getty The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021 – and that includes penalty amounts. Here’s a quick look at some of the most common: Failure-To-File Penalty It’s important to file even if you can’t afford to pay because the IRS imposes a failure-to-file penalty if you don’t
Month: October 2020
Dave Panozzo is the co-founding owner of The Panozzo Team-HomeSmart, a real estate team in Phoenix, Arizona. getty When the mass market was shaken from the Covid-19 19 outbreak, real estate agents adapted, learned and pushed through. As a real estate agent who worked through the same challenges in an unpredictable year to come out with
A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Matt Mills | Reuters Boeing is set to detail another rough quarter before the market opens Wednesday. Here’s what to watch for when the company reports: More losses, sales drop Wall
Satya Nadella, CEO of Microsoft, is pictured at Microsoft’s annual shareholder meeting in Bellevue, Washington on November 30, 2016. Jason Redmond | AFP | Getty Images Microsoft will announce its fiscal first-quarter earnings after market close on Tuesday. Here are the numbers to watch: Earnings: $1.54 per share, adjusted, as expected by analysts, according to
Angela Weiss | AFP | Getty Images U.S. stock futures fell on Tuesday night following a mixed session in which traders weighed a recent uptick in coronavirus infections. Dow Jones Industrial Average futures traded 150 points lower, or 0.5%. S&P 500 slid 0.6% and Nasdaq 100 futures dipped 0.4%. The Dow fell more than 200
China’s young billionaires amassed a combined fortune of more than $223 billion this year as the country enjoyed its fastest year of wealth accumulation, even as the world battles its worst economic crisis in decades. China had 60 billionaires below the age of 40 this year, according to the latest Hurun Rich List released last
As parts of the world brace for a second wave of Covid-19 infections, the economic impact on Asia will likely be “limited” as the region will remain resilient, according to a Credit Suisse strategist. “I think clearly Asia is going to be resilient in the face of a second wave in developed markets in the
Your bank account balance doesn’t have to stop you from being able to hire a financial planner. towfiqu ahamed | iStock | Getty Images There’s a big misconception that financial planning is only for the wealthy. The truth, however, is that financial planning is a path for anyone to actually gain wealth. The objective of
Over the last decade, the cost of attending a four-year public college or university has grown significantly year after year. Until now. Amid the coronavirus and economic crisis, increases in tuition and fees are lower than ever, according to a report by the College Board, which tracks trends in college pricing and student aid. For
SAN FRANCISCO, CA – SEPTEMBER 30, 2013: The Charles Schwab office in San Francisco’s Financial … [+] District. The Charles Schwab Corporation is an American brokerage and banking company based in San Francisco, California on September 30, 2013 in San Francisco, California. (Photo by Robert Alexander/Getty Images) Getty Images The Congressmen who introduced a bill
Economic Security Planning, Inc. Today’s column addresses questions about when Social Security uses the annual earnings test rather than the monthly test, when to contact Social Security in order to switch from a survivor’s benefit to a retirement benefit and how spousal and survivor’s benefits are calculated. Larry Kotlikoff is a Professor of Economics at
The Obsidian concept house, designed by architectural team Leyden Lewis of Leyden Lewis Design … [+] Studio and Nina Cooke John of Studio Cooke John, will have interiors by 20 BADG creators. Courtesy of Black Artists + Designers Guild. For its inaugural incubator project, the nonprofit Black Artist + Designers Guild is envisioning the future
Co-director of the intensive care unit at CommonSpirit’s Dignity Health California Hospital Medical Center, Dr. Zafia Anklesaria, 35, who is seven months pregnant, attends to a COVID-19 patient in the hospital where she works, during the coronavirus disease (COVID-19) outbreak, in Los Angeles, California, U.S., May 18, 2020. Lucy Nicholson | Reuters The average number
Traders wearing masks arrive before the opening bell at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images 3M reported third-quarter results Tuesday that beat analyst expectations on the back of strong personal-safety and health care equipment sales. Here’s how
The Harley-Davidson LiveWire electric motorcycle Source: Harley Davidson Check out the companies making headlines in midday trading. Shopify – Shares jumped more than 4% after the Canadian e-commerce company unveiled a partnership with TikTok to help its clients advertise on the Chinese social media platform The deal allows TikTok users to click on an ad
A man on a delivery bike rides past a closed Tiffany & Co store near Fifth Avenue on March 27, 2020 in New York City. Angela Weiss | AFP | Getty Images Jeweler Tiffany & Co. and Louis Vuitton-owner LVMH are in indirect talks to settle their ongoing dispute over a $16 billion deal, CNBC’s
Mark Mobius, executive chairman of Templeton Emerging Markets Group, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 17, 2017. Paul Morris | Bloomberg via Getty Images The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to
House Ways and Means Committee ChairmanRep. Richard Neal, D-Mass., (left) and ranking member Kevin Brady, R-Texas. Chip Somodevilla | Getty Images News | Getty Images Bipartisanship is not what most of us would expect in a divisive election year. Yet that is what we saw when Democratic and Republican House members came together and introduced
The U.S. Capitol in Washington, D.C. Al Drago/Bloomberg via Getty Images A new bipartisan retirement bill has perks for seniors and savers shouldering student debt. The legislation, proposed by House lawmakers on Tuesday, would raise the age at which seniors must start drawing money from their 401(k) plans and individual retirement accounts to 75. Under
Postmates shopping app Source: Postmates Postmates said Tuesday it is launching a new retail platform ahead of the holidays, allowing customers to get instant delivery from clothing, home, beauty and wellness retailers, and allowing the delivery company to broaden its reach. The new platform will launch in Los Angeles, with the intent of ultimately expanding
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