Samuel Corum/Bloomberg via Getty Images Married couples who file a joint tax return must wait longer than others to get a refund on their unemployment benefits. The dynamic is largely due to the complexity of calculating their refund relative to other taxpayers, according to tax experts and IRS officials. Unemployment benefits are typically taxed as
Month: May 2021
Chairs and tables are seen outside a closed restaurant in Washington D.C., the United States, on April 24, 2020. Liu Jie | Xinhua via Getty Images After a year of unthinkable challenges for the restaurant industry, targeted aid is on its way. The Small Business Administration’s Restaurant Revitalization Fund opened its portal Monday, allowing hard-hit
If you live in California, you likely know it is one of the highest-taxed states when it comes to income taxes; there is some good news for those worried about estate taxes. California is part of the 38 states that don’t impose their own estate tax. Keep in mind; this does not necessarily mean that
A New Shepard rocket launches on a test flight. Blue Origin Jeff Bezos’ space venture Blue Origin will launch its first astronaut crew to space on July 20, flying on its space tourism rocket called New Shepard, the company announced Wednesday. The company has yet to open ticket sales or release pricing information about New
Bill and Melinda Gates’ divorce announcement is likely to spark one of the largest divisions of personal assets in history. Bill Gates is presently the world’s fourth-richest person, with a $130.5 billion fortune, stemming from his $25 billion stake in Microsoft, a host of publicly traded investments and a collection of ultra-luxury properties scattered across
A woman wearing mask as a precaution against Covid-19 stands in a crowded area near India Gate, in New Delhi on March 19, 2021 as coronavirus cases continue to increase across India. Money Sharma | AFP | Getty Images India’s Covid-19 cases spiked in April to daily record highs, and experts warn the country’s worsening
In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber beat estimates on the top line and dramatically improved its net losses in its first quarter, but missed on revenue. Shares were up around 1%
In this article @1YM21M .DJI U.S. stock index futures were little changed during overnight trading on Wednesday, after the Dow closed at a record. Futures contracts tied to the Dow Jones Industrial Average were 6 points lower. S&P 500 futures and Nasdaq 100 futures were both flat. During the session, the Dow gained 97 points
For some homebound travelers yearning for a vacation, the question isn’t whether to book a vacation this year, but when. Enthusiasm for travel is at its highest point in a year, with 87% of American travelers expected to take a trip this summer, according to a survey conducted last week by travel market research company
Aimstock | Getty Images If you receive Social Security or Supplemental Security Income benefits and are still waiting on a stimulus check, you should file a tax return as soon as possible in order to get your money, the Social Security Administration said. The announcement pertains to the first $1,200 and second $600 economic impact
Delmaine Donson | E+ | Getty Images A new set of $1,400 stimulus checks has been sent, bringing the total number of payments issued to 164 million, or about $386 billion. About 1.1 million payments were sent this time, representing more than $2 billion. About 600,000 of those payments were made using direct deposit, while
In this article UBER Source: goPuff If you order potato chips, toothpaste or over-the-counter medication through the Uber Eats app, it will soon be fulfilled and delivered by start-up Gopuff. The two Softbank-backed companies announced a partnership Tuesday. Gopuff focuses on what it calls “everyday essentials,” items you would find in a convenience store. “It’s
Pre-retirees and retirees have been trying to squeeze out extra yield on fixed income investments for many years in the current low-interest environment. And lately the pickings have been pretty slim. However, if you broaden your goal from simply earning more interest on your savings to reliably increasing your financial security in retirement, you might
The House Ways & Means Committee is once again tinkering with the law that requires retirees to take minimum distributions from their individual retirement accounts (IRAs) and 401(k)s. Each time, Congress eases the required minimum distribution (RMD) rules at great cost to the federal government. Yet the beneficiaries would overwhelmingly be wealthy retirees and their
CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record highs. “I sold half my Ethereum yesterday … and I put some money down to own a Hummer,” Cramer said on “Squawk on the Street,” referring to the upcoming all-electric vehicle from
For some, there’s nothing better than to get away from it all; for others, even the idea of exploring the great outdoors may seem like more of a chore than a vacation. In this week’s look at luxury real estate around the world, I took a look at three properties in cities popular among outdoor
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal shares rose as much as 4% in extended trading on Wednesday after reporting first-quarter earnings that were stronger than analysts had expected. Here’s how the company did: Earnings per share: $1.22, adjusted, vs. $1.01 per share
Federal Reserve Vice Chairman Richard Clarida told CNBC on Wednesday that he thinks the central bank should keep its ultra-loose policy in place even as the U.S. economy storms back from its pandemic-era tumble. In a “Closing Bell” interview, Clarida said he expects the economy to grow close to 7% for the full year, which
This is an excerpt from CNBC Make It’s weekly newsletter, written by money reporter Alicia Adamczyk. Subscribe here. Everyone I know is burned out. Burned out from the lack of separation between work and home life, or because they have to go into work each day with few measures in place to ensure their safety.
Bill and Melinda Gates Frederic Stevens | Getty Images Sure, you likely have nowhere near the wealth held by divorcing couple Bill and Melinda Gates. Yet when it comes to protecting your assets ahead of marriage, that doesn’t particularly matter, experts say. If you plan to wed, it may be worth determining how you and
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