How Trump’s ‘big beautiful bill’ could affect your Giving Tuesday tax break

How Trump’s ‘big beautiful bill’ could affect your Giving Tuesday tax break

Yellow Dog Productions | The Image Bank | Getty Images If you plan to donate money on Giving Tuesday, you could score a tax break. But recent changes enacted via President Donald Trump’s “big beautiful bill” could affect your savings, financial experts say.    Some 36.1 million U.S. adults participated in Giving Tuesday for 2024, with … Read more

U.S. sues Sen. Jim Justice, wife for $5.1 million in unpaid taxes dating to 2009 as legal woes mount

U.S. sues Sen. Jim Justice, wife for .1 million in unpaid taxes dating to 2009 as legal woes mount

West Virginia Gov. Jim Justice holds up his dog Babydog as he comes to the end of his State of the State speech in the House chambers, at the West Virginia State Capitol in Charleston, W.Va., Thursday, Jan. 27, 2022. Chris Dorst | Charleston Gazette | AP The U.S. government on Monday sued Sen. Jim … Read more

IRS crackdown on popular crypto ‘tax cheat’ begins with 2025 filing year

IRS crackdown on popular crypto ‘tax cheat’ begins with 2025 filing year

With year-end approaching, it’s a good time to make sure your tax house is in order. It’s especially important for crypto investors, given a new IRS brokerage reporting requirement covering transactions after Jan. 1, 2025. The IRS generally treats crypto like property, similar to stocks or real estate, so selling crypto can trigger a capital … Read more