On May 12, Republicans on the House Ways and Means Committee released their long-awaited tax legislation proposal. The proposed bill lays out the specifics of Republicans’ plans for extending (and adding to) the Tax Cuts and Jobs Act (TCJA), which is scheduled to expire on December 31, 2025. At a high level, the bill would … Read more
Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible … Read more
What caught my eye this week. While it’s been nice to enjoy the Mediterranean weather for the past week – ominous, but nice – we all know Bank Holidays in the UK are a cosmic long con guaranteed to eventually rain on your parade. By Monday your family and friends will be watching you through … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Capital gains taxes hit when you profit from selling assets like stocks, real estate or cryptocurrencies. But how much you owe depends on how long you held an asset and how much income you … Read more
The average marketplace enrollee saved an estimated $700 in 2024 because of the enhanced premium tax credits. But, the enhancements expire at the end of 2025. If they’re not extended, nearly everyone who buys coverage via the marketplaces will face significantly higher monthly payments. Without an extension of the enhanced tax credits, the Congressional Budget Office … Read more