taxes

Scott Bessent, Donald Trump's nominee for Treasury Secretary, faced sharp questioning in his Senate confirmation hearing Thursday, defending the administration's economic agenda on tariffs, tax policy, government spending, and U.S. global competitiveness. Markets took note as Bessent outlined a...

With Donald Trump's imminent return to the White House, investors are eyeing a new era of pro-business policies, particularly around tax cuts and deregulation. There are also looming risks — namely, trade tariffs on Chinese imports — that could put a dent in corporate earnings. Analysts have...

The 2024 election victory of former President Donald Trump, coupled with Republicans retaking the Senate and possibly retaining the House of Representatives, has put the spotlight on what this means for tax policy. Tax experts agree a likely result is the extension of key components of the 2017 Tax...

Donald Trump will return to the White House and will bring major changes to the country's tax, AI and energy policies. RBC Capital Markets analyst Deane Dray highlighted some of the companies that may benefit from Trump's policies.  Fossil Fuel/ Energy Independence: Trump's plans for energy...

President-elect Donald Trump campaigned on placing high tariffs on competing nations and cutting taxes, so what should investors expect after Trump’s second inauguration? Trump’s Policy: Trump’s specific plans concerning tariffs and taxes are unclear and have varied greatly. The...

Donald Trump and Kamala Harris, the 2024 presidential candidates, present starkly contrasting visions for voters, particularly on federal tax policy. Capital Gains Tax: Capital gains are the profits received after selling an asset. Gains are subject to taxes depending on how long the asset was held...

Many tax benefits under the Tax Cuts and Jobs Act are set to expire in 2025 which has led to ongoing discussions about their future and potential extensions ahead of next week's presidential election. Republican candidate Donald Trump and Democratic candidate Vice President Kamala Harris have...

Former President Donald Trump shared his thoughts on tariffs, a potential breakup of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), taxes, the Federal Reserve and more during an interview Tuesday at the Economic Club of Chicago, covering several topics that could be key to winning the 2024 presidential...

Bitcoin veteran and trader Fred Krueger shared on Friday his vision of a future where Bitcoin (CRYPTO: BTC) reigns supreme as the global currency. What Happened: Krueger took to X.com to share a scenario of the world in 2051. Bitcoin, he hopes, will become the universal currency after transforming...

Tax proposals outlined by the 2024 U.S. presidential candidates could have a substantial impact on S&P 500 earnings, according to analysis from Goldman Sachs. Goldman strategists including Ben Snider estimate that corporate earnings could move by 5%-10% depending on which tax policies are...

Vice President Kamala Harris is reportedly calling for an increase to the corporate tax rate that would roll back part of former President Donald Trump's legislation from 2017 that resulted in a significant lowering of corporate taxes. What To Know: According to an NBC News report, Harris campaign...

H&R Block Inc (NYSE:HRB) reported financial results for its fiscal fourth quarter after the market close on Thursday. Here’s a look at the key metrics in the report. Q4 Revenue: $1.063 billion, versus estimates of $1.028 billion Q4 EPS: $1.89, versus estimates of $1.74 “In...

The Internal Revenue Service has warned taxpayers against “unscrupulous” tax preparers carrying out clean energy tax credit scams. The ruse occurs when tax preparers illegally give taxpayers tax credits to which they are not entitled. “Unscrupulous (or misinformed) tax preparers...

Project 2025 is a contentious set of policy proposals from the conservative think tank, The Heritage Foundation, intended for implementation should a Republican president assume office in 2025. Economists and tax experts argue that the 900-page manifesto’s proposed reforms to the U.S. tax...

Intuit Inc (NASDAQ:INTU) successfully transitioned to a subscription-based model while also showing additional upside from generative artificial intelligence (AI). The Intuit Analyst: RBC Capital Markets’ Rishi Jaluria initiated coverage of Intuit with an Outperform rating and price target...