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!)

TheStreet

An IRS offer in compromise (OIC) can help people with big tax debts pay less than they owe. Learn more about this program.

Offer in compromise: The IRS tax debt compromise program

SmartAsset

When considering tax-efficient investment options, many investors wonder which mutual funds are tax-exempt. These funds, usually municipal bonds, generate income that is often exempt from federal and sometimes state and local taxes. For investors in higher tax brackets, tax-exempt mutual funds can provide an attractive way to preserve more of their earnings. If you're looking […] The post How to Find Tax-Exempt Mutual Funds appeared first on SmartReads by SmartAsset.

How to Find Tax-Exempt Mutual Funds

Retirement Daily

Understand the IRS's final regulations on required minimum distributions (RMDs) under the 10-year rule and how they impact beneficiaries of retirement accounts.

IRS Proposes New RMD Regulations: Impact on Retirement Planning

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

An extra check is coming your way if you collect social security!

Social Security Recipients Can Expect to Receive an Extra Payment In August

Savings rates have been hot since the early days of 2022. As the Fed steadily raised the federal funds rate 11 times to combat high inflation, borrowing money with a credit card or loan became more expensive. But banks also raised rates on consumer products like savings accounts and certificates of deposit.

Don’t Sleep on This Online Bank. It Has the Highest Savings Account Rate Right Now

Brazil's Securities and Exchange Commission (CVM) has approved a spot Solana exchange-traded fund (ETF). According to local business publication exame, the ETF, created by Brazilian asset manager QR Asset and operated by fund administrator Vortx, is in a pre-operational phase, pending approval by Brazilian stock exchange B3. The ETF will...

Solana ETF Approved by Brazilian SEC

McPhersonBuzz News

The IRS will soon issue tax refunds to help with expenses, while upcoming changes to Social Security work credits and proposed tax reforms in “Project 2025” could affect your retirement planning and financial stability. IRS Tax Refunds Coming Soon – What You Need to Know About Social Security Work Credits and 2025 COLA According to […]

$1,730 to Earn One Credit: IRS Tax Refunds, Social Security Work Credits, and “Project 2025” Tax Reforms – What You Need to Know!

How much to save for retirement by age 60 depends on several factors. Several financial planners recommend saving 8 to 9 times your salary by age 60. There are several steps everyone can take to help reach their magic retirement savings number. There isn't a one-size-fits-all answer. The closer we...

Here's How Much You Should Have Invested for Retirement at Age 60

Wisconsin State

The US Sun

AMERICANS can get payments from a major interest rate settlement. Big Picture Loans, a private money lender, is paying out big bucks after allegations it charged excessive interest rates. The company is known for offering thousands in loans to people with bad credit and then charging high interest rates. Those high rates can make the […]

Americans can claim one-time payment from $65 million interest rate settlement – but it depends on which state you live

Indian cryptocurrency exchange WazirX announced plans to restore all user account balances to their state as of July 18, 2024, at 1 PM IST, when the exchange lost $230 million to attackers. According to the Aug. 8 announcement, this measure is in response to a severe cyberattack that occurred that...

WazirX Restoring Account Balances to What They Were Before the $230 Million Hack

The IRS requires seniors to start taking distributions from tax-deferred retirement accounts starting the year after they turn 73. If you plan in advance and think long term, a couple strategies can lead to lower RMDs now and in the future. If you're still working, you may get some relief...

3 Ways to Reduce or Avoid Required Minimum Distributions (RMDs) in 2024 That Everyone Should Know

Georgia State

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Appling County, GA

Daily Coffee Press

A 40-year-old man from Appling County, Christopher Eric Stone, with a significant criminal history, was recently sentenced to over five years in prison after pleading guilty to possession of methamphetamine with intent to distribute, according to officials from the Department of Justice.

Georgia Man Sentenced to Over 5 Years for in Federal Prison for Meth Distribution

Scottsdale, AZ

When computer scientist and Bitcoin pioneer Hal Finney died in 2014 from complications from ALS, his body was cryopreserved by the Scottsdale, Ariz.-based Alcor Life Extension Foundation. For many in the life extension and transhumanist community, the idea of cryopreserving one’s body offers the hope of a kind of immortality, with the possibility of being revived in the future when a cure for their cause of death is found.

Meet the Cryonics Company Preserving Bitcoin Legend Hal Finney’s Body

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

The Solana price has shot up by double digits overnight, as meme coins built on its blockchain surged. Per data from CoinGecko, SOL is currently trading at $153.50, up 11.8% on the day—though it remains down by over 16% on the week following Monday's spectacular crypto crash. In the...

Solana Price Jumps Double Digits as Pump.fun Meme Coins Surge

Lower fees and more. Explore investment flexibility, transparency, and fiduciary protection differences between CITs and mutual funds in your 401(k).

Benefits of Investing in a CIT Instead of a Mutual Fund in 401(k)

A New York court on Wednesday ordered fintech company Ripple to pay a $125 million fine in its lawsuit with the Securities and Exchange Commission (SEC). But the civil penalty is significantly less than the $2 billion sought by the SEC in the long-running feud between the crypto giant and the Wall Street watchdog.

Ripple to Pay $125 Million Fine for Unregistered XRP Sales

Florida State

Jacksonville Today

Gov. Ron DeSantis has issued a state of emergency in Northeast Florida and across much of the state as a tropical system appears almost certain to develop. The National Hurricane Center said Friday morning that a tropical wave has a 90% chance of developing into at least a tropical depression over the next seven days. Most models show it moving into the Gulf of Mexico and then coming ashore and crossing the state, possibly moving over Northeast Florida.

Tropical system is nearly certain to develop

NewsBreak

IRS Updates Crypto Tax Form, Drops Wallet Address Requirement

U.S. tax authorities have unveiled a revised form for crypto investors, with the aim of simplifying digital asset holders’ taxes. The 1099-DA, released as a draft...

IRS Updates Crypto Tax Form, Drops Wallet Address Requirement

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