Key Takeaways • When you e-file, it typically takes 24 to 48 hours for the IRS to accept your return. • Once your return is accepted, you are on the IRS’ refund timetable. • The IRS typically issues refunds in less than 21 days. • You can use the IRS Where’s My Refund? tool or… Continue reading Where’s My Tax Refund? The IRS Refund Timetable Explained
Guide to Unemployment and Taxes
Key Takeaways • The IRS and some states consider unemployment compensation to be taxable income, which you must report on your federal tax return. • The amount of compensation to report will be located in Box 1 of Form 1099-G “Certain Government Payments,” which your state unemployment division will issue to you. Keep this form… Continue reading Guide to Unemployment and Taxes
NFT Tax Tips for Investors and Creators
The NFT marketplace exploded in 2021, generating over $23 billion in trading volume, according to blockchain analytics company DappRadar. That total was up from less than $100 million in the year prior. And while the market has lost momentum, the IRS just cares if you made money or not. In the video above, Lisa Greene-Lewis,… Continue reading NFT Tax Tips for Investors and Creators
How to Save Money as The Economy Rebounds
Consumers are looking for every possible way to save money after facing increased inflation and higher costs, as companies grapple with a rise in labor expenses and supply chain bottlenecks. Shoppers are also looking for ways to cut costs as their bills for groceries and gasoline have been rising steadily for several months. “Consumer discretionary… Continue reading How to Save Money as The Economy Rebounds
Stock Market Today: Tech Stocks Lag as Treasury Yields Keep Rising | Kiplinger
Stock Market Today The 10-year Treasury yield rose for a sixth straight day to hit a new three-year high.Tech stocks underperformed in today’s session, much as they’ve done over the last few months. The technology sector gave back 1.4% as the 10-year Treasury yield climbed 5.2 basis points (a basis point is one-one hundredth of… Continue reading Stock Market Today: Tech Stocks Lag as Treasury Yields Keep Rising | Kiplinger
US stocks trade mixed to close a losing week as 10-year Treasury yield hits fresh 3-year high
US stocks closed mixed Friday, as investors continued to digest hawkish Fed minutes. The 10-year Treasury yield hit a new 3-year high and stocks completed a losing week. Mohamed El-Erian said the Fed is facing big challenges as it pivots to more hawkish policy. Loading Something is loading. US stocks ended mixed on Friday to… Continue reading US stocks trade mixed to close a losing week as 10-year Treasury yield hits fresh 3-year high
The Fed isn’t navigating ‘just any rate hike cycle’ and reducing its balance sheet will have a massive impact, top economist Mohamed El-Erian says
The Federal Reserve is attempting to reduce its balance sheet while also hiking interest rates, and that could cause problems, says Mohamed El-Erian. The simultaneous moves could stir massive economic disruption, according to the top economist. “This is not just any rate-hiking cycle,” El-Erian warned. Loading Something is loading. The Federal Reserve is attempting to… Continue reading The Fed isn’t navigating ‘just any rate hike cycle’ and reducing its balance sheet will have a massive impact, top economist Mohamed El-Erian says
China’s yuan is replacing the dollar and euro in Russian bank accounts amid Western sanctions, report says
Russian banks say clients are opening more accounts in Chinese yuan instead of other currencies, Kommersant reported Friday. A March survey found that large Russian banks have seen a spike in funds being converted into yuan. One bank saw an eight-fold surge in the volume of funds on accounts in yuan, and another saw a… Continue reading China’s yuan is replacing the dollar and euro in Russian bank accounts amid Western sanctions, report says