As the U.S. Department of the Treasury and IRS roll out proposed regulations for crypto tax reporting, experts say it's critical for investors to accurately report and track activity.Stemming from the 2021 federal infrastructure bill, the agencies on Friday unveiled the long-awaited tax reporting proposal for cryptocurrency, non-fungible tokens...
For a growing number of families, financial aid is key when it comes to paying for college.With tuition on the rise, most college-bound students now rely on a combination of resources to make it work, including income and savings, free money from scholarships and grants and, of course, student loans,...
President Joe Biden delivers remarks on the Supreme Court's decision on the Administration's student debt relief program at the White House on June 30, 2023.The Washington Post | The Washington Post | Getty ImagesAfter the Supreme Court struck down the original White House federal student loan forgiveness plan earlier...
Jaap Arriens/NurPhoto via Getty ImagesHoping to invest in artificial intelligence? Today's "niche" companies and those seen as AI leaders are unlikely to be the biggest winners for long-term investors, said Barry Glassman, a certified financial planner and member of CNBC's Advisor Council."I've been through this enough to see that...
Violetastoimenova | E+ | Getty ImagesBy some measures, Americans have never been more in the red.In the second quarter of 2023, total credit card debt surpassed $1 trillion for the first time ever, which helped bring total household debt to $17.06 trillion, also a fresh record, according to the New...
Scott Olson | Getty ImagesEight candidates will take the stage for the first Republican presidential debate Wednesday night — and experts are watching closely for comments on key tax policy issues."The 800-pound gorilla in the room is the Tax Cuts and Jobs Act and the expiration of all the...
Consumers have remained remarkably resilient amid a series interest rate hikes aimed at cooling inflation. However, there are recent signs of a shift.Shoppers are still buying more than last year, but spending growth is slowing as the economy settles down, according to Jack Kleinhenz, chief economist of the National...
Andreypopov | Istock | Getty ImagesProperty taxes can be a major expense for households, and several factors may affect the size of the bill, research shows.These levies, which typically fund public services, such as K-12 education, police and firefighters, can be tough to compare across jurisdictions.But there are four...
A Miami supermarket in July 2023.Joe Raedle | Getty Images News | Getty ImagesThe forecast for the post-pandemic U.S. economy once called for a recession. Now many experts are backing off those predictions.In the latest about-face, 69% of economists surveyed by the National Association for Business Economics, or NABE,...
Maki_shmaki | Istock | Getty ImagesConsider this a public service announcement for all treasure hunters: Uncle Sam wants a piece of your loot.Someone who makes a valuable discovery — whether gold coins, meteorites or even cash — generally owes tax on that haul, which is known as "found" property.The...