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It roughly doubled the standard deduction, adjusted the individual income tax brackets and lowered most of the rates. The legislation also applied a $10,000 cap on the state and local tax deduction, and it roughly doubled the estate tax exemption (it now sits at $13.61 million for an individual). In certain cases, it may also make sense to harvest capital gains, Bigge said. Gain harvesting, just like loss harvesting, is for your taxable account. You get an immediate tax deduction in the year you make your donation, and you can spread out the grants to your favorite charities over time.
Persons: it's, Stephen Bigge, Donald Trump, Kamala Harris, Bigge, We're, we're, Tim Steffen, Steffen Organizations: Keebler, Associates, Baird Locations: Green Bay , Wisconsin, China, Washington, Milwaukee
CNN —Mosab Abu Toha’s voice is smooth and melodic when he recites his poetry from his new home in New York. Despite surviving physically, Abu Toha describes how the spirit to truly live has been shattered. Abu Toha fled Gaza with his young family late last year, after relocating several times within the enclave. Now, he’s releasing his second poetry book, “Forest of Noise,” written in English. But for Abu Toha, the relevance of his most recent work lies not in his own story.
Persons: Mosab Abu, , Abu Toha, he’s, it’s, Becky Anderson, Mosab Abu Toha's, “ It’s, ” Abu Toha’s, , Abu Toha’s, ” Abu Toha, , Mosab Abu Toha, Sama, Mosab Abu Toha Abu Toha Organizations: CNN, Hamas, Syracuse University Locations: New York, Palestinian, Gaza, United States, , Beit Lahiya, Israel
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . My daughter, Julia, was 6 when she went trick-or-treating for the first time without me or my husband, Troy, on Halloween 2021. Eskridge with her daughter, Julia, then 6, at a neighborhood Halloween party in 2021. In 2022, Julia went trick-or-treating with two friends, one 7 and the other 8. The parent of the 7-year-old wanted to tag along, and although she was a bit disappointed, Julia went with the flow.
Persons: Kay Eskridge, , Julia, Troy, Jonetta, We'd, I'd, we'd, Nobody, Miss Dee, I've, we're, She'll Organizations: Service, Child Protection Services, Business Locations: Louisville , Kentucky, Troy
If you're weighing a year-end Roth individual retirement account conversion, waiting too long could be risky, financial experts say. Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can start tax-free growth. The strategy has become more popular, with a 46% year-over-year increase during the second quarter of 2024, according to Fidelity. Some investors want to pay Roth conversion taxes now while there are lower tax brackets because the current rates are scheduled to sunset after 2025 without action from Congress. However, it's difficult to predict future tax law changes with uncertain control of the White House, the Senate and the House of Representatives.
Persons: Roth Organizations: Roth IRA, Fidelity, Finance, White, Senate
Chinese tech company Baidu garnered interest among investors following a 28% year-to-date drop in its share price — but one market watcher is unimpressed. For comparison, the Nasdaq Composite is up around 25.4% year-to-date, while the benchmark S & P 500 index is around 22.5% higher. According to FactSet data, of the 46 analysts covering the stock, 35 give it a "buy" or "overweight" rating, at an average price target is $125.41. BIDU YTD mountain Year-to-date shares in Baidu Among the reasons for Hsu's skepticism, is that Baidu as an internet search engine "is a one trick pony." "Baidu was riding high for a short while but ... the AI story may have sunset on Baidu and it will go back to being a one trick pony."
Persons: that's, Jason Hsu, CNBC's, Ernie Bot, Hong, Hsu —, , Hsu, Baidu Organizations: Baidu, Rayliant Global Advisors, Nasdaq, China Equity ETF Locations: China
There are only about 370 North Atlantic right whales left. Clearwater Marine Aquarium Research Institute, photographed under NOAA permit #20556The birth of Squilla’s calf was a momentous event for their species, the highly endangered North Atlantic right whale. For decades, North Atlantic right whales were slowly recovering after being devastated by centuries of whaling. PEAK 483 400 North Atlantic right whale population 372 The population has declined by about 23 percent in the last decade, according to estimates. Seventeen North Atlantic right whales would be found dead, about 4 percent of the estimated population.
