Changing tax laws can be confusing in the best of times. Add on the complications brought about by COVID-19? Suddenly everything is even more complicated. But there’s no need to sift through endless information online to figure out which tax updates will be relevant to you — we’ve gathered the top seven 2021 tax changes
People, many wearing protective face masks, walk past Christmas market stalls near the Cologne Cathedral (Kölner Dom) during the fourth wave of the coronavirus pandemic on November 30, 2021 in Cologne, Germany. Andreas Rentz | Getty Images News | Getty Images Germany’s Christmas markets are a huge draw for international tourists, with the country’s major
In this article 9618-HK 700-HK JD.com plummeted Thursday after Tencent announced it will be giving most of its shares in the Chinese e-commerce giant away to its shareholders. Tencent said it will declare a one-time dividend in which it will distribute more than 457 million Class A ordinary shares of JD.com to shareholders, with a
On Sunday, Elon Musk tweeted a TikTok of an interview between Bill Gates and David Letterman in 1995, asking, “Given the almost unimaginable nature of the present, what will the future be?” In the video, Gates describes the internet to Letterman, which was new and strange to most at the time. After showing the clip, the TikTok user who
DjelicS | E+ | Getty Images If you still have money in your flexible spending account, be aware that you may have only another week or so to spend it. Congressional action loosened FSA rules for 2020 and 2021 as a way to give workers more time to spend unused funds, yet many companies did
A For Sale sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images The already competitive housing market is getting even more so, and that is now cutting into mortgage demand. Even a small drop in interest rates couldn’t bring more buyers in, although it did boost refinance demand
A pedestrian wearing a protective face mask walks past a street-art mural by French street artist JBC, in tribute to health workers depicting a nurse wearing a protective face mask in reference to coronavirus disease (COVID-19) on March 24, 2021 in Paris, France. Chesnot | Getty Images Nearly two years into the Covid-19 pandemic, reported
Stock futures were slightly higher Wednesday evening following the second trading day in which equities climbed higher, as investors looked past earlier jitters about the spread of the omicron Covid variant. Futures contracts tied to the Dow Jones Industrial Average added 0.06%. S&P 500 futures rose 0.1% and Nasdaq 100 futures gained 0.06%. In regular
Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Robyn Beck | Pool | Reuters Responding to political attacks on his wealth and taxes, Elon Musk said his wealth “is not
Supporters demonstrate in favor of Build Back Better on the Senate Steps of the U.S. Capitol on Dec. 15, 2021. Leigh Vogel | Getty Images As the Build Back Better bill and the new government aid it promised stalls on Capitol Hill, millions of Americans who may have been expecting more help amid the pandemic
Attendees crowd an aisle on the trade show floor during the 2015 International Consumer Electronics Show (CES) in Las Vegas, Jan. 6, 2015. Steve Marcus | Reuters Canceled Broadway shows. Shuttered restaurants. Lines of people wrapped around the block at walk-in medical clinics. Businesses sending their employees home. It sounds like a flashback to March
It’s that time of year when we review which items of the tax code are scheduled to expire or otherwise change in just a few days. An eclectic group of temporary tax policies approach their expiration dates, but at the last minute typically hitchhike onto must-pass legislation for another temporary extension. Not so this year,
Hannah Longoria attends a makeshift memorial on November 7, 2021 at the NRG Park grounds where eight people died in a crowd surge at the Astroworld Festival in Houston, Texas. Thomas Shea | AFP | Getty Images Members of the House Oversight Committee said Wednesday they are launching a bipartisan investigation into the events that
In this article TSLA BABA KMX BB CAT CAMP Check out the companies making headlines before the bell: CarMax (KMX) – The auto retailer’s stock jumped 5.1% in premarket trading after CarMax beat estimates on the top and bottom lines for its latest quarter, as well as posting comparable dealer sales that were above analyst
Sen. Joe Manchin, D-W.Va., walks outside of the Senate Chamber on Capitol Hill on Dec. 9, 2021. Kent Nishimura | Los Angeles Times | Getty Images The “backdoor Roth” tax strategy used largely by wealthy retirement savers and slated to be killed next year has survived — for now. The loophole lets rich 401(k) and
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Stock options gained popularity on Main Street this
A graduate who calls himself “April Vendetta” protests student debt in New York’s Washington Square Park on May 19, 2021, after New York University’s virtual commencement ceremony. Timothy A. Clary | AFP | Getty Images Most Americans want the government to forgive at least some of the $1.7 trillion in outstanding student loan debt. Some
HOUSTON, TEXAS – AUGUST 12: A newly sold home is shown on August 12, 2021 in Houston, Texas. Home prices have climbed during the pandemic as low interest rates and working from home has become more abundant. Home prices around the country continue to surge in the second quarter as strong demand continues to overwhelm
Testing so far hasn’t been a big part of the U.S. strategy to manage the Covid pandemic, but that’s set to change soon. On Tuesday, the White House the U.S. is purchasing 500 million at-home Covid tests that Americans can order for delivery to their homes for free. Deliveries, however, will not start until January.
A top strategist suggests the market is settling down. Despite Covid-19 omicron risks, Oppenheimer Asset Management’s John Stoltzfus suggests Tuesday’s market bounce is real. “We believe in it. We think investors should as well,” the firm’s chief investment strategist told CNBC’s “Trading Nation.” “The selling that we’ve seen over the last few days was overdone.”