When inflation rises, child care expenses do, too. If you’re a parent, you may be hoping to get a little financial relief during the upcoming tax season through deductions or credits. But since there have been recent reductions to both of the child tax credits, you may not get as much back as you anticipated….
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 18)
January 18, 2023
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Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery fell 70 cents to $79.48 a barrel Wednesday. Brent crude for March delivery fell 94 cents to $84.98 a barrel. Wholesale gasoline for February delivery fell 3 cents to $2.52 a gallon. February heating oil rose 1 cent $3.26 a gallon. February natural gas fell 28 cents to…
Avoid a Tax Audit by Understanding the Triggers
Being audited by the Internal Revenue Service is a fear many people have every tax season. When that fear is present, it causes some legitimate deductions to go unclaimed. It means that you are leaving money in the hands of the IRS that is rightfully yours—and that you will never see it again. Although a…
Retirement: Prepare for Longevity
By Sandra Block From Kiplinger’s Personal Finance Follow a local newspaper long enough and you’ll probably come upon a story about a 100-year-old resident who still bowls, goes square dancing twice a week and occasionally enjoys a shot of tequila. About 97,000 Americans are centenarians—100 or older—and a handful of those are supercentenarians—individuals who have…
Tesla CEO Elon Musk Faces Trial in Shareholder Case Over Tweets in 2018
January 18, 2023
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Business & Marketsclass action lawsuitCompanieseconomyElon MuskInvestmentJudiciaryMedia & Big Techpersonal financeshareholdersteslaUS
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A trial is set to start over a class-action lawsuit regarding whether Tesla CEO Elon Musk knowingly misled investors by claiming that funding was “secured” to take the company private in 2018. After closing the deal to purchase Twitter in October 2022, the Tesla CEO now has to face his earlier statements on the same social…
Advance Tax Refund Provider Raises Loan Limit Due to High Inflation
January 18, 2023
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Business & Marketseconomic policieseconomyinflationIRSpersonal financePolicies & ImpactsSocial IssuesTax RefundUS
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The Santa Barbara Tax Products Group, an advance tax refund provider, is raising its loan limit to take into account higher-than-average inflation. As tax season approaches, the rise in the cost-of-living expenses has placed a heavy burden on millions of American families nationwide. Although annual inflation fell to 6.5 percent last month, from its historical…
Planning on Traveling Abroad This Summer? What You Need to Know
Americans are ready to travel again. After being cooped up for so long, they are ready to fly. Instead of staying closer to home this time, it looks like many want to try traveling abroad. Other places around the world have caught their eye. Airlines are glad to help them get to where they want…
8 Painless Ways to Save Money and Grow a Cash Stash in 2023
The past 12 months have been tough on many people, and higher living costs have made it extremely difficult to build savings. So at this point, your best bet is to look ahead to 2023 and develop a plan that allows you to make great progress with your savings, no matter what that means for…
The Problems With Running a Disability Program
Several readers recently sent me copies of a news story that appeared in papers around the country. The author of that piece criticized the Social Security Administration for not updating a listing of jobs that benefit applicants might be able to do instead of going on the government dole collecting disability benefits. (The law says…
2023 Is Going to Be a Year of Big Retirement Changes
The Secure 2.0 Act of 2022, a bipartisan retirement savings law, was signed into law by President Biden on December 23, 2022. As part of Secure 2.0, workplace savings plans will be expanded, retirement account contributions will be rewarded, and retirement tax incentives will be reshaped. As a result, retirement savings accounts will undergo numerous…
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