Kate Dore, CFP®, EA

My latest video and story with @jessicadickler.bsky.social cover some key Trump account questions, including funding, taxes, market impact and more.

Trump's 'no tax on tips' raises worker questions: One bartender says it feels 'too good to be true' President Donald Trump’s “big beautiful bill” includes a provision called “no tax on tips.” There are lingering questions about who qualifies for the deduction.

The “no tax on tips” provision in Trump’s “big beautiful bill” provides a deduction worth up to $25,000.

What the House Republican budget bill means for your money House Republicans advanced a multi-trillion-dollar tax and spending package that could have sweeping impacts on household finances.

Did you miss the House Republicans' early morning vote to advance President Donald Trump's multi-trillion-dollar tax package? 🥱

Here's a breakdown of some of the key provisions from CNBC's personal finance team.

www.cnbc.com/2025/05/22/w...

Aw, sorry I missed you! I’ll be there next Saturday too.

Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say Employees testified that CFPB leaders and Elon Musk's DOGE want to wind down the agency to five employees, the minimum required under law.

The Consumer Financial Protection Bureau’s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees.

Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3% The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.

Inflation increased more than expected in January. Here’s what it could mean for future interest rate cuts. www.cnbc.com/2025/02/12/c...

Trump's tax cuts are 'stuck in the mud' as Republicans split over spending Fiscal hawks are demanding deeper cuts on major tax, energy and healthcare package that would advance key Trump administration priorities.

The future of Trump’s tax cuts remains unclear as Republicans battle over spending.

www.cnbc.com/2025/02/06/t...

Trump's second term could mean the downfall of the FDIC, CFPB: Here's what that means for consumers Here's what experts say about the possible closure of the Federal Deposit Insurance Corporation or the Consumer Financial Protection Bureau.

Trump’s second term could threaten the FDIC and CFPB.

@jessicadickler.bsky.social covers what that means for consumers.

www.cnbc.com/2025/01/18/h...

Trump inauguration live updates: Day One executive orders target Alaska energy, birthright citizenship, DEI efforts President-elect Donald J. Trump plans to sign dozens of executive orders within hours of his inauguration.

Within hours of taking office, Trump is expected to sign dozens of presidential executive actions, including one to formally delay the implementation of a law that effectively bans TikTok in the United States.

One of my favorites from 2024: The historic banyan tree in downtown St. Pete.

Do you like bluegrass?

CFPB finalizes rule to remove estimated $49 billion in medical debt from credit reports Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn't ruin Americans' finances.

If you have medical debt, the final CFPB rule could boost your credit score by an average of 20 points.

Here are the details from @loriekonish.bsky.social:

www.cnbc.com/2025/01/07/c...

The Federal Reserve cuts interest rates by another quarter point. Here's what that means for you The central bank has now shaved a full percentage off its benchmark rate since September. Here's what it means for your borrowing costs.

Here’s how the Fed’s latest quarter percentage point rate cut could impact borrowers and savers.

www.cnbc.com/2024/12/18/t...

CFPB announces rule limiting bank overdraft fees The CFPB says the rule will save American consumers $5 billion annually.

The final CFPB rule could limit bank overdraft fees, which currently average around $35 per transaction. But the fate of the rule is unclear.

www.cnbc.com/2024/12/12/c...

Love it! Congrats, Steph.

Number of 401(k) plan and IRA millionaires hits record, with more millennials joining the ranks Retirement 401(k) plan account balances increased for the fourth straight quarter to reach the highest average on record, according to Fidelity.

The number of 401(k) millionaires hit a record high of 497,000 as of Sept. 30, @jessicadickler.bsky.social reports.

www.cnbc.com/2024/12/06/n...

Bitcoin to replace gold over next decade, says Bernstein Bitcoin could replace the role of gold in the economy, although it will likely be a long way ahead, per Bernstein.

With bitcoin hitting fresh highs, Bernstein's Gautam Chhugani makes the case for the benchmark cryptocurrency replacing gold, sees it reaching $200,000 late next year. www.cnbc.com/2024/12/05/b...

Bitcoin tops $100,000 as monster 2024 rally reaches new heights Bitcoin has been widely expected to reach $100,000 since the U.S. presidential election, but investors have sent it to this mark much sooner than expected.

The price of bitcoin has soared past the $100,000 benchmark for the first time ever.

www.cnbc.com/2024/12/05/b...

More employers add 401(k) plan match for those paying student loans The share of businesses choosing to offer a 401(k) plan match based on student loan payments is slowly increasing due to a law known as Secure 2.0.

If you’re struggling to pay off student loans while saving for retirement, this Secure 2.0 law could make it easier.

www.cnbc.com/2024/12/04/m...

Investors' crypto donations to charity skyrocket. Why it can be 'hugely beneficial,' expert says There's soaring interest in donating crypto to charity, according to Fidelity Charitable. Here's how those donations can pay off at tax time.

There’s been huge growth in crypto gifts to charity.

This year alone, Fidelity Charitable has accepted $688 million in crypto donations through Nov. 19, up from $49 million in 2023.

Here’s how the strategy can benefit donors and nonprofits.

www.cnbc.com/2024/12/04/d...

'Everyone wins except the IRS' with this legal charitable donation strategy, advisor says If you're donating money on Giving Tuesday, you may score a bigger tax break by gifting profitable investments. Here's what to know.

Since 2018, it’s been harder to claim a tax break for gifts to charity because most people use the standard deduction.

But if you itemize, it’s generally better donate profitable investments over cash.

www.cnbc.com/2024/12/03/g...

CNBC is on Bluesky! Check out our starter pack of anchors, reporters and other staff at CNBC that you should follow for the latest in business news.

Applying this '$1 rule' is the secret to guilt-free shopping, expert says. Here's how it works By measuring purchases by how much you will use them, you can make sure you get the most bang for your buck.

It seems like anything you could possibly want is on sale right now.

But impulse shopping can lead to big bills and regrets.

Here's how you can use a "$1 Rule" to evaluate whether a purchase is truly worth the price.

Fed officials see interest rate cuts ahead, but only 'gradually,' meeting minutes show Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace.

The Fed expects gradual interest rate cuts amid easing inflation and the strong labor market, according to November meeting minutes. www.cnbc.com/2024/11/26/f...

I’m so sorry, William.

These key 401(k) plan changes are coming in 2025. Here's what savers need to know Starting in 2025, key 401(k) plan changes enacted via Secure 2.0 could make saving for retirement easier. Here's what investors need to know.

Enacted in 2022, Secure 2.0 brought sweeping changes to the U.S. retirement system.

Some provisions will kick in next year. Here’s what to know www.cnbc.com/2024/11/23/4...

Here's how to leverage the 0% capital gains bracket as the price of bitcoin surges The price of bitcoin is surging. Here's how to leverage the 0% capital gains bracket to save on future taxes.

The income limits for the 0% capital gains brackets may be higher than you expect. How to leverage it before year-end: www.cnbc.com/2024/11/18/c...

Sad to see this near my hometown. Hope your family stays safe 😪

How Trump's win could change your health care President-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care.

Trump could have a big impact on healthcare, including Medicaid and marketplace health plans.

Here’s what to know: www.cnbc.com/2024/11/18/h...

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