It’s that time of year when we review which items of the tax code are scheduled to expire or otherwise change in just a few days. An eclectic group of temporary tax policies approach their expiration dates, but at the last minute typically hitchhike onto must-pass legislation for another temporary extension. Not so this year,
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As life spans grow, a small subspecialty of financial planners address multiple stages of old age. When Cynthia Hutchins started her career as a financial planner in the 1980s, the concept of “retirement” was simple and straightforward. Most of her clients envisioned a few years of leisure after their full-time careers ended, with a pension,
U.S. President Joe Biden speaks at the Medals of Honor ceremony in Washington, December 16, 2021. Evelyn Hockstein | Reuters President Joe Biden said that he wishes he had ordered 500 million free, at-home Covid tests two months ago. Biden, in an interview with ABC News that aired Wednesday evening, spoke about his administration’s plans
In this article NKLA San Pedro, CA – December 17: The first two zero-emissions electric trucks, from an order of 100 vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Los Angeles in San Pedro on Friday, December 17, 2021. Brittany Murray | MediaNews Group | Getty Images Nikola shares jumped
In 2008, Deacon Hayes and his wife, Kim, “were newly married” and “living paycheck to paycheck” in Phoenix, Arizona, he says. She was a teacher and he was selling wood floors, and, “between credit card debt, student loans, and car loans, we had about $52,000 in consumer debt,” he says. More from Grow:How I paid
In this article AMC GME DWAC HWIN Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters An army of Reddit traders, triple-digit stock pops and a $100 million deli: In a wild year of trading, the unexpected became the norm
RgStudio | E+ | Getty Images Just in time for winter travel, gas prices are ticking up again. Nationwide, the average price for a gallon of gas is $3.34, up 2 cents from a week ago, according to GasBuddy.com. However, that’s down from about $3.43 a month ago. Average prices range from about $2.84 in
In this article WRBY W M DKS DG BIRD A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Wayfair sees a chance to make a pivotal move. The furniture and home goods retailer plans to open three stores in Massachusetts next year. Chief Marketing Officer Bob Sherwin said low
Changing tax laws can be confusing in the best of times. Add on the complications brought about by COVID-19? Suddenly everything is even more complicated. But there’s no need to sift through endless information online to figure out which tax updates will be relevant to you — we’ve gathered the top seven 2021 tax changes
A health worker packages a coronavirus swab test at a Testaro Covid-19 testing site in the Goodwood district of Cape Town, South Africa, on Thursday, Dec. 2, 2021. Bloomberg | Bloomberg | Getty Images The omicron Covid variant is less likely to result in hospitalization and appears milder than earlier strains of the virus, according
In this article 9618-HK 700-HK JD.com plummeted Thursday after Tencent announced it will be giving most of its shares in the Chinese e-commerce giant away to its shareholders. Tencent said it will declare a one-time dividend in which it will distribute more than 457 million Class A ordinary shares of JD.com to shareholders, with a
On Sunday, Elon Musk tweeted a TikTok of an interview between Bill Gates and David Letterman in 1995, asking, “Given the almost unimaginable nature of the present, what will the future be?” In the video, Gates describes the internet to Letterman, which was new and strange to most at the time. After showing the clip, the TikTok user who
DjelicS | E+ | Getty Images If you still have money in your flexible spending account, be aware that you may have only another week or so to spend it. Congressional action loosened FSA rules for 2020 and 2021 as a way to give workers more time to spend unused funds, yet many companies did
A For Sale sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images The already competitive housing market is getting even more so, and that is now cutting into mortgage demand. Even a small drop in interest rates couldn’t bring more buyers in, although it did boost refinance demand
A pedestrian wearing a protective face mask walks past a street-art mural by French street artist JBC, in tribute to health workers depicting a nurse wearing a protective face mask in reference to coronavirus disease (COVID-19) on March 24, 2021 in Paris, France. Chesnot | Getty Images Nearly two years into the Covid-19 pandemic, reported
Stock futures were slightly higher Wednesday evening following the second trading day in which equities climbed higher, as investors looked past earlier jitters about the spread of the omicron Covid variant. Futures contracts tied to the Dow Jones Industrial Average added 0.06%. S&P 500 futures rose 0.1% and Nasdaq 100 futures gained 0.06%. In regular
Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Robyn Beck | Pool | Reuters Responding to political attacks on his wealth and taxes, Elon Musk said his wealth “is not
Supporters demonstrate in favor of Build Back Better on the Senate Steps of the U.S. Capitol on Dec. 15, 2021. Leigh Vogel | Getty Images As the Build Back Better bill and the new government aid it promised stalls on Capitol Hill, millions of Americans who may have been expecting more help amid the pandemic
Attendees crowd an aisle on the trade show floor during the 2015 International Consumer Electronics Show (CES) in Las Vegas, Jan. 6, 2015. Steve Marcus | Reuters Canceled Broadway shows. Shuttered restaurants. Lines of people wrapped around the block at walk-in medical clinics. Businesses sending their employees home. It sounds like a flashback to March
Today, the Organisation for Economic Co-operation and Development (OECD) released model rules for the global minimum tax (also known as Pillar 2). These rules are designed to apply to multinational companies with more than €750 million in total global revenues and place a minimum effective tax rate of 15 percent on those company’s profits. In