HHS wants to reclassify marijuana: What it means
A worker sets up Florist Farms cannabis products on the first day of legal recreational marijuana sales at the Housing Works Cannabis Co. in New York, on Thursday, Dec. 29, …
Government taxation and revenue
Treasury proposes crypto tax reporting rule. What it means for investors
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 …
IRS delays ‘Secure 2.0’ change for 401(k) catch-up contributions
Terry Vine | Getty Images Higher earners who maximize retirement savings now have more time for pretax catch-up 401(k) contributions, thanks to new IRS guidance. Currently, “catch-up contributions” allow savers …
Key tax policy issues to watch for at the first Republican debate
Scott Olson | Getty Images Eight candidates will take the stage for the first Republican presidential debate Wednesday night — and experts are watching closely for comments on key tax …
Some lawmakers want to increase the 1099-K tax reporting thresholds
As the year-end approaches, there’s been debate around tax reporting for business transactions on payment apps such as Venmo and PayPal, along with e-commerce companies, such as eBay, Etsy and Poshmark. Some lawmakers are …
How to leverage 0% capital gains with tax-gain harvesting
dowell | Moment | Getty Images If you’re sitting on profitable assets, there’s a lesser-known tax-gain harvesting strategy, which can help rebalance your portfolio or trim future taxes. While tax-loss …
Hunter Biden lawyer begs off tax and gun case, cites plea talks
Hunter Biden, son of US President Joe Biden, arrives at Fort Lesley J. McNair in Washington, DC, on Tuesday, July 4, 2023. Ting Shen | Bloomberg | Getty Images A …
Hunter Biden lawyers say feds reneged on plea deal
Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, July …
Trump Organization monitor tells judge about disclosure issues
Former U.S. President and Republican presidential candidate Donald Trump looks on as he speaks during a campaign rally in Erie, Pennsylvania, U.S., July 29, 2023. Lindsay Dedario | Reuters The …
Mega Millions jackpot hits $1.05 billion. Here’s the possible tax bill
The Mega Millions jackpot soared to $1.05 billion on July 31, 2023. Shannon Stapleton | Reuters The Mega Millions jackpot has soared to more than $1 billion for the fifth …