy Shockwaves Put Data at Center of Care, New MRO Report Finds Read More
WASHINGTON, D.C. — A sweeping trio of federal tax actions unveiled this week is poised to reshape how businesses invest, retirees plan, and military families file their returns, delivering faster …
Tax Shake-Up Delivers Faster Write-Offs, Clearer Rules, and a Break for Troops Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service moved this month to expand health savings accounts while showcasing record-setting enforcement results, signaling a dual push to broaden tax …
IRS Rolls Out Sweeping HSA Expansion, Touts $10.6B Crime Crackdown Read More
WASHINGTON, D.C. — The Department of the Treasury and the IRS this past week released two sets of sweeping tax guidance that could reshape financial planning for rural lenders, tipped …
IRS Unveils New Tax Breaks for Rural Lenders, Tipped Workers, and Overtime Earners Read More