Personal finance
Mega Millions jackpot is $1.35 billion. Here are 3 tips for navigating a win’s ‘cycles of surprise,’ says advisor
Fatih Aktas | Anadolu Agency | Getty Images There’s a chance a Mega Millions player is on the verge of joining a very short list: winners who snag a jackpot worth more than $1 billion. The grand prize is an estimated $1.35 billion for Friday night’s drawing. That’s how much you’d win if you were […]
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Tax season opens for individual filers on Jan. 23, says IRS
It’s official: The tax season kicks off for individual filers on Jan. 23, the IRS announced Thursday. For most taxpayers, you must file your federal return and pay your balance by April 18 this year to avoid racking up penalties and interest. “This filing season is the first to benefit the IRS and our nation’s […]
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This is the inflation breakdown for December 2022 — in a single chart
Vital Points The inflation level fell yet again in December, to 6.5% on an yearly basis, according to the purchaser price index. That’s down from 7.1% in November and a 9.1% peak in June 2022. Buyers truly noticed general deflation throughout the thirty day period mainly owing to plummeting gasoline price ranges from November to […]
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After ‘misery’ for tax filers in 2022, IRS to start 2023 tax season stronger, taxpayer advocate says
Mykhailo Polenok / Eyeem | Eyeem | Getty Images After another challenging year for the IRS in 2022, the agency may be primed for a better 2023 tax season — but improvements may take time. The National Taxpayer Advocate on Wednesday released its annual report to Congress covering last year’s biggest issues at the IRS, […]
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Mega Millions jackpot jumps to $1.35 billion for the next drawing. Here’s the tax bill if there’s a winner
Scott Olson | Getty Images You may face long odds of hitting the Mega Millions jackpot — now worth $1.35 billion — but the taxman is always guaranteed a slice when there’s a winner. The jackpot jumped again after no ticket matched all six numbers drawn Tuesday night to land the grand prize. If won […]
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Did Trump donate his presidential salary in 2020? Tax returns don’t tell whole story
Important Factors The Property Ways and Implies Committee publicly released previous President Donald Trump’s 2015 to 2020 tax returns on Dec. 30. Some experiences advised the Trump tax returns present he broke a promise to donate his $400,000 income in 2020. However, accountants say it can be unclear no matter if this happened or not. […]
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‘Don’t wait until March’ to hire a tax pro, says advisor — 3 moves to make before the 2023 tax filing season opens
mediaphotos | E+ | Getty Images Enlist tax prep help One of the first things to consider: Will you be filing your own taxes this year or tapping an expert to file a return on your behalf? If you’re planning to hire a tax preparer, January is a good time to find someone, said certified […]
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House Republicans vote to strip IRS funding, following pledge to repeal nearly $80 billion approved by Congress
New U.S. Speaker of the House Kevin McCarthy, R-Calif., speaks with reporters in Washington, Jan. 7, 2023. Jon Cherry | Reuters House Republicans on Monday night voted to slash funding for the IRS, following a pledge from newly-elected Speaker Kevin McCarthy to repeal the money approved by Congress last year. Passing along party lines, the […]
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In this article are 3 money moves you should really make at the start out of the yr, economical industry experts say
Skynesher | E+ | Getty Photographs New yr, new you? Most likely not. Just one of the revelations that will likely come in 2023 is that you’re largely the similar individual as last year. You you should not quickly enjoy functioning or having natural vitamins. But sometimes it really is fantastic when things don’t adjust, […]
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Successfully applying for Social Security disability is difficult. Applying as a long Covid patient is even trickier
Residents drop off Covid-19 PCR tests at a testing site run by the Centers for Disease Control, Federal Emergency Management Agency and eTrueNorth in Washington, D.C., on Jan. 5, 2022. Eric Lee | Bloomberg | Getty Images When Christopher Perry got sick in July 2021, he thought he just had a bad cold. But after […]
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