The Internal Revenue Service (IRS) has recently launched Direct File, a free tax filing program that aims to provide American taxpayers with the option to file their taxes directly with the IRS. This program is currently in its pilot phase in 12 states and is open to taxpayers with simple tax situations. The launch of
Wealth
Meenakshi Sai, a 51-year-old Indian woman, defies the norm of her country by embarking on epic road trips since the young age of 18. In a country where less than 7% of drivers are women, Sai stands out as a trailblazer who enjoys the freedom and independence that driving provides. After her daughter left for
AirAsia’s founder and CEO, Tony Fernandes, is no stranger to stirring up controversy with his social media posts. His unfiltered approach to sharing moments from his professional life has garnered mixed reactions from the public. Fernandes claims that transparency is the key to his social media strategy, even if it means facing potential backlash. One
Barbara Corcoran, a well-known investor on ABC’s “Shark Tank,” believes that the key to a successful life is the ability to learn from failures. According to Corcoran, being able to bounce back from mistakes is essential for achieving success. She emphasizes that recovering from failure is a significant component of life, with 95% of it
In recent years, the number of family offices around the world has seen a dramatic increase, with the total figure tripling since 2019. According to a recent report by Preqin, there are now over 4,500 family offices globally, with North America leading the way with 1,682 offices. Furthermore, family offices in North America hold more
The process of obtaining civet cat coffee, also known as kopi luwak, has long been a subject of controversy due to the inhumane treatment of the Asian palm civet. Recent footage released by People for the Ethical Treatment of Animals (PETA) revealed the harsh reality faced by these animals in Bali. The undercover investigation showed
Choosing whether to file taxes jointly or separately can have a significant impact on a married couple’s financial situation. The default choice for most couples is usually to file jointly, as it typically offers more generous tax brackets and deductions. However, there are scenarios where filing separately may be more advantageous for some couples. One
Passport rankings are often based solely on visa-free travel privileges, but Nomad Capitalist, a tax and immigration consulting firm, delves deeper into the concept of passport strength. They utilize a weighted annual index that takes into consideration various factors such as visa-free travel, taxation, global perception, ability to hold dual citizenship, and personal freedom. According
The recent controversy surrounding Taylor Swift’s concert deal in Singapore has raised questions about exclusivity terms and the implications for neighboring countries in Southeast Asia. The closed-door deal for Taylor Swift to perform exclusively in Singapore has sparked criticism from neighboring countries like Thailand and the Philippines for shutting them out from the highest-grossing tour
About a decade ago, my career transitioned from being a concert promoter to a personal finance journalist. Initially, my thoughts on taxes were minimal, only considering them once a year during tax season. However, my job at CNBC has led me to delve into tax strategy year-round, especially regarding how retirement contributions impact long-term financial