Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …
Independent contractors who have earned money through online services will have their income reported to the Internal Revenue Service (IRS) starting in 2023, the agency said in a second warning issued Tuesday. People who have made money through eBay, Etsy, Poshmark, Uber and other digital services will face the new oversight and new rules. It …
IRS issues another tax warning to Americans who earned more than $600 online Read More »
Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’ll be time to start planning New Year’s Eve parties. But besides holiday shopping, planning family trips, and all that accompanies the holiday season, it is important to get your tax planning under control before the end of December. In particular, there …
Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’ll be time to start planning New Year’s Eve parties. But besides holiday shopping, planning family trips, and all that accompanies the holiday season, it is important to get your tax planning under control before the end of December. In particular, there …
Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’ll be time to start planning New Year’s Eve parties. But besides holiday shopping, planning family trips, and all that accompanies the holiday season, it is important to get your tax planning under control before the end of December. In particular, there …
As Americans face mounting costs at every turn, the recently passed Cut Inflation Act of 2022 aims to provide some relief. Much of this relief comes in the form of energy tax credits, granted when you purchase certain environmentally friendly products. But which products offer kickbacks and how much can you get? Here’s what you …
How Consumers Can Save Over $10,000 With New Climate Tax Breaks Read More »
UK economy in recession expected to contract in 2024 Nearly half of £55bn of belt-tightening due to tax hikes Budget watchdog sees 7% drop in living standards IFS think tank says most of the hit to come after 2024 The pound falls almost 1% against the dollar LONDON, Nov 17 (Reuters) – Britain’s Finance Minister …
Jeremy Hunt raises taxes and cuts spending to restore market confidence in UK Read More »
With two chancellors effectively at the helm, the fall statement was always going to be a trying one. But have they really targeted the pain on those with “the broadest shoulders” – or just those who are easiest to lean on? By increasing benefits in line with inflation and extending cost-of-living assistance for the poorest, …
When people think about planning for retirement, they tend to focus on saving and investing so they have a good nest egg when they leave work. And that’s a good starting point. But it’s also important to pay attention to the impact of taxes on your retirement savings and any other sources of income you’ll …
4 Ways Taxes Could Burst Your Retirement Bubble (And What To Do About Them) Read More »
Wealth Consulting Group CEO Jimmy Lee said investors would start taking a “longer-term view” after the election. In Tuesday’s crucial midterm elections, residents of Massachusetts and California had to decide whether to pass major tax policy changes, including raising the rates paid by the wealthiest Americans. Despite the fact that only about 0.6% of high-income …
In midterm elections, some voters choose to raise taxes on the wealthy Read More »
