Advisor News

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’ s new tax-cut law, many people for the first time also could claim a tax deduction for interest on their vehicle loans. They must be assembled in the U.S. And the loans must be issued no sooner than this year, to list just a few qualifications.

Come Dec. 31, 2025, every dollar sent by Caribbean nationals to their families in Jamaica, Dominican Republic, Haiti, and the rest of the Caribbean region will be subject to a 1% tax increase, adding to the roughly 6% in fees charged by money transfer companies. This is because of the "One Big Beautiful Bill Act," which Congress passed last weekend in Washington and which…

Three industry organizations have praised the signing of H.R. 1 – also known as the Big Beautiful Bill – calling out provisions related to tax reform.

Pennsylvania "s hospitals and health care providers could be among the biggest losers under President Donald Trump’ s tax cut and spending bill, which passed the U.S. House on Thursday and will be sent to Trump to sign into law. For Pennsylvania hospitals, the cuts amount to about $4.5 billion per year over the next decade, said Nicole Stallings, president and CEO of…

Only two Republicans opposed the bill when it came back to the U.S. House for a final vote, after passing in the U.S. Senate earlier this week. Begich said he was "honored" to vote for the bill, highlighting provisions that are set to expand resource development in Alaska and increase spending on border security. "This legislation fulfills our longstanding goal:…

A new research report, “2025 Retirement Confidence Survey: A Closer Look at Black Americans,” published by the Employee Benefit Research Institute and Greenwald Research, found that Black Americans, on average, report higher incidences of lower incomes and assets coupled with higher likelihoods of problematic debt.