401(k) contribution limits for 2025
Pgiam | Istock | Getty Images The IRS has announced new 401(k) contribution limits for 2025. In its release Friday, the agency increased the employee deferral limit to $23,500, up …
Taxes
You can still reduce your 2024 taxes with these strategies
Westend61 | Westend61 | Getty Images There’s still time to lower your taxes or boost your refund for 2024, financial experts say. Typically, there’s a refund when you overpay taxes …
Democrats Push Issues In Closing Message Against Donald Trump
It’s one of the most-aired ads of the 2024 election: Buddy, a Black man from Allentown, Pennsylvania, watches on a tablet as former President Donald Trump tells a crowd at …
2025 tax brackets and federal income rates
Rockaa | E+ | Getty Images Federal tax brackets for 2025 Federal income tax brackets show how much you owe on each part of your “taxable income,” which you calculate …
Here’s how to find a tax preparer for the 2025 season
Leopatrizi | E+ | Getty Images Most tax preparers don’t have credentials Despite the talent shortage, vetting is important because “pretty much anyone can call themselves a tax preparer,” Young …
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 …
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 …
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, …
Group That Says Tariffs Are Taxes Touts Tariff-Pushing JD Vance Taking Its No-Tax Pledge
In 2019, when then-President Donald Trump was considering higher tariffs on goods from Mexico, Grover Norquist, the president of Americans for Tax Reform, held an unequivocal view: “Tariffs are taxes.” …
Economists say policy is suppressing growth
Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4%, according to research by the Economic Policy Institute. This trend has often …