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Buy now pay later boom shows no signs of slowing this holiday season

Betsie Van der Meer | DigitalVision | Getty Images It is not slowing down. Over the past year, shoppers have been flocking to this option. online shopping has surged amid the pandemic, benefiting fintech companies like Affirm, KlarnaPlease see the following: SquareAfterpay allows users to pay other platforms such as PayPalTo continue in this direction and threaten […]

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Why it’s ‘super important’ to revisit your financial plan for 2022

The start of the new year is not just in January. The anniversary also marks the two year mark since the discovery of Covid-19 in America’s first case. The pandemic was shocking to most people at the time. Today, our lives are not the same as before Covid-19. In the wake of Covid-19’s new variant, […]

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Over $87 billion in federal benefits siphoned from unemployment system

Mike Stocker/South Florida Sun Sentinel/Tribune News Service via Getty Images According to an U.S. Department of Labor report, more than $87 billion of federal unemployment benefits were likely withdrawn from the system in the Covid-19 pandemic. Much of this fraud was due to the siphoning of the funds. In the early days of the pandemic, […]

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How to score a write-off on ‘Giving Tuesday’ if you don’t itemize

Vladimir Vladimirov | E+ | Getty Images Americans will spend Giving Tuesday after a long weekend of holiday shopping to support charity. $2.47 billion from U.S. donors2020 However, many people are unaware that there is a tax benefit for cash gifts in 2021 even though they do not itemize their deductions on the federal returns. […]

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You can deduct up to $300 in charitable donations this year

Keep track of all receipts from donations on Giving Tuesday. Individuals can claim up to $300 and married couples jointly up to $600 in cash donations to qualified charities in 2021. standard deductionOr itemize their taxes. In general, the only ones who do so can deduct donations. However, Covid-era legislation changed this for 2020 and […]

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How deferred interest credit cards can cost you a lot of cash

Black Friday shoppers carry their purchases to a Best Buy in San Carlos (California), U.S.A, Friday, November 26, 2021. Bloomberg | Bloomberg | Getty Images Make sure to understand what you’re signing up for before you take advantage of a special discount or financing deal at a retailer. A majority of credit card companies offer […]

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Here are 5 changes student loan borrowers could see in 2022

recepbg | E+ | Getty Images It is time to say goodbye to student loans. In February the U.S. Department of Education plans to restart payment for millions of Americans who have education debt. Due to the coronavirus pandemic, they were allowed to suspend their payments for nearly two years. However, the borrower may only […]

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Medicare open enrollment ends Dec. 7. Reasons to review your coverage

E+| E+ | Getty Images It’s only a few more days until you can make sure that 2022 Medicare covers your needs. This program’s open enrollment period for fall, which started Oct. 15, closes Dec. 7. While you aren’t required to take action — your 2021 plan generally would renew for next year — experts […]

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Infrastructure bill cracks down on crypto tax reporting. What to know

Chinnapong – iStock Editorial | iStock Editorial | Getty Images According to financial experts, cryptocurrency investors might face higher taxes if the infrastructure bill increases reporting by the IRS. The $1.2 trillion deal calls for mandatory yearly tax reporting from digital currency brokers starting in January 2023 to help pay for President Joe Biden’s domestic spending agenda.  This measure […]

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How to leverage Great Resignation if you want to stay at your job

With r, the job market buzzes with new talentecord numbers of AmericansThis year, employees can quit their jobs to get better wages and more work opportunities from employers looking to hire. If you love your job, and you want to remain with the company you work for, it might seem like you are missing out […]