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Legislation reintroduced to Congress last week by a bipartisan group of lawmakers aims to change the way cryptocurrency purchases are taxed and help clear up some of the confusion over how to account for certain crypto transactions on your tax returns. By Vance Cariaga See: Taxes 2022 — Questions About Your Crypto Purchase To Ask an Accountant Before You FileFind: There’s a New Free Service for Compiling Tax Data To Report Crypto and NFTs...

Peloton, manufacturer of high-end, wi-fi enabled exercise bikes and treadmills that have built a culture and community around connected at-home fitness, announced this week that it will be building its first U.S. production facility in Troy Township, Ohio. The $400 million factory will be constructed on a 200-acre site, offering more than 1 million square feet of manufacturing, office, and amenities space, CNBC reported. By Dawn Allcot Weigh In: What’s Causing the U....

It was one of the hottest trends during the pandemic: Zoomtowns, or communities of remote workers in lower cost cities, towns and remote areas cashing big-city paychecks from top companies. By Dawn Allcot Discover: 9 Bills You Should Never Put on Autopay More: 22 Side Gigs That Can Make You Richer Than a Full-Time Job And it doesn’t seem to be going away any time soon. Pre-pandemic, less than 3% of U....

For single people, knowing exactly when to start Social Security benefits depends on a lot of factors, such as life expectancy and their retirement portfolio. But what if you are married? Social Security for married couples gets even more complicated, and there can be a lot to think about. By Bob Haegele See: 10 Reasons You Should Claim Social Security EarlyWow: Jaw-Dropping Stats About the State of Retirement in America...

If you’re applying for a mortgage loan, you no longer need to go to a physical bank and meet with a lender to get the loan you need — you can now go through the process entirely online. However, is the easier way always the better way? Not necessarily. By Gabrielle Olya Find Out: 10 Common Mortgage Mistakes That Hurt Your Finances Take a Look: Here’s How Much Mortgage Rates Have Fluctuated Over the Past Decade...

Over the past few months, the biggest rumor swirling around fast food retailer Wendy’s was when it was going to start selling the highly anticipated strawberry Frosty — its first new flavor in almost three years. However, now a potential takeover of Wendy’s led by prominent corporate raider Nelson Peltz might eclipse that delicious news, according to CNN. By David Nadelle Live Updates: Inflation and More Economic UpdatesExplore: Surprising Things You Can Buy With Food Stamps...

Blockchain has seen a staggering rise in popularity since Bitcoin, the first cryptocurrency, launched in 2010. Blockchain has a number of advantages, including decentralization and security. The demand for a decentralized currency has catapulted Bitcoin and other cryptocurrencies to worldwide popularity. By Bob Haegele The Economy and Your Money: All You Need To KnowFind Out: Where Does Cryptocurrency Come From? But blockchain has its limitations. These systems are inherently closed off from the rest of the world, which is good for security and integrity but also limits the input data they can accept....

In addition to stock and bond market information, the nightly financial news usually offers information about the currency exchange rate between the U.S. dollar and various foreign currencies, such as the euro and the British pound. This information isn’t important just to tourists heading overseas. Foreign exchange traders try to profit on movements in the market price between foreign currencies. Trading on the foreign exchange market can generate tremendous profits but can also carry significant risk....

Americans who apply for federal Supplementary Nutrition Assistance Program benefits are required to meet an extended set of eligibility criteria to qualify, and one of those has to do with income. By Vance Cariaga Food Stamps: What is the Maximum SNAP EBT Benefit for 2023?Find Out: If Your Credit Score Is Under 740, Make These 4 Moves Now SNAP, formerly known as food stamps, is a federal program administered by the U....

If you legally change your name because you got married, divorced, through court order or any other reason, you will need to notify Social Security so you can receive a corrected card. By Georgina Tzanetos Learn: How To Boost Your Social Security Benefit by $800 Discover: 6 Reasons You Won’t Get Social Security A name change will require several documents, the first of which will be proof of your citizenship. This means either a U....

