For information on the third coronavirus relief package, please visit our “American Rescue Plan: What Does it Mean for You and a Third Stimulus Check” blog post. Key Takeaways • In 2021, the IRS allows all taxpayers to deduct their qualified unreimbursed medical care expenses that exceed 7.5% of their adjusted gross income. Our TurboTax… Continue reading Are Medical Expenses Tax Deductible?
Tax deductions: 9 things you didn’t know about
1. Sales taxesYou have the option of deducting sales taxes or state income taxes off your federal income tax. In a state that doesn’t have its own income tax, this can be a big money saver. Even if you paid state taxes, the sales tax break might be a better deal if you made a… Continue reading Tax deductions: 9 things you didn’t know about
Bitcoin 2022 conference: Peter Thiel’s rant, Cathie Wood’s $1 million price target and a ‘laser eyes’ bull take spotlights at the annual crypto event
The Bitcoin 2022 conference in Miami heard from some of the leading voices in the investment community. Cathie Wood backed her view that bitcoin will go to $1 million, and Michael Saylor said Biden has given the “green light” to bitcoin. Peter Thiel took aim at Warren Buffett for his criticism of bitcoin. Loading Something… Continue reading Bitcoin 2022 conference: Peter Thiel’s rant, Cathie Wood’s $1 million price target and a ‘laser eyes’ bull take spotlights at the annual crypto event
Shark Tank’s Kevin O’Leary breaks down his crypto portfolio and explains how his metaverse bets are based on the economics of Web3
In an exclusive interview with Insider, “Shark Tank” investor Kevin O’Leary explained his strategy for investing in the nascent digital landscape. O’Leary said he applies his decades of experience as an index and stock investor to his crypto and metaverse portfolio. He also said he sees bitcoin, solana, and other cryptocurrencies as software and not… Continue reading Shark Tank’s Kevin O’Leary breaks down his crypto portfolio and explains how his metaverse bets are based on the economics of Web3
Europe is banning imports of Russian coal, but has stopped short of banning oil and gas. Here are 3 charts to explain why.
The EU announced sanctions on Russian coal imports Wednesday, its first ban on fossil fuels. Fossil fuels accounted for 62% of the EU’s imports from Russia in 2021, or 98.9 billion euros’ worth. As more EU members call for an outright ban on fossil fuels from Russia, here’s a look at where the bloc gets… Continue reading Europe is banning imports of Russian coal, but has stopped short of banning oil and gas. Here are 3 charts to explain why.
Russia partially pulls back emergency interest rate hike as the ruble rebounds and foreign-exchange reserves grow
Russia’s central bank lowered its key interest rate to 17% from 20% after an unscheduled meeting Friday. Policymakers cited a slowdown in inflation, helped by the ruble’s recovery. The ruble has stabilized to pre-invasion levels, but strict capital controls remain in place. Loading Something is loading. The Russian central bank trimmed its benchmark interest rate… Continue reading Russia partially pulls back emergency interest rate hike as the ruble rebounds and foreign-exchange reserves grow
US stocks trade mixed as Fed fears and war in Ukraine push indexes toward a losing week
US stocks were mixed at the open on Friday as investors digest signals from the Federal Reserve. The S&P 500 is on pace for a losing week, and its worst weekly performance in a month. Markets continue to monitor developments in Ukraine, as well as signals from the central bank. Loading Something is loading. US… Continue reading US stocks trade mixed as Fed fears and war in Ukraine push indexes toward a losing week
When Can You Claim a Tax Deduction for Health Insurance?
We all know how expensive healthcare can be, so being able to claim a tax deduction for some of your insurance costs can help you save come tax time. Since there are specific rules and qualifications you must follow, here’s an overview of when you can and cannot claim a deduction on your health insurance.… Continue reading When Can You Claim a Tax Deduction for Health Insurance?
Recent Post
