The basics of tax filing never change. Every year, you must declare all of your earned income, claim any deductions or credits you’re entitled to, and ensure that you’ve paid the appropriate tax. By John Csiszar But some of the specifics of tax filing are subject to change from year to year. For example, the income levels assigned to each tax bracket tend to change and, in some years, the actual tax rates themselves may also change....
Target’s a store that’s known for carrying a little bit of everything. So much so that quick trips for fabric softener often turn into $200 shopping sprees happen so frequently that it’s become a running gag. Of course, when you offer a little bit of everything, it’s inevitable that the options will start lacking a bit of variety when it comes to selection. By Christian Long Dollar Tree: 5 High-Quality Items To Buy NowFind Out: This Credit Score Mistake Could Be Costing Millions of Americans...
For 2021, the IRS extended the income tax due date for millions of Americans. For most people taxes were due back in May. However, if you requested and received an extension, your final deadline to file is today, Fri., Oct. 15. By Georgina Tzanetos See: How To Do Your Taxes Last Minute If You Filed an ExtensionFind: Everything You Need To Know About Taxes Leading Up to the Extension Deadline...
Traditional routes of generating money during retirement (as commonly suggested by financial experts) include taking advantage of your 401(k) and receiving — and maximizing — your Social Security payments. While these are both efficient and common methods of generating income, an increasing body of evidence is indicating, for many Americans, that more funds will be necessary. By Georgina Tzanetos See: 6 Shakeups to Social Security Expected in the New YearFind: How To Invest In Precious Metals To Protect Your RetirementSocial Security: No Matter Your Age, Do Not Claim Benefits Until You Reach This Milestone...
Rising interest rates make borrowing more expensive and debt more burdensome — and the rates are rising fast. By Andrew Lisa Before 2022, the Fed hadn’t increased its benchmark interest rate since 2018. But, in March, high inflation forced a rate hike of .25%. Then in May, the Fed doubled its last hike with a .50% increase. In June, the central bank got even more aggressive with a .75% increase — the biggest hike since 1994....
The year is coming to an end, and for some, that means it’s bonus season. Annual reviews are approaching, and this is a crucial time to prove your worth and get that bump in salary. By Sam DiSalvo Explore: Your Biggest Money Etiquette Questions AnsweredLearn: 5 Things You Must Do When Your Savings Reach $50,000 Have you done enough work throughout the year to earn you that extra cash in your paycheck?...
The term “metaverse” was coined by author Neal Stephenson in 1992, painting with astounding accuracy a picture about technology that would eventually leave the fictional realm. Little did he know his sci-fi concept would permeate the real world and end up getting so much attention from businesses and investors across the globe. The metaverse is gaining more steam by the minute, and many big names in the stock market are getting involved....
Whether you’re charging into 2022 with a full head of steam or barely limping away from 2021, it’s time to regroup, reassess and make a plan for the new year. With one of the most dramatic years on record now in the books, now is the time to take what you learned over the last 12 months and apply it to your financial life in the 12 that are coming up the pipeline....
The Internal Revenue Service (IRS) is coming under fire from charitable organization regulators, Congress and its own independent overseer for an inability to properly identify fraudulent applications and for approving phony charities to claim tax exemption status. By David Nadelle Zelle Facebook Marketplace Scam: How To Recognize and Avoid This ScamStudent Loan Forgiveness: Mark These 4 Dates On Your Calendar Now A recent fraud investigation and two new Treasury Inspector General for Tax Administration (TIGTA) reports on the IRS’s screening and operations processes are raising concerns about whether the IRS has the capability to perform its important charity “gatekeeping” task and whether it should continue to....
If you’re out running errands and need cash, you might wonder, “Does Walgreens do cash back?” The answer is yes; the drugstore chain does offer cash-back options. Read on to find out how cash back works at Walgreens. By Diane Fogle Cash-Back Options Cash Back at Checkout See: 3 Ways Smart People Save Money When Filing Their Taxes How Can You Get Cash Back at Walgreens? The term “cash back” can be used for several different things, like rewards from a credit card, in-store credit, or adding a dollar amount to the bill for a purchase and receiving it back in cash from the register....
