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There can be a ‘survivor’s penalty’ after a spouse dies — here’s how to avoid it

Rubberball Productions | Brand X Pictures | Getty ImagesIt's of course very difficult to lose your spouse — and some survivors may also have...

Finance

Treasury Department suspends enforcement of ownership information reporting for millions of businesses

The US Treasury building in Washington, DC, US, on Monday, Jan. 27, 2025. Stefani Reynolds | Bloomberg | Getty ImagesThe U.S. Department of the Treasury...

Finance

As the price of bitcoin falls, you can leverage this tax ‘loophole,’ experts say

Jaque Silva/ | Nurphoto | Getty ImagesWith the price of bitcoin down from a record high in January, there's a chance for some investors...

Finance

You can still lower your 2024 tax bill or boost your refund with these moves

Pra-chid | Istock | Getty ImagesWith tax season well underway, you may be eager for strategies to reduce your 2024 taxes or boost your...

Finance

Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say

Valentinrussanov | E+ | Getty ImagesAs the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season.But skipping your federal filing...

Finance

The average IRS tax refund is more than 32% lower this season, early filing data shows. Here’s why

The average tax refund is 10.4% lower than last year according to the latest Internal Revenue Service data, and inflation is taking more of...

Finance

This tax break for lower-income retirement savers is a ‘well-kept secret,’ expert says

Westend61 | Westend61 | Getty ImagesThere's a lesser-known tax break for low- to moderate-income Americans who save for retirement. However, most eligible taxpayers don't...

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