Personal saving
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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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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‘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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How to balance retirement and emergency savings in a shaky economy
Jamie Grill | Getty Images It’s not easy to prioritize financial goals, especially when choosing between two essentials in an unsteady economy: saving for retirement or building your emergency fund. While there are higher 401(k) contribution limits for 2023, you shouldn’t skip rainy day savings to max out your retirement plan, experts say. Indeed, more […]
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Mega Millions jackpot is $940 million: Here’s what to do if you come into a large sum of money
The odds of winning the Mega Millions jackpot, which is now $940 million, is 1 in more than 300 million. While very few will experience that kind of windfall in their lifetime, the lottery isn’t the only chance to come into sudden wealth. Whether it’s an inheritance, sale of a property, bonus or even a […]
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Where to keep your cash amid high inflation and rising interest rates: It’s ‘a little tricky,’ says expert
dowell | Moment | Getty Images Investors have many options when saving for short-term goals, and those choices have become more complicated amid high inflation and rising interest rates. While there have been signs of slowing inflation, the Federal Reserve is expecting higher interest rates to continue. “It looks like this year might be a […]
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These states are raising their minimum wages in 2023. Chart shows where workers can expect higher pay
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar turns to 2023, workers in more than half of all states have something to look forward to this year: a higher minimum wage. […]
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