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 06:04 AM EDT

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.

Apr 16, 2024 05:42 AM EDT

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

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

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

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

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

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

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 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

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

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