A customer at a food market in Palma, Mallorca, Spain. Andrey Rudakov/Bloomberg via Getty Images As economists ring alarm bells over the impact of President Donald Trump’s tariff policy on consumers and the U.S. economy, there’s a group of Americans who may benefit: tourists traveling abroad. That’s due to the impact of tariffs on the
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Prapass Pulsub | Moment | Getty Images If you have a tax bill or bigger than expected refund this season, it may be time to update your paycheck withholding, which can be tricky, experts say. Typically, there’s a refund when you overpay taxes throughout the year, and a tax bill when you don’t pay enough.
If you’re a small business owner considering the S corp route, IRS Form 2553 is the key to electing S corporation status for your business. But don’t worry — filling out this form doesn’t need to be a headache. We’re here to guide you through the process and help you file Form 2553 without the
When dealing with tax matters, you might need someone else to handle things for you. Whether you’re facing an audit, resolving a tax liability, or just want your CPA to speak with the Internal Revenue Service (IRS) on your behalf, IRS Form 2848 is what you need. Let’s break down this form and how to
Both taxpayers and the IRS sometimes face challenges when filing and processing federal tax returns. To help you out, here are five tips that will help you avoid delays and ensure a smoother tax filing process for both sides. Tips to help you avoid delays while filing taxes 1. Collect all tax documents before filing.
Feifei Cui-paoluzzo | Moment | Getty Images Last week, the Federal Reserve slashed interest rates for the first time in over four years, signaling a potential uplift for stocks and Wall Street. But what does it mean for the backbone of America, our small businesses? A new CNBC|SurveyMonkey study fielded just before the Fed announced
Maskot | Maskot | Getty Images Renters should reap the benefits of a lower-cost rental market while they can. It might not last, experts say. As of December, the median asking rent price in the U.S. was $1,695, down 0.5% — or $8 — from November, according to a report by Realtor.com. The latest rent price
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Mortgage rates moved slightly lower again last week, keeping refinance demand on the rise. Applications to refinance a home loan jumped 10% compared with the previous week and
The city of New Orleans is still rebuilding and repairing homes that were damaged in the fallout from 2005’s Hurricane Katrina. The storm flooded hundreds of thousands of homes in New Orleans, killed over 1,800 people and displaced millions. It remains the costliest tropical cyclone in U.S. history, with an estimated $201.3 billion in associated
People walk by a sign for Freddie Mac headquarters on July 14, 2008 in McLean, Virginia. AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP via Getty Images) Paul J. Richards | Afp | Getty Images Fannie Mae and Freddie Mac — the two giant mortgage finance firms controlled by the federal government
Options to Offset Tax Cuts: Tax Credits, Tax Expenditures Skip to content Home • Blog • Cleaning Up the Tax Code Could Raise Trillions for Tax Reform Key Points Preferences in the taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs
Tax Season: Another Reminder That Our Tax Code Is Too Complex Skip to content Home • Op-eds • Tax Season Is Another Reminder That Our Tax Code Is Too Complex The 2025 US taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the
In this article ELF Follow your favorite stocksCREATE FREE ACCOUNT Elf complexion sponges arranged in Germantown, New York, on July 17, 2023. Gabby Jones | Bloomberg | Getty Images E.l.f. Beauty on Thursday cut its full-year guidance after seeing a 36% drop in profits and “softer than expected” sales trends in January, marking a rare
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena. Charles LeClaire-USA TODAY Sports The National Collegiate Athletic Association on Thursday updated its transgender student-athlete policy to prohibit trans women from competing in women’s sports, one day after President Donald Trump signed an executive order stating the federal
All Elite Wrestling, the upstart professional wrestling league, will remain a privately held family business instead of pursuing an initial public offering, according to founder and co-owner Tony Khan. Khan told CNBC Sport he had no interest in going public because he wants to pass the league down to his kids — who haven’t been
San Francisco 49ers quarterback Brock Purdy, the last pick in the 2022 National Football League draft, has become synonymous with flaws in NFL player evaluation. The team’s president, Al Guido, hopes his organization can lean on artificial intelligence to improve talent assessment, both for football and for soccer. Purdy, who led the 49ers to the
President Donald Trump speaks during a press conference at the White House in Washington, D.C., Jan. 30, 2025. Xinhua News Agency | Xinhua News Agency | Getty Images There’s a delicate balance playing out at corporations across America. As the Trump administration targets diversity, equity and inclusion initiatives, many prominent companies have publicly scaled back
In this article FOXA Follow your favorite stocksCREATE FREE ACCOUNT NEW ORLEANS, LOUISIANA – FEBRUARY 03: A detailed view of drink koozies seen during an event ahead of Super Bowl LIX at Caesars Superdome on February 03, 2025 in New Orleans, Louisiana. (Photo by Jonathan Bachman/Getty Images) Jonathan Bachman | Getty Images Sport | Getty
In this article ELF Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes E.l.f. Beauty on March 18, 2024, to celebrate its 20th anniversary of founding. The CEO of E.l.f. Beauty, which manufactures about 80% of its cosmetics in China, told CNBC on Thursday that it was “relieved” the new tariff on
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Entertainment | Getty Images Amazon said Thursday that revenue growth from its cloud-computing business slowed slightly to
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