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Yahoo BusinessJul 05, 2025
Trump's 'Big, Beautiful Bill' Offers Seniors A $6,000 'Bonus' Tax Deduction: Here's How You Qualify For The Benefit


Google Business NewsJul 05, 2025
How to save thousands by stacking Trump's new-car tax credits with Biden's - USA Today
How to save thousands by stacking Trump's new-car tax credits with Biden's  USA TodayHere are all the EVs that are set to get more expensive now that the 'Big Beautiful Bill' has passed  Business InsiderWhat to know about buying electric vehicles after the federal tax incentives end  AP NewsHow Republican E.V. Cuts Could Put U.S. Carmakers Behind China  The New York TimesHow to use tax credits for EVs and home projects before they expire  

MarketWatchJul 04, 2025
Tax breaks and spending cuts: Here are the winners and losers in Trump's big bill
The GOP megabill has new tax breaks aimed at low- and moderate-income households, and spending cuts that could make it harder for some to receive public assistance or hold onto health insurance.

NPR Topics: BusinessJul 03, 2025
Congress passed no tax on tips in Trump's 'big, beautiful bill.' Here's how it works
Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax exemptions for tipped hourly workers. But how will it work?

KiplingerSep 25, 2022
I've Inherited a Lot of Money. Now What?
It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.

SEE MORE How Much of Your Estate Will Be Lost to Taxes? I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:

They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps. The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.   It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes. 

Figuring out how to make the best use of an inheritance Here is how I generally approach these conversations to help a person make the best use of their inheritance:

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