How to access your IRS online account before tax season opens
D3sign | Moment | Getty Images Read more CNBC personal finance coverage This is one of the ‘most important steps’ before tax season opens, IRS says How tax-efficient investing could boost your portfolio returns in 2026 and beyond For 2026, these new 401(k) details ‘matter more than ever,’ advisor says We’re in a ‘hiring recession,’ […]
Student loan forgiveness is taxable again: How to prepare
Songsak Rohprasit | Moment | Getty Images Student loan borrowers whose debt is canceled in 2026 or later may face a significant tax bill. A law that shielded student loan forgiveness from taxation at the federal level — part of the American Rescue Plan Act of 2021 — expired on Dec. 31, 2025. President Donald Trump’s “big beautiful […]
Prediction markets are booming. How to tax winnings is anyone’s guess
Polymarket banner outside the New York Stock Exchange on Oct. 7th, 2025. Kevin Stankiewicz | CNBC Prediction markets are booming, with monthly trading in the billions and a recent estimate from a consulting firm saying that the relatively new phenomenon could grow to $1 trillion by the end of the decade. That’s a lot of […]
These inherited IRA mistakes could reduce your windfall, advisors say
Juanma Hache | Moment | Getty Images While many investors welcome a windfall, the rules for inherited individual retirement accounts are complicated — and mistakes can be costly. Since 2020, certain inherited accounts are subject to the “10-year rule,” and heirs must empty the balance by the 10th year after the original account owner’s death. […]
How to maximize the $40,000 limit for 2025
Milan Markovic | E+ | Getty Images President Donald Trump‘s “big beautiful bill” raised the limit on the federal deduction for state and local taxes, known as SALT, and there are ways to maximize it for 2025, experts say. If you itemize tax breaks, you can claim the SALT deduction, which includes state and local […]
How to lower capital gains on home sales as Trump eyes ending the tax
Martin Barraud | Ojo Images | Getty Images As President Donald Trump weighs ending capital gains taxes on home sales to bolster the housing market, experts say it’s possible to lower your bill without legislative changes. When asked about the idea this week in the Oval Office, Trump told reporters, “we’re thinking about that.” Under […]
How to Use Clean Energy Tax Credits Before They Disappear
This story originally appeared on Grist and is part of the Climate Desk collaboration. The “one big beautiful bill” that President Donald Trump signed into law on July 4 is set to upend many aspects of American life, including climate policy. The law, which Republicans backed en masse, not only derails the nation’s efforts to […]
How to file for an extension, and other Tax Day advice
NEW YORK (AP) — If you’ve waited till the last minute to file your taxes, don’t panic. You still have time to get it done. And if you’re worried that you still might not be able to finish in time, you can file for an extension, which will give you until Oct. 16 to file […]
Worried about making the April 15 tax deadline? Here’s how to file an extension.
If you’re still scrambling to get your taxes filed before the April 15 deadline, an extension can take the pressure off. Normally, the IRS recommends that people file their income tax return as early as possible. But that’s not always feasible, whether because of personal circumstances or a complicated tax situation. For those in a bind, […]
Here’s who qualifies and how to claim it
Coroimage | Moment | Getty Images If you worked remotely in 2024, you may be eyeing the home office deduction. However, qualifying for the tax break may be harder than you expect, experts say. Only 7% of companies allowed fully remote work in 2024, down from 21% in 2023, according to a ZipRecruiter survey that […]