Only 1-in-5 tax filers claim a little-known tax credit called the Saver’s Credit (Retirement Savings Contributions Credit). There are others, too. 5 Tax Deductions Commonly OverlookedEarned Income Tax CreditSaver’s CreditTaking Care of a Friend or RelativeCamp or Sports Camp Education Expenses Graphic: Tax Tip of The Day: 5 Commonly Overlooked Tax Deductions Watch the video above, Lisa… Continue reading 5 Tax Deductions Commonly Overlooked
Tax Refund Less Than Expected? Here’s Why
Were you among the lucky 2022 tax filers to already receive a tax refund? Perhaps, tax filers have taken advantage of hidden refunds. Regardless of why they are getting it, there are nearly 52 million tax filers who have already received refunds. According to the Internal Revenue Service (IRS) refunds total $171 billion 2021 tax year… Continue reading Tax Refund Less Than Expected? Here’s Why
Dependent tax deduction: tax exemptions and deductions for families
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. As a family, you may have access to more tax deductions and credits than taxpayers without children. If you’re not aware of these deductions and credits, you may… Continue reading Dependent tax deduction: tax exemptions and deductions for families
Homeowners Rush to Unload Properties as Rates Rise
Rising mortgage rates could lead potential home buyers to shun the market, avoiding exorbitant interest payments. As a result, homeowners interested in selling are rushing to dump their domiciles before possible buyers run away, The Wall Street Journal reports. The Federal Reserve in March began its campaign to raise interest rates, with a 0.25-percentage-point move.… Continue reading Homeowners Rush to Unload Properties as Rates Rise
Stock Market Today: Stocks Fall as Fed Lays Out Tightening Plans | Kiplinger
Stock Market Today Fed minutes show tentative plan for reducing the central bank’s balance sheet, some officials’ willingness to raise rates 50 basis points at a time.The major U.S. indexes continued to radiate anxiety on Wednesday heading into and after the afternoon release of the Federal Open Market Committee’s most recent minutes. At last month’s… Continue reading Stock Market Today: Stocks Fall as Fed Lays Out Tightening Plans | Kiplinger
5 First-Rate Retail Stocks the Pros Love | Kiplinger
It hasn’t exactly been smooth sailing for retail stocks so far in 2022 – but a comeback could be in the cards. True, retailers have continued to feel the heat of the macroeconomic headwinds, including inflation and supply-chain disruptions. And rising commodity prices due to the conflict between Russia and Ukraine only adds to the… Continue reading 5 First-Rate Retail Stocks the Pros Love | Kiplinger
US stocks fall in choppy trading after Fed indicates monthly balance sheet reduction of $95 billion
US stocks fell on Wednesday after minutes from the Federal Reserve revealed likely plans to lower its balance sheet. The Fed said it expects to roll off $95 billion worth of Treasuries and mortgage bonds each month. The balance sheet reduction could begin in May, along with a likely 0.50% rate hike, according to the… Continue reading US stocks fall in choppy trading after Fed indicates monthly balance sheet reduction of $95 billion
The EU has paid Russia $38 billion for energy since the Ukraine war began. Now it’s considering escrow accounts to freeze the Kremlin’s revenue
The European Union has paid $38 billion for Russian energy since Vladimir Putin launched a war on Ukraine, a top EU official said. But the EU is weighing possible escrow accounts for Russian oil and gas payments. Treasury Secretary Janet Yellen said the suggestion is constructive, and the US could consider it. Loading Something is… Continue reading The EU has paid Russia $38 billion for energy since the Ukraine war began. Now it’s considering escrow accounts to freeze the Kremlin’s revenue
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