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Finance

Saving federal income tax by paying a state Pass-Through Entity Tax for large gains

By Andrew J. Kelleher and and Ed Morrow
Nov 22, 2025 12:04 pm - Selling something that has shot up in value — think appreciated stocks, bitcoin bought for pennies, a rental building, or a closely held business — can leave you staring at a hefty state and federal income tax bill.
How baby boomers got so rich, and why their kids are unlikely to catch up

By Shannon Najmabadi and Federica Cocco
Nov 18, 2025 2:12 pm - Baby boomers hold more than $85 trillion in assets, making them the richest generation by far. New research explores the extraordinary rise in their good fortunes — one that experts say successive generations will be hard-pressed to replicate.
New analysis shows more US consumers are falling behind on their utility bills

By JOSH BOAK
Nov 17, 2025 1:57 pm - More people are falling behind on paying their bills to keep on the lights and heat their homes, according to a new analysis of consumer data — a warning sign for the U.S. economy and another political headache for President Donald Trump.
Cash App’s Moneybot might know your spending habits better than you do

By KEN SWEET
Nov 14, 2025 4:31 pm - Imagine if your bank could move money for you with only the slightest of digital nods for your approval. Or that could tell you that you’re overspending but more importantly know how to address that overspending and put you on better financial footing.That’s what you’ll get with Moneybot, a new financial services chatbot shown off this week by Cash App that will be slowly introduced into its banking app this winter.
Why a Visa-Mastercard legal settlement could lead to your rewards credit card getting declined

By Ken Sweet
Nov 13, 2025 2:24 pm - Visa and Mastercard have proposed a settlement in their long-running legal dispute with merchants over interchange fees. This new settlement, announced Monday, could impact how customers use their credit cards. Merchants may now choose not to accept certain high-reward cards due to higher fees.
IRS Direct File won’t be available next year. Here’s what that means for taxpayers

By FATIMA HUSSEIN
Nov 07, 2025 3:50 pm - IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed.
From groceries to gas, Americans say they’re spending more under Trump

By Abha Bhattarai and Andrew Ba Tran
Nov 07, 2025 1:00 pm - A majority of Americans say they are spending more on groceries and utilities than they were a year ago, and they blame President Donald Trump for the rising prices, a Washington Post-ABC News-Ipsos poll finds.
Illinois bill ‘decouples’ state, federal taxes, raising revenue and angering businesses

By BEN SZALINSKI
Nov 05, 2025 10:28 am - Illinois lawmakers approved a bill last week to “decouple” some state taxes on businesses from the federal government. The changes allow Illinois to collect more taxes from corporations after the federal domestic policy bill passed this summer reduced taxes for many businesses.
How viral wellness challenge can help your finances, too

By ADRIANA MORGA
Oct 25, 2025 12:56 pm - As the end of 2025 approaches, a viral TikTok trend is helping people achieve their wellness goals: “The Great Lock In" encourages participants to finish the year strong by fully focusing on their life goals. Many people focus on exercise or eating healthier. But the trend can also help you achieve your financial goals.
Entrepreneurs achieve more with the right partner

By Joe Haugh
Oct 25, 2025 12:15 pm - Strong businesses are driven by leaders who understand how to turn success into staying power. Maintaining growth, adapting to change, and preparing for the future requires more than determination. It takes experience, vision, and trusted partnerships that strengthen every decision.

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