It's the beginning of tax season and for some, it brings much anxiety. Kimberly Palmer, NerdWallet's Banking Expert, joins Your Cheddar to discuss everything you need to know before April 17th.
One of the biggest questions people struggle with is whether or not to do their taxes themselves. Palmer suggests going through a tax professional if you're self-employed, have complicated investments, had a big life change in the past year or are being audited. In order to file you must have all your paperwork in order which consists of (but is not limited to) your W2, investment income paperwork, and statements for your mortgage and student loan interest.
Once you get all your ducks in a row, how can you fast-track your refund? Palmer suggests filing online. That could get you your refund in as quickly as 7 days. She also says if you add a link to your bank account for a direct deposit you'll get your refund quicker.
With only a few days until Christmas, people are still scrambling to buy gifts for friends and family. Claudia Lombana, consumer and shopping expert, joined Cheddar News to provide tips on how to budget for those gifts.
With the New Year around the corner, it's time to start thinking about resolutions. Many folks begin to think about saving money or cutting down on bills. Caleb Silver, editor-in-chief of Investopedia, joined Cheddar News to provide some tips on tracking debt and staying organized.
Half of U.S. states are raising their minimum wage next year.
Sony's PlayStation 5 console has now passed 50 million units sold.
FedEx decreased its full-year revenue forecast after reporting lower-than-expected quarterly profits in its latest results.
Cora is among dozens of young kids across the U.S. poisoned by lead linked to tainted pouches of the cinnamon-and-fruit puree
The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
Rite Aid has been banned from using facial recognition technology for five years over allegations that a surveillance system it used incorrectly identified potential shoplifters, especially Black, Latino, Asian or female shoppers.
The union representing Southwest Airlines pilots says it reached a new contract agreement in principle with the airline following three years of negotiations.
U.S. Bank has been hit with a $36 million fine for freezing debit cards that distributed unemployment benefits during the pandemic.
