Selling assets to avoid a higher capital gains tax? You may trigger another tax
President Joe Biden is proposing a higher top tax rate on capital gains. Investors who make a snap sell decision may subject investment income to a 3.8% surtax.
President Joe Biden is proposing a higher top tax rate on capital gains. Investors who make a snap sell decision may subject investment income to a 3.8% surtax.
Rock-bottom rates can help some Americans save money, especially if they refinance or pay down high-interest debt.
As details of President Joe Biden's tax plan emerge, experts weigh in on whether he can shield those with income of $400,000 or less from higher levies.
The president wants the current two-year expansion of financial help available through the marketplace to become permanent.
The Philippines' new law will reduce corporate income tax and boost foreign investment into the country, finance secretary Carlos Dominguez said.
GameStop sold 3.5 million additional shares, raising $551 million to speed up the company's e-commerce transformation.
This year's Social Security cost-of-living adjustment was 1.3%. Now, new data shows that many expenses are going up even faster.
Taxpayers with income under $75,000 are projected to have no tax liability after deductions and credits for 2021, according to a congressional report.
As Covid vaccinations increase, so are plans to return to the office, whether workers are ready or not.
CNBC's Jim Cramer said he has to be "somewhat critical" of Tesla's earnings report because he expected Elon Musk's firm to "make more money."
PwC | April 2021 Challenges related to new monetary infrastructures and opportunities for businesses Payment behaviour is changing. Cash is being used less and less with the generalisation of bank card payments: just 28% of the amount of point-of-sale transactions is made in cash according to the Banque de France, and is declining year-on-year. In
Democrats are split over ending the $10,000 cap on SALT, a sticking point that could significantly delay President Biden's infrastructure and tax bills.
President Joe Biden is expected to call for higher capital gains taxes. But the U.S. would lose billions if the step-up in basis at death isn't also eliminated.
A bill proposed Tuesday by House Ways and Means Chairman Richard Neal, D-Mass., would make recent enhancements to the child tax credit permanent.
Retirees worried about inflation may want to consider Treasury inflation-protected securities, or TIPS, as a way to help maintain purchasing power.