DoorDash delivery drivers earn money by picking up and delivering orders from local businesses like restaurants, grocery and convenience stores, pet stores and flower shops. As self-employed gig workers, the drivers, aka Dashers, work when they want and as much or as little as they want. Most drivers won’t replace a full-time job driving for DoorDash, but you could bring in enough cash in your spare time to make a real difference in your budget....
While many people rave about the benefits of credit card rewards, few people utilize the perks associated with their debit cards. By Crystal Mayer Debit cards are usually issued by your bank or credit union for free when you open a checking account and come with many of the same benefits as credit cards. Better yet, they deduct money straight from your account, ensuring you stay on budget with all of your purchases....
The turning over of a calendar year brings the hopeful promise of a healthy tax return come the spring. However, constant economic anxiety and heavy holiday spending have Americans looking to fix their battered balance sheets sooner rather than later. By David Nadelle There are trusted ways to ensure you get your refund early, like e-filing, signing up for direct deposit and filing early (and without errors). Although the pandemic upset normal payout delivery operations, the IRS is generally quick in issuing tax refunds — usually between 10 days and three weeks from filing....
Federal legalization of marijuana is inching closer to reality, following Rep. Nancy Mace’s introduction of a bill that would decriminalize it and regulate it like alcohol. However, some marijuana operators are still focusing on certain states to help advance reforms. By Yaёl Bizouati-Kennedy See: 7 Best Marijuana Stocks of 2021Find: How Much States Make From Marijuana Tax Revenue “Today, only 3 states lack some form of legal cannabis. My home state of South Carolina permits CBD, Florida allows medical marijuana, California and others have full recreational use, for example,” Mace said in a statement on Nov....
Long the gold standard for most lenders to determine credit worthiness, the FICO score’s influence is slowly fading and major lenders are instead looking to in-house and alternative evaluations. By Georgina Tzanetos Learn: Why Having a Perfect Credit Score Is OverratedRead: What Is a Good Credit Score? Dating back to 2012, a Consumer Financial Protection Bureau report stated that “when a consumer purchases a score from a nationwide consumer reporting agency, it is likely that the credit score will not be the same as the score used by a particular lender or other commercial credit report user in making a lending to other score-based decision with respect to that consumer....
Along with the many things people would like to leave in 2021, skyrocketing gas prices are high on the list. Unfortunately, the unrelenting increase does not seem to be slowing down any time soon. By Georgina Tzanetos See: Which Really Costs More: Charging an EV or Filling Up Your Tank With Gas? Find: Cheap Gas: How Come Costco & Walmart Have Such Low Prices on Gas? According to the U.S. Energy Information Association, U....
Congress reached a deal on temporary government funding via a new bill passed just hours ahead of the Dec. 3 deadline to avoid a government shutdown. The House is expected to pass the legislation on the afternoon of Dec. 2, legislation which would fund the government through February 18, 2022, per House Appropriations Committee Chair Rosa DeLauro. By Georgina Tzanetos See: Government Shutdown 2021: The Difference Between Dec. 3 Stopgap Bill Expiration and Dec....
There’s no denying the value warehouse stores such as Costco have for American consumers. After all, where else can you spend a day getting your tires changed, enjoying a cheap lunch, shopping for groceries for the month and filling your prescriptions? By Jami Farkas Read: 9 Bills You Should Never Put on AutopayMore: If Your Credit Score Is Under 740, Make These 4 Moves Now And while Costco has unbeatable prices on many items, that doesn’t mean everything you buy will save you money....
When you don’t want to make dinner or are craving a certain menu item, your favorite local restaurant always takes care of you, and you want to return the favor. The COVID-19 pandemic hit the restaurant industry hard, and while things are looking brighter, staying afloat is still challenging for many eateries. By Jennifer Taylor Social Security: Why Not Everyone Will Get An 8.7% COLA Increase in 2023Read More: If Your Credit Score Is Under 740, Make These 4 Moves Now...
This was the year of the side hustle, and if you want to read about the power of multiple revenue streams, you won’t have to look far to find one. But, if working more isn’t an option or if a side hustle just isn’t in the cards, you can compound the income you already receive and grow what you have in 2022 without getting a raise or putting in a single extra hour of work....
