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More people are combining multiple pension pots into single accounts to simplify management and potentially reduce fees, though consolidation requires careful consideration of existing benefits and costs.
The IRS is increasing its ability to detect cryptocurrency tax reporting errors as brokers now must issue new digital asset tax forms, potentially exposing unprepared investors to enforcement actions.
Train operators in England are implementing new measures to combat fare evasion schemes, including blocking digital tickets on certain routes and expanding a phone-tracking app to calculate accurate fares across the network.
The Treasury Department and IRS issued proposed regulations allowing employers to contribute up to $2,500 annually to Trump Accounts for employees’ dependent children using pretax payroll dollars.
Social Security’s 2027 cost-of-living adjustment is estimated at 3.4% to 3.6%, down from earlier predictions as inflation moderates, according to new government data.
Trump administration officials have discussed potential tax breaks for home sales, including increased capital gains exclusions, though experts say implementation before midterm elections is unlikely.
