FinanceBuzz

Whether you're filing your own taxes or you are a professional, understanding what income the IRS doesn’t tax can be very helpful. Here are 10 types of earnings that are not taxed.

10 Types of Income the IRS Will Not Tax in 2024 (Thankfully!)

The United States Internal Revenue Service (IRS) has made significant updates to its crypto taxation form, 1099-DA, which is designed specifically for crypto brokerage accounts. This move is an important step in the overall strategy to organize and explain the procedure of reporting transactions relevant to a digital asset. On...

IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft

The IRS has issued final regulations on inherited IRAs under the SECURE Act. The rules require most non-spouse beneficiaries to deplete inherited retirement accounts within ten years and take annual Required Minimum Distributions (RMDs). This marks a significant change from the previous lifetime “stretch” withdrawal option. The 10-year...

IRS issues new RMD rules for IRAs

TheStreet

Form 8582 helps individuals who earn income from rentals or businesses determine the losses they can deduct on their tax return for that year.

IRS Form 8582: Calculating passive activity losses for real estate

Retirement Daily

Confused about estimated taxes? See how withholding can simplify your retirement.

Estimated Taxes vs. Withholding: What Retirees Need to Know

We may receive a portion of sales if you purchase a product through a link in this article. Maintaining a home can be costly, but savvy homeowners know there are plenty of ways to keep those monthly bills in check. Expert handymen with years of practical experience have shared their top tips to help you save money and boost efficiency. These straightforward, budget-friendly strategies can make a noticeable difference in your energy and water bills. From sealing drafts to optimizing your water heater, these pro tips will help you avoid unnecessary expenses.

Handymen say if you aren't doing any of these things, your monthly bills are higher than they should be

North Carolina State

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Town Talks

If you're considering settling down in North Carolina, Niche has released its annual rankings of the best places to buy a house in the state. The rankings are based on home values, property taxes, home ownership rates, housing costs, and real estate trends.

Where are the best places to buy a house in NC? New report reveals top-ranked cities

SmartAsset

For many people, early retirement means 62. This is the age they can start withdrawing money from their retirement accounts and receive Social Security. For example, let's assume an individual with $425,000 in a Roth IRA, a $1,000 monthly pension, and expect $1,600 in Social Security. Is it going to be enough? As often in […] The post I’m 62 With $425k in a Roth IRA and $2,600 per Month between Social Security and Pension. Can I Retire Now? appeared first on SmartReads by SmartAsset.

I'm 62 With $425k in a Roth IRA and $2,600 per Month between Social Security and Pension. Can I Retire Now?

Not many in the industry anticipated the Bitcoin crash last week or how far it will eventually go. However, crypto analyst Ali Martinez is one of the analysts who expected another crash, and had seemingly managed to predict where the price would eventually bottom. Following his correct prediction, Martinez has now revealed where he expects the BTC price to be headed next.

Analyst Who Predicted Bitcoin Crash To $54,500 Reveals Where Price Is Headed Next

New Jersey State

NJ Spotlight

There’s still plenty of time to apply. The deadline to file for 2023 tax year is Oct. 31. The latest round in the Senior Freeze property-tax relief program began July 15, with the first reimbursement checks issued. The New Jersey Department of the Treasury’s Division of Taxation said it will continue issuing weekly reimbursements as more applications are filed and approved.

Senior Freeze property-tax relief checks are flowing

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Denver, CO

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David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Polk County, FL

Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

Investing in mortgage notes is an alternative path to traditional real estate investments, offering a unique opportunity to diversify your investment portfolio and potentially earn passive income. When you purchase a mortgage note, you are buying the debt and the right to receive the payments from the borrower. Mortgage note investing can be a lucrative […] The post How to Invest in Mortgage Notes appeared first on SmartReads by SmartAsset.

How to Invest in Mortgage Notes

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Newark, NJ

Morristown Minute

NEWARK, N.J. – An Essex County man has been charged with numerous offenses related to narcotics distribution and firearms trafficking. Kyrell Domnie, 39, of Irvington, known by the alias "Fly Ky," was charged by complaint and appeared before U.S. Magistrate Judge Cathy L. Waldor in Newark federal court on July 17, 2024. He remains detained following the hearing.

Convicted Felon Faces Multiple Narcotics and Firearms Charges

Florida State

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Tennessee State

John M. Dabbs

NASHVILLE, Tenn. — The Tennessee Department of Health (TDH) has issued a health alert to clinicians statewide following reports of severe acute illnesses and adverse effects of consuming Diamond Shruumz™ brand chocolate bars, cones, and gummies. The warning comes after the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) received reports of serious health issues linked to these mushroom-containing edible products.

Tennessee Health Alert: Severe Illnesses Linked to Diamond Shruumz™ Products

New Brunswick, NJ

NEWARK, N.J. -A Middlesex County man, Kenneth Strickland, 57Kenneth Strickland, 57, from New Brunswick, has been convicted of his involvement in a large-scale conspiracy to distribute fentanyl and heroin. U.S. Attorney Philip R. Sellinger announced that Strickland was found guilty on July 29, 2024, of all six counts in a superseding indictment.

NJ Man Convicted in Large-Scale Fentanyl & Heroin Trafficking

Europe’s boot just put its foot down regarding wealthy migrants. Italy doubled a flat tax on the foreign income of new residents, upping it from €100,000 to €200,000 annually. When in Rome. One way for the rich to lighten their tax bill is by claiming their tax...

Italy Raises Tax on Wealthy Migrants’ Foreign Income by 100%

NewsBreak

IRS Softens Stance On Crypto: New Draft Eases Tax Filing Burden

The IRS, or US Internal Revenue Service, has unveiled a fresh draft version for the 1099-DA tax form, used by crypto brokers and investors to report...

IRS Softens Stance On Crypto: New Draft Eases Tax Filing Burden

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