How Harris’ running mate Tim Walz could help shape child tax credit

How Harris’ running mate Tim Walz could help shape child tax credit

Minnesota Governor Tim Walz in the Governors Reception room in the State Capitol Wednesday, November 30, 2022 St. Paul, Minn. Star Tribune Via Getty Images | Star Tribune | Getty Images How Minnesota’s child tax credit stacks up Described by Walz as a “signature accomplishment,” Minnesota’s refundable child tax credit was $1,750 per child for … Read more

Kamala Harris’ tax records reveal ‘fairly basic’ approach, experts say

Kamala Harris’ tax records reveal ‘fairly basic’ approach, experts say

U.S. Vice President Kamala Harris and second gentleman Douglas Emhoff descend from Air Force Two in Wilmington, DE, U.S., July 22, 2024.  Erin Schaff | Via Reuters Vice President Kamala Harris’ personal financial records are under fresh scrutiny now that she is running for the highest office in the United States. Experts say recent tax … Read more

Working remotely from a cruise? Here’s why the IRS still expects taxes

Working remotely from a cruise? Here’s why the IRS still expects taxes

Jenny Hunnicutt poses in front of the Royal Caribbean Ultimate World Cruise, which she’s been on for nearly nine months traveling the world. While on board, she’s working remotely for her writing and consulting business based in Florida. Courtesy: Jenny Hunnicutt Income made ‘worldwide’ is taxable Despite a Bahamas flag flying atop the Serenade of … Read more

Building up middle class will be a goal. How she may do it

Building up middle class will be a goal. How she may do it

Vice President and 2024 Democratic presidential candidate Kamala Harris speaks at a campaign event in Atlanta, Georgia, on July 30, 2024. Elijah Nouvelage | Afp | Getty Images “Building up the middle class will be a defining goal of my presidency,” Vice President Kamala Harris said at a political event in Atlanta on Tuesday evening. “When our middle … Read more

Shapiro, Harris VP contender, has tax filing event with Yellen

Shapiro, Harris VP contender, has tax filing event with Yellen

Josh Shapiro speaks at his swearing in as Governor of Pennsylvania at the State Capitol Building on January 17, 2023 in Harrisburg, Pennsylvania. Mark Makela | Getty Images Pennsylvania Gov. Josh Shapiro will join Treasury Secretary Janet Yellen to announce that Pennsylvania, a key election battleground, is the next state to get access to the … Read more

Dubai set to welcome more millionaires as UK wealthy move their money

Dubai set to welcome more millionaires as UK wealthy move their money

Aerial view of cityscape and skyscraper at sunset in Dubai Marina. Lu Shaoji | Moment | Getty Images The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. At the same time, the U.K. – already the source … Read more

Here are key crypto tax rules that every bitcoin investor should know

Here are key crypto tax rules that every bitcoin investor should know

Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference in Nashville, Tennessee on July 27, 2024. Jon Cherry | Getty Images News | Getty Images With the price of bitcoin hovering around $70,000 again, experts have tax advice for new … Read more

Here’s where Kamala Harris could stand on tax policy, experts say

Here’s where Kamala Harris could stand on tax policy, experts say

U.S. Vice President Kamala Harris speaks during a campaign event at Westover High School in Fayetteville, North Carolina, on July 18, 2024. Allison Joyce | Afp | Getty Images With President Joe Biden officially out of the election, experts are watching for tax policy from Vice President Kamala Harris, the frontrunner for the Democratic nomination. … Read more

Gen X reaches retirement withdrawal age; experts say don’t use the money

Gen X reaches retirement withdrawal age; experts say don’t use the money

Fg Trade | E+ | Getty Images Gen Xers are starting to reach age milestones that give them penalty-free access to certain retirement funds. The eldest members of that generation will be turning 59 this year. And once they reach a certain milestone — age 59½ — they can withdraw money from their individual retirement … Read more

How Project 2025 could impact your taxes under a second Trump term

How Project 2025 could impact your taxes under a second Trump term

Republican presidential nominee and former U.S. President Donald Trump applauds on Day 2 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 16, 2024. Elizabeth Frantz | Reuters As former President Donald Trump secures the Republican presidential nomination, both political parties are eyeing Project 2025, a multi-pronged policy plan … Read more