Taxes 2022: Filing season opens Monday, taxpayers face overloaded IRS
Tax filing season opens on Jan. 24. But an IRS worker shortage, an enormous workload from administering pandemic-related programs, and stalled legislation that would have given the agency billions of dollars for more expeditiously processing returns will combine to cause taxpayers pain this filing season.
Tax filing season opens on Jan. 24. But an IRS worker shortage, an enormous workload from administering pandemic-related programs, and stalled legislation that would have given the agency billions of dollars for more expeditiously processing returns will combine to cause taxpayers pain this filing season.
IRS to start requiring facial recognition scans to access tax returns
Privacy advocates warn the practice is invasive
Privacy advocates warn the practice is invasive
Unemployment claims climb to 286,000, the most since October
Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.
Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.
Florida’s smaller orange crop could mean higher juice prices in the future
There could be a price hike for orange juice as forecasters are predicting the smallest orange crop since 1945.
There could be a price hike for orange juice as forecasters are predicting the smallest orange crop since 1945.
Child tax credit: How families can get the rest of their money in 2022
Although the IRS paid out the last monthly installment of the expanded child tax credit in December, millions of parents should be on the lookout for a letter from the agency that will help them collect the remaining half of the money when they file their 2021 tax returns.
Although the IRS paid out the last monthly installment of the expanded child tax credit in December, millions of parents should be on the lookout for a letter from the agency that will help them collect the remaining half of the money when they file their 2021 tax returns.
Retail sales drop 1.9% in December following early holiday rush
Americans sharply cut their spending in December after a burst of early spending in the fall that helped bolster the holiday season.
Americans sharply cut their spending in December after a burst of early spending in the fall that helped bolster the holiday season.
Navient cancels $1.7 billion in student loans following settlement
Navient, a major student loan servicing company, has settled allegations of abusive lending practices for $1.85 billion.
Navient, a major student loan servicing company, has settled allegations of abusive lending practices for $1.85 billion.
Consumers paying more as inflation hits 40 year high
Inflation has increased at its fastest pace since the 1980s, according to a new report by the US Labor Department.
Inflation has increased at its fastest pace since the 1980s, according to a new report by the US Labor Department.
US Army offering $50K bonuses to recruits amid ongoing COVID-19 pandemic
The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who sign up for six years.
The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who sign up for six years.
US shoppers 'astounded' by thinning grocery store supplies: 'It's just empty shelves'
"It's like a Soviet store during 1981. It's horrible," one man said.
"It's like a Soviet store during 1981. It's horrible," one man said.
Inflation surges in December to highest rate since 1982
Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America's households.
Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America's households.
Bank of America cuts overdraft fees
Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks.
Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks.
IRS tax-filing season to kick off on Jan. 24
The tax-filing season will end a few days later than usual this year.
The tax-filing season will end a few days later than usual this year.
Front-line workers lost savings during pandemic shutdowns, study shows
Americans added almost $4 trillion dollars to their savings accounts, but almost all of it went to the wealthiest 20 percent, according to a new economic study.
Americans added almost $4 trillion dollars to their savings accounts, but almost all of it went to the wealthiest 20 percent, according to a new economic study.
National Championship could lead to more NIL deals for Georgia players
While pride is on the line between the Dawgs and the Alabama Crimson Tide, this is the first season that winning it all could also lead to more endorsement deals for players.
While pride is on the line between the Dawgs and the Alabama Crimson Tide, this is the first season that winning it all could also lead to more endorsement deals for players.
Powerball winning numbers for Wednesday, January 5, 2022; $630M jackpot
Here are the winning Powerball numbers for Wednesday, January 5, 2022. The Powerball jackpot has climbed to an estimated $630 million, the seventh-largest jackpot in the game’s history.
Here are the winning Powerball numbers for Wednesday, January 5, 2022. The Powerball jackpot has climbed to an estimated $630 million, the seventh-largest jackpot in the game’s history.
New tax rule requires PayPal, Venmo, Cash App to report annual business payments exceeding $600
Millions of small business owners who rely on payment apps like Venmo, PayPal and Cash App could be subject to a new tax law that just took effect this month.
Millions of small business owners who rely on payment apps like Venmo, PayPal and Cash App could be subject to a new tax law that just took effect this month.
Child tax credit 2021 payments: How to know if you owe, IRS letter to watch for
Families who received monthly payments as part of the expanded Child Tax Credit program in 2021 should look out for this letter from the IRS ahead of tax season.
Families who received monthly payments as part of the expanded Child Tax Credit program in 2021 should look out for this letter from the IRS ahead of tax season.
Powerball jackpot climbs to $610 million
2022 comes with another shot at winning the massive Powerball lottery after no winners on Monday.
2022 comes with another shot at winning the massive Powerball lottery after no winners on Monday.
Getting out of debt is a top New Year's resolution, study finds
Most consumers are considering a financial New Year's resolution, according to a recent study from Fidelity. Keep reading to learn how you can meet your financial goals in 2022.
Most consumers are considering a financial New Year's resolution, according to a recent study from Fidelity. Keep reading to learn how you can meet your financial goals in 2022.