Military families have special tax breaks — but the rules can be tricky

Military families have special tax breaks — but the rules can be tricky

Bethany Petrik | Moment | Getty Images Keep your state residency Members of the military often move frequently, but many families save on state taxes via a special federal law, experts say.... Read more »
Here’s how the SALT deduction could change amid Trump’s tax cuts debate

Here’s how the SALT deduction could change amid Trump’s tax cuts debate

U.S. Representative Josh Gottheimer (D-NJ) speaks during a press conference about the SALT Caucus outside the United States Capitol on Wednesday February 08, 2023 in Washington, DC.  Matt McClain | The Washington... Read more »
As the price of bitcoin falls, you can leverage this tax loophole

As the price of bitcoin falls, you can leverage this tax loophole

Jaque Silva/ | Nurphoto | Getty Images With the price of bitcoin down from a record high in January, there’s a chance for some investors to score a tax break, experts say.  ... Read more »
President Trump’s  million gold card tax loophole: Here’s what to know

President Trump’s $5 million gold card tax loophole: Here’s what to know

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box CNBC’s Robert Frank joins ‘Squawk Box’ to discuss details of President Trump’s $5 million gold card visa... Read more »
Trump ‘gold card’ visa comes with a hidden tax break for the wealthy

Trump ‘gold card’ visa comes with a hidden tax break for the wealthy

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 »
Trump’s SALT Tax Promise Hinges on an Obscure Loophole

Trump’s SALT Tax Promise Hinges on an Obscure Loophole

A big fight is brewing in Washington over who can deduct state and local taxes. Source link Read more »
IRS cutting 6,000 jobs: Impact of tax filing, audits and collection enforcement

IRS cutting 6,000 jobs: Impact of tax filing, audits and collection enforcement

CNBC’s Robert Frank joins ‘Squawk Box’ to report on the latest news. Source link Read more »
These red flags can trigger an IRS tax audit, experts say

These red flags can trigger an IRS tax audit, experts say

Maria Korneeva | Moment | Getty Images As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit.  After an infusion of... Read more »
Watch out for this unexpected tax hit from your municipal bonds

Watch out for this unexpected tax hit from your municipal bonds

As tax season revs up, investors might be on the hook for reporting – and paying – obligations on their tax-free municipal bonds. Investors are likely gathering the documents they need to... Read more »
India Tax Cuts to Lift Saving, Consumption, Says Kotak Executive

India Tax Cuts to Lift Saving, Consumption, Says Kotak Executive

The extra cash in the hands of people following the tax tweaks in India’s budget will have a “multiplier effect on the economy” and boost consumption, savings and investments according to Shanti... Read more »
These child tax credit mistakes can halt your refund, experts say

These child tax credit mistakes can halt your refund, experts say

Millions of families claim the child tax credit every year — and filing mistakes can delay the processing of your return and receipt of your refund, according to tax experts.  For 2024... Read more »
Canada’s inflation rate drops to 1.8% in December as sales tax break eases consumer prices

Canada’s inflation rate drops to 1.8% in December as sales tax break eases consumer prices

Canada’s inflation rate fell to 1.8% in December, a surprising drop. This decrease is largely due to a sales tax break introduced mid-month, which reduced the cost of goods like alcohol, restaurant... Read more »
Cryptocurrency tax rules revamped: what 2025 compliance changes mean for your wallet

Cryptocurrency tax rules revamped: what 2025 compliance changes mean for your wallet

As tax season approaches, millions of Americans are gearing up to prepare their 2024 tax returns. However, for those involved in cryptocurrency transactions, a significant shift is on the horizon. Starting in... Read more »
Starmer Won’t Be Drawn Into Row Over Spain’s 100% Home Tax Plan

Starmer Won’t Be Drawn Into Row Over Spain’s 100% Home Tax Plan

Downing Street insisted Prime Minister Keir Starmer has a “great relationship” with his Spanish counterpart, after Pedro Sanchez threatened to impose a 100% tax on sales of homes to buyers from outside... Read more »
What to know at tax time

What to know at tax time

Rhetoric & Writing Studies Major, Adamary Garcia studies inside of the Perry-Castaneda Library at the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell  | Getty Images... Read more »
2025 tax season starts Jan. 27. Here’s how to file for free

2025 tax season starts Jan. 27. Here’s how to file for free

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 »
New Social Security increases may prompt higher tax bills, Medicare premiums

New Social Security increases may prompt higher tax bills, Medicare premiums

Sdi Productions | E+ | Getty Images Nearly 3 million individuals are poised to see their Social Security benefits increase, thanks to new changes signed into law by President Joe Biden this... Read more »
Here’s how retirees can get the biggest tax break for charitable gifts

Here’s how retirees can get the biggest tax break for charitable gifts

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 »
Here's the impact of Trump's tax and tariff plan

Here's the impact of Trump's tax and tariff plan

CNBC’s Robert Frank reports on news regarding President-elect Trump’s tariff and tax plan. Source link Read more »