Pnc | Stockbyte | Getty Images Millions of taxpayers have already filed to claim President Donald Trump‘s new “no tax on overtime” deduction. But some filers could risk errors on their tax return, experts say. Enacted via Trump’s “big beautiful bill,” the overtime tax break allows certain workers to deduct up to $12,500 for single…
A plume of smoke rises after a strike in Tehran, Iran, Monday, March 2, 2026. Mohsen Ganji | AP Concerns about the Iran war and fears of slowing U.S. economic growth have contributed to volatility in financial markets, prompting some investors to worry about how to keep their money safe and where to find stable…
Peter Lourenco | Moment | Getty Images Stocks are wobbling amid a U.S. war with Iran, and investors may feel anxious. But volatility is a common feature of the stock market. Indeed, drops of 1%, 2% or more in a given day — though they may feel nauseating at the time — happen more often…
Lordhenrivoton | E+ | Getty Images Volatility is an inevitable part of investing, and financial advisors say most people shouldn’t make any major changes to their portfolio solely because President Donald Trump’s military campaign in Iran is rattling markets. However, it may be a different story for those hoping to retire in the near future….
Skynesher | E+ | Getty Images With about six weeks until the April 15 tax deadline, some filers are turning to artificial intelligence chatbots for help with returns. But tax experts urge filers to use caution. “Grok can help with your taxes,” Elon Musk said in an X post on Tuesday. Developed by Musk’s startup xAI,…
Sen. Elizabeth Warren, D-Mass., speaks during a press conference on Social Security in front of the U.S. Capitol on May 5, 2025 in Washington, D.C. Kayla Bartkowski | Getty Images News | Getty Images A bipartisan group of Washington, D.C., lawmakers plans to reintroduce a bill on Thursday that would update a federal anti-poverty program…
CNBC’s Sharon Epperson delivers the latest on hardship withdrawals from 401(k) accounts. Source link
Oscar Wong | Moment | Getty Images Amid the U.S. housing shortage, some lawmakers want to reduce capital gains taxes on home sales. But experts disagree on whether this idea could help tackle the country’s home affordability crisis. Sens. Ted Cruz, R-Texas, and Tim Scott, R-S.C., this week sent a letter to Treasury Secretary Scott…
Andriy Onufriyenko | Moment | Getty Images The escalating war in the Middle East jolted the stock market on Tuesday — a reaction that history suggests is common after a global shock, but often not lasting. While the market rebounded Wednesday morning, the Standard & Poor’s 500 index, a broad measurement of how U.S. companies’…
U.S. President Donald Trump delivers the State of the Union address on Feb. 24, 2026, in Washington, D.C. Kenny Holston-Pool/Getty Images In his State of the Union address, President Donald Trump said “your 401(k)s are way up” — and they are, but hardship withdrawals are also up, new data shows. “Since I took office, the typical 401(k) balance…