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Yahoo
5 minutes ago
- Yahoo
Cult mum Lori Daybell called 'coward' as she is given two more life sentences
Lori Vallow Daybell, the doomsday cult follower who killed her two children, has been sentenced to two additional life sentences for plotting to kill her estranged husband and her niece's ex-husband. At her sentencing hearing in Arizona on Friday, Daybell's family members described in court how she victimised them and their disgust. "You are a manipulator, a parasite and a coward," she was told by Kay Woodcock, the grandmother of her murdered son. Daybell had already been sentenced to life in a separate trial for killing her son Joshua "JJ" Vallow, 7, and daughter Tylee Ryan, 16. The latest sentences are for plotting to kill ex-husband Charles Vallow, and ex-nephew Brandon Boudreaux. Her only-surviving son Colby Ryan was among those in court on Friday. He memorialised his father Charles Vallow, who "took care of our family, and he made sure we had a good life". Speaking to her mother, he said it "must be a very sad life to smile your way through all the pain you've caused". "Rather than being able to acknowledge the pain that she has caused, she would rather say that Charles, Tylee and JJ's deaths were a family tragedy and not her evil doing," he said. "Quite frankly, I believe that Lori Vallow herself is the family tragedy." Larry Woodcock, the grandfather of JJ, also lashed out, at times yelling at her. "You murdered Charles, the best thing that's ever happened in your life, for your delusional, narcissistic ways," he said. "I will never speak your name again, murderess. You are nothing." Daybell was found to have conspired with her brother, who died of natural causes in 2019, to murder her ex-husband and cash in on his life insurance. Officials say she also conspired to kill Brandon Boudreaux, who narrowly avoided being shot in the head outside his home. During trial, she argued that her late brother killed her former husband in self-defense. The so-called "Doomsday Mom" represented herself during trial, despite having no legal experience. Chad Daybell, her current husband, is awaiting a death sentence in Idaho for the deaths of the two children, and his wife from the time when his affair began with Lori Daybell. Chad Daybell is an author who has written several apocalyptic novels loosely based on Mormon religious teachings. The murders were committed as part of the couple's bizarre belief that people in their lives had come to be possessed by evil spirits. The sentencing on Friday comes at the end of her third and final trial. The case has gripped the US, after the two children went missing, along with Daybell and her husband. She was later arrested in Hawaii and the children's bodies were found on a property belonging to her husband in Idaho. 'Doomsday' couple charged with child murders Doomsday cult mum sentenced for murdering children Triple-murder 'doomsday' trial starts for Idaho man
Yahoo
5 minutes ago
- Yahoo
Trump's ‘big, beautiful bill': Here's when key tax laws go into effect
Americans may soon see a wave of tax changes — some as early as this year, others rolling out in future tax seasons. These updates stem from the massive tax bill recently signed into law by President Donald Trump. The new legislation includes several key tax rules: an extension of many of the provisions of the 2017 Tax Cuts and Jobs Act (TCJA), an expanded child tax credit, a larger standard deduction for seniors, tax breaks for workers who receive tips and overtime pay, and more. But not all of these provisions will take effect at the same time — and some are permanent while others are temporary. Learn more: Trump's tax law: 5 'big, beautiful bill' tax breaks that won't last long Here's a summary of when some of the key tax provisions go into effect — and expire. A timeline of key tax breaks Tax provision Effective date Temporary orpermanent SALT deduction cap raised to $40,000 2025 through 2029 Temporary(cap drops to $10,000 in 2030) Auto loan interest deduction of up to $10,000 2025 through 2028 Temporary Bonus deduction of $6,000 for people aged 65 and older 2025 through 2028 Temporary No tax on tips and overtime pay 2025 through 2028 Temporary New charitable contribution deduction for people who don't itemize 2026 Permanent Elimination of electric vehicle tax credits Sept. 30, 2025 Permanent Elimination of residential clean energy and energy efficient tax credits Dec. 31, 2025 Permanent Higher child tax credit of $2,200, with annual inflation adjustments 2025 Permanent Increased standard deduction (TCJA amounts made permanent, plus new inflation adjustment for 2025) 2025 Permanent Reduced income tax rates (TCJA rates made permanent, plus new inflation adjustment added) 2026 Permanent Qualified business income deduction of up to 20% made permanent (otherwise would have expired after 2025) 2026 Permanent 2025: Tax changes that could put more money in your pocket Beginning in 2025, millions of Americans could begin benefiting from a wide range of new tax breaks. One of the most notable changes is the expanded state and local tax (SALT) deduction, which increases the cap from $10,000 to $40,000. The change will provide meaningful relief to taxpayers in high-tax states such as New York, California, and New Jersey. The increased SALT cap will be adjusted annually for inflation but is set to drop back to $10,000 in 2030 unless extended by Congress. Another provision beginning in 2025 allows taxpayers to deduct up to $10,000 in auto loan interest for qualifying vehicles — new cars purchased for personal use and with final assembly in the U.S. The deduction applies to loans issued from 2025 through 2028. Seniors will be eligible for a bonus deduction of up to $6,000. Meanwhile, service workers could benefit from a new exclusion of up to $25,000 in reported tip income, while employees who work overtime may qualify for a deduction of up to $12,500, or up to $25,000 for married couples filing jointly. 'These new tax provisions could bring about meaningful changes for taxpayers starting in 2025,' says Tracey Carney, a certified public accountant in New Orleans. 'Now is the time to review how these updates might impact your finances and consider meeting with a qualified tax professional to plan ahead.' 