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Author: Elisabeth Buchwald, USA TODAY

Money

2023 tax season guide for new parents: What to know about the Child Tax Credit and more

January 24, 2023January 24, 2023Elisabeth Buchwald, USA TODAYComments Off on 2023 tax season guide for new parents: What to know about the Child Tax Credit and more

Had or adopted a child in 2022? What new parents need to know about tax credits and deductions. Importantly,
the enhanced Child Tax Credit went away in 2022.

Money

5 ways your finances could be impacted now that the U.S. hit the debt ceiling

January 19, 2023Elisabeth Buchwald, USA TODAYComments Off on 5 ways your finances could be impacted now that the U.S. hit the debt ceiling

The U.S. hit the debt limit on Thursday. If Congress fails to raise it, Social Security, your investments could take a big hit.

Money

What are the 2022 US federal tax brackets? What are the new 2023 tax brackets? Answers here

January 18, 2023February 15, 2023Elisabeth Buchwald, USA TODAYComments Off on What are the 2022 US federal tax brackets? What are the new 2023 tax brackets? Answers here

2022 tax bracket guide: Which tax bracket am I in for 2022? What are the new IRS tax brackets for 2023?

Money

Is the stock market open on Monday for MLK Day 2023?

January 13, 2023Elisabeth Buchwald, USA TODAYComments Off on Is the stock market open on Monday for MLK Day 2023?

The stock market will be closed on Monday for Martin Luther King Day. The bond market will also be closed. Both will close at the usual times Friday.

Money

1099-R,1099-K, W-4, W-2, W-9, 1040 and more: What are these forms when filing your taxes?

January 12, 2023April 17, 2023Elisabeth Buchwald, USA TODAYComments Off on 1099-R,1099-K, W-4, W-2, W-9, 1040 and more: What are these forms when filing your taxes?

There are a lot of different tax forms the IRS requires you or your employer to fill out. Some of the most common ones are the W-2, W-4, 1099 and W-9.

Money

Wage growth in 2022 showed signs of slowing. Is it enough to avert a recession?

January 11, 2023January 11, 2023Elisabeth Buchwald, USA TODAYComments Off on Wage growth in 2022 showed signs of slowing. Is it enough to avert a recession?

Slowing wage growth is key to getting inflation under control. That could reduce the risk of a recession. But 2022 levels are too high for the Fed.

Money

Tax deadlines to keep in mind with Tax Day coming up

January 9, 2023April 5, 2023Elisabeth Buchwald, USA TODAYComments Off on Tax deadlines to keep in mind with Tax Day coming up

Taxes are due by April 18 unless you file for an extension or live in parts of Mississippi, Georgia and other states that had recent natural disasters

Money

What is a richcession? Term coined by reporter hints at new type of recession in 2023.

January 6, 2023Elisabeth Buchwald, USA TODAYComments Off on What is a richcession? Term coined by reporter hints at new type of recession in 2023.

Is it time to get ready for a richcession? A Wall Street Journal reporter thinks so. Here’s what that could mean for a recession that hits in 2023.

Money

December jobs report updates: Nonfarm payroll employment increased by 223,000

January 6, 2023January 6, 2023Elisabeth Buchwald, USA TODAYComments Off on December jobs report updates: Nonfarm payroll employment increased by 223,000

The latest jobs report shows employers added 223,000 jobs, unemployment fell to 3.5%. What’s that mean for interest rates, the odds of recession?

Money

Should we file taxes jointly or separately? A guide for couples who said ‘I do’ in 2022

January 5, 2023January 5, 2023Elisabeth Buchwald, USA TODAYComments Off on Should we file taxes jointly or separately? A guide for couples who said ‘I do’ in 2022

Should married couples file their taxes jointly or separately? You could get a bigger tax refund by filing jointly but there are other considerations.

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