fizkes | iStock | Getty Images If you’re fretting about your 2021 tax bill, financial experts say there may be a chance to slash your balance before April 18, the deadline for most filers. With limited options after year-end, taxpayers may still have a few possibilities, said certified financial planner David Haas, president of Cereus
Personal finance
Getty Images If your teen or adult child in college has been dabbling in stocks or cryptocurrency, their gains may trigger a surprise bill at tax time. That’s because of the so-called “kiddie tax,” an extra levy for parents once their child’s investment income — capital gains, dividends and interest — exceeds a certain threshold.
krisanapong detraphiphat | Moment | Getty Images American consumers reported losing more than $5.8 billion to fraud last year, up from $3.4 billion in 2020 (an increase of more than 70%), the Federal Trade Commission said Tuesday. Almost 2.8 million consumers filed a fraud report to the agency in 2021 — the highest number on
Images By Tang Ming Tung | DigitalVision | Getty Images While scores of American spring breakers will soon descend on Florida hot spots like Daytona Beach and Panama City as well as other balmy U.S. destinations, many will instead opt for some fun in the sun in the foreign climes of Mexico and the Caribbean.
Marko Geber | DigitalVision | Getty Images U.S. stocks are slipping as investors weigh rising tension between Russia and Ukraine. The Dow Jones Industrial Average slipped more than 270 points Tuesday as traders weighed how the ongoing situation between Russia and Ukraine would impact the global economy. The S&P 500 Index, meanwhile, fell about 0.6%
damircudic | E+ | Getty Images As the IRS struggles with a backlog of millions of returns, the agency has temporarily stopped sending out more than a dozen types of automated notices, including some for unpaid taxes. However, a suspended notice doesn’t mean interest stops accruing on outstanding balances, said National Taxpayer Advocate Erin Collins
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Friday pledged a crackdown on student loan servicers that flout rules on loan forgiveness for public servants. The government agency said it “plans to prioritize” oversight of student loans in the coming year, with a “specific focus” on monitoring how servicers are engaging with
PeopleImages | iStock | Getty Images There was a time not too long ago when holding “AMT-free” municipal bond funds might have made perfect sense for many investors. These days? Maybe not so much. With a small share of taxpayers subject to the alternative minimum tax, or AMT, since a federal tax overhaul took effect
Russell Toll and his wife, Heidi, when he returned from service in Iraq in 2009. Russell Toll When the child tax credit checks started to be delivered in July of last year, Russell Toll saw it as an investment in his family. With the help of the credit, the Dallas-area resident was able to speed
Getty Images The Covid-19 pandemic has prompted millions of Americans to put plans, including weddings, on hold. As 2022 unfolds and, we hope, the worst of the pandemic is behind us, nuptials are expected to take place in record numbers. The Wedding Report, a wedding market research firm, projects there will be 2.5 million weddings
PeopleImages | E+ | Getty Images The Social Security Administration recommends beneficiaries visit its website as the first stop for service as the agency works to reopen its field offices. But many people are reluctant to apply for benefits online. Only about half of retirees have used that method since 2013, according to the Center
U.S. speed skater Apolo Ohno competes in the 2010 Winter Olympics at Pacific Coliseum in Vancouver, Canada. Jamie Squire | Getty Images Sport | Getty Images When Olympic speed skater Apolo Ohno hung up his skates for good in 2010, finding a path forward wasn’t exactly easy for him. In fact, the eight-time medalist calls