Tax

By 2028, $124 trillion will transfer from older to younger generations, mainly to GenX and Millennials. Dave Ramsey emphasizes financial integrity and understanding tax implications to preserve wealth.

Niloy Chakrabarti May 08, 2026

US Treasury Secretary Scott Bessent advises Americans to update withholdings for 2026 to receive bigger paychecks, but experts warn against hasty changes, highlighting penalties.

Niloy Chakrabarti Apr 20, 2026

Former IRS agent Joe Bannister says he was silenced when he questioned the agency about laws that do not require Americans to pay taxes.

Niloy Chakrabarti Apr 15, 2026

Senator Bernie Sanders and Rep. Ro Khanna proposed a 5% wealth tax on billionaires to fund social programs, potentially raising $4.4 trillion over a decade.

Niloy Chakrabarti Apr 10, 2026

There are multiple ways retirees can manage IRS tax notices without depleting their 401(k) savings and falling into higher tax brackets.

Niloy Chakrabarti Apr 08, 2026

Close to a million US taxpayers received CP53E tax notices about refund delays of up to 6 weeks for paper check requests. They have 30 days to update banking details via online IRS account to expedite refunds.

Niloy Chakrabarti Mar 17, 2026

Americans are set to receive bigger tax refunds this year, but they could be delayed for those opting for paper checks as the IRS transitions to fully electronic direct deposit payments.

Niloy Chakrabarti Mar 11, 2026

The majority of US tax filers fail to claim the earned income tax credit or the additional child tax credit due to complex eligibility criteria.

Niloy Chakrabarti Mar 02, 2026

US President Donald Trump's proposed retirement plan aims to provide universal coverage and federal matching contributions for American workers left out of the system.

Niloy Chakrabarti Feb 26, 2026

Millions of US families could receive bigger IRS tax refunds in 2026 as new credits, deductions and updated refund rules take effect this filing season.

Tanmay Puri Feb 10, 2026

Billionaire investor Mark Cuban recently revealed how he would use a phone and $500 to find a job and leverage his performance to create more money in six months.

Niloy Chakrabarti Feb 09, 2026

Google cofounder Larry Page purchased two Miami properties for $171 million and plans to move businesses out of California to avoid a potential wealth tax of 5%.

Niloy Chakrabarti Feb 06, 2026

The IRS phased out paper refund checks and will freeze payments when direct deposit fails. With average refunds projected at $4,200, millions of low-income filers risk months of delays.

Jim Manzon Feb 06, 2026

The Internal Revenue Service recently urged US taxpayers to create online accounts for security, fast tax filing, and access to a host of features.

Niloy Chakrabarti Feb 05, 2026

US President Donald Trump recently said that Trump accounts could reach a value of $50,000 if parents make modest contributions until their children turn 18.

Niloy Chakrabarti Feb 03, 2026

Tax changes may lead to bigger refunds, but understanding the new rules is important. Filing early doesn't boost refunds.

Niloy Chakrabarti Feb 02, 2026

Chancellor Rachel Reeves records £94bn in tax receipts but still faces borrowing pressures as businesses warn of rising costs and investors watch for long-term growth signals.

Corazon Victorino Jan 23, 2026

Kamala Harris and her husband Doug Emhoff recently purchased an oceanfront Malibu mansion for $8 million as the former US Vice President embraces a low-profile lifestyle away from the public eye.

Niloy Chakrabarti Jan 21, 2026

Billionaire Peter Thiel donated $3 million to a group opposing California's proposed wealth tax, which is expected to generate $100 billion for the state's healthcare, schools, and food programs.

Niloy Chakrabarti Jan 21, 2026

US retirees and heirs of retirement accounts like 401(k)s and IRAs often make this year-end mistake that costs them IRS tax penalties of up to 25%.

Niloy Chakrabarti Jan 13, 2026

Dave Ramsey was shocked to learn a young couple built a summer camp using credit cards and ended up with massive debts, with no way out but filing bankruptcy.

Niloy Chakrabarti Jan 13, 2026

Eight US states slashed income tax rates on 1 January 2026, but fiscal warnings emerge as Nebraska's surplus turns to a shortfall amid the nationwide tax-cutting trend.

Jim Manzon Jan 13, 2026

Jensen Huang is okay with California's proposed wealth tax, which could cost him nearly $8 billion. The measure faces mixed reactions.

Niloy Chakrabarti Jan 08, 2026

Retirees face IRS penalties of up to 25% if they fail to take required minimum distributions from pretax investment accounts at age 73.

Niloy Chakrabarti Jan 05, 2026

The IRS has released official guidance on how Americans can deduct up to $10,000 in car loan interest annually through 2028. Here's what qualifies.

Jim Manzon Jan 02, 2026

Enhanced tax breaks under US President Donald Trump's One Big Beautiful Bill Act will boost federal income tax refunds next year by several hundred dollars.

Niloy Chakrabarti Dec 05, 2025

The IRS has issued guidance on how millions of US workers can claim deductions on cash tips and overtime income for the 2025 tax year, with actual use cases provided.

Niloy Chakrabarti Nov 26, 2025

US Congressman has criticised 'Call of Duty: Black Ops 7' for allegedly using AI-generated art, calling for regulation and a tax on AI-driven job loss. Here's how the COD controversy is reshaping debates around AI, gaming, jobs, and US politics.

Tanmay Puri Nov 18, 2025

While no nationwide stimulus is confirmed for November, millions in three US states will receive relief cheques this month through targeted programmes.

Niloy Chakrabarti Nov 11, 2025

Warren Buffett's Berkshire Hathaway underperforms the S&P 500 this year, partly due to significant sales of Apple shares since late 2023, costing an estimated $50 billion in potential profits.

Niloy Chakrabarti Oct 27, 2025