IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024.Kevin Dietsch | Getty ImagesThe U.S. Department of the Treasury and the IRS on Monday unveiled a plan to "close a major tax loophole" used by large,...
By Dr. Jim Dahle, WCI Founder
Contribution limits for 401(k)s, 403(b)s, 457(b)s, IRAs, Roth IRAs, HSAs, FSAs, SIMPLE IRAs, and SEP-IRAs are all indexed to inflation. While the retirement contribution limits do not go up every year and while every account does not use...
At a campaign event on Tuesday night, Donald Trump vowed to lower the price of groceries by … taxing them? Responding to a question about food costs, Trump told the Michigan audience that his plan would entail both energy deregulation and protectionist restrictions...
A banner plays up China's trade-in policy at a home goods expo in Qingdao, Shandong province, China, on June 1, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — China's plan to boost consumption by encouraging trade-ins has yet to show significant results, several businesses...
