Author: administración

Key PointsThe average tax refund is $3,742 as of Feb. 27 – up 10.6% from $3,382 at the same point in 2025, according to the IRS.New deductions from President Trump’s tax legislation (covering tips, overtime, seniors, and auto loan interest) are boosting refunds for eligible filers this season.This early data may change throughout the rest of tax season. Tax refunds are running more than 10% larger this filing season, the IRS reported, with the average individual refund reaching $3,742. That’s up from $3,382 at roughly the same point in 2025.The increase is being driven in part by new deductions signed…

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Due to the U.S. and Israel’s bombing of Iran, oil prices temporarily shot up to $120 per barrel (WTI crude). If the Strait of Hormuz gets completely shut down, perhaps oil prices might go to $150+ a barrel. This would create a tremendous tax on consumers everywhere. With yet another increase in a core living expense, survival has gotten even harder for all but the rich. Perhaps the world will be safer in the long run, but in the short run, simply keeping your head above water might be in order. Meanwhile, if you are an investor, your stock portfolio may…

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Key PointsTrump accounts are structured as traditional IRAs for minors, with a $5,000 annual contribution limit (inflation-adjusted) from parents, employers, nonprofits, and governments.Children born between 2025 and 2028 are eligible for a one-time $1,000 government contribution into a Trump account.The most powerful long-term move: converting the account to a Roth IRA around age 22, when most young adults are in their lowest lifetime tax bracket, locking in decades of tax-free growth. When most Americans think of investment accounts for their kids, they picture a 529 plan or a custodial brokerage account. Starting this year, there is a new option: Trump…

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