Tax season opened on January 23, 2023. With fewer pandemic restrictions in place and more tax authorities back to work—including new hires at the IRS—many are hopeful that means that tax season will be a little less stressful than in the last few years. So far, that feels like it might be the case. Tax
Month: February 2023
Buyers are entering a calmer housing market, but with little incentive for homeowners with sub 3% mortgage rates to sell and 50 of the 100 largest markets expected to see inventory declines, they will continue to have a limited number of homes from which to choose. Shoppers with some flexibility in terms of when and
In this article TSLA BROS ABNB ETSY Follow your favorite stocksCREATE FREE ACCOUNT CNBC’s Jim Cramer on Wednesday gave young investors a list of stocks he believes should be on their shopping lists. “If you’re a younger investor, you need to take some risk in your portfolio — that’s how you have a chance to
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple missed expectations for revenue, profit, and sales for many of its lines of business on Thursday, sending the stock lower in extended trading. Apple’s overall sales for the holiday quarter were about 5% lower than last year’s, the first year-over-year sales decline since 2019.
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done, arguing that a lack of regulation enabled wretched excess and a gambling mentality. “A cryptocurrency is not a currency,
Tim Bieber | Photodisc | Getty Images Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published by Limra, an insurance industry trade
Jeffrey Coolidge | Photodisc | Getty Images Black Americans are roughly three to five times more likely to face an IRS audit than other taxpayers, according to a new study. While there isn’t evidence of explicit discrimination from the IRS or its revenue agents, the findings show the disparity stems from a faulty software algorithm
Cryptocurrency Donations More Complicated Donating cryptocurrency and getting a charitable contribution deduction has just gotten more complicated and costly as a result of a new IRS pronouncement. If Taxpayer A donates cryptocurrency for which a charitable contribution deduction of more than $5,000 is claimed, a qualified appraisal is required under section 170(f)(11)(C) to qualify for
Today’s Social Security column addresses questions about the effect of rolling a public pension over into an IRA, survivor’s benefits and the earnings test and how military credits can be applied to benefit amounts. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See
An abundance of palaces in Spain are places to visit. Time capsules of history to experience and explore. But in the Basque town of Getxo in greater Bilbao, there’s currently one being sold as several separate residences or apartments. Designed by architect Leonardo Rucabado in 1918 at the behest of a local industrialist, the …
Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. The housing market hasn’t seen the rate with a five handle since a brief blip
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Images Sport | Getty Images
In this article GWW COIN OKTA APD META LLY FSLR ALGN FDX Follow your favorite stocksCREATE FREE ACCOUNT The Commission took issue with Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Meta — The
In this article RACE RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday reported full-year profits up 13% year over year and guided to an even stronger
Constantine Johnny | Moment | Getty Images Tax season has begun, and it typically comes with a big uptick in tax-related scams. There were nearly 7.8 million reports of suspicious activities in 2022, according to a recent report from the Identity Theft Tax Refund Fraud Information Sharing Mission & Analysis Center, a partnership between the
AsiaVision | E+ | Getty Images Most Americans can file their taxes for free — but many don’t seize the opportunity. Roughly 70% of taxpayers qualify to use IRS Free File, but only 2% used it during the 2022 filing season, according to the National Taxpayer Advocate’s annual report to Congress. A public-private partnership between
Share to Facebook Share to Twitter Share to Linkedin Washington’s runaway spending is highlighting the seemingly unstoppable growth of the big entitlement programs: Social Security, Medicare and Medicaid. Moreover, the trust funds for Social Security and Medicare are headed for insolvency. These looming disasters are prompting plenty of proposals on what to do: raise eligibility
It won’t be long before the IRS releases its proposal for how to use the almost $80 billion in supplemental funding that Congress granted it over the next 10 years in the Inflation Reduction Act (IRA, P.L. 117-169). The plan is supposed to be out in mid-February. Although more than half of the $80 billion
Do buyers tell their agents the truth about what they want? The phrase “Buyers are liars” was one of the first I learned when I entered the real estate brokerage business forty years ago, and it has stuck with me for a variety of reasons. 3 But second, and perhaps ultimately more important, the phrase
Greenwashing should be seen as a positive sign that companies are moving in the right direction, according to the founder of British energy firm Ecotricity. “It’s everywhere,” Dale Vince told CNBC’s Tania Bryer in a recent interview. “But you know, I take it as a good thing. People say to me, ‘oh, there’s greenwashing, it’s