Luxury Home Boom Could Leave Regular Buyers Out in the Cold
Rich buyers are buying more and more costly properties with cash, which is driving up prices for the priciest residences in the country.
Apr 26, 2024 01:34 PM EDT
Is the IRS Watching You? Red Flags That Could Trigger a Tax Audit
When the IRS decides to examine a taxpayer's accounts and financial data to make sure they have complied with all tax regulations and declared all necessary income, this is known as an audit.
Creative Ways to Pay Down Credit Card Debt and Boost Savings
The state of the economy has grown more difficult for many people and households these days. It's gotten harder to manage personal finances because of the higher-than-expected inflation and the high-rate environment that was intended to moderate it.
Stand Out or Sit Down: Founders' Top Tips for New Entrepreneurs
In today's fast-paced startup ecosystem, understanding what makes a successful entrepreneur is gold dust. According to a recent CNBC-SurveyMonkey poll, young adults increasingly view entrepreneurship as a career path and a crucial pillar of their financial security.
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Hot Housing Market Cooling? Sell Now, But Prepare for Price Negotiation
The ideal time to sell for homeowners planning to sell this year is still in the spring, but you might want to modify your expectations.
Apr 16, 2024 02:49 AM EDT
Spenders Stay Strong: Rising Prices Don't Deter Shoppers, Should You Be Worried?
In March, Americans increased their spending faster than anticipated, demonstrating resiliency in the face of inflationary pressures and other economic difficulties.
Apr 16, 2024 12:56 AM EDT
Bucket List Spending Soars, But are We Getting Our Money's Worth?
Consumers are spending more money on experiences rather than goods. There is increased demand for concert tickets, sports event tickets, and museum exhibitions in addition to a post-pandemic spike in tourism.
Apr 15, 2024 10:49 AM EDT
Are You Eligible? A Look at the EITC for Low- and Moderate-Income Workers
The earned income tax credit, or EITC, is not available to you if your income is too high to qualify for it. You may be able to receive a sizable tax relief if you qualify.
Apr 15, 2024 06:57 AM EDT
Love and Taxes: Should You File Jointly After Getting Married?
Now that tax season has officially ended, it's never too early to start making plans for the next year. One thing you and your partner might want to consider is if you should file taxes jointly or individually.
Apr 15, 2024 05:13 AM EDT
Tax Time Trouble: Viral TikTok Advice Could Cost You Big Money
TikTok creators are sharing filing advice as tax day draws near, including advice on what sorts of items to deduct. However, financial experts advise against taking the advice that seems to be spreading on social media platforms since it may not be sound.
Apr 13, 2024 09:00 AM EDT
Don't Sweat the IRS: Here's How Likely You Are to Get Audited
In addition to helping the IRS recover money that tax evaders owe the federal government, experts say audits also play a significant role in deterring fraud.
Apr 12, 2024 09:51 AM EDT
Should You Buy a House Now? The Pros and Cons of Waiting for Lower Mortgage Rates
Should you buy a house right away or wait for potential reductions in mortgage rates? During the spring homebuying season, a lot of people are asking themselves that question.
Apr 12, 2024 10:50 AM EDT
The Dollar Milkshake Theory: What You Need to Know
A few months ago, I was visiting a financial literary conference in Harlem when someone introduced me to the "Dollar Milkshake Theory." This changed everything.
Apr 11, 2024 04:41 PM EDT
Inflation Proof Your Summer: How to Save on Camp Despite Rising Prices
Some people are experiencing financial burn as summer approaches because of inflation, which is driving up costs for everything from food to petrol. Parents who are going through sticker shock from summer camp are the most recent casualties.
Apr 11, 2024 09:50 AM EDT
College Tax Time: Unwrapping the Secrets to Bigger Refunds
While tax experts say it's excellent for college students to start submitting their own forms, parents and students should double check everything carefully before anybody presses the "submit" button.
Apr 11, 2024 09:05 AM EDT
Late Tax Filing 101: What You Need to Know About What Happens if You File Taxes Late
Whether it's due to unforeseen natural disasters - New York City earthquakres, anyone? - or an unexpectedly high balance owed, or simply not having all the necessary documents in order, the reasons for delay vary. But the consequences? They're worth paying attention to.
Apr 10, 2024 02:35 PM EDT