With the April 15 federal tax deadline quickly approaching, taxpayers are advised to be vigilant against potential scams seeking to steal personal and financial information. Last year, the IRS received over 294,000 complaints of identity theft, resulting in more than $5.5 billion in tax fraud. As the agency processes millions of returns this tax season,
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The Powerball jackpot has reached an astounding $1 billion, making it the fifth-largest prize in the history of the game. If you’re lucky enough to win this grand prize by matching all six numbers, you will have two payout options to choose from: a lump sum of $483.8 million or annuitized payments totaling $1 billion.
In light of the current challenges surrounding financial aid, colleges like Vanderbilt University and Dartmouth are implementing new strategies to make higher education more accessible. Vanderbilt University has expanded its Opportunity Vanderbilt program to offer full-tuition scholarships to students from families with an annual income of $150,000 or less. Similarly, Dartmouth has increased its income
Many Americans have a negative connotation associated with budgeting. According to experts, the word “budgeting” can elicit cringes and feelings of overwhelm among the average consumer. Despite the fact that 68% of consumers acknowledge that a budget could help them reach their personal and family goals, a significant 40% admit to never having had a
The act of tipping, once a gesture of appreciation, has now transformed into a source of annoyance for many consumers in the post-pandemic era. There has been a rapid rise in tipping culture, leading to more opportunities to tip for a wider range of services, which is also known as “tip creep.” Recent surveys have
The automotive industry has seen significant advancements in technology over the years, with new cars equipped with a wide range of high-tech features. However, with these advancements come questions about driver privacy. Ivan Drury, the director of insights at Edmunds, a car site, highlighted the fact that many of these features are data dependent. Whether
As the federal tax deadline approaches, individuals still have opportunities to reduce their tax bill or increase their refund. One option is to make a pretax contribution to an individual retirement account (IRA). This contribution can help lower adjusted gross income, especially for those who have not maximized their contributions to workplace retirement plans. With
In a recent survey conducted by job site Monster, a staggering 95% of Americans expressed their intent to find a new job within the year. The primary motivation behind this desire? Money, as 45% of respondents stated that they are in search of a higher income. Data from the Federal Reserve further supports this notion,
The recent announcement by the Social Security Administration regarding the final rule to prevent food assistance from affecting payments to certain beneficiaries is set to bring about significant changes. The Supplemental Security Income (SSI) scheme caters to disabled adults and children, as well as those who are blind or aged 65 and above, with little
When it comes to investing in cryptocurrency like Bitcoin, the analogy provided by Katherine Dowling comparing it to cayenne pepper can be quite apt. Just like a little goes a long way with cayenne pepper in a recipe, a small amount of cryptocurrency can have a significant impact on a portfolio. This was highlighted by