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Should You Invest in Crypto?
Should You Invest in Crypto: The Good, the Bad, and the Ugly Should you invest in crypto currency? With big gains posting over the last few years, it seems like a no-brainer. Between January 2020 and January 2025, Bitcoin (the first and probably the best-known crypto...
Education Tax Benefits
Education Tax Benefits Can Save Money for Students, Parents Education tax benefits can take different forms. They can be an tax-saving advantage when you – or your dependent – are in school. Or before college even begins. Education Tax Benefits – Tax Credits Tax...
When to Start Taking Social Security
When to Start Taking Social Security? Maybe Earlier Than You Think When to start taking Social Security is a big question for those contemplating retirement. Those who have worked and paid Social Security taxes for at least 10 years are eligible to start receiving...
Tax Deductions for Landlords
Take Advantage of These Tax Tips for Landlords to Save at Filing Time Tax deductions for landlords? Sure, your accountant knows all about these. But it’s important that you, the rental property owner, know them, too. You’ll want to keep careful records so you can take...
Find Your Lost 401(k)
Find Your Lost 401(k) and Add to Your Retirement Wondering if you have a forgotten retirement account from a past job? You can find your lost 401K with a little legwork. And with the help of a relatively new federal database. Do You Have a Forgotten Retirement Fund?...
IRS Limiting Services During Shutdown
IRS Limiting Services During Shutdown As Budget Cuts Staff The IRS is limiting services during the government shutdown, the tax agency has announced. Congress has yet to approve a budget for the new fiscal year. This is causing hundreds of government offices to...
US Phasing Out Paper Checks
US Phasing Out Paper Checks for Tax Refunds, Most Federal Payments The US is phasing paper checks for tax refunds, Social Security and most other federal payments starting this month. Instead, the government is focusing on electronic payments, particularly direct...
Investing in Gold
Investing in Gold is Hot Right Now, But There Are Pros and Cons Investing in gold may seem irresistible right now. The price reached a record high of more than $4,000 an ounce this week, and is up 54 percent year-to-date. Other metals, such as silver and platinum,...
Credit Cards to Finance Business
Using Credit Cards to Finance Business Carries Rewards and Risks Using credit cards to finance business has its place. During periods of tight borrowing, which we’re experiencing now, using credit cards can be a lifeline. But it also has a downside. The key is to...
Work Opportunity Tax Credit (WOTC)
Work Opportunity Tax Credit Helps Both Employers and Struggling Job Seekers The Work Opportunity Tax Credit (WOTC) is a federal tax credit for businesses that hire specific types of people who face extra challenges getting a job. The amount of the credit varies based...
Hiring Your Kids
Hiring Your Kids Has Benefits, But There Are Limits Hiring your kids has its benefits. For one thing, you’re putting money in your kids’ pockets that you can deduct as a business expense. (They do need to be performing actual work, though.) You can instill a sense of...
Hands-Off Investing
Hands-Off Investing Often Outperforms Micromanaging Hands-off investing refers to the “set it and forget it” mode of investing. That is, you put your money into mutual funds and then make only minor changes over the long term. Instead of reacting to fluctuations (or...
Small Businesses Can Use AI
Small Businesses Can Use AI to Fuel Success Small businesses can use AI? Well, the answer to that may be not only can they be using artificial intelligence (AI), but they should be, and soon. According to a survey by the U.S. Chamber of Commerce, 40 percent of small...
Credit Card Surcharges
Credit Card Surcharges Can Cover Fees but Turn Off Customers Credit card surcharges have become increasingly popular lately. At least among merchants. More and more frequently, companies are charging a fee to cover the cost of credit-card processing, but some...
Big Beautiful Bill Individual Tax Effects
Big Beautiful Bill Individual Tax Effects Impact Many The Big Beautiful Bill individual tax effects touch on a number of areas. Congress established some new tax provisions, eliminated some taxes, expanded some deductions and got rid of some others. Officially titled...
Big Beautiful Bill Business Tax Effects
Big Beautiful Bill Business Tax Effects Far-Ranging The Big Beautiful Bill business tax effects are significant. Congress established some new tax provisions, renewed some older ones, and made permanent some that were about to expire. Officially titled the One Big...
The End of the Penny
US Mint Announcing the End of the Penny The end of the penny is at hand. The US Mint announced that it will not produce pennies after it uses up its supply of metal blanks sometime in early 2026. It’s official: the government admits it will make no cents. What’s...
Unusual Tax Deductions
Unusual Tax Deductions that May Be Weird, But Still Pay Off Unusual tax deductions? Sometimes it feels unusual that we get any tax deductions at all. But if you itemize like some past taxpayers, these deductions, though a little strange, can save money come tax time....