7 tax tips for seniors to make the most of your deductions

Tax filing season just opened for 2022 returns, and the IRS is already warning that average refunds may be lower since most pandemic economic relief measures are finished. That means careful tax plann...

6 value stock picks for 2023 from successful money managers

Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...

Opinion: Opinion: Trump’s low tax payments are what happens with a too-complex tax code

People tend to have one of two reactions to the revelation that former President Donald Trump paid little to no taxes in recent years: He’s either an amoral tax cheat or he’s smart. To me, it reveals ...

Opinion: Hardship withdrawals from a 401(k) will get easier soon, but not quite yet

If you’re getting crushed by inflation and you have any money sitting in your 401(k), you may be wondering how you can get at it. In that kind of situation, something called a “hardship withdrawal” so...

Big Changes to 401(k) Retirement Plans Move Ahead in Congress

Listen to article (2 minutes) Congress is on the verge of passing a bill that aims to help Americans save more for retirement and leave their retirement savings untouched and untaxed for longer. The b...

Inflation Pushes Social Security COLA to 8.7% in 2023, Highest Increase in Four Decades

Social Security checks will be 8.7% bigger in 2023, the largest cost-of-living adjustment to benefits in four decades, the Social Security Administration said Thursday. The extra funds will provide re...

Amazon, Berkshire Hathaway Could Be Among Top Payers of New Minimum Tax

Listen to article (2 minutes) WASHINGTON—A handful of large companies, such as Berkshire Hathaway and Amazon.com could bear most of the burden from a 15% corporate minimum tax President Biden signed i...

Here’s What a $2 Million Retirement Looks Like in America

For many Americans, retirement advice is limited to encouragement to save more or warnings that they haven’t saved enough. But most people get little guidance or give little thought to what to do with...

What $80 Billion More for the IRS Means for Your Taxes

The last Tax Report came out just as Congress took up the Inflation Reduction Act, and it discussed the bill’s $80 billion in proposed new Internal Revenue Service funding. Over half the new dollars w...

Got Hidden Income? The IRS May Get More Money to Find You

If Congress passes the Inflation Reduction Act, Americans should expect more IRS audits—especially on filers making more than $400,000 a year. The surprise agreement between Sens. Chuck Schumer (D., N...

AT&T Shareholders Who Sell Warner Bros. Stock Face Tax Complexities

Text size AT&T shares have risen 10% since April 8. Stefani Reynolds / AFP via Getty Images Since the AT&T spinoff of its 71% stake in Warner Bros. Discovery to its shareholders on April 8, ma...

You Made $700 From an Online Side Hustle. Now the IRS Will Know.

Now that your 2021 taxes are done—or at least under way—it’s time to focus on a key tax change for 2022 affecting millions of Americans making money through platforms like eBay , Etsy , Airbnb , Venmo...

How to Handle the Taxes on the AT&T Spinoff of Warner Bros.

Text size The Warner Bros. Studios in Burbank, Calif. AT&T shareholders have received a 0.242 share of Warner Bros. Discovery for each AT&T share. Photographer: Bing Guan/Bloomberg Bing Guan/B...

Tax season: does the IRS know if you trade crypto? Is your NFT sale or mining income taxable?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. It is tax season in the U.S., and I’ll ...