Getty Images Penalties are about to get way steeper for taxpayers who still haven’t filed a 2019 income tax return and owe the IRS a balance. July 15 was the deadline to submit your return and pay any taxes owed, as the Treasury Department pushed back the due date in light of the coronavirus pandemic.
Month: September 2020
Putting extra cash towards your mortgage doesn’t change your payment unless you ask the lender to … [+] recast your mortgage. getty If you have extra cash and are considering putting it towards paying down your mortgage early, you should be aware that it won’t automatically reduce your payment. Putting extra cash towards your mortgage
By Richard Eisenberg, Next Avenue Managing Editor getty Getting rid of stuff that’s taking up space in your home can be tough — even for money experts. That was made painfully clear on the new episode of the “Friends Talk Money” podcast I co-host with Terry Savage (personal finance syndicated columnist and author of “The
Economic Security Planning, Inc. Today’s column addresses questions about switching between benefits while Social Security offices are shut down due to the pandemic, how to begin benefits as early as possible and when it may be possible to claim on former and current spouses’ records. Larry Kotlikoff is a Professor of Economics at Boston University
Entrepreneur Morgan DeBaun told CNBC on Thursday that more funding can make its way to Black founders if venture capitalists recast some aspects of their investment criteria and recognize their own biases. “You have to remember that a lot of young Black founders, we tend to look a little bit different than your typical pattern
Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic. The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes
Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters When Citigroup president Jamie Forese announced he was stepping down in April 2019, it set off a chain of events that culminated Thursday when the firm announced it will appoint Jane
Sotheby’s is set to auction off a 102-carat diamond that could become the most expensive jewel ever sold to an online bidder. The stone, a 102.39-carat D Color Flawless Oval Diamond, could fetch $10 million to $30 million. Only seven flawless white diamonds of more than 100 carats have ever been sold at auction. It
A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs economists said they see third quarter GDP growth tracking at 35%, driven in large part by the surprising strength of consumer spending. Goldman said its tracking
Eric Smith and his sons, Kyree, 6, (left) and Corey, 8, (right). Source: Eric Smith When the Centers for Disease Control and Prevention announced last month that most evictions nationwide were banned until the end of December, it came as little relief to Eric Smith. All the single father can think about now is what will
Firefighters work to protect homes in Boulder Creek, Calif., on Friday, August 22, 2020. (Photo by … [+] Dylan Bouscher/MediaNews Group/The Mercury News via Getty Images) MediaNews Group via Getty Images Just before the CZU August Lightning Complex wildfire devastated the area, realtor Lance Hulsey listed a house just outside Big Basin Redwoods State Park.
We start with considering how interest is credited to fixed index annuities, since this is the area that differs the most from variable annuities. Since FIAs are fixed annuities, crediting interest is the technical term for the returns generated by the contract value. As with variable annuities, it can be difficult to provide a standard
UNITED STATES – SEPTEMBER 10: Senate Majority Leader Mitch McConnell, R-Ky., is seen in the basement … [+] of the Capitol after a procedural Senate vote on a coronavirus relief bill failed on Thursday, September 10, 2020. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images If you invest
The U.S. reported 34,256 new cases of the coronavirus on Wednesday, after several days of total daily new cases below 30,000. Those low numbers were likely impacted by the holiday weekend, which shuttered local health departments and other offices. Epidemiologists are closely following the data after Labor Day for signs of a surge in new
Visitors play video games at the Xbox stand during 2020 China International Cartoon and Game Expo (CCG Expo) at Shanghai World Expo Exhibition and Convention Center on July 16, 2020 in Shanghai, China. Zhou You | Visual China Group | Getty Images A wave of major companies are suddenly letting people finance everything from video
D Color Flawless Diamond Source: Sotheby’s Sotheby’s is set to auction off a 102-carat diamond that could become the most expensive ever sold to an online bidder. The stone, a 102.39-carat D Colour Flawless Oval Diamond, could fetch between $10 million and $30 million. Only seven flawless white diamonds of more than 100 carats have
CNBC’s Jim Cramer on Thursday praised the appointment of Jane Fraser as the next chief executive office of Citigroup, making her the first woman to lead a U.S. megabank. “The glass ceiling in banking maybe is finally cracking,” Cramer said on “Squawk on the Street.” Citi is the third-largest U.S. bank by assets. Fraser is set to
KLH49 | E+ | Getty Images States paying the $300 unemployment boost The 19 states represent about a third of the 49 states that applied to the federal government for the aid. Those states are: Alabama, Arizona, Arkansas, California, Florida, Idaho, Iowa, Louisiana, Massachusetts, Minnesota, Missouri, Montana, New Hampshire, New Mexico, North Carolina, Rhode Island,
Taxes are an expense we all have, not really an opportunity. Yet if you play your cards right, tax savings and opportunities can now go together in a big way. The big federal tax bill passed in the closing days of 2017 is loved or hated by some, but few provisions have sparked as much
Medicare Open Enrollment and the donut hole. Getty The Medicare Open Enrollment Period (OEP) is a very important time for anyone who has a Medicare Advantage or Part D drug plan. Here are some important points. The OEP begins October 15 and ends December 17. This is your opportunity to review your coverage for next year. Watch
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