American Century, Vanguard among those passing on more than 20% of a fund through capital-gains distributions Amid the holiday cards coming in the mail and inboxes this season is a potentially not-so-nice greeting for some mutual-fund investors: capital-gains distributions. It’s...
Charitable giving during the holiday season this year takes on a new, happier meaning when it comes to tax deductions. Typically, most people aren't able to get a tax break when they donate money to a charity if they're claiming...
Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. There are not a lot of options for borrowers who lost too much income or their businesses during the pandemic, although they...
After being plagued by supply chain delays for the better part of a year and a half, officials at California ports have reversed course on fines for cargo containers left at docks for extended periods, citing an easing of the...
Congressional scorekeepers update data on Democrats’ bill Tax results for rich depend on income level, how they earn it For millionaires trying to decipher if they will pay more or less in taxes under President Joe Biden’s Build Back Better...
When inflation rates in the U.S. hit a 31-year high, as the government reported on Wednesday, another concern quickly emerged among observers: the wage-price spiral. The forces at work are clear to anyone who's shopped recently. Rising commodity costs, supply...
As Democrats in the U.S. House of Representatives look to advance their $1.75 trillion social spending package this week, wealthy individuals are already planning ways to avoid paying for it. The package would be the biggest expansion of the U.S....
Buying a home is a huge undertaking, and for some people, the idea of having to cover a mortgage payment every month is quite stressful. In a recent survey by Ally Financial, 44% of home buyers said they feel anxious...
Covid-19 has been a financial boon or bust for workers, depending on their personal situations. Now, those effects are changing when many Americans say they expect to retire. As anticipated retirement ages shift, younger generations expect to reach that finish...
Fantasia Holdings Group Co., a developer of luxury apartments in China, said it didn’t make a $206 million U.S. dollar bond payment that was due Oct. 4, adding to the malaise surrounding the country’s highly indebted property companies. The company,...
Fannie Mae says it expects U.S. home sales to end 2021 a bit higher than they were the year before and the multiple economic effects of the coronavirus pandemic to dampen the market well into next year. "A lack of...
Evergrande I am very far from an expert on the situation at giant indebted property company China Evergrande Group, but I will say that two things that appear to be true are: It owes 1.6 million apartments to people who...
Tucked into the House Democrats’ tax plan to raise $2.2 trillion in tax revenue is a new tax on the country’s wealthiest Americans — but other, earlier proposals that target the rich have been scaled down or eliminated altogether. The...
A line of 60 uniformed security guards stretched across the entrance to ailing Chinese property giant Evergrande’s gleaming Shenzhen tower on Monday as dozens of angry investors demanded answers – and their money – from the company. The protesters, who...
As attention on Capitol Hill turns to permanent changes to the social safety net in the $3.5 trillion reconciliation bill, temporary provisions meant to help Americans weather the coronavirus pandemic are reaching their end. Unemployment benefits for millions of Americans...
