Why gray divorce is a significant financial risk for women
Laylabird | E+ | Getty Images Breaking up in old age can be costly, especially for women. The rate of “gray divorce” — a term that describes divorce at age…
Big Short’s Steve Eisman worries investors are too bullish in 2024
Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding…
IRS unveils employee retention credit voluntary disclosure program
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS has unveiled a “voluntary disclosure program” for businesses…
Why 401(k), IRA balances fell for some millennial, Gen X investors
Valentinrussanov | E+ | Getty Images Retirement balances for midcareer workers declined between 2019 and 2022, despite gains on financial assets such as stocks during that period, according to new…
IRS rejects 20,000 tax refund claims for employee retention credit
IRS Commissioner Daniel Werfel speaks during an IRS event on August 2, 2023 in McLean, Virginia. Alex Wong | Getty Images The IRS is sending more than 20,000 rejection letters…
Supreme Court case on ‘income’ could have major implications for taxpayers
People exit the Supreme Court building in Washington, D.C. on Tuesday, June 27, 2023. Minh Connors | The Washington Post | Getty Images The Supreme Court is set to hear…
IRS delays rule change for 1099-K on Venmo, PayPal business payments
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters If you received business payments via apps such as PayPal or…
Soft saving trends reshape Gen Z, millennials’ personal finance goals
3 in 4 of Gen Z would rather have a better quality of life than have extra money in their banks, a report by Intuit shows. Athima Tongloom | Moment…
Supreme Court tax case could have sweeping federal policy effects
The Supreme Court in Washington, D.C. Celal Gunes | Anadolu Agency | Getty Images As the Supreme Court starts a new term, experts are closely watching a case that could…
House Republicans push IRS for answers on employee retention tax credit
Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters House Republicans…