Tax planning

Harris’ rise in polls sparks wave of wealth transfers to kids

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the…

How high earners can funnel money to a Roth IRA, the ‘gold standard’ of retirement accounts

You’d think earning more would make it easier to boost retirement savings. But high earners may find it tricky to…

How a tax break of up to $3,200 can help heat your home more efficiently this winter

Winter is almost here, meaning the year’s coldest temperatures aren’t far off. But homeowners can take advantage of recently enacted…

More employers offer a Roth 401(k) — and a Secure 2.0 change may prompt more workers to use it

More workers are getting access to a Roth savings option in their 401(k) plans. In 2022, 89.1% of employers that…

If you found gold coins, meteorites or cash stuffed in a piano, the tax man wants a piece

Consider this a public service announcement for all treasure hunters: Uncle Sam wants a piece of your loot. Someone who…

Trying to choose Pretax vs. Roth 401(k)? Why it’s trickier than you think, experts say

If you have a 401(k), one of the big questions is whether to make pretax or Roth contributions — and…

Robo-advisor Betterment settles tax charges with SEC for $9 million

Robo-advisor firm Betterment agreed on Tuesday to settle charges with the U.S. Securities and Exchange Commission for $9 million over…

Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives

The number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half on Tuesday, as…

That $7,500 electric vehicle tax credit may soon be harder to get. Here are 2 workarounds

It may soon be tougher for consumers to get a $7,500 federal tax credit when buying a new electric vehicle,…

The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits

The IRS said it plans to tax some non-fungible tokens, or NFTs, as collectibles akin to art or gems —…