10’000 Hours For those who desperately need tax refunds, it can feel like ages before they get the money. For an unlucky few, the wait has taken months. “We filed a client’s return, and it was accepted on April 14,” said Nayo Carter-Gray, an enrolled agent at 1st Step Accounting in Towson, Maryland. “He finally
Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Shares of Virgin Galactic shares jumped Monday after it signed an agreement with NASA that will allow the space tourism venture to train astronauts for trips to the International Space Station on flights to the edge of space. The company — which is publicly traded
A number of states across the U.S. continued to report a rise in new cases over the weekend, as White House trade advisor Peter Navarro told CNN’s “State of the Union” Sunday that the White House is preparing for a potential “problem in the fall.” This is CNBC’s live blog covering all the latest news on
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters This is a live blog. Check back for updates. 7:38 am: Stock futures higher Dow Jones Industrial Average futures were higher by about 100 points. S&P 500 futures and Nasdaq-100 futures were
Lifestyle inflation happens when your expenses increase along with your income. Getty Lifestyle inflation happens when your expenses increase along with your income. As earnings increase, it’s natural to want to buy a better car or take another vacation. After all, it seems feasible. But if your savings rate isn’t at least keeping up with
For those who pay estimated taxes, 2020 presents special issues and potential hardships. Getty Tax Day 2020 is July 15, and for some taxpayers it could be a financial nightmare. Covid-19 prompted the IRS to delay the usual April 15 federal tax-return deadline to July 15, but it isn’t just 2019 tax returns that are
Mortgage rates just hit a new low for the third time this year. Getty Mortgage rates hit another record-breaking low this week, dropping to a mere 3.13% on the average 30-year, fixed-rate loan. That’s the lowest rate recorded since 1971, according to Freddie Mac—and the third time a new low has been set this year.
Ungureanu Vadim | EyeEm | Getty Images Many student loan borrowers were suffering when the pandemic shuttered the economy. Americans collectively hold more than $1.6 trillion in student debt. According to credit monitoring service Experian, Gen Z saw their student debt balances increase by 9% from the first quarter of 2018 to the first quarter of 2019 —
Workers assists guests at check-in during the reopening of Bellagio hotel-casino on June 4, 2020, in Las Vegas. Ronda Churchill | AFP via Getty Images With states continuing to lift coronavirus restrictions, people across the U.S. have felt more comfortable traveling, taking transit, eating out and even moving to a new home. Improvement across the
A pedestrian wearing a protective mask walks through the Lujiazui financial district in Shanghai, China, on Friday, March 20, 2020. Qilai Shen | Bloomberg | Getty Images As global uncertainty escalates, more foreign businesses are buying into China, including deals in the more sensitive industries of finance and technology. “Over the past 18 months, we
The IRS wants you to know that retirees may be targets of scams that relate to economic impact payments (EIPs). EIPs were authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Senior Woman Giving Credit Card Details On The Phone Getty The U.S. Treasury is in the process of paying EIPs to
Getty Recent reports indicate that the IRS is launching an audit campaign that will focus on hundreds of returns filed by high-wealth taxpayers. The initiative, which was confirmed by Douglas O’Donnell, head of the IRS’s Large Business and International Division (“LB&I”), last week, is expected to begin around July 15th, and will likely involve taxpayers with
Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise. Getty We hear all the time about how important it is to grow a business, and that the customer is always right. But sometimes, in order to expand a company, it’s important to recognize that the customer or
Federal Reserve Chair Jerome H. Powell during a speech on March 3, 2020 in Washington, DC. Mark Makela/Getty Images The recession caused by the coronavirus pandemic is playing out across stark — and widening — fault lines in America. Lower earners, those with less schooling, women and minority groups have borne the brunt of the economic
Texas grocer Central Market turned salad bars and hot bars into packaged food displays during the pandemic. Source: Central Market Grocery stores have shut down self-serve salad bars during the pandemic. They’ve taken away displays of fresh olives and dips. And they’ve replaced giant kettles of ready-to-ladle hot soup with sealed to-go containers. The deli
null Getty PPP borrowers and their advisors are scrambling to determine how to manage their businesses and expenses to best facilitate loan forgiveness to benefit their businesses and employees. These two objectives are sometimes at odds, and the new 24-week testing period election, which most borrowers can meet, will have a powerful impact on business conduct.
Economic Security Planning, Inc. Today’s column addresses questions about early spousal benefits before full retirement benefits, survivor benefits, which month to start benefits to avoid early filing reductions, unpaid Social Security and Medicare taxes and benefits on an ex’s record after remarriage. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
Study shows consumer concerns about health will change the way homes are designed post COVID During the pandemic, the way we live in our homes has drastically changed. Builders are taking note. … [+] Stock Photo My current home style includes a 25-foot gray cord that snakes its way from the router, along the staircase
ljubaphoto Travel insurer Seven Corners has started two new products tailored to vacations in the age of coronavirus: one policy specifically covers medical expenses incurred due to Covid-19 infection while traveling overseas, and another helps motorists as road trips replace flights and cruises as the preferred means of summer and fall travel. “Travel trends, in general,
A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020. Jeenah Moon | Bloomberg | Getty Images It’s the banking world’s version of the rich getting richer. A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since