A new tax deduction recognizes more of the real-world costs of supporting students both inside and outside the classroom.

Lifetime gifting of your stock or other business interest (such as a partnership interest, if your business is not incorporated) refers to a formal or an informal plan of giving your interest in a business directly to other individuals, probably your children or grandchildren. As opposed to selling your business interest, giving your stock or other interest in a closely held business may have beneficial estate and income tax consequences both for you and for the beneficiaries. Lifetime gifting may also allow you to remain in control for a significant length of time.

n/a

The world feared the Iran war’s disruption of the Strait of Hormuz would trigger historically high oil prices. Yet the worst hasn’t happened, and the reasons for that may hint at a rewiring of global energy flows.

Fewer 401(k) savers are picking their own investments today than in years past. Most now hold a fund that adjusts its own mix over time or hand the account over to an advisor.