Kikoncos | Getty Images It’s Sunday morning, and my kids are checking player reports to evaluate their fantasy football lineups. They chatter about wins and losses from the previous week and rumors about a reserve player that looks ripe for a break-out. During the NFL games, they check their phones for player stats to determine
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Mstudioimages | E+ | Getty Images Americans now expect they will need $1.25 million to retire comfortably, according to a new study from Northwestern Mutual. That figure represents a 20% increase from the $1.05 million respondents cited last year. That’s not necessarily good news for individuals who have seen their retirement savings decline in the
Terry Vine | Getty Images There are few bright spots for investors in a down market. But tax-loss harvesting, which allows you to offset profits with losses, may offer a silver lining. Before attempting, however, you need to know your complete tax situation, experts say. Here’s why: There’s a lesser-known 0% long-term capital gains tax
House for Sale by Owner, Forest Hills, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Home prices are still higher than they were a year ago, but gains are shrinking at the fastest pace on record, according to one key metric, as the housing market struggles under sharply higher
Launch Our Interactive Tool Executive Summary The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure
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Jose Luis Pelaez | Getty Images The IRS is sharing more details on how to report digital assets for the 2022 tax filing year, according to draft instructions. Since 2019, there’s been a yes or no “virtual currency” question on tax returns, requiring filers to check a box to disclose their taxable crypto activity. For
Nicoletaionescu | Istock | Getty Images As it has become more difficult to stretch a dollar at the grocery store and gas pump, some Americans are pulling back on one key long-term goal: retirement savings. More than half of workers — 55% — said they feel they are behind on their retirement savings, a new
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors easily beat Wall Street’s earnings expectations during
In this article KO Follow your favorite stocksCREATE FREE ACCOUNT A Coca-Cola truck in New York City. Alexi Rosenfeld | Getty Images Coca-Cola on Tuesday raised its full-year outlook after beating Wall Street’s expectations for its quarterly earnings and revenue. The company also provided a look toward 2023, saying that it expects inflation to keep
Li Qiang, likely to become the next premier, is pictured here speaking at a major annual financial conference in Shanghai in 2020. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese stocks’ plunge on Monday over fears about China’s new leadership team “may be misguided,” consulting firm Teneo said. Chinese stocks in Hong Kong and
The future Site of the city Neom, a planned cross-border city, stands empty before development begins in the Tabuk Province of northwestern Saudi Arabia, December 18, 2019. Picture taken December 18, 2019. Lucas Jackson | Reuters DUBAI, United Arab Emirates — If you’ve been seeing mysterious Bladerunner-type ads popping up on your phone recently for Neom
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Late last week, a federal appeals court officially halted President Biden’s student debt forgiveness. The U.S. Court of Appeals for the 8th Circuit issued an administrative stay on debt discharges while it reviews a lawsuit filed by six Republican-leaning states. The plaintiffs argue the debt forgiveness would lead to a loss in tax revenue, causing
Porquenostudios | Istock | Getty Images For those with student debt, the last few months may have given you whiplash. First, President Joe Biden said in August that he’d be forgiving up to $20,000 for millions of borrowers. But before much celebrating could happen, Republicans brought a slew of challenges to the policy, leaving it
In this article BYND Follow your favorite stocksCREATE FREE ACCOUNT Beyond Meat is launching a steak substitute in grocery stores on Monday. The new product will roll out nationwide at more than 5,000 Kroger and Walmart stores, as well as Albertsons, Ahold Delhaize, Jewel-Osco, Sprouts and other local grocers. The announcement concludes a rocky month
Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China’s central government is not likely to spend billions to save the struggling real
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You probably know that claiming income tax deductions reduces your taxable income. But did you know that not all deductions are created equal? Maybe you’ve heard the term “above the line” thrown around in tax conversations. Above-the-line deductions are actually adjustments to your taxable income — they are subtracted from your income before your adjusted
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