Taxpayers who want to opt out of the 2021 advance child tax credit payments — and later this year, those who want to update their information with the IRS so that the payments are accurate and delivered to the correct address — are directed to an identity verification process that uses facial recognition technology. Nonfilers who must
Remember when homebuyers and builders wrote off living rooms as useless formalities a decade or two ago? Apparently, rumors of their death were greatly exaggerated. Or, more likely, a deadly pandemic forcing millions of Americans to rethink their space needs created an opportunity for their revival. A recent study by Ferguson Bath, Kitchen & Lighting
In this article PFE 22UA-DE Former Obama administration official Dr. Kavita Patel told CNBC on Monday she expects a Covid vaccine booster will, eventually, be authorized by U.S. regulators due to new, more transmissible coronavirus variants. “With the threat of the delta variant and potentially other looming variants in the future, it seems like it’s
The Goldman Sachs booth on the floor of the New York Stock Exchange Getty Images U.S. stock futures were mostly flat on Monday night after the Dow Jones Industrial Average rose to almost 35,000 ahead of the second-quarter earnings season for banks, which kick off Tuesday. The Dow Jones Industrial Average futures rose by 13
Art at the cryptocurrency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami on June 4, 2021. Marco Bello | AFP | Getty Images Cryptocurrencies are in a summer slump as they navigate a two-month correction period following a string of negative stories. Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance
In this article DFS Last year, many high school seniors dramatically changed their expectations about the future. This year, more students are getting back on track. Nearly two-thirds of parents, or 63%, said their child’s post-high school plans have returned to what they were before the global pandemic, according to a report by Discover Student
If you want to know why a wealth tax would be an administrative nightmare, take a look at the dispute over the estate of pop star Michael Jackson, which recently was resolved in federal tax court—12 years after his death and following eight years of litigation that made Jarndyce v. Jarndyce look like a trip
A decade ago, the Sunset Strip in the West Hollywood neighborhood of Los Angeles was known for its nightlife scene and being a hotspot for the paparazzi. But in recent years, it has undergone a transformation, becoming a true luxury enclave. Then, in June 2021, the opening of Pendry Residences West Hollywood by Montage Hotels
The city of Long Beach’s Department of Health & Human Services holds an evening COVID-19 vaccination clinic Long Beach City College Pacific Coast Campus. on Tuesday, July 6, 2021 in Long Beach, CA. Francine Orr | Los Angeles Times | Getty Images Pfizer is meeting with federal health officials Monday to discuss the need for
In this article COF TROW RCL CCL GS CAKE Pedestrians wearing protective masks wait to enter a Disney store in San Francisco, California, on Wednesday, Dec. 23, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic — Shares of Virgin Galactic were down 14%
Sterling notes and coins are laid out for a photo. Matt Cardy | Getty Images LONDON — The coronavirus pandemic has further widened the U.K.’s wealth gap, with the richest 10% of households seeing an average gain of £51,238 ($70,977) during the crisis, according to a new report. The U.K.’s poorest households, meanwhile, saw their
In this article SPCE NASA Administrator Bill Nelson on Monday commended Virgin Galactic founder Richard Branson after he traveled to the edge of space as a passenger on his company’s VSS Unity spacecraft. “We put up Alan Shepard and Gus Grissom into suborbit 60 years ago, and now we’ve come to this, and I think
Rolf Bruderer | Tetra images | Getty Images The greatest wealth transfer in history is underway, and taxes may take a bite from inheritances without proper estate planning, financial advisors say. It’s estimated that nearly 45 million U.S. households will transfer more than $68 trillion over the next 25 years, according to Cerulli Associates. Baby
Allyson Felix celebrates with her daughter Camryn after finishing second in the Women’s 400 Meters Final on day three of the 2020 U.S. Olympic Track & Field Team Trials in Eugene, Oregon. Patrick Smith | Getty Images Sport | Getty Images When runner Allyson Felix heads to Tokyo to compete in the Olympics, she’ll go
Social Security is a program you get the joy of paying into your entire working life. The prospect of this valuable retirement income stream not being there once you leave the workforce is alarming to many Americans. As it stands now, it is not a question of “if Social Security will run out of money” but
Leaving the Golden State? California’s 13.3% rate is the same on ordinary income and capital gain, and under a pending tax bill the top 13.3% rate could climb to 16.8%. Plus, California has even proposed a wealth tax. Even without proposed hikes, paying 13.3% in non-deductible state taxes (after the IRS $10,000 cap) is painful. You can leave for
Samuel Clemens, the writer known as Mark Twain, is celebrated at a museum in Hartford, Connecticut, at the grand house he and his wife, Olivia, built in 1874. Although he earned quite a bit of money, Clemens made a number of unwise investments; the family experienced financial insecurity and, for a time, lived in Europe to
Pedestrians relax in the sunshine in Greenwich Park in view of skyscrapers in the Canary Wharf business, shopping and financial district in London, U.K., on Monday, March 29, 2021. Bloomberg | Bloomberg | Getty Images LONDON — U.K. Prime Minister Boris Johnson is expected to confirm on Monday that the final easing of lockdown rules
SINGAPORE — The next global pandemic could happen at any time and the world must start preparing for it now, said Singapore’s Senior Minister Tharman Shanmugaratnam. “We don’t have the luxury of waiting for Covid to be over before we start preparing for the next pandemic, because the next pandemic can come any time,” Tharman
For some adult children who have unpleasant, oppositional aging parents, there is a strong motivation to stay out of their affairs. That’s understandable. No one likes to be yelled at and rejected. You want self-protection. But unwillingness to confront impaired aging parents can carry an extreme price tag. This is a real story with the