When it comes to claiming Social Security benefits, there are numerous caveats and nuances to consider. Among these complexities lies a valuable quirk that can greatly benefit divorced spouses. In many cases, the monthly Social Security benefit that can be claimed based on a former spouse’s work history essentially doubles when they pass away. This
Wealth
Ferrari CEO Benedetto Vigna unveiled the luxury carmaker’s plans to introduce its first fully electric vehicle by the end of 2025. Vigna expressed confidence that the new electric car will not only match the performance of its iconic combustion engines but also deliver an unparalleled driving experience. Emphasizing that electric cars do not have to
Bitcoin has been making headlines recently, reaching record highs of $73,000 this week. This surge in price is largely attributed to the demand for spot bitcoin exchange-traded funds. However, despite a slight dip to $67,000 on Friday, the price is still up by over 50% year to date. With this surge in popularity, tax professionals
The conversation around implementing a wealth tax is once again at the forefront as U.S. President Joe Biden proposes a “billionaire tax” on the country’s wealthiest individuals. The idea of ensuring that the super-rich pay their fair share to society has gained traction globally, with discussions around a global minimum tax on billionaires at the
In a recent study conducted by Altrata, it was found that donations to charity have been on the rise, but the pool of donors is shrinking. The world of philanthropy is becoming increasingly concentrated among a small group of ultra-wealthy mega-donors, with ultra-high-net-worth individuals accounting for a significant portion of all individual giving. To put
As President Joe Biden and former President Donald Trump solidify their party nominations, the discussion around proposed tariffs and their potential impact on American consumers grows more intense. While Trump has expressed his strong support for tariffs, Biden’s stance on this issue remains somewhat unclear. The Trump administration implemented various tariffs during his first term,