As the election draws closer, investors are faced with an onslaught of tax policy proposals that may evoke feelings of stress and anxiety. These emotions can often lead to impulsive financial decisions, according to experts in the field. Vice President Kamala Harris, the Democratic presidential nominee, has put forth plans for middle-class tax cuts while
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With the upcoming election, the focus is on the impact that proposed capital gains taxes could have on investors. Vice President Kamala Harris recently proposed a 28% tax on long-term capital gains for individuals earning over $1 million annually, raising the current top rate of 20%. Senator Bernie Sanders, on the other hand, has shown
With the rise of “DormTok” and the trend of college students creating elaborate dorm rooms, the concept of dorm insurance has gained popularity. Dorm insurance is essentially a personal property insurance designed for college students living on campus. It typically covers accidental and water damage, with monthly costs ranging up to $20. While dorm insurance
The Biden administration’s promise of debt forgiveness for federal student loan borrowers hit a roadblock when a Republican-led challenge managed to temporarily block the relief. U.S. District Judge Randal Hall in Augusta, Georgia, issued a temporary restraining order against President Joe Biden’s attempt to cancel student debt for millions of Americans. The lawsuit, brought by
The IRS has been making efforts to avoid increased audits on taxpayers making less than $400,000, however, experts warn that certain aspects of your tax return can still attract scrutiny regardless of your income level. The Treasury Inspector General for Tax Administration (TIGTA) recently reported that the IRS has made limited progress in developing the
Vice President Kamala Harris has put forth a proposal to raise capital gains tax rates to 28% for households with an annual income of over $1 million. This marks an increase from the current rate of 20% for top earners. The intention behind this tax policy shift, as stated by Harris, is to incentivize investment
When it comes to finding the best online shopping deals, timing is crucial. According to a recent study by SimplyCodes, Friday is the optimal day for consumers to save money while shopping online. The study analyzed coupon release patterns in marketing emails from 30,000 merchants and found that roughly 52% of coupon codes are released
Vice President Kamala Harris has recently proposed higher taxes on wealthy Americans and corporations, aligning her economic agenda with that of President Joe Biden. This includes a 25% minimum tax on total income, which would also target unrealized gains exceeding $100 million. However, experts are skeptical about the feasibility of this plan gaining traction. Wealth
Marketplace health insurance has become a crucial option for many younger retirees in the United States who are not yet eligible for Medicare. With lower monthly premiums available through the end of 2025, thanks to boosted tax breaks, more and more retirees between the ages of 55 to 64 are turning to this form of
The current labor market in the United States is experiencing a significant downturn, especially impacting young adults between the ages of 18 to 24. A recent report by the Federal Reserve Bank of St. Louis revealed that about 16% of young adults in this age group are not employed and not enrolled in high school