Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new report from real-estate analytics company …
Alert to sports bettors: Beware of the taxman. If you placed bets through betting operators like DraftKings DKNG, +2.07%, Penn National Gaming PENN, +2.74% and Caesars CZR, +4.46% in 2021, you may have to pay taxes. Here’s what you need …
U.S. stocks were under pressure Monday, with tech and other growth names bearing the brunt, as Treasury yields continued to soar ahead of a busy week in inflation data. What’s happening The Dow Jones Industrial Average DJIA fell 140 points, …
According to one recent estimate, the total amount of outstanding student loan debt is about $1.75 trillion. Of that, federal student loans total about $1.59 trillion. According to the same source, about 43.2 million student borrowers owe an average of …
President Joe Biden’s budget, released Monday, includes proposals that would “modernize” tax rules for digital assets, and the administration expects the reforms to be part of a new revenue-raising effort that will reduce the federal budget deficit by more than …
The numbers: The U.S. posted a budget deficit of $217 billion in February vs. a shortfall of $311 billion in the same month last year, reflecting slower growth in government debt after the end of pandemic-induced federal stimulus. Key details: Spending in …
In divorce, one spouse or ex-spouse may become legally obligated to make payments to the other party. Because these payments are often substantial, being able to deduct them, or not, can be a significant tax issue. Before the 2017 Tax …
Treasury yields were climbing on Wednesday as investors held out some hope that a resolution of hostilities, now in the second week, in the Ukraine could soon be achieved. Yields for U.S. government debt were little affected by a lackluster …
Federal Reserve Chair Jerome Powell is telegraphing his first punch in the fight against inflation — his intention to support a 25 basis-point increase on a benchmark interest rate, the first in a number of potential rate hikes this year. …
You have an adult child who is struggling to buy a home in today’s overheated seller’s market. Meanwhile, you’re ready to unload your current abode. Maybe to downsize or move into a retirement community. Maybe to move to a warmer …
Did you add a vehicle for use in your small business last year? Or maybe this year? The 2017 Tax Cuts and Jobs Act (TCJA) included super-favorable first-year depreciation breaks for vehicles used for business. Those federal income tax breaks …
I am a California resident. My husband and I own a 1,800-square-foot home that we bought in 2019 for $1.5 million. We have between 40% and 50% equity in the property due to a large down payment. We live five …