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A bipartisan bill in Congress seeks to allow fraud victims to deduct stolen money from their taxes and waive early withdrawal penalties on retirement accounts, addressing a tax burden created by recent law changes.
Fraudsters are sending fake X login alert emails mimicking legitimate notifications to steal passwords and account access through deceptive links and fake websites.
UK savers face fierce competition among banks pushing interest rates higher this summer, with instant-access accounts paying up to 5% and regular savings accounts offering up to 8%.
Congressional lawmakers are pushing to eliminate a tax loophole allowing cryptocurrency investors to claim investment loss deductions without divesting holdings, potentially raising billions in federal revenue annually.
Great Britain will see a temporary removal of VAT on household electricity bills starting October, reducing the annual price cap by approximately £45, under new Prime Minister Andy Burnham’s cost of living measures.
Research warns that delaying Social Security reform risks bond market turmoil and economic strain, with the trust fund facing depletion in the early 2030s and potential Treasury borrowing needs exceeding $600 billion annually.
