Capital gains: No individual income tax.
A report on Florida Senate nominee Angie Nixon said she owed nearly $14,000 to the IRS and about $17,600 in federal student loans, putting attention on payment-plan rules and debt disclosure requirements.
A federal judge said Trump and his lawyers used a $10 billion IRS lawsuit to pursue taxpayer-funded benefits and audit protections, raising fresh questions about the legal status of the settlement.
A Fortune analysis found billionaires who left California for Florida ahead of a proposed wealth tax may have taken roughly $29 billion in potential state revenue with them, a case study in domicile timing.
The IRS said 27 states have elected into the new Section 25F credit for gifts to scholarship granting organizations, a dollar-for-dollar option that compares favorably with a normal charitable deduction.
Lawmakers sent voters HJR 1-F, which would lift the non-school homestead exemption to $250,000 by 2028, cap non-homestead assessment growth at 5% and make new residents wait four years.
A union-backed ballot initiative would tax people who lived in California on January 1, 2026, which is why moves being discussed now, in the last days of 2025, matter more than any vote next November.
Florida's governor and House leaders are split over how to cut homestead property taxes. One House plan would phase out non-school levies on homes by 2037, a shift worth far more to high-value homeowners.