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Inflation rose 6.8% year-over-year in Nov. 2021, the largest 12-month increase in nearly 40 years. Thanks to this rising cost of living, the IRS is making a bigger-than-usual adjustment to its tax tables, The Wall Street Journal reported. By Josephine Nesbit See: Inflation Fighting: The Best (and Worst) Things To Buy Each Month To Save Money Find: American Retail Spending Could Raise Inflation as COVID Outbreak Leads to Less Dining Out...

Many people are surprised to learn that gig workers are small business owners in the eyes of the IRS, regardless of whether your gig job is your primary source of income or a side hustle. This means extra tax rules and filing as an independent contractor can get complicated. By Josephine Nesbit See: 9 Up-and-Coming Side Hustles To Consider in 2022 Find: 7 Lucrative Side Hustles for Stay-at-Home Moms GIg work is typically offered through an online platform like an app or a website and is considered any activity you do to earn income....

The IRS recommends that anyone finishing up their 2021 income tax return use the IRS Tax Withholding Estimator to make sure the right amount of tax is taken out in 2022. The online tool can be used by workers, self-employed individuals and retirees who have wage income. By Josephine Nesbit Explore: 22 Side Gigs That Can Make You Richer Than a Full-Time JobSee: 16 Budgeting Tips Every Single Woman Needs To Know...

In a year of stock market surges and increasing reliance on technology for work, school and play, Microsoft has joined Apple as the second publicly traded U.S. company with a market valuation of over $2 trillion, CNN reported today. By Dawn Allcot See: Google, Microsoft Beat Earnings Estimates Thanks To Cloud Services, Ad RevenueFind: What If You Had Invested In Apple Stock Instead of Buying the First iPhone? Saudi Aramco oil company exceeded that $2T cap earlier this year but didn’t maintain the position, sitting at $1....

Securities and Exchange Commission Chair Gary Gensler said yesterday that he is calling for a review of rules underpinning equity trading “to maintain fair, orderly and efficient markets, while ensuring we protect investors and facilitate capital formation.” By Yaёl Bizouati-Kennedy See: AMC, GameStop on Regulators’ Radar, as SEC Says it is Monitoring Meme Stocks Find: Musk’s ‘Baby Shark’ Tweet, Reddit Meme Stocks Redux & AMC Beach Banner Drive Market Frenzy – You Should Play It Cool...

Anyone searching for a new and better job in 2022 can do themselves a big favor by polishing up their tech skills. Careers related to technology dominate the rankings of best jobs in the United States, according to a new survey by Glassdoor. By Vance Cariaga See: How Workers Should Prepare for the Job Market in 2022Find: Renewed Focus on Employee Retention Needed as 4.3 Million Americans Quit Jobs in December...

Life insurance is frequently overlooked as part of a financial plan, but it can be a critical addition to your basic financial security. Part of the reason why life insurance is often maligned is that it can be hard to understand. But the basic concept is that your life insurance policy will protect you and your family against financial loss in the event you die, which is particularly important if you are the family’s primary breadwinner....

Having a poor credit score can be a major hindrance when you are trying to open a new line of credit, whether it be a new credit card, car loan or mortgage. If you’re in this boat, it’s likely you want to improve your credit score ASAP to be able to move on with your financial life. Credit repair services promise to do just that — but there are costs associated with these services, so they may or may not be worth it for you to use....

Though experts say the job market is very healthy in America, and remains one of the major keys to preventing a full-blown recession, there are still a large number of unemployed workers across the country. By Selena Fragassi See: 11 Grocery Items To Buy at Dollar TreeFind: States Whose Economies Are Failing vs. States Whose Economies Are Thriving According to the latest data from the U.S. Department of Labor, as of Nov....

New York Fashion Week was Sept. 8-12, which is followed closely by London Fashion Week, then Kansas City, then Milan, then finally Paris Fashion Week. Fashion is a global industry, and in a recent interview with Vogue Scandanavia, Greta Thunberg — the world’s unofficial spokesperson for youth activism on climate change — linked global fashion to global warming. By Andrew Lisa See: 18 Online Shopping Traps and Scams To Watch Out For Read More: The Classic Cons Behind These Digital-Age Scams...

