Pra-chid | Istock | Getty Images Expanded free filing options for 2025 For the 2025 season, Direct File, the IRS’ free tax filing program, will be open to eligible taxpayers in 25 states. That’s... Read more »
Simpleimages | Moment | Getty Images Why your take-home pay could be higher If you’re starting 2025 with wages similar to your 2024 wages, your take-home pay — or compensation after taxes... Read more »
Gipi23 | E+ | Getty Images A penalty ‘for maxing out too early’ Lump-sum investing, or putting larger amounts of money to work sooner, maximizes time in the market, which can increase... Read more »
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to... Read more »
Xavierarnau | E+ | Getty Images If you’re retired and planning a year-end donation to charity, there’s a key move to maximize your tax break, financial experts say. Qualified charitable distributions,... Read more »
Images By Tang Ming Tung | Digitalvision | Getty Images As some Americans struggle to save for retirement, key 401(k) plan changes could soon make preparing easier for certain workers, experts say. ... Read more »
Marco Vdm | E+ | Getty Images Many employees have a health savings account, which offers tax incentives to save for medical expenses. However, most are still missing out on long-term HSA... Read more »
Hispanolistic | E+ | Getty Images Crypto investors could face higher taxes amid the surging price of bitcoin. But if you’re in the 0% capital gains bracket, you can reduce future taxes... Read more »
Izusek | E+ | Getty Images Despite a strong year for the stock market, you could still be sitting on portfolio losses. But you can leverage down assets to score a tax... Read more »
JGI/Tom Grill | Tetra images | Getty Images At a recent campaign rally, President-elect Donald Trump promised new financial help for family caregivers. “I will support a tax credit for family caregivers... Read more »
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 to that... Read more »
dowell | Moment | Getty Images Before the election, some advisors increased Roth individual retirement account conversions for clients amid the threat of higher taxes after 2025. Now, tax hikes are less... Read more »
Republican presidential nominee and former U.S. President Donald Trump holds a rally in Saginaw, Michigan, U.S., October 3, 2024. Democratic presidential nominee U.S. Vice President Kamala Harris and Vice-Presidential candidate Tim Walz... Read more »
If you’re weighing a year-end Roth individual retirement account conversion, waiting too long could be risky, financial experts say. Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can... Read more »
dowell | Moment | Getty Images The earnings limit for the 0% capital gains bracket will rise in 2025, which could offer tax planning opportunities, financial experts say. At sale, profitable assets... Read more »
Phynart Studio | E+ | Getty Images If you’re ready to rebalance investments or harvest profits, you could shield more earnings from capital gains taxes in 2025. The IRS on Tuesday announced... Read more »
Christopher Grigat | Moment | Getty Images Investors can generally reduce their tax losses in a portfolio by using exchange-traded funds over mutual funds, experts said. “ETFs come with tax magic that’s... Read more »
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 said. The... Read more »
Izusek | E+ | Getty Images Exchange-traded funds are generally known for passive strategies. But there has been a surge in actively managed ETFs as investors seek lower costs and more precision,... Read more »