The clarion call from House Republicans to extend and expand the Section 199A QBI deduction evokes images of a thriving entrepreneurial ecosystem. Yet, beneath this alluring narrative lies a stark reality—this initiative is naught but a deceptive smokescreen designed to benefit the well-to-do. If small business owners, freelancers, and gig economy workers were genuinely the
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In a recent move that has sent shockwaves through the financial community, the Trump administration has decided to ease regulations surrounding 401(k) plans regarding investments in cryptocurrencies and related digital assets. By withdrawing precautionary guidelines established by the Biden administration, the Labor Department appears to be signaling a one-size-fits-all approach to investment strategies that seemingly
In a recent turn of events, federal judge Myong J. Joun has intervened in President Trump’s contentious plan to shuffle over $1.6 trillion in student loans from the U.S. Department of Education to the Small Business Administration (SBA). This political maneuver, which some may call reckless, was aimed at reshaping the management of federal student
The financial landscape for families saving for college has been anything but stable lately. The recent volatility in the markets, driven significantly by President Donald Trump’s fluctuating tariff policies, presents a critical challenge for parents who have nurtured their 529 college savings plans with the hope of securing a brighter future for their children. While
Owning mutual funds can often feel like holding a ticking time bomb, where unpredictable year-end payouts can lead to unwelcome surprise tax bills. This is particularly disquieting because investors may find themselves on the hook for taxes even without having sold a single unit of the underlying investment. Such a scenario can easily cause anxiety
When House Republicans rallied behind President Donald Trump’s latest tax initiative, branded as “big, beautiful,” they ostensibly aimed to enhance family welfare through an expanded child tax credit. However, upon closer inspection, one must question whether the proposal truly serves the broader community or instead reinforces existing disparities. The plan raises the child tax credit
In an unexpected turn of events, the Senate recently passed the No Tax on Tips Act, injecting new life into a contentious issue that has stirred discussions on federal tax reform. While this development may seem benign at first glance, it raises serious ethical and economic questions that deserve to be scrutinized. This act proposes
The decision by the Biden administration to restart collection efforts on defaulted federal student loans is a tragically ironic turn of events for millions of Americans. After a two-and-a-half-year pause initiated during the COVID-19 pandemic, borrowers who struggled prior to the health crisis are once again faced with the debilitating burden of unpaid loans. It
In the aftermath of a chaotic bout of panic buying, a noticeable shift in consumer behavior is emerging across the United States. Recent studies reveal that a vast majority of Americans are not only prepared to scale back their spending but are increasingly adopting a minimalist lifestyle. The rhetoric has even reached the White House,
Jason Collier, a dedicated special education teacher from Virginia, represents a growing cadre of educators who find themselves ensnared in the inescapable grip of student loan debt. At 46, Collier juggles not just the intricate responsibilities of teaching but also the weight of financial distress that has become all too familiar for countless Americans. The