Congress passed the Secure 2.0 Act in 2022 to expand saving opportunities for individuals who have access to savings vehicles like 401(k)s and workplace savings plans. Several of the bill’s provisions go into effect in 2025 and, if you’re like many workers, your 401(k) or workplace savings plan is likely the foundation of your retirement
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Independent content creators who have seen a spike in their earnings are flocking to financial advisers, wealth managers and chartered accountants (CAs) to avoid tax troubles and plan investments in everything from financial instruments and real estate to startups. “The broad theme that we have learned while working on content creators’ portfolios is that the
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in your inbox here. It’s back-to-school season! Getty Earlier this week, I dropped my son off at college. I’m not going to lie—there were a lot of tears. I know he’ll be fine—he’s got a good
Capital stacking has become Terre Haute Mayor Brandon Sakbun’s go-to method of raising funds for city projects. The practice involves doggedly searching for financing from every possible source — local to federal tax dollars, numerous state and federal grants, philanthropic and nonprofit organizations, American Rescue Plan Act (ARPA) funding and, pivotally, private investment. This is
For the second month in a row, the average 30-year fixed rate mortgage has decreased, according to State Treasurer Todd Russ. Russ’ monthly report says the rate dropped from June to July by 1.01%, down to 6.85%. “Despite rates elevated and fluctuating within a relatively narrow range, many housing market experts expect rates to recede
Dalton Board of Education Chair Matt Evans said this week board members will not vote on a property tax rate for fiscal year 2025 until they receive a certified tax digest from the Whitfield County assessors office. The fiscal year began July 1. “We originally had scheduled to vote on a tentative millage (Monday) but (Superintendent
A landmark Indiana Tax Court ruling is poised to upend residential property tax collections across the state — even before the property tax cut proposals of the candidates for governor have a chance to be considered by next year’s General Assembly. In a case originating in Lake County, Indiana Tax Court Judge Justin McAdam last
By Beto Yarce Updated: 49 minutes ago Published: 49 minutes ago (iStock/Getty Images) President Biden’s strategy to build the American economy from the middle out and bottom up has already garnered extraordinary results. This includes an unprecedented number of applications to start businesses than our nation has ever experienced: more small business applications have been
The IRS has released final regulations on reporting requirements focused on sales, exchanges, transfers, and payment processing involving digital assets. Getty Earlier this summer, the U.S. Department of the Treasury and the IRS released final regulations on reporting requirements for sales, exchanges, transfers, and payment processing involving digital assets. Supplemental transitional relief and guidance were