Personal Finance

New York Attorney General Eric Schneiderman announced on Tuesday that he is investigating at least 13 cryptocurrency exchanges, including the popular platform Coinbase. “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” Schneiderman said in a statement. Schneiderman said he hopes to make
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Starting this week, some consumers may have a higher credit score. Because of improved standards for utilizing new and existing public records, the three major credit reporting companies are now excluding all tax liens from credit reports. That means some scores will head higher, for some by as much as 30 points. Credit scores, notably
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A spokesperson at Intuit’s commercial tax preparer TurboTax said that the IRS’s technical difficulties affects all tax preparers and tax returns. “Taxpayers should go ahead and continue to prepare and file their taxes as normal with TurboTax,” the spokesperson said. “TurboTax has uninterrupted service and is available and accepting e-filed returns,” she said. “We will
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“It’s horrific,” Wofford said “There are disabled veterans who served their country who are financially struggling — and sometimes destitute — who are legally entitled to have their student loans forgiven but it’s not happening.” Indeed, there are likely “tens of thousands” of severely disabled veterans who aren’t aware of their federal student loan forgiveness
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It’s Tax Day and you may have had to cough over some dough to Uncle Sam. To cushion the blow, a growing number of businesses are offering freebies throughout the day. This year, even more retailers are participating with Tax Day deals on everything from margaritas to massages, according to DealNews. “We’re already seeing almost
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Leading automated financial advisers — often called”robo-advisers” — such as Wealthfront and Betterment tout daily tax-loss harvesting as a way to significantly increase your returns. But independent research suggests the technique has less effect than claimed and may be more a gimmick than a true advantage for investors. Tax-loss harvesting explained Tax-loss harvesting is a
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4. Don’t forget what you did last year. Use your return from last year as a cheat sheet. This is especially helpful if you are on the margin between taking the standard deduction and itemizing, which could lower your tax liability. To see whether itemizing makes sense, add up your individual deductions, including unreimbursed employee
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So why is Tax Day on April 17 this year? Basically, it’s due to a combination of the 15th falling on a Sunday and a holiday unique to Washington, D.C., hitting on Monday the 16th. The nation’s capital celebrates Emancipation Day to mark the date that President Abraham Lincoln freed slaves there in 1862. While
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