shapecharge | E+ | Getty Images Legislation that would improve the retirement savings system for US workers may get a vote in the House of Representatives this week. The House could vote on the Securing a Strong Retirement Act, or Secure Act 2.0, as early as Tuesday. “By expanding automatic enrollment in employer provided retirement […]
US Senator Elizabeth Warren (D-MA) questions Treasury Undersecretary For Domestic Finance Nellie Liang as she testifies before the Senate Banking Committee, in Washington, DC, February 15, 2022. Win McNamee | Pool | Reuters Sen. Elizabeth Warren on Tuesday praised the Biden administration’s renewed effort to introduce a new tax on the country’s wealthiest households, calling […]
Marko Geber | Digital Vision | Getty Images The IRS has issued a warning about how to answer the cryptocurrency question on the front page of your tax return. You’ll need to respond to a yes-or-no question about virtual currency, regardless of whether you “engaged in a transaction” in 2021, according to the agency. And […]
Oliver Strewe | The Image Bank | Getty Images Investors who sell gold, silver and other precious-metal exchange-traded funds may find their profits taxed at a higher rate than other holdings like stocks and bonds. The IRS treats ETFs backed by physical precious metals as collectibles for tax purposes, according to accountants. Collectibles — like […]
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