Tom Werner | DigitalVision | Getty Images There’s a growing list of essential things for taxpayers to know as the IRS embarks on a challenging season with limited staffing and a backlog from 2021 that’s still millions of returns deep. There were 6 million unprocessed individual returns as of Dec. 31, according to the IRS,
Lauren Niesz purchased a new home with her boyfriend in January after they were able to save more cash during the pandemic. Source: Lauren Niesz Like many people forced to work from home after the onset of the Covid-19 pandemic, Lauren Niesz, 26, found the conditions were not necessarily ideal. Niesz, who rented a townhouse
NFL commissioner Roger Goodell Kirby Lee-USA TODAY Sports | Reuters The National Football League lobbied the Securities and Exchange Commission on “issues related to blockchain technology” from July through December last year, according to disclosure reports. Records indicate that the lobbying campaign represents the first time the NFL has attempted to influence the government agency
Andrew Harrer | Bloomberg | Getty Images Zillow shares soared as much as 20% in extended trading on Thursday after the digital real estate company said it’s getting out of the home-flipping business more quickly and economically than it previously expected. Zillow’s fourth-quarter earnings report follows a disastrous stretch for the company, after an attempt
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters Several Federal Reserve officials, both privately and publicly, are pushing back against calls by St. Louis Fed President Jim Bullard Thursday for super-sized rate hikes, and instead suggesting the central bank is likely to embark initially on a more measured path. The
Throughout the pandemic, 529 college savings plans have only gained momentum — even as higher-education enrollment numbers sank. In 2021, the average account size jumped to a record of $30,287, according to the College Savings Plans Network, or CSPN. Total investments in 529s also reached a record $464.3 billion last year, up nearly 10% from 2020. More
The economic harms of the gross receipts tax (GRT) were well understood by the early 20th century. Not only is the tax inequitable, but it is also inefficient and distortionary. That is why most states abandoned GRTs in the early 1900s, as states developed the capacity to administer less harmful taxes. Unfortunately, some policymakers in
In this article NFLX DIS 6758.T-JP Krysten Ritter, Finn Jones, Charlie Cox and Mike Colter star in Netflix’s “The Defenders.” Netflix Netflix’s suite of Marvel-branded television shows will be leaving the streaming service. Eagle-eyed viewers spied a message on the platform, which informed subscribers that “Daredevil,” “Jessica Jones,” “Luke Cage,” “Iron Fist,” “The Punisher” and
Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey. Gabby Jones | Bloomberg | Getty Images Affirm stock dropped as much as 26% on Thursday after the company reported second-quarter results ahead of schedule. Here’s how the company did versus Refinitiv consensus expectations for
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Friday the Federal Reserve is failing in its battle against a spike of inflation, and the central bank is slated for accelerating rate hikes this year. “The Fed is obviously
Taiwanese ethnicity man looking at the home budget and sorting out bills using his laptop in his cozy living room SrdjanPav | E+ | Getty Images Americans are feeling the impact of surging inflation, which doesn’t appear to be easing up anytime soon. For many, that means it’s a good time to revise the family
Alabama lawmakers are acting to ensure that federal relief from the American Rescue Plan Act (ARPA) does not increase tax liabilities in the state. Senate Bill 152, which addresses the issue, recently passed and has been referred to the Ways and Means Committee. This unusual issue is a consequence of Alabama offering a state-level deduction