An ‘often overlooked’ retirement savings option can lower your tax bill, advisor says. Here’s how it works
There's still time to lower your 2023 tax bill or boost your refund with a spousal IRA for married couples. Here's who qualifies.
Mumbai overtakes Beijing to become Asia’s billionaire capital for the first time
Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute's global rich list.
Winning ticket for Mega Millions $1.128 billion jackpot sold in New Jersey — here’s how much the winner will owe in taxes
A single ticket in New Jersey won the $1.128 billion Mega Millions jackpot. Here is how much the winner will owe in taxes.
The wealth of the 1% just hit a record $44 trillion
Economists say the rising stock market is giving an added boost to consumer spending through what is known as the "wealth effect."
The rich are getting second passports, citing risk of instability
The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm.
Supreme Court hears tax case on ‘income’: It may ‘have the biggest fiscal policy effects of any court decision,’ expert says
The Supreme Court on Tuesday is hearing oral arguments for Moore v. United States, a case that could affect broad swaths of the U.S. tax...
IRS rejects more than 20,000 refund claims for pandemic-related tax credit
The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed the employee retention tax credit. Here's what filers need to know.
Biden touts minority small business wins as Latino approval sags
A recent CNBC survey found that Republican front-runner Donald Trump has a 5-point lead against Biden among Latinos.
IRS unveils ‘voluntary disclosure program’ for businesses duped by pandemic-era tax credit
The IRS has unveiled a "voluntary disclosure program" for businesses that claimed a pandemic-era tax credit in error and want to pay the money back.