37.45 F
New York
January 20, 2021

Taxes

Biden pledges to help fix the child-care crisis in America. Here is his plan

CNBC
CNBC – For more and to sign up click here FatCamera | E+ | Getty Images President-elect Joe Biden has a plan to help fix what he calls the immediate and acute child-care crisis in America. He unveiled his proposal on Thursday, as part of his sweeping $1.9 trillion coronavirus......

Stocks are climbing a ‘wall of worry’ too quickly amid tax risks, Oppenheimer’s John Stoltzfus says

CNBC
CNBC – For more and to sign up click here Oppenheimer Asset Management’s John Stoltzfus is questioning the force of the historic market rally. Stoltzfus, who is the firm’s chief investment strategist, warned clients in a research note this week that “These benchmark moves had even long-term bulls like us......

Cellphone service is cheaper, but bills haven’t dropped — taxes are one reason why

CNBC
CNBC – For more and to sign up click here Average monthly wireless service bills have dropped 26% since 2008, according to the Tax Foundation, but wireless taxes have increased 50% and that’s why customers aren’t seeing savings. Experts say taxes, fees and surcharges make up 22.6% of the average......

Powerball jackpot soars to $550 million. Here’s how much the winner would owe in taxes

CNBC
CNBC – For more and to sign up click here Justin Sullivan | Getty Images The Powerball jackpot just jumped again. With no ticket matching all six numbers drawn Saturday night, the top prize has vaulted to $550 million for Wednesday night’s drawing. And Mega Millions’ jackpot, meanwhile, is even......

How the $600 stimulus checks could affect your tax refund this year

CNBC
CNBC – For more and to sign up click here Fertnig | E+ | Getty Images If you don’t receive your second stimulus check in your bank account or the mail, the good news is you can claim the money when you file your tax return this spring. But beware:......

H&R Block and TurboTax customers report issues with second stimulus check deposit

CNBC
CNBC – For more and to sign up click here Millions of Americans were set to receive a second stimulus check via direct deposit on Monday. But many people who filed their 2019 taxes with H&R Block or TurboTax told CNBC Make It that they are experiencing issues receiving their......

Despite pandemic, Illinois’ legal marijuana sales skyrocket, but tax revenue not panacea

WashingtonExaminer
USA TODAY – For more and to sign up click here Within three months time in 2020, cannabis in Illinois went from being illegal to essential, and it is big money. Illinois started the new year with the first legal adult-use cannabis sales. On Jan. 1 in Springfield, David Watson,......

DA tax probes could be miserable for Trump — and the rest of country

NYPost
Charles Gasparino In a few short weeks, Donald Trump will no longer be president, but the serious and politically fraught investigations into him will continue well into 2021. These investigations, unfortunately for the president and the country itself, don’t involve imaginary visits to Moscow hotel rooms. Instead, they’re aimed directly......

Mega Millions jackpot jumps to $432 million. Here’s what to do if you win

CNBC
CNBC – For more and to sign up click here mphillips007 | iStock Unreleased | Getty Images The Mega Millions jackpot has surged higher. After no ticket matched all six numbers drawn on Friday, the top prize is now $432 million for the next drawing on Tuesday night. Powerball’s jackpot......

Albany’s planning more pain for New York in 2021

NYPost
Post Editorial Board Fasten your seatbelts for the new year, New York: With Democrats now boasting veto-proof supermajorities in both the Assembly and the state Senate, and several Democratic socialists joining the ranks, the left is emboldened — and that spells big trouble. “We recognize the mandate we’ve been given......

Your second stimulus check may be delayed if you changed your bank or moved

CNBC
CNBC – For more and to sign up click here The latest round of $600 stimulus checks is on the way, but for people who either changed their bank account information or moved recently, the next payment may be delayed. The IRS has already started the process of issuing the......

Mega Millions jackpot jumps to $401 million, Powerball’s top prize is $363 million. Here’s how to protect your privacy if you win

CNBC
CNBC – For more and to sign up click here MARK RALSTON | AFP | Getty Images There’s a chance that at least a couple of people will end 2020 far wealthier than most of us. With no ticket matching all six numbers drawn Tuesday in Mega Millions, the jackpot......

$600 stimulus checks are officially on the way. Here’s who will get them first

CNBC
CNBC – For more and to sign up click here The $600 stimulus checks from the latest Covid relief bill are officially on their way to bank accounts, according to two tweets from Treasury Secretary Steven Mnuchin on Tuesday evening. The checks could arrive as early as tonight for those......

Mega Millions jackpot jumps to $376 million, Powerball’s top prize is $341 million. How winners can protect their windfall

CNBC
CNBC – For more and to sign up click here Frederic J. Brown | AFP | Getty Images Mega Millions players can let the daydreaming continue. With no one hitting all six numbers drawn Friday, the jackpot has jumped to an estimated $376 million. And Powerball, with the next drawing......

New Jersey is latest state to join Supreme Court battle over income taxes on remote workers

CNBC
CNBC – For more and to sign up click here Phil Murphy, governor of New Jersey, speaks during a fiscal year 2020 budget address at the New Jersey State Assembly chamber on March 5, 2019. Ron Antonelli | Bloomberg | Getty Images A group of states joined a U.S. Supreme......

Northam order spares Virginia businesses from higher unemployment insurance taxes

WashingtonExaminer
USA TODAY – For more and to sign up click here An executive order temporarily changing the way Virginia’s unemployment insurance tax is collected will provide tax relief for businesses by not holding them accountable for layoffs during the COVID-19 pandemic. The Unemployment Insurance Employer Tax Rates for 2021 are......

Some might not receive a $600 stimulus check this time around. Here’s why

CNBC
CNBC – For more and to sign up click here Second stimulus checks are coming. But some people could be surprised to find out they may not be eligible for the money this time around. The latest coronavirus relief deal from Congress includes $600 stimulus checks per person, half of......

$600 stimulus checks are in the next coronavirus aid package. Answers to your top questions

CNBC
CNBC – For more and to sign up click here Millions of Americans can finally expect to see second stimulus checks in their bank accounts soon. This time, however, those payments will be up to $600 per person for those eligible — half the $1,200 that was sent in the......

Millionaires are bracing for tax hikes next year, CNBC survey finds

CNBC
CNBC – For more and to sign up click here Bernd Vogel | Getty Images America’s millionaires are bracing for a tax hike next year, despite predictions of Washington gridlock and a Republican-led Senate, according to the CNBC Millionaire Survey. Nearly two-thirds of millionaires say taxes will go up under......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More