Kate Dore
Personal Finance Reporter at CNBC
Personal finance reporter @CNBC. CERTIFIED FINANCIAL PLANNER®. Expert snacker. 🏳️🌈 [email protected]
Articles
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3 weeks ago |
nbcnews.com | Kate Dore
The average 401(k) plan savings rate recently notched a record high - and the percentage is nearing a widely used rule of thumb. During the first quarter of 2025, the 401(k) savings rate, including employee and company contributions, jumped to 14.3%, according to Fidelity's quarterly analysis of 25,300 corporate plans with 24.4 million participants.
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3 weeks ago |
cnbc.com | Kate Dore
Speaker of the House Mike Johnson, R-La., speaks to the media after the House narrowly passed a bill forwarding President Donald Trump's agenda at the Capitol on May 22, 2025. Kevin Dietsch | Getty ImagesAs Senate Republicans debate trillions of tax breaks advanced by the House, some business owners could be blocked from part of the proposed windfall, policy experts say.
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3 weeks ago |
cnbc.com | Kate Dore
Vera Livchak | Moment | Getty ImagesAs the Senate debates President Donald Trump's multi-trillion-dollar tax and spending package, there could be changes to the child tax credit, policy experts say. If enacted as drafted, the House-approved bill would make permanent the maximum $2,000 credit passed via Trump's 2017 tax cuts — which could otherwise revert to $1,000 after 2025 without action from Congress. The highest credit would also rise to $2,500 from 2025 to 2028.
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3 weeks ago |
cnbc.com | Kate Dore
Staff members remove a sign following a press conference after the House passage of the tax and spending bill, at the U.S. Capitol on May 22, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesHouse Republicans passed a multi-trillion-dollar tax and spending package after months of debate, which included many of President Donald Trump's priorities. Now, policy experts are bracing for Senate changes as GOP lawmakers aim to finalize the "big bill" by the Fourth of July.
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4 weeks ago |
nbcchicago.com | Kate Dore
• For 2025, the Section 199A deduction for qualified business income, or QBI, is worth up to 20% of eligible revenue, with some limitations. • This applies to so-called pass-through businesses, including sole proprietors, partnerships and S-corporations, along with some trusts and estates. • The House Republican bill would make the deduction permanent, raise the maximum tax break to 23% and make changes to the phase-outs.
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The average 401(k) plan savings rate recently hit a new record high, according to @Fidelity — and the percentage is nearing a widely-used benchmark. https://t.co/D3DeItMc8Z
RT @CNBC: House GOP passed trillions in tax cuts. How Trump's 'big bill' could change in the Senate https://t.co/y7ufkG5JeW
Did you miss the House Republicans' early morning vote to advance Trump's multi-trillion-dollar tax package? Here's a breakdown of some of the key provisions from @CNBC's personal finance team. https://t.co/6W5ui1gcvU
