Tax-free rollovers from 529 plans to Roth IRAs allowed as of 2024
[ad_1] Maskot | Maskot | Getty Images Americans who save for college in 529 plans will soon have a way to rescue unused funds while keeping their tax benefits intact.…
These are the 18 Republican senators who voted for the $1.7 trillion spending bill — and the measure to prevent another Jan. 6 insurrection
[ad_1] A $1.7 trillion spending bill is on its way toward a vote in the House of Representatives after clearing the Senate on Thursday, and with it, a measure that…
Measures to delay $600 tax-reporting threshold for PayPal, Venmo payments fail to make it into omnibus bill
[ad_1] Millions of gig workers and sellers that use payment networks like PayPal and Venmo remain on track to receive a 1099-K tax form in 2023 for the first time,…
Biden defends giving Patriot antimissile system to Ukraine, as Zelensky visits
[ad_1] President Joe Biden stood up for the U.S. decision to give a Patriot antimissile system to Ukraine but was cautious about promising other military systems, as he spoke Wednesday…
Larry Hogan: Trump at a ‘low point in his career’ amid Jan. 6 report
[ad_1] “‘I think President Trump is at a low point in his career.’” That was Republican Maryland Gov. Larry Hogan on Monday discussing former U.S. President Donald Trump before the…
Secure 2.0 retirement measures included in omnibus spending package
[ad_1] A set of new retirement measures commonly known as the Secure Act 2.0 was included in the omnibus appropriations measure before Congress, setting the stage for people to save…
Here are the Jan. 6 committee’s four Trump criminal referrals to the Justice Department
[ad_1] The House panel investigating the Jan. 6, 2021, attack on the U.S. Capitol voted unanimously on Monday to refer criminal charges against Donald Trump to the Justice Department, capping…
Arkansas governor says he supports the science behind COVID-19 vaccines, as daily U.S. cases hold above 65,000
[ad_1] Outgoing Arkansas Gov. Asa Hutchinson, who is considering a presidential run, took a shot at Florida Gov. Ron DeSantis’s call to investigate the COVID-19 vaccines, arguing that “we shouldn’t…
WNBA star Griner makes it official: She plans to be back on the court this season
[ad_1] WNBA star Brittney Griner said she plans to restart her basketball career this season in her first public comments since she was released from a Russian penal colony. Griner said in an Instagram…
FTX’s Sam Bankman-Fried expected to consent to his extradition to U.S.
[ad_1] FTX co-founder Sam Bankman-Fried is planning to consent to extradition to the U.S. to face criminal charges related to the cryptocurrency exchange’s collapse, people familiar with the matter said. Bankman-Fried has…
Attention businesses and gig workers: deadline on pandemic tax break is soon
[ad_1] Employers and self-employed individuals have two weeks to pay up on Social Security tax payments if they deferred them earlier in the pandemic, according to an Internal Revenue Service…
Donald Trump’s NFT collection sells out within first day of launch
[ad_1] Donald Trump launched a collection of 45,000 nonfungible token trading cards Thursday, at a price of $99 each. In less than 24 hours, the collection sold out, according to…
Jack Dorsey criticizes Musk’s ‘Twitter Files’ rollout, attacks on execs: ‘If you want to blame, direct it at me’
[ad_1] Twitter co-founder Jack Dorsey admitted Tuesday to making mistakes while leading the social-media company, but he criticized the recent “Twitter Files” rollout that new owner Elon Musk says sheds…
Stronger demand outlook lifts oil, as traders digest a hefty U.S. supply climb and Fed policy decision
[ad_1] Oil futures settled higher on Wednesday, buoyed after the International Energy Agency raised its forecast for demand growth in the year ahead, as traders digested news of a significant…
SEC set to vote on big overhaul of U.S. stock trading rules
[ad_1] The Securities and Exchange Commission on Wednesday was set to vote on a package of rule changes, including measures that could affect, but not block, the controversial practice known…
Congressional negotiators agree to framework for government-funding deal
[ad_1] Congressional negotiators said they agreed on a framework for a fiscal 2023 government funding package, with lawmakers saying the breakthrough in talks puts them on course to vote next…
Danske Bank to pay $2 billion to settle money-laundering charges at Estonia branch with DOJ and SEC
[ad_1] Danske Bank A/S on Tuesday pleaded guilty to charges of money laundering at its Estonian branch and agreed to forfeit $2 billion to settle a U.S. investigation of the…
China files complaint against U.S. semiconductor rules at WTO
[ad_1] China’s Ministry of Commerce said Monday it had filed a complaint against the U.S. at the World Trade Organization in response to new controls from Washington on semiconductor trade…
FTX’s Sam Bankman-Fried is arrested in Bahamas, charges pending in U.S.
[ad_1] Sam Bankman-Fried, founder of the cryptocurrency exchange FTX, which faced a colossal collapse this year, was arrested in the Bahamas on Monday, and is facing criminal charges in the…
Need to Know: Retail capitulation may be a new year’s gift for the stock market, says this analyst
[ad_1] Retail investors are skittish about this market, and understandably. Our call of the day says that may only help lure back influential investors in the new year. [ad_2] Image…
Ukraine hits hotel housing Russian military members
[ad_1] KHERSON, Ukraine—Kyiv’s military demolished a hotel complex hosting dozens of Russian military personnel overnight with U.S.-supplied long-range artillery, while more Russian drone strikes continued to destroy Ukraine’s electricity grid.…
Congress spends last days before new session on spending bill to avoid government shutdown
[ad_1] WASHINGTON—Congressional leaders are set to return to the Capitol on Monday under pressure to negotiate a spending bill that would fund the federal government’s operations beyond Friday. Negotiators have…
Justice Department urges judge to hold Trump’s legal team in contempt over Mar-a-Lago case
[ad_1] WASHINGTON — Federal prosecutors urged a judge in a closed-door hearing Friday to hold Donald Trump’s legal team in contempt of court for failing to fully turn over all…
Congress rips Washington Commanders and NFL over ‘toxic work culture’
[ad_1] The United States House Committee on Oversight and Reform released a report on Thursday, saying that the Washington Commanders NFL franchise created a “toxic work culture” for more than…
Feds said to investigate FTX’s SBF over possible crypto price manipulation, while senators want his testimony
[ad_1] FTX founder Sam Bankman-Fried is being investigated by federal prosecutors over whether he manipulated prices of two cryptocurrencies to benefit his companies, according to a new report, and has…