With the upcoming election, investors are closely monitoring the proposed capital gains tax changes and how they could potentially affect their investments. Recently, Democratic presidential nominee Vice President Kamala Harris suggested a 28% tax on long-term capital gains for individuals earning more than $1 million annually. This proposal represents an increase from the current 20%
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With the rise of social media showcasing stunning dorm room designs, the need for insurance coverage to protect these valuable purchases has become a topic of discussion among parents. Dorm insurance is a type of personal property insurance specifically designed for college students living on campus. It typically covers accidental and water damage, costing up
The Biden administration’s plan for student loan forgiveness has hit a roadblock due to a recent court ruling. This setback has left millions of federal student loan borrowers uncertain about the fate of their debt relief. The U.S. Department of Education’s new sweeping loan forgiveness plan has been put on hold, pending further legal proceedings.
As the IRS continues to work on plans to avoid increased audits on taxpayers making less than $400,000, certain aspects of your tax return can still trigger scrutiny, according to experts. While the focus of the IRS enforcement efforts is on higher earners, large corporations, and complex partnerships, everyday taxpayers could still face audits if
Vice President Kamala Harris recently called for a higher capital gains tax rate, specifically proposing a 28% tax on long-term capital gains for households making more than $1 million annually. This marks a significant increase from the current rate of 20% for top earners. Harris justified this proposal by stating that it would “reward investment
In today’s digital age, the use of coupons has evolved significantly from the traditional Sunday circulars. Consumers now have access to online codes, browser extensions, and money-saving apps that offer various ways to find significant discounts at any time. However, the quality of these deals can vary depending on the day of the week. Friday:
Vice President Kamala Harris has recently put forward an economic agenda that includes higher taxes for wealthy Americans and corporations. Among the proposed tax increases is a 25% minimum tax on total income, which would also cover “unrealized gains” exceeding $100 million. This particular tax, dubbed the billionaire minimum tax, aims to ensure that the
The landscape of health insurance for younger retirees in the United States has been shifting significantly in recent years. With most Americans not being eligible for Medicare until they reach the age of 65, many people in the 55 to 64 age bracket have turned to Marketplace health insurance for coverage. The number of Americans
In recent years, a disturbing trend has emerged in the labor market, impacting young adults between the ages of 18 to 24. A staggering 16% of this demographic falls into the category of “disconnected youth,” a term coined by the Federal Reserve Bank of St. Louis. These young individuals, also known as “NEETs” (not in
The latest research from the Bank of America reveals that travel spending among American households has exceeded pre-pandemic levels, with a particular emphasis on international trips. The study indicated a 10.6% increase in travel spending per household compared to 2019, supported by credit and debit card data from January to mid-August. This surge is attributed