When a spouse dies, there can be a ‘tax explosion’ for the one left behind

If you know what’s coming, you can plan ahead to mitigate some of the pain.

Topics

Behind Pete Hegseth's explosive Senate confirmation hearing

Pete Hegseth faced intense questioning from the Senate Armed Services Committee as he vies for the secretary of defense post in President-elect Donald Trump's Cabinet. CBS News' Taurean Small and ...
CBS News - 3d
Here’s when you can file your 2024 taxes — and what’s new this year with refunds, tax laws and free tax prep

Income-tax refunds averaged more than $3,100 last year. How much will they be this year?
MarketWatch - 6d
Here's when you can start filing your 2024 tax returns

The new tax season is here. Read on to learn when you can file your 2024 tax return and get your refund.
CBS News - Jan. 10
What Dr. Ruth Left Behind

Archivists from the Kinsey Institute are helping the family of the sex therapist Ruth Westheimer with a common quandary: How much of someone’s stuff do you keep?
The New York Times - Jan. 10
Read the full eulogy Walter Mondale left behind for Jimmy Carter

Former president Jimmy Carter's vice president, Walter Mondale, died in 2021 but left behind a eulogy that his son Ted read at Carter's memorial service Thursday morning.
CBS News - Jan. 9
California wildfire scorches abandoned cars left behind by evacuees

Video from NBC News’ affiliate station KNBC shows multiple abandoned vehicles being destroyed by a wildfire in southern California after many residents had to evacuate for safety.
NBC News - Jan. 8
Watch: Ferocious and explosive fire burns behind CBS reporter

Flames are seen climbing trees and embers fly as wind gusts continue to fuel wildfires in LA.
BBC News - Jan. 8
Reliving the Terrifying Robbery That Left One Soccer Star ‘Lost’

Pierre-Emerick Aubameyang tells all about a career marked with chaos, mistakes and glory.
The New York Times - Jan. 7

More from MarketWatch

Treasury yields end with largest weekly declines since November ahead of Trump’s inauguration

Yields on U.S. government debt finished higher on Friday as traders weighed the inflationary impact of possible tariffs from incoming President Donald Trump. Nonetheless, market-based rates still ...
MarketWatch - 17m
David Solomon scores an $80 million bonus. Doubt surrounded his tenure at Goldman Sachs as recently as 2023.

Wall Street investment bank, whose stock price hit a record high this week, awards CEO Solomon a stock bonus set to vest in 2030.
MarketWatch - 29m
A final look at how the U.S. stock market has performed under Joe Biden

U.S. stocks are about to close out the Biden era on a high note as the president bids farewell to the White House.
MarketWatch - 29m
How the hot EV market left middle-income Americans out in the cold

Electric vehicles made up about 9% of cars sold in the U.S. last year. Even with tax credits, they were too expensive for many middle-income households.
MarketWatch - 32m
Oil prices score a 4th straight weekly gain on supply fears

Oil futures settled lower on Friday, but scored a fourth straight week of gains after wider sanctions against Russia’s energy industry tightened supply.
MarketWatch - 39m

More in Business

Bitcoin gains as Trump reportedly plans crypto executive order

Bitcoin rejoined the crypto rally amid reports that President-elect Donald Trump could release an executive order on crypto as soon as day 1.
CNBC - 7m
US stocks post best week since Donald Trump’s election win

Easing underlying US inflation pressures and strong bank earnings ‘emboldened the bulls’ on Wall Street
Financial Times - 8m
Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds

The payment stems from a 2020 change by Vanguard that led to redemptions in one class of target date funds.
CNBC - 16m
Treasury yields end with largest weekly declines since November ahead of Trump’s inauguration

Yields on U.S. government debt finished higher on Friday as traders weighed the inflationary impact of possible tariffs from incoming President Donald Trump. Nonetheless, market-based rates still ...
MarketWatch - 17m
Ahead of Trump Presidency, the Fed Quits Global Climate Network

Federal Reserve Bank officials said the decision to leave the network came after the group’s work had “increasingly broadened in scope.”
The New York Times - 18m