For many families, another key source of savings is the child tax credit. Senate Republicans proposed permanently increasing the credit available to parents, which would be set at $2,200 per child, beginning in the 2025 tax year. House Republicans had proposed to bump up the credit to $2,500, but only through 2028.

Hungary is targeting a budget deficit of 3.7% of output next year, compared with an estimated 4.1% gap in 2025. The European Commission sees the shortfall at 4.6% this year, rising to 4.7% in 2026.

EDP ​​Renovaveis , the world's fourth-largest wind energy producer, will stick to its goal of installing up to 1.75 gigawatts of new capacity in the U.S. by the end of 2026 even if tax credits for renewables are phased out,

Florida legislators pass a $115.1 billion budget after a delayed session, with tax cuts and state employee raises included.

Included in a Republican tax cut plan advancing in the Legislature is a provision to shield some retirement income from Wisconsin income taxes.

How it works is homeowners can shave $140,000 off the taxable value of their home when paying school district property taxes. In theory, a home worth $140,000 would no longer be required to pay school property taxes, which often make up the largest portion of a homeowner’s tax bill.

Colorado estimates it could have to come up with anywhere from $200 million to $360 million annually for food assistance benefits, depending on the language in the final bill.