As wealthy Americans took advantage of cheap mortgages, increased savings and the ability to work from home during the pandemic, their demand for bigger homes and million-dollar listings outpaced sales of homes across all other price ranges. The number of...
American families are set to receive a more generous child tax credit for 2021. Starting in July, the IRS will begin sending out monthly payments of $250 or $300 through December to low- and moderate-income families who qualify, depending on...
Meme-based cryptocurrency Dogecoin fell on Tuesday after hitting an all-time high in a wild session that saw supporters of the token once considered a parody use hashtags to fuel a rally until it lost steam. Dogecoin ultimately fell 15.4% to...
Losing a job doesn't just mean saying goodbye to a paycheck. It often means losing health insurance. Though not all employers provide subsidized health insurance to their staff, many do, so getting laid off can deal that extra financial blow...
Implosion prompts look at how firms reveal derivative holdings Agency also reviewing short bets following GameStop rally U.S. regulators are considering tougher disclosure requirements for investment firms in response to this year’s implosion of Archegos Capital Management and trading gyrations...
Fed enters blackout period at end of week ahead of April FOMC ​U.S. entering period of faster growth; case spike a risk The Federal Reserve will likely scale back its bond purchases before considering raising interest rates, Chairman Jerome Powell...
The fast rise and even faster fall of a trader who bet big with borrowed money. Before he lost it all—all $20 billion—Bill Hwang was the greatest trader you’d never heard of. Starting in 2013, he parlayed more than $200...
The International Monetary Fund has long favored adoption of a global minimum tax on corporate profits, the Fund's chief economist, Gita Gopinath, told reporters on Tuesday, calling tax avoidance a troubling issue for the global economy. Gopinath said current disparities...
Over eight million people opened new brokerage accounts in the first three quarters of 2020. While the thrill of enormous stock gains may have provided a much needed distraction for some during the pandemic, unintended tax consequences are now manifesting...
The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier this year, serves as a reminder of the dangers posed by extreme leverage,...
Secretary says she wants to find ‘fair’ solution for the limit Some Democrats are seeking repeal of $10,000 limitation U.S. Treasury Secretary Janet Yellen pledged to work with Congress to ease the $10,000 cap on state and local tax deductions...
If you didn't max out your 2020 Roth IRA contribution, it's not too late. The deadline for making your contribution isn't until Tax Day, typically April 15. But the IRS announced that it's extending the tax deadline to May 17....
While some Americans received their $1,400 stimulus checks from the government this weekend, the relaunch of the Get My Payment tool by the Internal Revenue Service has once again increased frustration. Many users, hoping to learn about the status of...
If you received unemployment benefits in 2020 and you’ve already filed your tax returns, the Internal Revenue Service is saying you don’t have to file an amended return to claim the new tax waiver on up to $10,200 of your...
The latest version of the $1.9 trillion federal coronavirus relief package could save millions of people who lost work due to the pandemic from a surprise tax bill. On Saturday, the Senate passed a version of the Covid bill that...
