Wealth

Mapodile | E+ | Getty Images Married couples have an important choice every year: filing taxes jointly or separately. While the tax code generally favors joint returns, some spouses may benefit from filing apart, experts say. “Married filing jointly” combines income, credits and deductions on a single return, whereas “married filing separately” creates two returns

Vivian Tu. Photo: Heidi Gutman Building wealth and saving for retirement can be more difficult for women facing challenges such as lower wages despite their increasing levels of education. An early-career mentor sparked a mindset shift for Vivian Tu, the founder of Your Rich BFF, who became a self-made millionaire by age 27. “I learned

A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings. The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire

Republican presidential candidate, former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center on February 20, 2024 in Greenville, South Carolina.  Justin Sullivan | Getty Images Donald Trump is racing to stave off a pair of civil penalties totaling nearly $540 million — without having to first put

Many passport rankings focus on one factor: visa-free travel. But passport strength is more complex than this, according to the tax and immigration consulting firm Nomad Capitalist. That’s why it produces a weighted annual index that analyzes five criteria: Visa-free travel — 50% Taxation — 20% Global perception —10% Ability to hold dual citizenship —

Gorodenkoff | Istock | Getty Images Many women today are looking for “financial peace,” said Jean Chatzky, founder and CEO of HerMoney. What that means: “It looks like being able to meet my obligations today, while being able to save for tomorrow,” said Chatzky, speaking at CNBC’s Women & Wealth event on Tuesday. “And having

Singapore Prime Minister Lee Hsien Loong said Tuesday that a closed-door deal for Taylor Swift to perform in the city-state ensured she would not perform in other Southeast Asian countries during her Eras tour. “(Our) agencies negotiated an arrangement with her to come to Singapore and perform and to make Singapore her only stop in

Seksan Mongkhonkhamsao | Moment | Getty Images Roughly 10 years ago, I began shifting careers from concert promoter to personal finance journalist. Back then, I thought about taxes exactly once per year — when it was time to file my annual return. Now, as a tax reporter for CNBC, I focus on tax strategy all

The owners of this Florida mansion are asking for $24 million for their almost 11,500 square-foot residence inside one of the most expensive gated communities in Delray Beach, Florida. The price tag puts the home, known as Villa Ananda, at a price per square foot of almost $2,100, which is well beyond record-breaking territory for

Age is just a number, if you ask Mark Cuban. The 65-year-old billionaire says he now regrets stressing about his age every time he hit a big numerical milestone. “People always ask me what I would do differently in my life. Just one thing: I wish I hadn’t thought I was getting old at every

Valentinrussanov | E+ | Getty Images The IRS has unveiled final testing for Direct File, the agency’s free tax filing program, with plans to fully open in 12 pilot states on March 12. Starting March 4, Direct File will expand final testing for eligible new users to begin federal returns, with availability 24 hours per

The sun sets on the skyline of midtown Manhattan, the Empire State Building and Hudson Yards in New York City on February 17, 2024. Gary Hershorn | Corbis News | Getty Images The entry barriers to the 1% rich club have been getting tougher across the world. Here’s how much you need to join the

Christie’s auction house in New York. CNBC A version of this first article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Auction house Christie’s just sold a painting for more than $100 million, although the artwork, the

Soaring rents, rising inflation and student debt are among some of the reasons millennials have struggled to purchase their own homes or build up their savings.  Catherine Falls Commercial | Moment | Getty Images A gigantic wealth transfer over roughly the next decade will likely make millennials “the richest generation in history,” according to a

Disney+ Hotstar logo is seen on a smartphone and flag of India on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Walt Disney and Indian conglomerate Reliance‘s media merger will give back highly valuable cricket streaming rights to the U.S. firm in a country absolutely

Billionaire Mark Cuban built his career using advice his dad gave him at age 14: Time is your most valuable asset. For much of his Cuban’s childhood, his dad Norton worked 60 hours per week for a company that upholstered cars outside of Pittsburgh, Cuban tells CNBC Make It. Sometimes, his dad brought him along

The Port of Fontvieille Harbor in the Principality of Monaco. Education Images | Universal Images Group | Getty Images The ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study. One-quarter of American ultra-high-net individuals, or those worth $30 million or more,

In this article HRB Follow your favorite stocksCREATE FREE ACCOUNT An H&R Block tax preparation office is seen on Flatbush Avenue in the Prospect Heights neighborhood of Brooklyn in New York City on Feb. 6, 2024. Michael M. Santiago | Getty Images News | Getty Images After cracking down on TurboTax maker Intuit, the Federal

Mark Cuban and Justin Huang have a mutual love for education — and a mutual hate for killing bugs. The two hit it off on Friday’s episode of ABC’s “Shark Tank,” where Huang pitched his product, Cup-a-Bug, to the show’s investor judges. Huang’s handheld device lets you trap bugs without killing them, similar to using

Witthaya Prasongsin | Moment | Getty Images Despite a slump in U.S. home sales, many homeowners made a profit selling property in 2023. Those gains could trigger a tax bill this season, depending on the size of the windfall, experts say. In 2023, home sellers made a $121,000 profit on the typical median-priced single-family home,