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IRS announces bigger estate and gift tax exemption for 2025 – CNBC

The Internal Revenue Service announced increases in inheritance and gift tax exemptions for 2025. “Basic deduction amount” Increased to $13.99 million The agency announced Tuesday that the amount will increase from $13.61 million per person in 2024 to $13.61 million in 2025. This exemption applies to tax-free transfers during life and at death. The IRS […]

Retail Sales Unexpectedly Rose in August, Lowering Chances of a Bigger Rate Cut

U.S. consumers unexpectedly increased spending in August, defying expectations that a softening labor market would dampen retail purchases. Retail sales rose 0.1% in August, Commerce Department data released Tuesday showed, after an upward revision to a 1.1% increase the previous month. While rising sales are unlikely to derail the Federal Reserve's plans to cut interest […]

Florida State football’s disastrous 0-3 start is a symptom of bigger problems

This was arguably the worst result for the start of the season. Florida State Seminoles That would be an understatement. Seminole Top 10 teams in preseason poll Lost 0-3 Georgia Institute of TechnologyBoston College and now Memphis, two of which will be at home. Coach Mike Norvell's position (he was rumored to be heading to […]

Donald Trump on Kamala Harris’s Migrant Youth Oversight: ‘No Bigger Scandal’

President Donald Trump has criticized the federal government for failing to protect more than 300,000 young immigrants accepted through the Unaccompanied Alien Children (UAC) program. “325,000 migrant children have gone missing under this administration.” President Trump made the remarks at a press conference on the California coast on September 13th.If you take the largest stadium […]