Damircudic | E+ | Getty ImagesThe tax deadline is approaching and there's still time to score a deduction with a pretax individual retirement account contribution — if you qualify.For 2023, the IRA contribution limit was $6,500, plus an extra $1,000 for investors age 50 and older. That increased to...
Cavan Images | Cavan | Getty ImagesPresident Joe Biden has floated plans to address the country's affordable housing issues, including new tax breaks for first-time homebuyers and "starter home" sellers. However, experts have mixed opinions on the proposals."I know the cost of housing is so important to you," Biden...
Vivian Tu.Photo: Heidi GutmanBuilding wealth and saving for retirement can be more difficult for women facing challenges such as lower wages despite their increasing levels of education.An early-career mentor sparked a mindset shift for Vivian Tu, the founder of Your Rich BFF, who became a self-made millionaire by age...
Valentinrussanov | E+ | Getty ImagesThe IRS has unveiled final testing for Direct File, the agency's free tax filing program, with plans to fully open in 12 pilot states on March 12.Starting March 4, Direct File will expand final testing for eligible new users to begin federal returns, with...
An H&R Block tax preparation office is seen on Flatbush Avenue in the Prospect Heights neighborhood of Brooklyn in New York City on Feb. 6, 2024.Michael M. Santiago | Getty Images News | Getty ImagesAfter cracking down on TurboTax maker Intuit, the Federal Trade Commission has filed an administrative...
Wael Alreweie | Istock | Getty ImagesBitcoin investors are eagerly waiting for regulators to approve the first U.S. spot bitcoin exchange-traded fund, which could be significant for cryptocurrency investors, experts say.Last week, the price of bitcoin notched an 18-month high, climbing to $37,970, after BlackRock took first steps toward...
Nosystem Images | E+ | Getty ImagesMany older women outlive their spouses and may not expect higher future taxes after suffering from the loss. But there are ways to prepare, according to financial experts. American women have a significantly higher life expectancy than men, according to data from the Centers...
The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024.The agency has boosted the income thresholds for each bracket, applying to tax year 2024 for returns filed in 2025. For 2024, the top rate of 37% applies to individuals with taxable income above $609,350...
kate_sept2004 | E+ | Getty ImagesWhether you're starting to invest or nearing retirement, there are several ways to use exchange-traded funds, or ETFs, to achieve your financial goals, experts say.An ETF is like a basket of individual assets, such as stocks or bonds, with shares that trade on an...
Jitalia17 | E+ | Getty ImagesThe U.S. Department of the Treasury announced Series I bonds will pay 5.27% annual interest Nov. 1 through April 2024, up from the 4.3% annual rate offered since May.Tied to inflation, investors can claim 5.27% for six months — the fourth-highest I bond rate...