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Minnesotans will avoid inflation-related tax sting with huge bracket adjustment

Minnesotans will avoid inflation-related tax sting with huge bracket adjustment

High inflation has led state and federal authorities to make larger than usual changes to income tax brackets for the coming year. Tax agencies in the United States and Minnesota have raised the floor of the brackets that determine the tax rate on wages and other personal income. In response to the highest inflation in …

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Biden signs legislation to avoid national rail strike

Biden signs legislation to avoid national rail strike

WASHINGTON — President Biden on Friday signed legislation to force a labor agreement between railroads and workers who had been locked in a bitter dispute, averting a strike that could have upended the economy just before the holidays. “Without rail freight, many American industries would literally shut down,” Biden said before signing the bill, adding …

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Tech layoffs send visa holders on frantic job search to avoid deportation

Tech layoffs send visa holders on frantic job search to avoid deportation

After years of seemingly limitless expansion, America’s tech industry has hit a wall. Companies are in cash-preservation mode, resulting in thousands of job cuts per month and a wave of layoffs in November. While the sudden loss of a paycheck can be devastating for anyone, especially during the holiday season, the recent wave of cuts …

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House passes bill to avoid railroad strike, moves to force labor deal

House passes bill to avoid railroad strike, moves to force labor deal

WASHINGTON — The House on Wednesday resoundingly approved legislation to avert a nationwide railroad strike by forcing a labor agreement between railroads and their workers, as lawmakers rushed to protect the economy from the threat of a work stoppage during the holidays and prevent an interruption of navigation. Across the country. Acting quickly the day …

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How to avoid mistakes with required minimum distributions from your retirement accounts

How to avoid mistakes with required minimum distributions from your retirement accounts

Kemal Yildirim | E+ | Getty Images You have about a month to make sure you get it right when it comes to mandatory retirement account withdrawals. Required Minimum Distributions, or RMDs as they are known, are annual amounts that must be withdrawn from the year you reach age 72 – from age 70.5 before …

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Almost everyone expects a recession.  Could the economy avoid one?

Almost everyone expects a recession. Could the economy avoid one?

Comment this story Comment Joe Shamie hears a lot about an impending recession. But his company just doesn’t feel it. Shamie is expecting a decent holiday season for her company, Delta Children, which sells strollers, cribs, bassinets and other baby furniture. He is encouraged by the fact that global supply chains are thinning out and …

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