Dmitrii Marchenko/GettyImages Key takeaways With a Roth IRA, you contribute money without getting an up-front tax break (unlike a traditional IRA, which offers a tax…
The Trump administration said it plans to eliminate kickbacks involving pharmacy benefit managers (PBMs) as part of its goal to lower health insurance for Americans. The framework, dubbed the “Great Healthcare Plan,” is aimed at…
Tax season is fast approaching and several tax policy changes impacting older Americans will be in effect when seniors go to file their returns. The enactment of Republicans’ One Big Beautiful Bill Act (OBBBA) last year revised a number of tax policies, including some provisions that the IRS is implementing for…
Andria Patino/Getty Images New York is one of the most expensive states to buy a home in the U.S., driven by high prices in New York City, Westchester and Long Island. As of Dec. 2025, the median home sales price has increased 3.6% from the year prior, according to Redfin,…
How Roth IRA gains are taxed depends on when and why you withdraw the money. You can typically withdraw growth inside a Roth IRA completely tax-free if you meet certain IRS rules. However, early withdrawals or non-qualified distributions may trigger income tax and even penalties. It can be extremely beneficial…
The IRS generally treats unemployment compensation as taxable income. If you don’t plan for this, or don’t withhold money from your weekly payments, you may owe money when you file your tax return. State tax rules vary, too, which can further impact your final tax bill. Knowing how to report…
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A group of global central bank leaders issued a joint statement on Tuesday to express their support for Federal Reserve Chair Jerome Powell as he faces a criminal investigation from the Trump administration’s Department of Justice.…
