The financial news that actually matters
EchoStar and its subsidiary DISH DBS are racing to close a roughly $22.65 billion spectrum sale to AT&T while simultaneously managing a prepackaged bankruptcy process that began with a restructuring support agreement signed on March 19, 2026. The twin transactions represent the company’s clearest path to shedding billions in debt, but several conditions and regulatory…
Freelancers, sole proprietors, and other self-employed workers paying their own health-insurance premiums can subtract the full cost from taxable income without filing an itemized return. The deduction, codified in Section 162(l) of the Internal Revenue Code, functions as an above-the-line adjustment reported on Schedule 1, line 17, bypassing the 7.5% of adjusted gross income floor…
Federal prosecutors in New Jersey are moving to dismiss all charges against Matthew Brent Goettsche, the man they accused of masterminding the BitClub Network, a cryptocurrency fraud scheme that took at least $722 million in bitcoin from investors. Three co-defendants have already pleaded guilty. The reversal, after years of building what appeared to be a…
Working parents filing their federal taxes can reduce what they owe by as much as $1,050 for one qualifying child’s daycare, a figure set by a credit formula that has not kept pace with what families actually pay for care. The Child and Dependent Care Credit applies a percentage of up to 35 percent to…
DISH DBS Corporation, the satellite television subsidiary of EchoStar Corporation, filed for Chapter 11 bankruptcy protection in mid-March 2026, seeking to restructure roughly $10 billion in debt while its pay-TV subscriber base continues to shrink. The filing landed in the Southern District of Texas under Case No. 26-90627, and it followed a Restructuring Support Agreement…
JPMorgan Chase, Citigroup, and Wells Fargo will all release second-quarter 2026 earnings on Tuesday, July 14, with options traders pricing in potential single-day stock moves of up to 6 percent around the prints. The concentrated schedule, with results dropping between 7:00 a.m. and 8:00 a.m. ET, means that within roughly 60 minutes the market will…
Americans who hold health savings accounts and reach age 65 can pull money out for groceries, travel, or any other non-medical expense without facing the 20 percent additional tax that younger account holders owe on such withdrawals. The rule is written directly into federal tax law at 26 U.S.C. Section 223(f)(4), which carves out an…
A business that buys a piece of equipment today can, under federal tax law, deduct its full cost on the same year’s return rather than spreading the expense across multiple years of depreciation. That single-year write-off, authorized by Section 179 of the Internal Revenue Code, turns on a precise trigger: the asset must be “placed…
Thousands of Arizona car buyers are receiving refund checks after federal and state regulators found that a Phoenix-area dealership tacked hidden fees onto vehicle purchases and leases. The Federal Trade Commission is mailing 5,790 checks totaling more than $2.3 million to consumers harmed by Coulter Motor Company’s undisclosed add-on charges. The payments, which began going…
Self-employed workers gained the ability to shelter up to $70,000 in a solo 401(k) for the 2025 tax year, a figure that rises to $72,000 for 2026. But the actual amount any sole proprietor can contribute depends on a math formula that often pushes the effective cap well below those headline numbers, especially for earners…