cmannphoto | Getty Images Get out your pencils and calculators: The IRS has released a breakdown of what’s ahead for the 2020 tax year. Taxpayers who’ve been paying close attention will notice that the Tax Cuts and Jobs Act overhauled the tax code. Those sweeping changes include a higher standard deduction — it’s now $12,400
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raccoon in a trash can Getty Most stocks that pay more than 10% are, honestly, trash. Their yields usually look big because their stocks have split once or twice “the wrong way.” Take Tupperware Brands (TUP), for example. The party ended abruptly for these shareholders. I feel bad for anyone who was mistakenly holding these
On November 7, 2019, the IRS released long-awaited Proposed Regulations to update to the life expectancy tables that both retirement account (i.e., IRA, 401(k), 403(b), TSP) owners and beneficiaries use to calculate Required Minimum Distributions (RMDs). The tables have not been updated since Final Regulations were released by the IRS back in April of 2002,
The Kellum-Noble House, a 1847 Houston property still sitting on its original site in what is now a … [+] city park, has seen its share of history. After a restoration project that started in 2014, it’s reopening. CALpix On the edge of downtown Houston’s modern business district, the city’s oldest building is reopening following
Star Wars: Galaxy’s Edge, inside Disneyland in Anaheim, California. Jeff Gritchen | MediaNews Group | Getty Images Higher ticket prices didn’t deter tourists from taking trips to Disney theme parks during its fourth quarter, but some are still holding off on their visits until Star Wars: Galaxy’s second ride is operational. “We believe there were
Steve Mollenkopf, chief executive officer of Qualcomm Inc., holds the new Snapdragon 835 chip during a keynote at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada. Patrick T. Fallon | Bloomberg | Getty Images Qualcomm stock jumped 6% in extended trading on Wednesday, after the chipmaker reported better-than-expected earnings and revenue. Qualcomm reported
Traders work at the New York Stock Exchange on October 2, 2019. Johannes Eisele | AFP | Getty Images This week, the Securities Industry and Financial Markets Association (SIFMA) held the fifth in a series of exercises meant to simulate a catastrophic cybersecurity event in the banking sector, known as “Quantum Dawn.” The exercise offers
American companies are sitting on piles of cash, frustrating investors and leading some on Wall Street to wonder why they aren’t spending. Microsoft currently has the largest cash pile at $136.6 billion as of last quarter, according to estimates from FactSet. Berkshire Hathaway, Alphabet and Apple occupy the other top spots, with $128.2 billion, $121.2
Kenneth Fisher, founder of Fisher Investments. Jonathan Fickies | Bloomberg | Getty Images Individual investors at Fisher Investments transferred $20 million from the firm the week after the billionaire made lewd comments at a conference, according to a research note from Mercer, an advisor to institutional investors. The development was disclosed on a conference call
College graduates will soon be hit with their first student loan bill aywan88 | E+ | Getty Images We’re heading into the season for turkey dinners, Christmas trees, presents and, for recent college graduates, their first student loan bill. Students who were handed their diplomas in May or June will find the half-a-year grace period
Getty Stop me if you’ve heard this one before: the earnings gap between men and women affects not merely their living standards in the short-term, but also their well-being in retirement. There’s nothing surprising here. But the whole discussion is very narrowly focused on income. There’s an elephant in the room: marriage. Let’s start with
Share to facebook Share to twitter Share to linkedin This time, though, the two might actually talk. Michael Cohen/Getty Images for The New York Times Topline: Bill Gates became the latest among a slew of billionaires to express skepticism over Senator Elizabeth Warren’s wealth tax on Wednesday, sparking a twitter conversation between the two, in
Share to facebook Share to twitter Share to linkedin Uber’s ex-CEO is reunited with one of his biggest backers. Justin Sullivan/2018 Getty Images Topline: Billionaire Travis Kalanick’s secretive new food startup, CloudKitchens, quietly raised $400 million from Saudi Arabia’s sovereign-wealth fund—the Saudi’s first known deal in Silicon Valley since the murder of American journalist Jamal
Source: Coca-Cola Coca-Cola on Thursday unveiled a new sparkling water line, its first new brand in more than a decade. The beverage giant will launch AHA in early 2020. The announcement comes as American consumption of soda continues to fall, forcing Coke and its rival PepsiCo to invest more in marketing of their legacy soda
The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering on April 1, 2015 in New York City. Getty Images GoDaddy on Wednesday announced its biggest-ever share buyback of $500 million and reported a 12% rise in quarterly revenue as the web hosting company
Wells Fargo Securities’ Christopher Harvey is looking for a signal that it’s time to take risk off the table, and he expects it’ll come sooner rather than later. The firm’s head of equity strategy is worried market sentiment is becoming too optimistic as stocks trade near all-time highs. “We kinda hate this market,” Harvey told
Take one look at filmmaker Spike Lee’s outfit and you know he’s all about the New York Knicks. A lifelong fan, Lee, at age 14, watched Willis Reed’s amazing performance against the Los Angeles Lakers in the seventh game of the 1970 NBA finals from the “nosebleed” (upper tier) section. During the heated Knicks-Pacers playoff
For some savers, the lure of moving assets to a Roth individual retirement account from a traditional IRA or 401(k) plan often boils down to the tax-free income it will deliver in their golden years. Yet there are some less obvious reasons for certain retirees or retirement savers to consider doing a so-called Roth conversion.
Trickle-down tax cuts do not build a strong middle class Getty Many families still struggle financially, even though the economy has been on the mend for more than a decade. It becomes increasingly clear that something must fundamentally change for a broad and secure middle class to reemerge. Real economic security for more families won’t
Getty The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the year 2020, including tax rate schedules, tax tables and cost-of-living adjustments. These are the numbers for the tax year 2020 beginning January 1, 2020. They are not the numbers and tables that you’ll use to prepare your 2019 tax returns in 2020 (you’ll find them here). These