Persons: Squilla, Marco Hernandez, you’re, , Erin Meyer, Lawrence, hadn’t, Gina Lonati, She’d, Bob Lynch, , Lynch, Amy Knowlton, Patrice McCarron, NOAA Marco Hernandez, lobstermen, Janet Mills, Billy Hickey, The New York Times Sarah Sharp, Dr, Sharp, Cheryl Andrews, it’s, McCarron, Michael Moore, ” Dr, Moore, Caroyln Miller Organizations: Atlantic, Georgia Department of Natural Resources, NOAA, Clearwater Marine Aquarium Research, NOAA Fisheries, University of South, National Oceanic, Atmospheric Administration Fisheries, University of New, University of New Brunswick Saint, Oceans Canada, Aerial Survey, Center for Coastal Studies, for Coastal Studies, New, Maine Lobstermen’s Association, Gov, Vineyard, The New York Times, International Fund for Animal Welfare, Tribe, Oceanographic Locations: Georgia, Atlantic, United States, East, University of South Carolina, New York, New England, Fundy, Canada, Gulf, St, Lawrence, Florida, U.S, University of New Brunswick, University of New Brunswick Saint John, Massachusetts, New Brunswick, Cape Cod, , Maine
Pop star Nicole Scherzinger, known as the former lead singer of the Pussycat Dolls, appears to be elevating her career on the Broadway stage. The Filipina and Native Hawaiian performer recently made her Broadway debut as Norma Desmond in a revival of famed composer Andrew Lloyd Webber's "Sunset Blvd." and has reportedly been receiving standing ovations midshow. As Desmond, Scherzinger plays a Hollywood movie star whose career has declined with time, desperately trying to reclaim her fame. People magazine lauded her performance as “so commanding, so seductive and so magnificent,” adding that she received multiple standing ovations throughout the show.
Persons: Nicole Scherzinger, Norma Desmond, Andrew Lloyd Webber's, Desmond, Scherzinger, Laurence Olivier, Johnny Oleksinski, Lloyd, Organizations: Broadway, magazine, New York Post Locations: Hollywood, London's
CNN —Nicole Scherzinger was a part of Liam Payne’s career rise and now she’s paying tribute to him. Payne died recently after falling from the third floor of a hotel in Buenos Aires, Argentina. Webber talked to Billboard about Scherzinger discovering her mentee Payne had died. I mean she is an amazing, amazing woman. She is without any question one of the finest performers I’ve ever worked with.”CNN has reached out to representatives for Scherzinger for confirmation/comment.
Persons: CNN — Nicole Scherzinger, Liam Payne’s, Payne, , Scherzinger, Liam, , ” Scherzinger, Andrew Lloyd Webber, Webber, mentee Payne, she’d, ” Webber, I’ve Organizations: CNN, ” CNN Locations: Buenos Aires, Argentina, Sunset,
IRS announces new federal income tax brackets for 2025
  + stars: | 2024-10-22 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
The top rate of 37% applies to individuals with taxable income above $626,350 and married couples filing jointly earning $751,600 or more for 2025. The IRS has announced new federal income tax brackets and standard deductions for 2025. Federal income tax brackets show how much you owe on each part of your "taxable income," which you calculate by subtracting the greater of the standard or itemized deductions from your adjusted gross income. If the provision expires, the tax brackets will revert to 2017 levels , shifting to 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. Trump's tax cuts also included higher standard deductions, which will sunset after 2025 if Congress doesn't extend that tax break.
Persons: Donald Trump Organizations: IRS
IRS announces bigger estate and gift tax exemption for 2025
  + stars: | 2024-10-22 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
The Internal Revenue Service has announced a higher estate and gift tax exemption for 2025. The IRS also boosted figures for dozens of other provisions, including federal income tax brackets, long-term capital gains tax brackets and eligibility for the child tax credit, among others. Here are key steps to consider from top-ranked advisorsTrump's tax cuts could expire after 2025. How advisors are preparingAfter 2025, the higher estate and gift tax exemption enacted by former President Donald Trump will sunset without action from Congress. The Tax Cuts and Jobs Act doubled the exemption to $11.18 million in 2018, according to the Tax Policy Center.
