Eligible taxpayers who don’t file promptly stand to lose money from refundable tax credit programs. More than 1.1 million taxpayers who failed to file 2021 tax returns have only a few days left to file and potentially claim refunds, according to the Internal Revenue Service. “The IRS estimates more than $1 billion in refunds remains
High volatility in the market was driven by headlines from Washington and rising bond yields. News Analysis U.S. stocks continued their roller-coaster ride this week, driven by rising Treasury bond yields and media headlines that stirred investor sentiment. All major averages posted weekly gains, thanks to two strong rallies on April 9 and April 11,
The Coalition campaign launch will be held in Sydney on April 13. Labor will launch an official campaign in Perth. A Dutton government will offer a tax cut of up to $1,200 (US$750) to more than 10 million working Australians in the next financial year if elected on May 4. Liberal leader Peter Dutton is
Infection from the pathogen can cause diarrhea and severe headaches, and pregnant women may suffer miscarriages or stillbirths. California-based Duda Farm Fresh Foods Inc. is recalling celery sold in nearly 30 states due to potential contamination with Listeria, the company said in an April 10 statement published by the Food and Drug Administration (FDA). The
Rates on the benchmark 30-year fixed mortgage have climbed above 7 percent amid tariff and bond market turbulence. Mortgage rates topped 7 percent Friday amid a bond market selloff as markets absorbed the latest developments in U.S. trade policy and global responses. The average rate on a 30-year fixed mortgage jumped 13 basis points to
Tech companies like Apple stand to gain relief from the exemption. President Donald Trump exempted a range of everyday products, specifically in the electronic category, from reciprocal tariffs while importing into the United States. Items excluded from reciprocal tariffs include smartphones, computers, servers, laptops, tablets, motherboards, processors, memory modules, machines used for manufacturing semiconductor devices,
You got a check from a legal settlement—perhaps from a personal injury lawsuit, a wrongful termination case, or a vehicle accident. You got a settlement from your insurance company, or an exit check from your former employer. Are those payouts taxable? The general rule regarding taxability of amounts received from the settlement of lawsuits and
The 10-year treasury yield, which is directly proportional to mortgage rates, has been on the rise since April 4. American homeowners need to earn about $50,000 more than the typical renter to be able to afford monthly mortgage payments, according to new data from real estate brokerage Redfin. “Americans need to earn $116,633 per year
By Kimberly Lankford From Kiplinger’s Personal Finance Prescription drug costs have risen significantly over the past several years. Among drugs that went up in price from January 2022 to January 2023, the average increase was 15.2 percent, and it was 11.5 percent the previous year, according to the most recent data available from the U.S.
Falling egg and gasoline prices helped to diminish the inflation burden. Producer prices registered an unexpected drop in March, putting the U.S. economy in an increasingly positive inflation climate amid a global trade showdown. New figures released by the Bureau of Labor Statistics (BLS) show that the producer price index (PPI)—a measure of prices paid