Uber driver uses GPS navigation. Jaden Urbi | CNBC Workers have been picking up secondary jobs to help makes ends meet amid rampant inflation. That second stream of income can also be a smart move to help workers fill income gaps after they are laid off and looking for a new opportunity. “They pick up
Personal finance
Jonathan Raa | Nurphoto | Getty Images Bitcoin has rallied amid news about possible spot bitcoin exchange-traded funds and other big names entering the digital currency space — and financial experts have tips for investors who want a piece of the action. The price of bitcoin topped $30,000 on Wednesday as traders grew bullish about
D3sign | Moment | Getty Images The recent tax season was relatively smooth compared with last year’s. But national taxpayer advocate Erin Collins still sees room for improvement as the IRS rolls out funding plan changes. “Overall, the difference between the 2022 filing season and the 2023 filing season was like night and day,” Collins
Erin M. Collins, National Taxpayer Advocate Source: IRS After a flood of business returns with a pandemic-era tax credit, the IRS is weighing guidance for those who wrongly claimed the tax break. The employee retention credit, or ERC, was created to support small businesses during the Covid-19 pandemic. There’s still time to amend returns and
The Manhattan skyline is shrouded in a smoky haze from Canadian wildfires as seen from the East River waterfront in Brooklyn, New York, June 6, 2023. Ed Jones | Afp | Getty Images Eight of the warmest years in history have all come since 2015. With an El Niño weather pattern developing, it could be
brightstars | E+ | Getty Images Small businesses are facing an onslaught of ads, phone calls and emails to help them claim a pandemic-era tax credit. However, experts urge business owners to review eligibility with a qualified tax professional. The tax break — known as the employee retention credit, or ERC — was enacted in
The United States Supreme Court Building Geoff Livingston | Moment | Getty Images The Supreme Court is expected to issue a ruling on the Biden administration’s student loan forgiveness plan this month. That decision will play a role in shaping the the financial future of 40 million Americans. If the justices greenlight President Joe Biden’s
swissmediavision | E+ | Getty Images For those who hit the road to travel this summer, there is good news: Gas prices are substantially lower than they were last year. “What a difference a year makes,” said Andrew Gross, a spokesperson for AAA, the motoring and leisure travel membership organization. As of Friday, the national
Moyo Studio | E+ | Getty Images Saving enough money to comfortably retire later in life may seem like a daunting, out-of-reach goal. But some are challenging themselves to reach that goal even sooner than usual. The FIRE movement — which stands for Financial Independence, Retire Early — is built on the idea that handling
After more than a year of steady rate hikes, the Federal Reserve held its target federal funds rate steady Wednesday. For households, however, that offers little relief from record-high borrowing costs. “It’s not like rates will go down,” said Tomas Philipson, University of Chicago economist and a former chair of the White House Council of Economic
Sam Edwards | Getty Images If you’re a freelancer, entrepreneur, or other worker who doesn’t have taxes withheld from your paycheck, a key deadline to make payments is approaching, according to the IRS. The due date for 2023 second-quarter estimated tax payments is June 15, which applies to income without withholdings, such as self-employment earnings,
Berk Ucak | Istock | Getty Images When federal student loan bills restart in September, millions of borrowers could be making their payments to a company they’ve never heard of. During the pause of more than three years on payments, several of the lenders that managed the debt for the government stopped doing so. Those