Taxes

U.S. Senator Elizabeth Warren (D-MA) (Photo Credit: BRENDAN SMIALOWSKI/AFP/Getty Images) (Photo Credit: BRENDAN SMIALOWSKI/AFP/Getty Images) Elizabeth Warren wants to cancel your student loan debt and make college tuition-free. Here’s what you need to know. Proposal: Cancel Student Loan Debt  U.S. Senator Warren (D-MA), who is also a 2020 presidential candidate, proposed Monday an ambitious student

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column includes a warning about potential Social Security fraud, addresses effects of spousal benefits on other benefits, switching between benefits, when excess spousal benefit can be available, and options with older

Share to facebook Share to twitter Share to linkedin Photocredit: © 2019 Bloomberg Finance LP © 2019 Bloomberg Finance LP The performance of the S&P in the coming week may very well reflect the prior week. In the new week  the S&P is likely to be flat or down. The 29th is a projected turning

Bank of America is jumping ahead of the $15 minimum wage movement. Beginning May 1st, it will hike its minimum wage to $17, and to $20 by 2021. Other big banks like JPMorgan Chase have already announced plans to hike the minimum wage to $18. As of 2017, Bank of America was the fourth  largest

Gen X gets a lot of negative press when it comes to personal finances.  In fact, in the personal finance world, Gen X is often seen as the runt of the generational cohort litter.  The rhetoric is repetitive: “Gen X isn’t saving enough.”  “Gen X has the most debt of any other generation.”  “Gen X

Say it ain’t’ so, Karl! No less than Karl Rove, longstanding Republican kingmaker, recently made big news by concluding that Bernie Sanders – self-declared “Democratic Socialist” – has a real shot at unseating Donald Trump in the White House next year. Amazingly, Sanders staked this claim on no less than the Fox News Network, drawing

A SEP IRA can help small business owners  Getty A SEP (Simplified Employee Pension) IRA can be a good way for a small-business owner to set up a pension plan, and get potential tax-benefits at the same time. You might be more familiar with 401(k) plans, but those can be a little more complex to establish, whereas

If you’re like me, watching 34-year-old professional sports gambler James Holzhauer on Jeopardy! may make you feel pretty dense. He is just so knowledgeable about just about everything. His unique strategy of finding Daily Doubles and betting aggressively has paid off big time. And in a 10-day streak, he’s already shattered his own record with a $131,127 single-day win.  His 10-day

Photographer: Anna Moneymaker/Bloomberg © 2019 Bloomberg Finance LP Obamacare could eventually be replaced by Medicare for All, and that’s bad news for big health insurers, the biggest beneficiaries of the program. Medicare for All, a healthcare system operated by the government, has been gaining traction recently on both ends of the political spectrum. And that

Close-up images of money Getty The shocking images on Monday evening of Notre Dame, the world-famous Parisian landmark, being engulfed in flames moved virtually everyone that saw them. Clearly, the task of rebuilding the cathedral must wait until the cause of the fire is established and the structure is passed as safe for construction workers

President Trump before signing a tax-overhaul bill on Dec. 22, 2017. Photographer: Mike Theiler/Pool via Bloomberg © 2017 Bloomberg Finance LP As tax filing season came to an end, lots of people wanted to know how much the Tax Cuts and Jobs Act (TCJA) affected 2018 federal income tax bills. To see how it changed

Share to facebook Share to twitter Share to linkedin Tax Day was Monday, April 15, for most taxpayers (though taxpayers who live in Maine or Massachusetts have until April 17, 2019). Not every taxpayer who needed to file made it on time (I’m not counting those of you who filed for an extension since you’re

One way you can tell a thing is really becoming a thing is when you have national accounting firms jumping on it.  So it looks like cannabis is now a thing.  I had a nice discussion with Rick Frimmer, a managing director at EisnerAmper (According to this list  EisnerAmper ranks 18 in the United States.) Rick is

Magnifier and retirement text on blue background. Horizontal composition with copy space. Getty Royalty Free Getty Is there a retirement crisis? The debate centers on how much people have saved or set aside for retirement. But the focus on savings amounts misses the point. Retirement isn’t about achieving some magical retirement savings number. Instead, it’s

Tax Day brings stress as taxpayers conflate their refunds with their actual income tax bill. Getty Polls show that the majority of Americans don’t think their taxes were cut with the landmark tax cut and reform bill signed into law by President Donald Trump in December 2017. But just in time for tax day, the

Wendy Williams Divorce – What Does It Mean For Her Financial Empire? What will the Wendy Williams Divorce mean for her million dollar empire? (Photo by: Lloyd Bishop/NBC/NBCU Photo Bank via Getty Images) photo credit: NBCU Photo Bank via Getty Images Getty It has been reported that Wendy Williams has filed for divorce from her

Getty Getty The tax filing deadline is upon us.  If you are like many Americans, your initial thoughts are that you managed to get your 2018 tax return done without any big surprises.  You might have taken advantage of the tax cuts that everyone was talking about.  You probably even promised yourself that next year,

Close up of the fingers of a man dialing out on a land line telephone pressing the number keys on the keypad in a communications concept.Getty Last year, callers reported more negative robocalls on Tax Day than any other day. A whopping 143 million negative robocalls were placed on Tax Day in 2018, according to

Share to facebook Share to twitter Share to linkedin Kimpton George Hotel lobbyKimpton Hotels & Restaurants Ready to file your tax return? Nobody likes writing a big check on Tax Day, but there is some good news: April 15 also means specials, freebies, and deals. After you pop your return (or your extension) in the mail, kick back and

Are you not quite ready to file your taxes? Here is how you can file for a tax extension. Getty While I hate to be the bearer of bad news, Tax Day is just around the corner.  The Tax Deadline for your 2018 tax filing is April 15th, 2019. However, if you find yourself unable