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You’ve heard about writing off your internet bill as a business expense — but can it also count as an education expense? We cover the answer to this question and many more. As virtual learning becomes more prevalent after the pandemic, many students and parents are wondering if there are any new tax benefits for
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IRS commissioner Charles Rettig testifies during the Senate Finance Committee hearing on June 8, 2021. Tom Williams | Pool | Reuters The IRS is still digging through tens of millions of unprocessed tax returns with roughly four weeks until the 2021 filing deadline. But Commissioner Charles Rettig expects the backlog to clear by year-end. The
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In this article GM A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images DETROIT – General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion, the automaker announced Friday afternoon. Softbank
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Luke Sharrett/Bloomberg High gasoline prices are impacting all American drivers — but low-income households bear the brunt of it. That’s because low earners funnel a bigger share of their budgets to transportation costs and other staples, like food and energy, relative to wealthier households. U.S. gas prices had jumped to $4.32 a gallon, on average,
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Most people know Facebook’s dorm-room origin story. But according to Mark Zuckerberg, you might have learned the wrong lesson from it. On a recent episode of the “Lex Fridman Podcast,” hosted by MIT computer scientist Lex Fridman, Zuckerberg said his initial ability to launch Facebook back in 2004 wasn’t because he dropped out of college
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As main street businesses are continuing to make a comeback post-pandemic, they’re facing down the triple threat of supply chain headwinds, labor constraints and historic inflation. For some, borrowing to invest, grow, or simply stay afloat, is top of mind. Data from Goldman Sachs’ 10,000 Small Business Voices “Small Businesses on the Brink” survey finds
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Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller told CNBC on Friday that the central bank may need to enact one
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