By Kelley R. Taylor From Kiplinger’s Personal Finance Question: I just got my year-end bonus, and it’s a lot less than I expected because of taxes. Is there any way to avoid taxes on bonuses? Answer: First and foremost, bonuses are taxed because they are considered taxable income. But the IRS also considers bonuses to…
Will Forgiven Student Loan Debt Be Taxable?
By Kelley R. Taylor From Kiplinger’s Personal Finance Question: I’m hopeful that my student loan debt will be forgiven if President Biden’s plan makes it through court challenges. But if it does, am I going to be hit by a tax bill? Answer: That depends on where you live. Student loan debt that’s canceled under…
Where to Stash Your Investments
By Nellie S. Huang From Kiplinger’s Personal Finance Which investments you hold matters, but so, too, does where you hold them, whether it’s in a tax-advantaged account or a taxable one. The strategy of divvying up your assets into certain types of accounts to lower your tax bill is called asset location. The general advice…
US News
- Epoch VideoSenate Majority Leader Chuck Schumer (D-N.Y.) holds a press conference at 10:45 a.m. ET on Feb. 7. The Epoch Times will livestream the event. [...]
- Matthew VadumThe Thirteenth Amendment, which abolished slavery, may protect abortion as a federal right, a federal judge said on Feb. 6 in an ongoing prosecution of pro-life activists charged with conspiracy… [...]
- Jack PhillipsA study published this week found that regular vitamin D supplementation may lower the risk of Type 2 diabetes among millions of adults who have prediabetes. A team of researchers… [...]
- The Associated PressSEATTLE—Boeing plans to make staffing cuts in the aerospace company’s finance and human resources departments in 2023, with a loss of around 2,000 jobs, the company said. “We expect about… [...]
- Beth BreljeNaval Lieutenant Levi Beaird, a Texan from Fort Worth, was surprised to learn that Sen. Ted Cruz (R-Texas) invited him to attend the State of the Union address. Beaird hopes his… [...]
- Epoch VideoThe House Oversight and Accountability Committee holds a hearing at 10:00 a.m. ET on Feb. 7, “On The Front Lines of the Border Crisis,” with testimony from Customs and Border… [...]
- Frank Fang, Eva FuPentagon’s own admission on Feb. 6 of an “awareness gap” regarding previous Chinese balloon incursions in U.S. airspace has drawn concerns from Republican lawmakers. “If the CCP [Chinese Communist Party]… [...]
LIVE NOW: House Armed Services Committee Holds Hearing on Pressing Threat of Chinese Communist Party- Epoch VideoU.S. House of Representatives Armed Services Committee holds a hearing at 10 a.m. ET on Feb. 7 on “The Pressing Threat of the Chinese Communist Party to U.S. National Defense.”… [...]
- Tom OzimekAmid growing bipartisan uproar over Beijing’s violation of U.S. sovereignty, a Chinese spokesperson issued a veiled threat vowing that Beijing would “resolutely safeguard its legitimate rights and interests” over the Pentagon’s… [...]
- Epoch VideoU.S. House Republican leaders hold a press conference at 10:15 a.m. ET on Feb. 7, before President Joe Biden’s State of the Union address. The Epoch Times will livestream the… [...]