Persons: Donald Trump Organizations: Internal Revenue Service, IRS, Finance, Tax, Center
Like, ‘You think I’m lying about what I’ve done?’”There can be no doubting the American this time. I was like, ‘There’s no way I’m going to keep going.’”Eight years later, Wilcox has finally completed the remarkable feat. Lael Wilcox (third from right) is joined by fellow female cyclists during one of Komoot's Women's Rallies. courtesy Ashley Gruber“I would almost always be the only woman at any event I went to,” explained Wilcox. “I had a good ride, I’m happy with it.
Persons: CNN —, Lael Wilcox, , , – Wilcox, Wilcox, “ It’s, ’ ”, they’ll, Komoot, Komoot's Women's, Ashley Gruber “, , ” Wilcox, Vedangi Kulkarni Organizations: CNN, CNN Sport, New Zealand, Guinness, Komoot’s Women’s, Basque, Locations: Chicago, Europe, Australia, New, Anchorage , Alaska, West Coast, Oregon, Virginia, Germany, Turkey, New York City, Basque Country, San Francisco, Arizona , New Mexico , Texas, Oklahoma, Missouri, Illinois
The Tax Cuts and Jobs Act (TCJA), which took effect in the beginning of 2018, overhauled the federal tax code. It roughly doubled the standard deduction, adjusted individual income tax brackets , lowered most of the rates and applied a $10,000 cap on the state and local tax deduction. Mutual funds tend to have higher turnover – that is, buying and selling of underlying securities – and by law they must distribute capital gains. Meanwhile, income from Treasurys are subject to federal income tax, but exempt from state and local tax. Seek tax-efficient opportunities for your holdings Take a look at your portfolio and see whether there are opportunities for tax-advantaged yield, Woodard said.
Persons: Jared Woodard, Woodard, MLPA Organizations: Bank of America, Mutual, Bloomberg, ETF, SEC, Muni, MLP & Energy Infrastructure, Global, MLP, MLPX, & $ Locations: U.S
I was raised in NYC, but my French partner and I just moved to a Portuguese town, sight unseen. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI was born in Paris and raised in New York, which has made me a city girl through and through. AdvertisementMy partner and I are both French-Brazilian, so we decided France and Brazil were out of the question. If I could tell 16-year-old me that 10 years later, she'd be living in a quaint Portuguese town, she wouldn't believe me.
Persons: I'd, , Normandy —, Iman M'Fah, we've, We're, she'd Organizations: Service, Portugal we'd Locations: NYC, Portuguese, Portugal, Paris, New York, Normandy, France, Hawaii, Alaska, Brazil, Ericeira, York
Window Rock, Arizona AP —John Kinsel Sr., one of the last remaining Navajo Code Talkers who transmitted messages during World War II based on the tribe’s native language, has died. With Kinsel’s death, only two Navajo Code Talkers are still alive: Former Navajo Chairman Peter MacDonald and Thomas H. Begay. Hundreds of Navajos were recruited by the Marines to serve as Code Talkers during the war, transmitting messages based on their then-unwritten native language. The Code Talkers sent thousands of messages without error on Japanese troop movements, battlefield tactics and other communications crucial to the war’s ultimate outcome. President Ronald Reagan established Navajo Code Talkers Day in 1982 and the August 14 holiday honors all the tribes associated with the war effort.
Persons: John Kinsel Sr, Buu Nygren, Kinsel, “ Mr, selflessly, ” Nygren, Peter MacDonald, Thomas H, Talkers, Ronald Reagan Organizations: Arizona AP, Navajo, Navajo Nation, Rock, Tribal, Marines, 9th Marine Regiment, 3rd Marine Division Locations: Arizona, Begay, Pacific, Guadalcanal, Tarawa, Peleliu, Iwo Jima, Cove , Arizona, Navajo, Lukachukai, New Mexico, Utah
The comet won’t be visible in the night sky until 2061. But the debris the comet leaves in its trail — otherwise known as the Orionid meteor shower — causes meteors to streak through Earth’s atmosphere. Meteors from Halley’s cometAs Earth orbits the sun, it encounters the debris trail from Halley’s comet twice a year. The best part of viewing a meteor shower, Lunsford said, is “getting in touch with nature and being part of the universe. Look for the celestial wonder in the western part of the night sky shortly after sunset.
