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Government taxation and revenue

Powerball climbs to $535 million. Here are option to claim the prize

by Adrian Jhonsan
Powerball climbs to 5 million. Here are option to claim the prize

The Powerball jackpot hit $1.2 billion on Oct. 3, 2023, the third-biggest prize in the game’s history. Scott Olson | Getty Whether you pick the lump sum or annuity payout, Loyd …

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IRS rejects 20,000 tax refund claims for employee retention credit

by Adrian Jhonsan
IRS rejects 20,000 tax refund claims for employee retention credit

IRS Commissioner Daniel Werfel speaks during an IRS event on August 2, 2023 in McLean, Virginia. Alex Wong | Getty Images The IRS is sending more than 20,000 rejection letters …

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Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs

by Adrian Jhonsan
Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs

Cityscape of Saudi capital Riyadh. Harri Jarvelainen Photography | Moment | Getty Images DUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing …

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Supreme Court case on ‘income’ could have major implications for taxpayers

by Adrian Jhonsan
Supreme Court case on ‘income’ could have major implications for taxpayers

People exit the Supreme Court building in Washington, D.C. on Tuesday, June 27, 2023. Minh Connors | The Washington Post | Getty Images The Supreme Court is set to hear …

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Money market funds may deliver a surprise tax bill amid higher yields

by Adrian Jhonsan
Money market funds may deliver a surprise tax bill amid higher yields

If you funneled cash into money market mutual funds in 2023 amid rising interest rates, you may have a surprise tax bill in April, experts say. Investors and institutions have …

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Trump gag order in fraud case reinstated by New York appeals court

by Adrian Jhonsan
Trump gag order in fraud case reinstated by New York appeals court

Former U.S. President Donald Trump looks on, as the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General …

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Trump financial watchdog tells judge money transfers

by James Odonell
Trump financial watchdog tells judge money transfers

Former US President Donald Trump arrives back from a break at New York Supreme Court during his civil fraud trial on November 6, 2023 in New York City. Adam Gray …

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Categories Politics

How Secure 2.0 may prompt more workers to use of a Roth 401(k)

by Adrian Jhonsan
How Secure 2.0 may prompt more workers to use of a Roth 401(k)

Team of millennial colleagues sharing ideas for new business start up, togetherness, innovation, diversity 10’000 Hours | Digitalvision | Getty Images More workers are getting access to a Roth savings …

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Why the UK government’s tax cuts still leave workers worse off

by Adrian Jhonsan
Why the UK government’s tax cuts still leave workers worse off

British Finance Minister Jeremy Hunt that the U.K. economy would not enter a technical recession in 2023, while announcing the government’s spring Budget. Dan Kitwood | Getty Images News | …

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Categories World

How to save on future taxes for mutual fund capital gains distributions

by Adrian Jhonsan
How to save on future taxes for mutual fund capital gains distributions

Kate_sept2004 | E+ | Getty Images More from ETF Strategist Here’s a look at other stories offering insight on ETFs for investors. Many mutual fund families have released distribution estimates …

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Categories World
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