Democrats release six years of Trump’s tax returns, and CPAs have questions: ‘The personal tax return is just the tip of the iceberg.’

The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, ...

Donald Trump paid $0 in taxes in 2020. He’s not alone: 60% of households paid no federal income tax that year, but for very different reasons.

It’s not that unusual. Former President Donald Trump and his wife, Melania, paid $0 in income taxes for 2020, according to a report released late Tuesday by the congressional Joint Committee on Taxati...

Financial health dipped in 2022, and consumers aren’t ready for a downturn: CFPB

Americans’ financial health slid by some measures in 2022 amid rising consumer prices, the end of pandemic-era government benefits, and even a return to riskier alternative financial services like tit...

Treasury yields end higher after U.S. inflation reading

Treasury yields ended a holiday-shortened New York trading session higher on Friday, cementing a weekly increase, after the release of the U.S. personal consumption expenditure price index, the Federa...

IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here’s what went wrong.

To avert taxpayer confusion in the upcoming tax season, the IRS is delaying a rule that would have required e-commerce sites and payment platforms like eBay EBAY, +0.12%, Etsy ETSY, -0.32% and PayPal ...

Your Retirement Plans Will Change With the $1.7 Trillion Federal Spending Bill

Congress is poised to approve a $1.7 trillion spending bill this week that seeks to avert a government shutdown and boost the savings of Americans by making significant changes to their retirement pla...

New electric car buying incentives kick in Jan. 1, and a lot has changed. Here’s an explainer.

Congress changed the rules governing electric car tax credits over the summer, but the changes didn’t immediately take effect. Some will kick in soon, while others will taper in over time. The evolvin...

For Landlords, Rising Housing Costs Make It Harder to Earn Passive Income

Listen to article (1 minute) Many Americans dream the path to building wealth is like a trip around the Monopoly board, buying up properties that generate rental income. That can be true, but financia...

Benchmark Treasury yields firm but near recent lows on slowdown fears.

Longer-term bond yields rose on Monday, but remain near 3-month lows as investors continue to fret about a global economic slowdown. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.18...

New tax rule for eBay and Venmo will cause ‘significant confusion,’ CPAs say

As Congress concludes 2022 with a sprint to pass laws and a spending deal, tax accountants are joining a chorus of e-commerce companies and pay platforms who say a revamped tax form is about to cause ...

My mom spent $90K on bitcoin and gifts in a romance scam. Can the tax code help her?

My mom went into debt to buy bitcoin for a scammer because she thought she was in a romantic relationship with him. She also racked up credit-card debt to mail computers and gift cards to the scammer....

Opinion: Opinion: High debts and stagflation will bring mother of all financial crises

NEW YORK (Project Syndicate)— The world economy is lurching toward an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in ...

Dear Tax Guy: ‘I’ve accumulated a lot of junk.’ I plan to make $6,000 selling stuff on eBay. Can I put it into an IRA instead of paying income tax?

I am retired with Social Security and a state pension. Over the last 30 years I’ve accumulated a lot of “junk” from eBay EBAY, +0.17%. Now, I’m also trying to clean out my house, and sell it at cost o...

Get Big Tax Breaks for 2022 by Acting Now

It’s time to make year-end tax moves. With inflation way up and markets way down for 2022, there’s plenty to track. As in the past, most actions for tax-year 2022 must be made before Jan. 1, 2023. The...

13 Ways to Invest in India, the World’s Fastest-Growing Major Economy

India, home to more than 1.4 billion people, has long been a country with great promise and owner-led businesses accustomed to generating large amounts of cash. But India’s rise has been fitful, and o...

Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%.

A day after a Federal Reserve official’s market-moving admission that interest rates may need to go to as high as 7%, analysts came up with an even more surprising conclusion: that 7% still won’t be h...

Trump Organization CFO Weisselberg chokes up on witness stand, claims his ‘personal greed’ drove $1.7 million tax-avoidance scheme

NEW YORK (AP) — Donald Trump’s longtime finance chief choked up on the witness stand Thursday, saying he betrayed the Trump family’s trust by scheming to dodge taxes on $1.7 million in company-paid pe...

Opinion: Opinion: What Bullard got wrong about a 7% fed funds (and why he said it anyway)

An influential Federal Reserve official briefly spooked the stock SPX, -0.31% and bond TMUBMUSD10Y, 3.769% markets on Thursday by warning that the central bank may have to raise interest rates much fu...

Dear Tax Guy: ‘What happens if I sell my existing house to pay off the loan on my new home? How much tax will I owe?’

Greeting, readers. I’m Andrew Keshner and I’m the tax reporter for MarketWatch. I write about the controversies, open questions and best strategies about taxes. For the purposes of this new column, th...

As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit

A temporary tax break for small businesses has spawned a cottage industry of advisory firms tapping into federal pandemic aid, raising alarms at the Internal Revenue Service that some claims are going...

Judge Blocks Student Debt Relief Program. What That Means for Navient.

A federal judge from Texas blocked President Joe Biden’s student debt relief program on Thursday. This could be good news for lenders like Navient In August, Biden announced his student loan debt plan...

Market Losses Can Reduce Your Tax Bill for Years. Here’s How.

This year’s market mayhem could shave your tax bill for years to come. With just weeks to go, 2022 is poised for steep negative annual returns in both stocks and bonds, a correlated collapse that has ...

‘Voters are looking for help’: With control of Congress too early to call, here are 3 burning tax questions

A day after midterm elections, it remains uncertain whether either party will end up with Congressional control or whether it will be a divided Congress — and that has consequences for these tax quest...

‘It’s a touchy subject’: My in-laws live in our basement. They gave us our 20% down payment. Should we charge them for renovations?

Last year, my husband and I approached my in-laws to see if they wanted to live with us. We had learned that my father-in-law had terminal cancer but could still live five to seven years in remission,...

‘Am I being ripped off?’ I moved into my husband’s home. I pay for groceries. The rental income from my apartment goes into our joint savings.

I read one of your previous columns regarding the boyfriend who wants the letter writer to move in. My case is similar, but we have already made a decision on how to structure our finances as they rel...

40% of households will pay no federal income tax this year. Why that’s good news.

Millions of workers are bouncing back — and making enough money to pay Uncle Sam. Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic...

Yellen warns of ‘dangerous and volatile environment’ as she pledges to bolster Treasury market

““We’ve experienced energy shocks, food shocks, supply shocks, persistent inflation in many countries around the world, rising interests rates in many parts of the world and we have seen some financia...

IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.

America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Inter...

IRS sets new 401(k) limits — investors can save a lot more money in 2023

People can contribute up to $22,500 in 401(k) accounts and $6,500 in IRAs in 2023, the IRS said Friday. For 401(k)s, that’s an almost 10% increase from 2022’s contribution limit of $20,500. For IRAs, ...

New IRS tax brackets and standard deduction could save families hundreds or even thousands of dollars. Now, for the bad news.

In a time of rising costs, the Internal Revenue Service just raised income-tax brackets through new inflation adjustments for next year. It might feel tough sometimes to link the IRS with the concept ...

‘Fragile’ Treasury market is at risk of ‘large scale forced selling’ or surprise that leads to breakdown, BofA says

The world’s deepest and most liquid fixed-income market is in big, big trouble. For months, traders, academics, and other analysts have fretted that the $23.7 trillion Treasurys market might be the so...

Opinion: Don’t have $13 million? The lifetime estate- and gift-tax exemptions for 2023 still matter to you.

The wealthiest families in the U.S. will get a bit of inflation-adjusted relief from the IRS in 2023, with the lifetime estate-tax exemption increasing to $12.9 million for individuals, up from $12.06...