With tax season approaching, millions of workers could soon claim the “no tax on tips” deduction, which offers a tax break for returns filed in 2026. But some experts question which workers will benefit from the policy. Enacted via President Donald Trump‘s “big beautiful bill,” the provision allows certain workers to deduct up to $25,000…
Polymarket banner outside the New York Stock Exchange on Oct. 7th, 2025. Kevin Stankiewicz | CNBC Prediction markets are booming, with monthly trading in the billions and a recent estimate from a consulting firm saying that the relatively new phenomenon could grow to $1 trillion by the end of the decade. That’s a lot of…
President Donald Trump addresses the nation from the Diplomatic Reception Room of the White House in Washington, Dec. 17, 2025. Doug Mills | Afp | Getty Images Read more CNBC personal finance coverage Trump’s address comes amid the president’s falling approval ratings on inflation and the cost of living, according to the CNBC All-America Economic…
Alistair Berg | Digitalvision | Getty Images Recent legislation and policy changes under the Trump administration have upended federal student loans. For some borrowers, the shifts may affect their tax situation — how much they owe the IRS, or whether they actually get an expected tax refund. More than 40 million Americans hold student loans, and the outstanding…
Many restaurants may need to rethink their mandatory gratuity policies if they want this income to count as qualified tips for their workers under the new tax laws. The “no tax on tips” provision in President Trump’s One Big Beautiful Bill Act allows certain workers to deduct up to $25,000 in “qualified tips” per year…
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…
The Dome of the U.S. Capitol Building is visible in reflection on October 14, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images As the government shutdown stretches on, it’s not easy for borrowers to gauge what’s happening with their student loan debt. The U.S. Department of Education has been sending…
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…
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…
