Elon Musk could become world’s first trillionaire
Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest …
Government taxation and revenue
Trump’s tax cuts could expire after 2025. How advisors are preparing
Republican presidential nominee former President Donald Trump attends a rally at the site of the July assassination attempt against him, in Butler, Pennsylvania, Oct. 5, 2024. Brian Snyder | Reuters …
How the Social Security payroll tax limit for 2025 may affect you
Hispanolistic | E+ | Getty Images How the Social Security tax calculation works The Social Security payroll tax rate is 12.4%, with workers paying 6.2% through paycheck deductions. Employers pay …
Interest on car loans would be tax deductible under Trump proposal
Republican presidential nominee and former U.S. President Donald Trump gestures as he speaks during a campaign event at Riverfront Sports in Scranton, Pennsylvania, U.S. October 9, 2024. Brendan McDermid | …
What to do with required withdrawals when you don’t need the money
Skynesher | E+ | Getty Images For some retirees, the deadline to take required withdrawals from retirement accounts is approaching — and those who don’t need the money have options, …
Here’s which states can use IRS free tax filing for 2025
Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill on May 07, 2024 in Washington, DC. Kevin Dietsch | Getty Images News | Getty …
Why your Roth IRA conversions could have ‘unintended’ tax consequences
Baona | E+ | Getty Images As year-end approaches, you may be eyeing Roth individual retirement account conversions. The strategy, however, boosts your income, which can have other tax consequences, …
The tax extension deadline is Oct. 15. What to do if you can’t pay
Woman at home looking at the bills and taxes. Hirurg | E+ | Getty Images The tax extension deadline is Oct. 15, but you have options if you still can’t …
Trump floats R&D tax credit, White House ‘manufacturing ambassador’
Former US President and Republican presidential candidate Donald Trump speaks during a campaign rally at Johnny Mercer Theatre Civic Center in Savannah, Georgia, on September 24, 2024. Chandan Khanna | …
Trump’s promise to repeal SALT caps revives the fight on Capitol Hill
U.S. Representative Josh Gottheimer (D-NJ) speaks during a press conference about the SALT Caucus outside the United States Capitol on Wednesday February 08, 2023 in Washington, DC. Matt McClain | …