Insta_photos | Istock | Getty Images If you’re getting close to retirement age, there are some upcoming changes enacted as part of a government funding bill that may be of interest to you. Dozens of retirement-related provisions known as Secure 2.0 were included in an omnibus appropriations package that cleared Congress last week. While the
Month: December 2022
Hispanolistic | E+ | Getty Images If you’re worried about getting a tax form from payment apps like Venmo or PayPal, you’re now less likely to receive one for 2022 — thanks to a change from the IRS. The agency on Friday announced a one-year delay for a new tax reporting rule, requiring payment services
Today’s high estate and gift tax exemptions could be slashed in a few years. Maximize those and other benefits now. The proposals to substantially increase estate and gift taxes that were widely-discussed in 2021 are off the table for now. But the current lifetime estate and gift tax exemption is scheduled to be cut in
by Tax Notes State editor Doug Sheppard The hiring of Sharonne Bonardi as executive director of the Federation of Tax Administrators in January 2022 reflected a pattern from throughout her career: She was the first person of color and second woman to earn the role as the head of the nation’s only association supporting the
During the pandemic, Americans not only hunkered down, they hunkered down with the new pets they’d adopted to share their lonely exile until the virus had been quelled. According to the American Society for the Prevention of Cruelty to Animals, about one in five U.S. households – approximately 2.3 million – adopted a “pandemic pet.”
A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters High interest rates, supply chain problems and recessionary fears were among the major challenges for the global automotive industry in 2022. Those issues aren’t expected to be resolved quickly next year, or at all, and there’s growing concern
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from a high of $21 billion in 2006, to just $4 billion in 2008. “Bank of
Buying a used car has typically been considered a smart way to save by avoiding the steep depreciation costs that go hand in hand with new cars. However, a limited supply of new cars and trucks due to the ongoing chip shortage caused demand for used cars to skyrocket, pushing prices much higher and reducing
Travelers check in at Shanghai’s Hongqiao International Airport in on Dec. 12, 2022, after China relaxed domestic travel restrictions. Qilai Shen | Bloomberg | Getty Images BEIJING — Now that China is set to reopen its borders, locals are rushing to plan overseas travel for the Lunar New Year in late January, according to Trip.com
The “microfinance” industry — long touted as a way to help poor, rural communities in developing countries — is pushing tens of thousands of farming families into debt traps as they attempt to adapt to a changing climate, according to a report. The study, conducted by researchers at a group of U.K. universities, looked at
Chandra Sahu, 25, left a job in investment banking during the so-called Great Resignation last year, eager to find work that offered more flexibility. The New York City resident said she looked for work that fulfilled her “top priorities,” allowing her to demonstrate her “agency and creativity,” and landed at a startup. “I wanted to
Among the many iterations of extreme winter sports is uphill skiing. Not exactly new, the so-called sport of skinning has been practiced by hearty ski mountaineers for ages yet is relatively young as an industry. In theory, it’s simple. Get yourself up to the top of a hill under your own steam, then ski back
Aircraft are deiced at General Mitchell International Airport in Milwaukee Reuters Southwest Airlines canceled more than 60% of its flights on Monday, while flight disruptions stemming from severe winter weather eased at other carriers. Airlines have canceled more than 17,000 U.S. flights since Wednesday, according to FlightAware, as storms brought snow, ice, high winds and
Preaching a message of financial education and financial freedom, John Hope Bryant is galvanizing America’s top business leaders in the battle for “silver rights,” a term he coined to describe the economic empowerment of minority and low-income communities. “I don’t know about you, but I’m sick and tired of being sick and tired,” Bryant said
Almost half a century ago, Boston’s skyline went from ordinary to extraordinary with the arrival of the then-new Hancock and Prudential skyscrapers. In the decades since, the city has watched as its homegrown companies have led the nation in one advancement after another, bringing transformative innovation to medicine, technology and education. Some felt, however, that
Travelers have a host of pathogens to dodge this winter, including the “tripledemic” of infections caused by Covid-19, flu and RSV (respiratory syncytial virus). But there are steps people can take to reduce their chances of getting sick, say health specialists at Spain’s SHA Wellness Clinic. The key is to develop “a resilient immune system
I would have hoped that, before I lived in Mexico, if someone would have asked me what it would be like to live in Mexico, I would have had the humility, good sense and / or wisdom to say “I don’t know.” But I doubt it. Actually living in a new place sure can change
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Avatar: The Way of Water Courtesy: Disney Co. Disney and James Cameron’s “Avatar: The Way of Water” snared an estimated $56 million during its second weekend in theaters, a 58% drop from its debut. A decline in ticket sales is common for blockbuster titles, with
Billionaire Mark Cuban was only 12 years old when he launched his first side hustle, so he knows what it takes to start a business at a young age. And, he says there’s one simple thing you need to consider if you want to do it, too. “The key to starting a business when you’re
In this article AMBA META AMZN COST NVMI Follow your favorite stocksCREATE FREE ACCOUNT Shoppers line up outside a Costco to buy supplies after the Hawaii Department of Health on Wednesday advised residents they should stock up on a 14-day supply of food, water and other necessities for the potential risks of novel coronavirus in
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