Many consumers are rightfully concerned about escalating trade tensions. President Donald Trump on Saturday said he would impose 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China. He also signaled that tariffs on the European Union could be next. While Trump has agreed to halt the implementation of tariffs against Canada for at least 30 days […]
Tractor trailers at the Ysleta-Zaragoza International Bridge port of entry, on the U.S.-Mexico border in Juarez, Chihuahua state, Mexico, on Dec. 20, 2024. David Peinado/Bloomberg via Getty Images President Donald Trump signed orders on Saturday placing tariffs on Canada, China and Mexico. Trump put a 25% tariff on imports from Canada and Mexico, and a […]
Miniseries | E+ | Getty Images Leverage the 401(k) ‘super catch-up’ For 2025, investors can save more with higher 401(k) plan limits. Employees can defer $23,500 into 401(k) plans, up from $23,000 in 2024. The catch-up contribution limit is $7,500 for workers ages 50 and older. But thanks to Secure 2.0, there’s a “super catch-up” […]
Tom Goldstein, who writes SCOTUSblog.com, poses for a photograph in front of the Supreme Court, Thursday, Oct. 31, 2013, in Washington. Alex Brandon | AP A top Supreme Court lawyer who co-founded a popular blog about the high court was indicted Thursday in Maryland on federal tax evasion charges that allege he failed to declare […]
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 and benefit deductions — could be a little higher, depending on your withholdings, according to Long. “When all the tax brackets go up, […]
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. Enacted by Congress in 2022, “Secure 2.0” ushered in sweeping changes to the U.S. retirement system, including several updates to 401(k) plans. Some […]
In a recent appearance on CNBC, former Donald Trump Treasury Secretary Steve Mnuchin spoke as if the President-elect’s tax cut promises were a sure thing, legislatively speaking. “The top priority is extending the Trump tax cuts and the signature part of his program. I think that should be easy to pass in Congress, particularly if […]
Former President Donald Trump stood by his idea to end income taxes and substitute them with tariffs in a Friday interview with Joe Roganthe host of one of the most widely listened to podcasts in the world. “Did you just float out the idea of getting rid of income taxes and replacing it with tariffs?” […]
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 IRS receives more than 160 million federal tax returns every year and most come from paid preparersaccording to the National Taxpayer Advocate’s 2024 […]
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 More from FA 100: Here’s a look at more coverage of CNBC’s FA 100 list of top financial advisory firms for 2024: It’s unclear which […]
