Westend61 | Westend61 | Getty Images As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your home’s profit could reduce your bill, experts say. Most Americans do not owe taxes for selling a primary residence because of a special tax break — known as the Section … Read more
The Good Brigade | Digitalvision | Getty Images More Americans are paying capital gains taxes on home sale profits amid soaring property values — but there are ways to reduce your bill, experts say. In 2023, nearly 8% of U.S. home sales yielded profits exceeding $500,000, compared with about 3% in 2019, according to an … Read more
Abu Dhabi’s Sheikh Tahnoon bin Zayed Al Nahyan is one of the most sought‑after people in the Middle East. Money managers and financiers flying into the United Arab Emirates from Hong Kong, London or New York yearn for even a 10-minute meet-and-greet. A lucky few might get to be guests aboard his superyacht, Maryah, where … Read more
Mimi St Johns couldn’t wait to drop out of Stanford University. The 24-year-old computer science and German double major, former Thiel Capital intern and software engineer had the pedigree to land a coveted role in the upper echelons of Corporate America. But last fall, as the so-called crypto winter started to thaw, she hatched a … Read more
Between Uncle Sam and the winner’s home state, that headline number could be cut in half by the time it reaches their hands. Landon Buzzerd Associate wealth advisor at Grant Street Asset Management Eight states don’t tax lottery winnings. They are: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. The next Powerball … Read more
Successful women of varying ages and backgrounds. getty Several studies have recently found that women have varying degrees of involvement in their finances over the course of their lives. Many women throughout have felt financial regret due to varying levels of involvement and inaction. This is a discussion of those findings, along with actions women … Read more
TikTok‘s latest financial trend, “loud budgeting,” has been gaining steam, and experts say it’s easier to accomplish than many might think. The concept encourages consumers to take control of their finances and be vocal about making money-conscious decisions, rather than modeling purchase behaviors after celebrities and their bottomless pockets. It can be as simple as … Read more
D3sign | Moment | Getty Images Tax season has kicked off and the IRS has started to process 2023 returns. If you’re expecting a refund, there are a few ways to get the money faster, experts say. Often, “self-inflicted mistakes” cause refund delays, according to Mark Steber, chief tax information officer at Jackson Hewitt. The … Read more
It might be useful to think back to your goal, then ask yourself if the choice you’re about to make helps achieve the goal. Photo / 123RF OPINION Anyone who knows me will have likely heard me say that “wealth doesn’t happen by accident”. What I mean is, wealth creation is the result of choices … Read more
Just months ago, we were coveting Loro Piana cashmere baseball hats and $300 Smythson notebooks in the name of “quiet luxury” and justifying such expensive purchases using “girl math.” But in 2024, there’s a new idea taking hold that overtly rejects the urge to overspend and promotes speaking up about saving money — welcome to … Read more