Bill Oxford | E+ | Getty Images If you’re still waiting for a tax refund, there’s a silver lining: it may be accruing interest, and the rate jumps to 5% from 4% on July 1, according to the agency’s latest quarterly adjustment. Typically, the IRS has 45 days after the filing deadline to process returns
Wealth
Maria Teijeiro | OJO Images | Getty Images Tax breaks aren’t the primary incentive for philanthropy among the ultra-wealthy, according to BNY Mellon Wealth Management’s inaugural Charitable Giving Study. The report, polling 200 individuals with wealth ranging from $5 million to more than $25 million, found the top three motivators were personal satisfaction, connection to
Mark Cuban still remembers what it was like to live with student loan debt. The billionaire entrepreneur and investor also says reducing the more than $1.7 trillion in U.S. student debt could be a key to boosting the country’s economy, which is why he says he supports President Joe Biden’s campaign proposal to forgive $10,000
Bill Gates’ advice to young people looking to change the world for the better is very simple: Pick up a book. Participating in his 10th Reddit “Ask Me Anything” session on Thursday, the billionaire Microsoft co-founder was asked what advice he’d offer to a young person looking to “make a positive impact” on the world.
Some people have framed diplomas. Others have framed photos with celebrities. Jeff Bezos has a framed 16-year-old copy of Businessweek magazine. On Wednesday, the Amazon founder tweeted a photo of the November 2006 magazine’s cover, which featured a photo of Bezos at age 42 behind the text, “Amazon’s Risky Bet.” The cover story was about
1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe Courtesy: RM Sotheby’s An ultra-rare Mercedes-Benz race car sold for $143 million earlier this month, making it the most expensive car ever sold. RM Sotheby’s announced it auctioned off a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe for 135 million euros, or about $143 million. The sale smashed the previous
The Internal Revenue Service headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images The wealthiest Americans are getting their taxes audited at a far lower rate than they were over a decade ago, due in large part to staff and funding shortages at the Internal Revenue Service, according to a new report. The
Everybody has bad days. Even Mr. Wonderful. But every tough situation in Kevin O’Leary’s life, he says, is typically counterbalanced by something else. That’s “because I live life with a portfolio approach,” O’Leary, 67, tells CNBC Make It. “I don’t risk it all in any one thing.” The star of ABC’s “Shark Tank” and chairman
A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Amid swelling prices, most Americans see inflation as the biggest issue facing the country — far exceeding other concerns, according to a survey from Pew Research. Some 70% say inflation is “a
Nearly half of Americans want to travel to space. But that means the other half doesn’t, according to a 2021 survey by ValuePenguin, one of LendingTree’s financial research websites. Nearly 40% said space travel was too dangerous, while others worried about environmental impact and costs. Soon there will be an option that addresses those worries,
Like most employees, Tony Fadell used to silently rejoice when his boss went on vacation. Then, Fadell joined Apple in 2001 and realized that Steve Jobs’ downtime was different than most bosses’ vacations. On a recent podcast episode of “The Tim Ferriss Show,” Fadell – known as the inventor of the iPod and co-creator of
alfexe | iStock | Getty Images Filers won’t be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement Thursday. The IRS tossed an estimated 30 million so-called paper-filed information returns in March 2021, according to an audit by the Treasury Inspector General for Tax Administration. The