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Liz Weston: Homeowners lose step-up tax basis if they are not married

Liz Weston: Homeowners lose step-up tax basis if they are not married

Dear Liz: I co-own a house with my long-term boyfriend. If one of us passes away, how does the capital gains step-up impact the surviving partner? Answer: The deceased partner’s share of the home gets a new tax basis, while the survivor’s Portion remains unchanged. A tax basis is crucial for figuring out how much […]

Research shows that college graduates are less inclined to get married.

Research shows that college graduates are less inclined to get married.

Changing Marriage Trends Among College Graduates College graduates are prioritizing careers over traditional milestones such as marriage. Recent research from Education Economics highlights that, particularly in their 20s and 30s, university alumni are increasingly less likely to tie the knot. Researchers at the University of Iowa looked at census data involving over 8 million Americans, […]

Taylor Swift and Travis Kelce are set to get married.

Taylor Swift and Travis Kelce are set to get married.

Taylor Swift and Travis Kelce Are Engaged Taylor Swift and Travis Kelce have officially shared their engagement news. They made the announcement on social media on August 26. The couple, who have been dating for two years, posted a gallery of photos featuring Swift’s stunning rings and beautiful floral backdrops — presumably highlighting the moment […]

Married couple likely to see their medical insurance premiums rise by 300%

Married couple likely to see their medical insurance premiums rise by 300%

Health Insurance Concerns Dear Liz: My wife and I currently have health insurance through affordable care options. However, with the enhanced tax credits finishing this year, our monthly premiums might jump from $500 to approximately $2,000. Are there any recommendations you might have for us? If my wife qualifies for medical coverage based on her […]