As multimillion-dollar IRAs grow, lawmakers vow to curb abuse of these accounts
Data for the 2019 tax year shows that 497 taxpayers have $25 million or more in aggregate IRA balances. Some lawmakers hope to curb use of those tax shelters.
Data for the 2019 tax year shows that 497 taxpayers have $25 million or more in aggregate IRA balances. Some lawmakers hope to curb use of those tax shelters.
House Speaker Nancy Pelosi on Wednesday said President Joe Biden doesn't have authority to forgive student debt. "That's not even a discussion," Pelosi said.
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread.
CSA | Jul 28, 2021 Vancouver – The Canadian Securities Administrators (CSA) is proposing to introduce a new prospectus exemption for issuers listed on a Canadian stock exchange that is expected to provide a more efficient way for them to raise capital. “We’ve heard from market participants that the time and cost to prepare a
Millions of Americans who received unemployment compensation in 2020 were taxed on that income before it was made tax-free. Now the IRS is sending refunds.
The Fed's near-zero rate policy can help some Americans get a leg up, especially if they can refinance high-interest debt or take out a low-interest loan.
Guest Post | Jul 28, 2021 Image: Pixabay When buying a home, there are plenty of important factors a lender will consider when deciding whether or not to give you a mortgage. They will think about your income, your down payment, your other debts, and of course, your credit score. Your credit score is essentially
The federal government created two programs to assist individuals who lived and worked in downtown New York City during the tragedy.
Wired | Bhaskar Chakravorti | Jul 27, 2021 A handful of companies have outsize influence on the world’s artificial intelligence. Policymakers must act now to stem the rise of powerful monopolies. Without intervention, AI could also help undermine democracy–through amplifying misinformation or enabling mass surveillance. The past year and a half has also underscored the
The U.S. Marshals Service has hired crypto custodian Anchorage Digital to custody its seized cryptocurrency.
Cat Rock Capital, a major Just Eat Takeway.com shareholder, says the food delivery firm’s communication with investors is “deeply flawed.”
Whether cash or another type of prize, the IRS expects winners of any lottery to pay taxes on the value of their jackpots.
Cat Rock Capital, a major shareholder in Just Eat Takeway.com, says the food delivery firm’s communication with investors is “deeply flawed.”
Travel giant Amadeus adds fintech functionality from travel app developer Hopper, which is eyeing future development of more financial products.
Shares of the delivery company had been up nearly 25% year to date before the second-quarter earnings report.