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Winning ticket for Mega Millions $1.128 billion jackpot sold in New Jersey — here’s how much the winner will owe in taxes

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[ad_1] Xavier Lorenzo | Moment | Getty Images There is officially one winner for the $1.128 billion Mega Millions jackpot — and the taxman will take a sizable share, experts say. A single ticket sold in New Jersey won the game’s fifth-largest grand prize after matching all six numbers drawn Tuesday night, Mega Millions announced … Read more

Crypto is ‘like cayenne pepper’ for investors, money manager says: ‘A little goes a long way’

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[ad_1] Tara Moore | Stone | Getty Images Katherine Dowling has an analogy that may be useful for investors thinking of buying cryptocurrency like bitcoin and wondering what amount is appropriate. It’s “like cayenne pepper,” said Dowling, general counsel and chief compliance officer at Bitwise Asset Management, a crypto money manager. “A little goes a … Read more

An ‘often overlooked’ retirement savings option can lower your tax bill, advisor says. Here’s how it works

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[ad_1] 10’000 Hours | Digitalvision | Getty Images There’s still time to lower your 2023 tax bill or boost your refund with a lesser-known retirement savings strategy for married couples. One requirement for individual retirement account contributions is “earned income,” such as wages or salary from a job or self-employment earnings. But there’s an exception … Read more

Women experience a ‘motherhood penalty.’ For dads, there’s a wage ‘bonus’

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[ad_1] More from Women and Wealth: Here’s a look at more coverage in CNBC’s Women & Wealth special report, where we explore ways women can increase income, save and make the most of opportunities. “For mothers, employment and earnings conditional on being employed fall sharply around the time of birth for women, and, more ominously, … Read more

Almost half of voters say student loan forgiveness is a key issue in 2024 election, survey finds

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[ad_1] A woman votes at the Royal Missionary Baptist Church polling location in North Charleston, South Carolina, on February 3, 2024, during the democratic primary.  Jim Watson | AFP | Getty Images Almost half of all voters, or 48%, say canceling student loan debt is an important issue to them in the 2024 presidential and … Read more

Mega Millions jackpot hits $1.1 billion — and the big winner could face these costly pitfalls

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[ad_1] The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty Images State taxes can be hefty “None of these winners think about taxes until they have a third of it going right to Uncle Sam and the state government,” said Andrew Stoltmann, a Chicago-based lawyer who … Read more

Adding features, like an outdoor TV or pizza oven, can help sell your home for over $10,000 more, research finds

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[ad_1] Filippobacci | E+ | Getty Images If your home boasts certain trendy outdoor features, you may be able to sell it for more in today’s market. At the top of the list is outdoor TVs, which may help home sale price to 3.1% more than expected, representing a $10,749 boost based on the average … Read more