D3sign | Moment | Getty Images A key year-end deadline is here for many investors — and skipping it could trigger an IRS penalty of up to 25%. But there’s a way to reduce or even eliminate it, experts say. Most retirees must start so-called required minimum distributions, or RMDs, from pretax accounts at age 73….
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…
Aire Images | Moment | Getty Images As the calendar winds down, there is still time for certain year-end tax moves — but investors need to act quickly, experts say. With the tax season fast approaching, these tactics could boost your refund or reduce taxes owed, depending on how much you’ve already paid. However, most…
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…
Greg Hinsdale | The Image Bank | Getty Images If you live in a high-tax state, you could see some relief from income and property levies for 2025 — thanks to a change enacted via President Donald Trump‘s “big beautiful bill.” The Republicans’ multitrillion-dollar legislation temporarily raised the limit for the federal deduction for state…
Yellow Dog Productions | The Image Bank | Getty Images If you plan to donate money on Giving Tuesday, you could score a tax break. But recent changes enacted via President Donald Trump‘s “big beautiful bill” could affect your savings, financial experts say. Some 36.1 million U.S. adults participated in Giving Tuesday for 2024, with…
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…
A woman puts money into a Salvation Army red kettle outside of Giant Supermarket in Alexandria, Virginia on November 22, 2023. Eric Lee | The Washington Post | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to…
With year-end approaching, it’s a good time to make sure your tax house is in order. It’s especially important for crypto investors, given a new IRS brokerage reporting requirement covering transactions after Jan. 1, 2025. The IRS generally treats crypto like property, similar to stocks or real estate, so selling crypto can trigger a capital…