Ask the average American which economic group they belong to, and most will say the middle class. The problem is, pinning down what “middle class” means — or any other economic class, for that matter — is not always easy. The U.S. Census Bureau doesn’t even have an official definition of “middle class.” It doesn’t offer much info on how to define lower- or upper-income classes, either. By Andrew DePietro What Determines Income Class Household Size Local Cost of Living The Bottom Line What’s more, there isn’t a lot of current data that breaks down income by class....

Your retirement benefit amount depends on how much you’ve earned over your lifetime at jobs for which you paid Social Security taxes — and the age at which you claim. You can claim Social Security benefits as early as age 62, but you’ll only receive your full benefit amount if you wait to claim until your full retirement age (FRA). By Josephine Nesbit Discover: Can I Draw Social Security at 62 and Still Work Full Time?...

You’re burned out at your job. Your productivity has dropped. It feels as if you are in a toxic environment with supervisors who don’t show you any respect or consideration. These negative emotions pile up until one day — you rage quit. By Dawn Allcot Create a Budget and Make a Plan Opt In for Child Tax Credit Monthly Consider Taking on Side Gigs Decide on Your Next Career Steps Plan Ahead: 10 Ways To Get Help Today If Your Unemployment Perks Are EndingConsider: 25 Best Startup Business Ideas To Make Money in 2021...

Have you seen ads pop up on various apps, including Instagram, saying you can earn $750 through Cash App Rewards? It seems too good to be true. By Dawn Allcot About Flash Rewards How It Works Reviews Free Money on Cash App Other Ways To Earn The truth is, the $750 Cash App reward through the Flash Rewards app is not a scam. It is a legitimate program to earn extra money in your spare time....

By Virginia Anderson Jobs That Survive a Recession See: Protect Your Financial Future With Gold and Silver Jobs That Survive a Recession Those who value job security highly are smart to look into relatively recession-proof occupations, such as public safety, education, accounting and finance, health care and skilled trades. While no company can guarantee they won’t slash their workforce, working in specific roles can reduce the risk, even during economic uncertainty....

By Selena Fragassi Discover: 11 Grocery Items To Buy at Dollar TreeMore: If Your Credit Score is Under 740, Make These 3 Moves Now This is especially prominent when it comes to holiday shopping trends. So much so that, in 2008, National Free Shipping Day became an annual celebration every December, scheduled this year for Dec. 14. The Krazy Coupon Lady has released a list of 62 stores now carrying free shipping in time for the holidays....

Starting your own small business can have many benefits, from increased flexibility to higher earning potential. However, starting a business can be expensive. Without access to large amounts of capital, it can be difficult to get your business off the ground. By Bob Haegele See Our List: 100 Most Influential Money ExpertsEnding Soon! Nominate Your Favorite Small Biz by July 25 for the Small Business Spotlight 2022 Fortunately, there are many businesses you can start very cheaply these days thanks to the internet and modern technology....

Creating New Year’s Resolutions is as much of a tradition as the holiday itself. According to Inc. Magazine, 41% of Americans create a resolution to change or modify a behavior starting on January 1. By Selena Fragassi See: 11 Grocery Items To Buy at Dollar TreeFind: Unplug These Appliances That Hike Up Your Electricity Bill But the unfortunate reality is that only 9% end up sticking to the plan. In fact, there’s usually a specific day most people end up throwing in the towel — according to the magazine, experts have now dubbed January 19 “Quitter’s Day” based on the popular pattern that shows most people give up on this same day every year....

President Joe Biden, in conjunction with the Consumer Financial Protection Bureau (CFPB), has announced new progress on so-called “junk fees” — which are hidden in everything from hotel fees to airline fees, concert fees, cable fees and bank fees — which end up costing American consumers a lot of money. By Josephine Nesbit The White House defined junk fees as “those hidden or unexpected fees that Americans pay each day that can total hundreds of dollars a month,” according to the latest fact sheet....

The Biden administration released its 2023 budget on March 28 — a budget which includes the practice of modernizing rules for digital assets. Such a move would generate $4.9 billion in revenue in 2023, according to the budget documentation. By Yaёl Bizouati-Kennedy Gas Stimulus: Live Blog Updates Find: Algorand (ALGO) Crypto: Does the Future Look Good for Investors? The new rules would also require information reporting by certain financial institutions — and digital asset brokers — for purposes of exchange of information, require reporting by certain taxpayers dealing in foreign digital asset accounts, and amend the mark-to-market rules to include digital assets....