Author: awais.host01

Gambling winnings are expected to be taxed more next year — at least federally. Thanks to the 2025 GOP/Trump tax and spending bill, a portion of winnings from activities like lotteries, slot machines, and sports betting face a potential double taxation.That’s because prior IRS gambling rules allowed you to deduct all gambling losses up to the amount of winnings. Starting in 2026, losses are limited to 90% of winnings.But just weeks before the new gambling tax provision becomes effective, President Donald Trump reportedly said he would “think about” repealing income taxes on gambling winnings entirely. From just $107.88 $24.99 for…

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Will a new, more transparent framework attract more crypto companies to the UK? The UK Treasury is set to bring cryptocurrency markets fully under formal regulation by late 2027. According to The Guardian and Reuters, under the proposal, crypto companies would be regulated by the Financial Conduct Authority (FCA) and… Continue reading UK Proposes Plan to Bring Bank-like Regulation to Crypto Companies The post UK Proposes Plan to Bring Bank-like Regulation to Crypto Companies appeared first on ValueWalk.

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Like many financial planners, Dave Morgan and his colleagues at High Net Worth Advisory Group was hearing more and more clients ask questions about taxes.Processing ContentFor years, the Naples, Florida-based firm would refer those inquiries to a small group of trusted certified public accountants. Over time, though, those local CPAs had become fully booked.The firm’s solution? Bring some of those CPAs onto the payroll to serve clients through a new division: the High Net Worth Tax Advisory Group.”Being the control freaks that we are, and I say that as a compliment to ourselves, we don’t want to commoditize the experience,”…

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Video interviews are quietly making their way into lending processes, giving lenders a new window into borrower behavior beyond traditional credit scores. As video interviews credit decisions expand, this technology promises to capture nuances that numbers alone might miss—like how you explain a financial setback or demonstrate your understanding of loan terms—while also raising important questions about fairness and accuracy that every consumer should understand. For people already dealing with credit report errors, this development presents both opportunity and risk. Could a video interview help you tell your side of the story when disputed items drag down your score? Or…

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The Hotel Emma is a converted 19th-century brewery in San Antonio’s Pearl District that manages to feel both luxurious and welcoming — a combination that’s hard to pull off. The exposed brick, steel beams and repurposed beer tanks give the property an industrial edge. At the same time, thoughtful design touches and top-notch service add the polish you’d expect from Texas’ only hotel with a AAA Five Diamond rating, the highest rating AAA offers for lodging. It’s an experience that feels worth the splurge.Nightly rates can easily top $1,000 on peak nights (typically winter holidays and weekends), but during off-peak…

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(Image credit: Getty Images)Stocks were choppy Tuesday as market participants considered what the delayed November jobs report could mean for the Federal Reserve and interest rates in 2026. A higher-than-expected payroll number couldn’t offset concerns over a rising unemployment rate, though, with two of the three main indexes extending their recent losing streaks.Ahead of the open, the Bureau of Labor Statistics (BLS) said nonfarm payrolls rose by 64,000 in November, beating economists’ estimate for 45,000 new jobs. The report also showed 105,000 job losses for October, while figures for August and September were revised down by a combined 33,000.More concerning…

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Financial advisors call it “leakage,” a dangerous habit that drains retirement accounts to pay for today’s wants. But new research suggests that 401(k) loans are rarely used for frivolous spending, serving instead as a critical safety net for households hitting a wall on medical bills and housing costs.Processing ContentThe research, conducted by the Employee Benefit Research Institute and J.P. Morgan Asset Management, analyzed the spending behavior of private-sector 401(k) participants to determine where loan proceeds were actually spent. The researchers found that health care and housing were the most significant drivers of borrowing.Medical costs were the main culprit. Nearly half…

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