by Billy Hesterman | Jan 2, 2025 | Newsletters, The Utah Taxpayer
For the first time since 2017, taxes will be on the main stage in Washington DC. With much of the Tax Cuts and Jobs Act (TCJA) expiring at the end of 2025, President Trump and the Republican Congress will be hard at work looking to extend, make permanent, or change...
by Billy Hesterman | Jan 2, 2025 | Newsletters, The Utah Taxpayer
Gov. Spencer Cox is again advocating for tax cuts in his latest budget proposal. In his plan, released in December, the governor called for eliminating the tax Utah charges on social security. The tax cut would complete a multi-year effort by the state to give relief...
by Billy Hesterman | Nov 26, 2024 | Newsletters, The Utah Taxpayer
A new report from the Tax Foundation has found Utah has the 16th most competitive tax climate in the country. The foundation’s report took into account a number of factors when determining the new rankings including corporate tax rates, individual income tax...
by Billy Hesterman | Nov 26, 2024 | Newsletters, The Utah Taxpayer
Recently I opened up my city utility bill and found an extra surprise. While I was expecting to find a charge for water, garbage, street lights and storm water, I wasn’t expecting a new charge titled “public safety fee.” I then scrolled through to previous months to...
by Billy Hesterman | Nov 3, 2024 | Newsletters, The Utah Taxpayer
I love a good tax cut and we’ve seen a good number of them over the last decade. From moving Utah’s income tax rate down to eliminating sales taxes on tools for production for manufacturers to expanding the child tax credits for Utah families and cutting Utah’s...
by Malah Armstrong | Nov 3, 2024 | Newsletters, The Utah Taxpayer
Both Kamala Harris and Donald Trump have proposed scrapping taxes on tips during their respective campaigns, but this proposal is nothing more than a red herring: a distraction from the really important tax stuff. Rather than truly help anyone, the proposal to ban...
