The IRS has made some pretty big inflation adjustments in 2023, affecting the standard deduction, marginal tax rate and more. Lisa Greene-Lewis, TurboTax tax expert and CPA, explains.
The pandemic was the initial disrupting factor for the supply chain’s current challenges. But geopolitical challenges, inflation and economic uncertainty have also helped keep the components market unbalanced. The growth of technologies like 5G, artificial intelligence and cloud computing continue to enab...
It is not easy for anyone right now. But gig workers can keep up with and even beat inflation. There are three things to consider and do as a gig worker to beat inflation. 1. There Is No Earning Cap As a gig worker,you can make as much as you want. ...
Investing in the financial markets might sound like one of the scariest parts of managing your finances, but it’s also potentially the most rewarding. While major declines in the market can be frightening, investing is one of the few ways to outpace inflation and grow your purchasing power ov...
Now, to some, inflation is bad news because they don’t know how to use inflation to get richer. So, instead, inflation makes them poorer. For instance, employees are hurt by inflation because they can only sell their time, and time generally does not hedge against inflation well. Raises...
"Right now, so many people are unemployed, so many people are in debt, you don't need to internalize that and let it hurt you," she says. And keep in mind the exterior forces working against you: inflation goes up while wages stay stagnant, the cost of health care and higher educatio...
As Fed chair Jerome Powell said, the Fed’s “overarching focus right now is to bring inflation back down to our 2 percent goal. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. ...
And timing is critical. If the economy has already bottomed out and begun to recover by the time checks go out in May or June, the extra money could drive up inflation. Tax breaks for business What's the plan?Will it work?Whom will it help most?What's the...
Saving money is like climbing a mountain. Instead of thinking about how hard it will be to get to the top, focus on the first step. Then, focus on the next one -- and the one after that. Every dollar you save can help you in the future, especially when inflation is squee...
Just How Bad Is Inflation Now? President Donald Trump promised to lower costs on his first day in office. This is how it’s going so far. Tim SmartandJaclyn Jeffrey-WilenskyApril 11, 2025 How to File a Tax Extension If you need extra time to file your tax return, yo...