On January 5, 2025, President Biden signed H.R. 82, the Social Security Fairness Act of 2023 (Public Law 118-273), to repeal ...

Different types of windfalls get different tax treatment. You might not owe taxes on a cash inheritance or a life insurance ...

Pretty much anyone who has ever struggled financially has dreamt of coming into a windfall. You know, like maybe a 100-year-old distant relative you’ve never met dies and leaves you their fortune. Or ...

Sitting down with a professional, such as a financial advisor or an accountant, can go a long way toward getting things off ...

When a factory owner cashes out of a billion‑dollar deal, workers usually brace for layoffs, not life‑changing checks. In ...

For many people, a financial windfall isn’t necessarily a life-altering moment. Often, it’s quieter than hitting the jackpot or winning the lottery (which, in many cases, can actually make ...

The windfall tax on oil and gas firms will be scrapped if prices fall to normal levels for a sustained period, the government has announced. Halting the windfall tax would cut the overall tax rate on ...

SPAC King Chamath Palihapitiya is set for a massive payday following NVIDIA Corp.’s (NASDAQ:NVDA) $20.6 billion deal with ...

SPAC King Chamath Palihapitiya is set for a massive payday following NVIDIA Corp.'s (NASDAQ: NVDA) $20.6 billion deal with rival semiconductor company, Groq.