You might have to make a smaller batch of cookies for Santa this year, as the price of ingredients for baking them has increased, especially if you live in San Diego. By Yaёl Bizouati-Kennedy See: Social Security: Rising Cost of Eggs, Milk and Bacon Render COLA Boost WorthlessFind: Unrelenting Inflation Wiped Out Bump in Workers’ Wages A new Hello Fresh survey finds that the California city is the most expensive one to make cookies this year, as the price of ingredients to make 100 cookies can cost $12....

David Bach is a financial expert, co-founder of AE Wealth Management and author of 10 New York Times bestsellers, including “The Automatic Millionaire,” which spent 31 weeks on the list. He is one of the only business authors in history to have four books simultaneously on The Wall Street Journal, BusinessWeek and USA Today bestseller lists. By Gabrielle Olya What advice would you give to someone who feels they are behind on their retirement savings?...

Most people habitually tip their waiters and waitresses, but what about their bartenders and Uber drivers? A lot of Americans working in the service industry aren’t getting tipped regularly or just aren’t getting tipped enough. With the federal minimum wage still sitting at a very low $7.25, the right tips can make or break someone’s budget. By Ashleigh Ray Learn: 22 Side Gigs That Can Make You Richer Than a Full-Time JobExplore: Your Biggest Money Etiquette Questions Answered...

Looking for work in the best of times is a stressful, frustrating process filled with anxiety, rejection and the sinking feeling that it might never end — and these are hardly the best of times. By Andrew Lisa For older workers in the over-50 set, it only gets more complicated. Take a Look Back: 2022 Year in ReviewFind Out: 5 Things You Must Do When Your Savings Reach $50,000 The insecurity that comes with competing with younger professionals and the ageism that drives those emotions can make later-life job hunting enough to make you want to retire early whether you can afford it or not — but it doesn’t have to be that way....

Military banks and credit unions are institutions that specialize in working with active-duty members of the military — be it in the Air Force, Army, Navy, Marines or Coast Guard. By Georgina Tzanetos These banks and credit unions often can provide more flexibility to service members that civilians are not offered. These flexibilities are usually necessary in light of their jobs. For example, if an active-service member is sent on deployment, it’s understandable if they cannot meet the minimum balance requirements....

When you think about shopping at Sam’s Club, you likely think about buying grocery items in bulk — like paper towels, canned goods, juice boxes and granola bars. But the wholesale club offers some unexpected, and pretty expensive items too. By Cynthia Measom Although you won’t find tins of Beluga caviar or six-liter bottles of Veuve Clicquot at Sam’s, you can find Italian-made home appliances, luxe skin serums and even diamond jewelry priced in the tens of thousands....

Monthly dividend stocks are useful for investors in search of a source of income in the form of regular payments, which can be beneficial during retirement. Some investors may also choose to invest in monthly dividend stocks during bear markets, when the prices of their stocks are dropping. By Bob Haegele Main Street Capital Realty Income SL Green AGNC EPR Properties Apple Hospitality REIT Prospect Capital STAG Industrial See: 5 Things You Must Do When Your Savings Reach $50,000...

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Enhanced child tax credits could be in for a shorter run than anticipated amid infighting between moderate and progressive Democrats, threatening a program that was a key part of the federal COVID-19 stimulus program as well as an important element of President Joe Biden’s “Build Back Better” agenda. By Vance Cariaga Learn: Biden’s $3.5 Trillion ‘Build Back Better’ Plan Could Be Slashed to $1.9 Trillion — What’s Still in Play? Social Security FYI: Will Stimulus Payments and Child Tax Credit Affect Your Benefits?...

Americans eat approximately 50 billion burgers a year, according to Work + Money. That equals about 3 burgers per week, or 153 burgers per year, for every person in the U.S. The multi-billion dollar hamburger industry is highly competitive, but there are a few leaders that stand out from the crowd. By David Nadelle Learn: Does Burger King Take SNAP EBT Cards?Find Out: 5 Things You Must Do When Your Savings Reach $50,000...