Now is the'perfect time' to check your Social Security benefit, says CFP
Millions of Americans will file their taxes between now and April 15 — an annual practice in looking backward. For many, this time of year is the only time they take stock of things like their salary, tax withholding and annual contributions to retirement accounts. With all of that information top…#socialsecurity #jaredfriedman #scotchplains #newjersey #rothiraand #crystalmckeon #cfp #tsawealthmanagement #houston #w2s (Source: Reuters: Health)
Source: Reuters: Health - February 26, 2024 Category: Consumer Health News Source Type: news
Biotech is back
Israel plans to raise debt and taxes to fund its war in Gaza and global house prices are on the rise. Plus, FT correspondent Paola Tamma discusses some of the troubles plaguing the EU’s key pandemic stimulus fund. Mentioned in this podcast: US biotech fundraising boom ends 2-year deal drought Is…#israel #gaza #paolatamma #globalhouse #ftnewsbriefing #fionasymon #sonjahutson #kasiabroussalian #marcfilippino #zachstlouis (Source: Reuters: Health)
Source: Reuters: Health - February 26, 2024 Category: Consumer Health News Source Type: news
What a Biden-Trump Rematch Means for Your Taxes
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Source: Reuters: Health - February 25, 2024 Category: Consumer Health News Source Type: news
FTC accuses H & R Block of deceiving customers
The Federal Trade Commission says the tax prep company pushed some taxpayers to use more expensive products than they needed and then, made it inconvenient for them to switch if they wanted. More specifically, the FTC says the business made the consumers contact customer service to downgrade and…#ftc #hrblock #jasonstoogenke #diy #taxinstitute (Source: Reuters: Health)
Source: Reuters: Health - February 25, 2024 Category: Consumer Health News Source Type: news
I'm Happy With My Retirement Accounts. Can I Use Rule 72(t) to Retire Early?
Tapping into your retirement savings before age 59.5 typically triggers a 10% early withdrawal penalty in addition to the income taxes you'll owe. Using Internal Revenue Service Rule 72(t) can help you generate income from your nest egg in your 50s or earlier without paying that penalty. If you…#sepps #sepp #noneamortization #noneannuity #rmd #noneonce #nonecertain #nonesmartasset #retireearly #smartreads (Source: Reuters: Health)
Source: Reuters: Health - February 25, 2024 Category: Consumer Health News Source Type: news
Federal prosecutors accuse a New Mexico woman of fraud in oil and gas royalty case
A New Mexico businesswoman is accused of defrauding the U.S. government and two Native American tribes of taxes and royalties due to them for oil and gas that her companies extracted from federal and tribal lands.#newmexico #nativeamerican (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
How Does the IRS Verify Cost Basis?
The IRS expects taxpayers to keep the original documentation for capital assets, such as real estate and investments. It uses these documents, along with third-party records, bank statements and published market data, to verify the cost basis of assets. This is an issue that will come up if the…#nonesmartasset #irsverifycostbasis #smartreads (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
What are itemized deductions and how do they work?
According to the IRS, 87% of American taxpayers claim the standard deduction when filing their taxes, because it’s easy, there’s less paperwork to keep track of, and under President Trump’s Tax Cuts and Jobs Act of 2017, the standard deduction is worth twice as much as before. But if you’re a…#itemized #taxcutsandjobsact #supremecourt #vgroetzinger #salt #irsfilingstatus2023 #marriedfilingjointly #schedulea (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
I'm Happy With My Retirement Accounts. Can I Use Rule 72(t) to Retire Early?
Tapping into your retirement savings before age 59.5 typically triggers a 10% early withdrawal penalty in addition to the income taxes you'll owe. Using Internal Revenue Service Rule 72(t) can help you generate income from your nest egg in your 50s or earlier without paying that penalty. If you…#sepps #sepp #noneamortization #noneannuity #rmd #noneonce #nonecertain #nonesmartasset #retireearly #smartreads (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
‘Uncle Sam is my favorite sugar daddy': This Las Vegas stripper makes $12K/month. But she owes the IRS $100K and has scary levels of debt
For guests of Caleb Hammer’s Financial Audit, there are usually two inevitabilities: debt and taxes. Christa, 33, recently joined Hammer on his YouTube show, where she shared her struggles with debt, her work as an exotic dancer, her reliance on her monthly Veterans Affairs (VA) disability…#veteransaffairs #noneanything #robertkiyosaki #nonecommercial #walmartwholefoods #kroger #unclesam #navy #federalreserve #hrblock (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
Am I Overpaying on Roth Conversion Taxes? How to Tell
Roth conversions are treated like ordinary income and taxpayers have to include the balance on their tax returns. How much you have to pay in taxes depends upon the amount of the conversion plus your adjusted gross income. Here’s what you need to know. A financial advisor could help you put a tax…#irsform8606 #nonesmartasset #rothconversiontaxes (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
Rocky assessment process gives Chicago Bears partial break on taxes on proposed stadium site, but leaves team ‘disappointed’
The Chicago Bears got part of the reduction they wanted in the property tax assessment for their potential new stadium site in Arlington Heights, but lingering questions about the process and result, which left the team “disappointed,” suggest the matter may not be over. The Cook County Board of…#arlingtonheights #cookcounty #boardofreview #samanthasteele #tribune #georgecardenas #larryrogers #cristinduffy #steele #duffy (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
Borrowing or Taxes? It ’s America’s Choice
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Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
US States Have a Long History of Defaulting
The American bankruptcy show of the twenty-first century continues unabated with federal and state government spending. History reveals that some states have defaulted through not meeting a required bond payment, leaving the bondholders and that state’s taxpayers with a debt problem. Today, we…#fitch #standard #johnmoody #bond #panicof1837 #chrisehorlacher #speciecircular #usconstitution #section4 #civilwar (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
H & R Block ’s online tax prep tricked customers into paying more money, FTC claims
H&R Block made it too hard for taxpayers to opt out of pricier tax-preparation plans and tricked customers about what types of taxes could be done for free, according to allegations in a new complaint by federal regulators. The Federal Trade Commission said Friday that H&R Block’s HRB, online…#hrblock #hrblockshrb #ftc #intuitintu #turbotax #diy #dararedler #hrblocks #intuit #directfile (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news