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…
Strauss/curtis | The Image Bank | Getty Images Early in the fourth quarter is an ideal time to tackle some financial planning tasks that set you up for success for the rest of the year — and into 2026. “It’s absolutely a great time to do that,” said Dan Moisand, a certified financial planner and…
Trevor Williams | DigitalVision | Getty Images The S&P 500 index closed at a new all-time high on Wednesday amid a federal government shutdown. It rose to a new intraday high early Thursday. Prior to that, the index — which is focused on large-cap U.S. equities — had risen almost 90% since the equity bull…
The United States Capitol building is seen in Washington D.C., United States on October 4 , 2023. Yasin Ozturk | Anadolu Agency | Getty Images Congress has until midnight on Tuesday to pass a funding bill and avoid a shutdown of the federal government. If lawmakers can’t agree, hundreds of thousands of federal employees could…
Brothers91 | E+ | Getty Images Deciding when to claim Social Security retirement benefits is a big decision — and Congress is looking at changing the program’s wording to help people better understand their options. Understanding the trade-offs for claiming at different ages can be confusing, and some experts say the terms the agency currently…
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…
This may not be an era in which Americans are awash in physical currency fattening their wallets, but we are awash in cash parked inside accounts that have been generating attractive yields thanks to Federal Reserve interest rate hikes to combat inflation. There is a record amount of cash in money market funds, roughly $7.6…
Holiday decorations on display at a Costco in Princeton, N.J. Jessica Dickler | CNBC It’s barely the start of fall and yet, by some measures, the holiday season is in full swing. Seasonal décor items — including pre-lit Christmas trees, wreaths, wrapping paper and a popular nativity set — are already on display at my…
The average rate on the 30-year fixed mortgage notched its biggest one-day drop in more than a year on Friday. Although mortgage rates are now at their lowest level since October, the average rate for a 30-year, fixed-rate mortgage is still just around 6.29%, according to Mortgage News Daily — a big leap from the under…
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…
