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All About the Stepped-Up Basis Loophole
SmartAsset via Yahoo Finance· 1 year agoStepped-up basis is a tax provision that allows heirs to reduce their capital gains taxes. When someone inherits property and investments, the IRS resets...
5 tax changes to watch out for in the upcoming federal budget
Financial Post via Yahoo Finance· 3 months agoWhat could be in the federal budget that Finance Minister Chrystia Freeland is delivering on April...
How inflation and taxes hit giant profit-sharing checks for autoworkers
Detroit Free Press via Yahoo News· 1 year agoInflation takes an ugly toll on our buying power as consumers. That’s true even if you receive one...
2022 was rough. But here are 5 brand new retirement savings and tax rules that could give you a big...
MoneyWise via Yahoo Finance· 1 year agoAfter a year of record-breaking inflation and a volatile market, your portfolio may be feeling a...
5 Ways to Cut Your Taxes on Income Investments
Barrons.com· 2 months agoINCOME INVESTING Tax day is almost here, and, thanks to higher interest rates, many investors are finding they earned a lot more income from their...
The US Uses a "Progressive" Tax Code — But What Does That Mean?
Woman's World via Yahoo News· 1 year agoIncome tax — a tax on money made from jobs and other sources — is the largest revenue source for the...
What you need to know about President Biden's new budget
LA Times via Yahoo News· 1 year agoPresident Biden walks to Marine One on the South Lawn of the White House on Thursday, when he...
How Much Money Can I Gift Without Owing Taxes?
SmartAsset via AOL· 4 months agoFor 2023, the annual gift tax exemption is $17,000, up from $16,000 in 2022. This means you can give up to $17,000 to as many people as you want in 2023...
Stock buybacks have surged in the weeks since Washington began taxing them
Yahoo Finance via AOL· 1 year agoA new excise tax on stock buybacks went into effect Jan. 1 and has been followed by what seems to be...
Best jumbo CD rates — March 2023
Bankrate via Yahoo Finance· 1 year agoOscar Wong/Getty Images The more money you have saved, the more options you generally have for earning a higher interest rate. Those with $100,000 or...