Persons: Robert Lunsford, ” Lunsford, Lunsford Organizations: CNN, American Meteor Society, Orion, NASA, Farmers, Taurids
I’ve tried PC speakers, bookshelf speakers, smart speakers — some of which weren’t very smart — and I’ve tried nearly every major Bluetooth speaker on the market. What we likeThe HomePod turns your speaker into a home base for all your Apple and smart home devices. Another issue that tampered with my experience with the Apple HomePod was the lack of Bluetooth connectivity. Other products to considerThe HomePod Mini is jam-packed with many of the same features as its larger counterpart the Apple HomePod. I used my years of commerce expertise and tech coverage for this article to review Apple’s HomePod smart speaker.
Persons: I’ve, , Siri, HomePod, Apple HomePod, It’s, TikTok Organizations: Apple, NBC, Netflix, Google, Bluetooth, Facebook, Twitter
Alison Emerick and her husband traveled to Bali for a break on their way home to Colorado. They settled into Bali life quickly, with two young kids, and didn't want to leave. AdvertisementWe settled into Bali life quicklyAs the weeks went by, and life slowed down, we realized we really liked it here. The author, her husband, and two kids embrace Bali life. The author loves how easy it is to pick up the kids from school and head to the beach as a family.
Persons: Alison Emerick, , It's, we're, Alison Emerick Bali, we've, We've, I've, We're Organizations: Service, Singapore American School, manta Locations: Bali, Colorado, Singapore, Singapore ., Indonesia, Sanur, Canggu, Penida, Komodo, East Java, Ubud, Overdevelopment, Rivers
After a siding with the bulls in the run-up to Netflix 's latest earnings report, CNBC's Jim Cramer explained why the quarter made him more optimistic about the company's future, saying he was impressed by management's outlook and commentary about content. Netflix beat Wall Street's expectations for earnings, revenue and paid membership growth when it posted its report Thursday evening. The streaming giant's shares popped 11% Friday morning and maintained those gains through close. Cramer was encouraged by management's guidance for the current quarter and 2025, as the company expects to keep up double-digit revenue growth some investors feared would be hard to maintain. He also liked Sarandos' positive read on how AI will impact business.
Persons: CNBC's Jim Cramer, maul, Cramer, Ted Sarandos, Sarandos, Emily, I'm Organizations: Netflix, National Football League Locations: Paris
Lydia Koh is a fine art wedding photographer and founder of a Singapore-based photography company. Koh said a timekeeper can help couples with a less stressful experience — a lesson from her own wedding. I started wedding photography in 2013 when I attended a gorgeous wedding on a ranch in Southern California with a sunset reception. AdvertisementAs much as I've learned from photographing weddings over the past decade, the biggest lesson came from my wedding. AdvertisementEveryone will want photos with the couple on the wedding day, and it can be overwhelming to manage everything alone.
Persons: Lydia Koh, Koh, , I've, They're, It's Organizations: Service Locations: Singapore, Southern California
I spent a week riding my bike from Pittsburgh to Washington, DC. The road was rough at times, but the people I met made the journey worthwhile. AdvertisementWhen I set out to ride my bike from Pittsburgh to Washington, DC, I wasn't quite sure what to expect. "Bikepacking" — riding a bicycle carrying clothing, food, water, and camping gear and finding places to sleep outside along the journey — is not an easy endeavor. AdvertisementAbout halfway through my ride, I met a lovely woman who was born and raised in Meyersdale.
