Bizarre Tax Deductions You Might Actually Claim
While many tax deductions are well-known, such those for business supplies and charity contributions, some are less well-known. Here's a look at how tax deductions operate and three that you might find surprising as tax season approaches.
Apr 16, 2024 6:04 AM EDT
Inflation Hedge or Hype? Weighing the Pros and Cons of Owning Gold
Many were dismayed by a study released last week that showed inflation was increasing month over month, but it also highlighted how important it is to have a diverse portfolio. With one, investors can more effectively counteract the negative effects of rising interest rates intended to control inflation. Using gold and silver to diversify is also a good strategy.
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.
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.
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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 6:57 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 5:13 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 9:00 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
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 9:51 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 4:41 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 9:50 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 9:05 AM EDT
Budget Like a Boss: Zero-Based Budgeting Explained
Zero-based budgeting has become a popular spending trend because to the increase in social media users who share their spending patterns.
Apr 11, 2024 3:26 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 2:35 PM EDT
Compare Before You Commit! FCC Mandates Clearer Internet Pricing to Save You Money
Thanks to new regulations the Federal Communications Commission approved this week, "broadband labels" for internet packages will soon reveal exactly what goes into the price of your subscription.
Apr 10, 2024 9:16 AM EDT
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