2026: More changes ahead, including health care impacts Several tax changes, including extensions of TCJA provisions, are set to begin in 2026. That said, taxpayers may not notice some of these changes that much, because many of these new provisions are simply continuing what is already in effect for 2025. The 2017 TCJA, passed during Trump's first term, made sweeping changes to the tax code. However, many of its provisions were set to expire after 2025. The new law makes several of those provisions permanent and extends them beyond Dec. 31 of this year. Some of those tax rules include reduced income tax rates, the limit on deducting mortgage interest on debt up to $750,000 and the qualified business income deduction. The new law also makes two significant changes related to health care and taxes beginning in 2026. 'There are two overlooked elements of the big beautiful bill that can have major tax implications for your health care,' says Whitney Stidom, vice president of consumer enablement at eHealth, an independent insurance advisor. 'One impacts how health insurance subsidies are calculated, and the other changes who qualifies to use a health savings account.' The law modifies rules for Affordable Care Act (ACA) subsidies, which help reduce premiums for lower-income Americans. Under the new rules, individuals who earn more than 400 percent of the federal poverty level may still qualify for subsidies, but any excess subsidies received must be repaid in full when filing taxes. 'In the past, there was a cap on how much of the overpaid subsidies you had to return,' Stidom says. 'Now, you may have to repay the full amount.' The law also expands eligibility for health savings accounts (HSAs), allowing more health insurance plans — specifically, catastrophic and bronze-tier ACA marketplace plans — to qualify. An HSA allows people to stash money into a tax-advantaged account for qualified medical expenses, but you can only have an HSA if you also have a qualified high-deductible health plan. For 2025, people can contribute up to $4,300 for themselves into an HSA and the amount increases to $8,550 for families. People aged 55 or older can add a $1,000 catch-up contribution to those amounts. 'There are about 7 million Americans currently enrolled in bronze plans who haven't been able to use an HSA,' Stidom says. 'This change could offer significant new tax benefits.' Learn more: Medical expense deduction: How to claim medical costs on your taxes Some tax breaks will now expire this year The sweeping legislation also ends several clean energy tax credits, but on different timelines. The popular electric vehicle (EV) tax credit is set to expire on Sept. 30. After that date, the credit will no longer be available. Originally introduced in 2008, the credit was expanded under President Joe Biden's Inflation Reduction Act of 2022, offering up to $7,500 for new EVs and $4,000 for used models. 'If you're considering buying a vehicle, now is the time to buy an electric vehicle,' Carney says. 'Unless Congress extends the credit in the future, buyers won't have the chance to take advantage of it once it's gone.' Other credits — specifically, the energy efficient home improvement credit and the residential clean energy credit — are now scheduled to end after 2025. Until the end of the year, taxpayers can claim up to $3,200 per year for eligible improvements to their primary residence under the energy efficient home improvement credit. The credit covers 30 percent of qualified expenses, such as for installing energy efficient doors and windows. The residential clean energy credit allows taxpayers to claim 30 percent of the cost for new qualified clean energy property — including solar panels, solar water heating systems, geothermal heat pumps and more. These credits are nonrefundable, meaning they cannot reduce your tax bill below zero. Learn more: Tax credits are a valuable tool to trim your tax bill — here's how they work Bottom line Carney recommends that taxpayers review both expiring tax provisions and new ones that may apply to their situation. 'Whether it's making qualified home improvements to lower your tax liability or maximizing overtime pay this year, being strategic with your tax planning can lead to big savings when you file your 2026 return,' she says. More: These 9 states have no income tax — that doesn't always mean you'll save money Sign in to access your portfolio
New York Times
7 minutes ago
- New York Times
Bipartisan Pair of House Members to Meet With Sheinbaum in Mexico
A bipartisan pair of congressmen is set to travel to Mexico next week to meet with President Claudia Sheinbaum and other top government officials as President Trump stokes tension between the United States and its southern neighbor. Representatives Don Bacon, Republican of Nebraska, and Ro Khanna, Democrat of California, are planning one of the first formal trips by members of Congress to meet with Ms. Sheinbaum. With Mr. Trump's tariffs driving up prices and his immigration crackdown affecting the region, Mr. Khanna and Mr. Bacon said they hoped to use their visit to figure out how policymakers in Washington could pursue a more constructive approach. 'This is one of our closest allies — one of the nations that most impacts life here in terms of the economy, in terms of the culture, in terms of immigration,' Mr. Khanna said in an interview ahead of the trip. 'And Trump, I think, has really put strains on that relationship with these tariffs.' Mr. Bacon said he was hoping the trip would help him 'understand our neighbors better.' 'I know what we feel about the border,' Mr. Bacon said. 'I think it's going to be fascinating to hear the Mexican leadership perspective on trade, border, cyber, national security.' Mexico has been at the center of the president's trade war and his often whipsawing pronouncements about slapping financial penalties on nations that do not bow to his wishes. Mr. Trump has imposed a 25 percent tariff on a wide range of Mexican goods, and just last week threatened to increase the penalty to 30 percent on Aug. 1 if the country failed to stop drug cartels and the flow of fentanyl into the United States. Mr. Bacon, who represents a swing district that includes Omaha and recently announced he would not seek re-election, is among the few Republicans who has pressed for more congressional oversight of tariff decisions, including those that would apply to Mexico. Want all of The Times? Subscribe.
