Zoom In IconArrows pointing outwards If you’re one of the millions of Americans who own cryptocurrency, there’s a key question to answer this tax season. Over the past couple of years, the IRS has stepped up crypto reporting with a yes-or-no question about “virtual currency” on the front page of your tax return. The question
staticnak1983 | E+ | Getty Images Millions of parents who’ve defaulted on their federal student loans may get part of their child tax credit seized this tax season. The federal government has long been able to collect past-due debts, like child support, owed to state and federal agencies. This occurs via the Treasury Offset Program,
Raising kids is expensive. Thankfully, becoming a parent comes with some valuable tax breaks — most notably, the Child Tax Credit (CTC). What is the Child Tax Credit? The CTC is a tax credit for parents of dependent children designed to help offset the cost of raising kids. For tax year 2021, the CTC is
Meta Platforms earnings report didn’t thrill the market and shares opened down more than 25% below Wednesday’s close.
In this article MRNA JNJ PFE Syringes and a box of Johnson & Johnson vaccine. Paul Hennessy | SOPA Images | LightRocket | Getty Images The only Johnson & Johnson facility currently making usable batches of the company’s single-shot coronavirus vaccine has temporarily halted its production, a new report said Tuesday. The Netherlands-based plant has
A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton on Tuesday slashed its financial outlook for the full year after the company announced CEO John Foley will be stepping down, as part of a broader restructuring of
A mechanic works on a motorcycle at a Harley-Davidson showroom and repair shop in Lindon, Utah, U.S., on Monday, April 19, 2021. George Frey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the fitness company soared more than 32% after the firm announced it’s replacing
After 13 years on ABC’s “Shark Tank,” Kevin O’Leary has learned a few things about what makes a great pitch. The obvious ones, he says, are to speak concisely and explain how your skillset benefits your business. But there’s something more crucial that many CEOs miss, he says: showing an understanding of the business’ finances,
Getty Images Are you expecting a tax bill for selling stocks or crypto in 2021? You may qualify for the 0% long-term capital gains rate, depending on taxable income, according to financial experts. You calculate taxable income by subtracting the greater of the standard or itemized deductions from your adjusted gross income, which are your
The White House is exploring ways to forgive federal student loan debt. Bloomberg Creative | Bloomberg Creative Photos | Getty Images Under pressure from Democrats, advocates and borrowers, the White House is looking at actions it might be able to take to forgive federal student debt. The country’s outstanding federal student loan balance exceeds $1.7
In this article PTON John Foley, CEO of Peloton. Adam Jeffery | CNBC Peloton plans to replace CEO John Foley and cut 2,800 jobs as it hopes to restructure its business amid waning demand, according to a report in the Wall Street Journal. Barry McCarthy, the former chief financial officer of Spotify and Netflix, will
The BP company logo is seen outside a petrol station on September 23, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Oil and gas giant BP on Tuesday reported a massive upswing in full-year net profit, supported by soaring commodity prices. The British energy major posted full-year underlying replacement cost