Taxes
3 articles in this category
Prediction markets boom, but tax rules for winnings remain unclear
With prediction markets surging, tax treatment of winnings is murky — they may be taxed as gambling income, business proceeds, or crypto capital gains depending on platform and payout.
CNBC Top News
2 min read
#prediction markets
#taxation
#IRS guidance
Why Trump's 'No Tax on Tips' Deduction May Leave Some Tipped Workers Out
A proposed "no tax on tips" deduction could help many tipped workers, but experts say recordkeeping, payroll taxes, reporting rules and state taxes mean some won't benefit.
CNBC Top News
2 min read
#tipped workers
#tax deduction
#tip reporting
Trump tax change eases 1099-K reporting for gig workers and online sellers
A recent Trump administration change relaxes third‑party payment reporting, meaning fewer casual sellers and gig workers will get 1099‑Ks — but income still counts for tax.
Yahoo Finance
2 min read
#1099-K
#gig economy
#online selling