Persons: , Tara Lerman, Mason, he'd, Bikepacking, Little Orleans , Maryland Tara Lerman, bikepack, I've, I'm Organizations: Service, Facebook, GAP, Chesapeake and, Baltimore and Ohio Railroad, Lake Erie Railroad, Union Railroad, Western Maryland Railway —, Dixon, Mason Locations: Pittsburgh, Washington, DC, Chesapeake and Ohio, Baltimore, Monongahela, Allegheny, Pennsylvania, Alabama, Texas, Maryland, Little Orleans , Maryland, Frostburg , Maryland, Meyersdale , Pennsylvania, Meyersdale
But to save some money, I stayed in two Airbnbs about an hour outside Berlin and Zurich by train. AdvertisementA 3D map of Neustrelitz, Germany, found in the town square in October 2022. Joey Hadden/Business InsiderRoggwil rests in the rolling hills of Switzerland, and to me, it had the most striking scenes of the entire trip. A sunlit field in Roggwil, Switzerland. Joey Hadden/Business InsiderI expected nothing more than a place to sleep in these towns, so I was pleasantly surprised that they felt like hidden gems.
Persons: , Joey Hadden, I'd Organizations: Service Locations: Europe, Berlin, Zurich, Vienna, Venice, Rome, Milan, Neustrelitz, Germany, Switzerland, Roggwil
Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. Asia-Pacific markets opened lower Wednesday, with Japan's Nikkei leading losses, following declines on Wall Street. New Zealand reported that its consumer prices index for the third quarter rose 2.2% year on year, in line with economists' expectations in a Reuters poll. It climbed 0.6% on quarter, slightly lower than the anticipated 0.7%. South Korea's seasonally-adjusted unemployment rate came in at 2.5% in September, compared to 2.4% in August.
Organizations: Japan's Nikkei, State, Traders, New Zealand Locations: Beijing, China, Asia, Pacific, New, South
The closest supermoon of the year will soon loom large and bright in the autumn sky. October’s hunter’s moon is set to peak at its fullest around 7:26 a.m. Many people associate the hunter’s moon with being orange in color as it rises, but the same could be said of all full moons. Why the full moon is called hunter’s moonThe hunter’s moon is the first full moon after the autumnal equinox, which occurred on September 22 this year. The hunter’s moon is expected to be joined by Jupiter, a red giant star called Aldebaran and the star cluster Pleiades, according to EarthSky.
Persons: it’s, Robin L, Shelton, Don’t, • Orionids, Leonids, Geminids, Ursids Organizations: CNN, NASA, University of Georgia, Jupiter, American Meteor Society Locations: Potawatomi, Fort Ouiatenon, West Lafayette , Indiana
Delta unveils sleek new cabin design
  + stars: | 2024-10-15 | by ( Marnie Hunter | ) edition.cnn.com   time to read: +2 min
CNN —Delta Air Lines is debuting a new look this fall, with sleek new cabin interiors on its narrowbody Boeing 757 aircraft that will eventually be applied across the carrier’s fleet. While the interiors are getting a full refresh, there will be “no change to seating configuration, size or space between seats,” a Delta spokesperson said in response to a question about those facets of cabin design. Courtesy DeltaMemory foam cushions are part of the offering in Delta Premium Select and First Class as well as in economy seats on widebody aircraft. Main cabin seats feature engineered leather with red accents. When it’s time to wake up, the cabin slowly brightens into morning and daylight.”Every aircraft in the fleet will eventually feature the new cabin design, Delta said.
Persons: , Mauricio Parise, we’ve, Delta, Organizations: CNN, Delta Air Lines, Boeing, Airbus, Delta Locations: , mealtimes
This is an adapted excerpt from their new book "The Kids Are All Right: Parenting with Confidence in an Uncertain World." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne thing we've noticed with our six kids is that each has a different emotional baseline. After all, the work usually involves difficult, objectionable, or tedious work (like clearing out an attic, removing wallpaper, cleaning out a drain, or taking a load of heavy bags to the dump). Excerpted from The Kids Are All Right: Parenting with Confidence in an Uncertain World by Gabrielle Blair and Ben Blair.
Persons: Gabrielle Blair, Ben Blair, , We've, We're, We'll, we'd, Workman Organizations: Newlane University, Service, Workman Publishing Co, Inc, Hachette Book Locations: United States, Normandy, France
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