A UPS truck at the Palace Imports warehouse in Linden, New Jersey, US, on Wednesday, Aug. 27, 2025. Michael Nagle | Bloomberg | Getty Images After a wave of big companies announcing steep job cuts, many laid-off workers may face a financially difficult and uncertain period ahead. Amazon said on Tuesday that it would eliminate…
Jetcityimage | Istock | Getty Images The U.S. Department of the Treasury has announced new rates for Series I bonds. Newly purchased I bonds will pay 4.03% annual interest from Nov. 1 through April 30, which is up from the 3.98% yield offered through Oct. 31. The new rate includes a variable portion of 3.12%,…
If you inherited an individual retirement account, there is a key change for 2025 that — without action on your part before year-end — could trigger an IRS penalty of up to 25%. Starting in 2025, certain non-spouse heirs, including adult children, must start taking required minimum distributions, or RMDs, while emptying their inherited IRA…
D3sign | Moment | Getty Images The IRS has unveiled the capital gains tax brackets for 2026, with higher earnings limits for the 0% rate. That could offer tax planning opportunities for many investors, financial experts say. The bigger limit is “pretty incredible, especially in years like this where the market’s been roaring,” said Tommy…
Pra-chid | Istock | Getty Images The IRS has announced new federal income tax brackets and standard deductions for 2026. In its announcement Thursday, the agency raised the income thresholds for each bracket, which apply to tax year 2026 for returns filed in 2027. The IRS also boosted figures for other provisions, including long-term capital gains…
President Trump’s One Big Beautiful Bill passed over the summer, but the tax benefits have barely begun. Many Main Street businesses stand to gain significantly from new tax law deductions into next year, some key ones as high as 100% of costs. The favorable tax measures are not all entirely new. Some had been phased…
New Year celebration concept. Front view. Close-up Anna Efetova | Moment | Getty Images President Donald Trump‘s “big beautiful bill” added trillions of dollars of tax breaks, some of which could impact your deduction for charitable giving. U.S. individual giving grew to $392.45 billion in 2024, up by about 5%, including inflation, from the previous year, according…
Charging an electric vehicle. Tashdique Mehtaj Ahmed | Moment | Getty Images The price of used electric vehicles has come down to levels comparable with gasoline cars, a dynamic poised to boost their popularity despite the loss of a federal tax incentive for EVs, according to auto analysts. In August, the price premium for used…
Ugur Karakoc | E+ | Getty Images The U.S. Department of the Treasury and IRS on Friday issued proposed regulations with more details about President Donald Trump‘s “no tax on tips” deduction. Enacted via Trump’s “big beautiful bill” in July, the provision allows certain workers to deduct up to $25,000 in “qualified tips” per year…
There are two big winners for the $1.787 billion Powerball jackpot — and one could face a bigger tax bill. Winning tickets sold in Missouri and Texas matched all six numbers from Saturday night’s drawing, and those individuals will split the second-largest lottery jackpot, according to Powerball. Each ticket holder can pick between two pretax…
