There are several rules that apply when claiming capital losses on your taxes. Learn what they are and whether they apply to your situation. How Do I Use Capital Losses to Offset Capital Gains? If you have both capital gains and capital losses, you can use the losses to offset the gains. You would subtract the value of your losses from the value of your gains. This would effectively become a deduction that can lower your taxable income....
These plaintiffs have the resources to hire an attorney and obtain restitution by filing the legal action as a group. Class action lawsuits also relieve courts of the burden of hearing hundreds or thousands of small claims cases. What Are Class Action Lawsuits? Class action lawsuits are often filed against government entities, financial institutions, manufacturers, retailers, or employers. Many are based on allegations of defective products, false advertising, discrimination, or unlawful employment practices....
What’s the Difference Between Coinsurance and Copays? Many health care plans require you to make a copay or pay a fixed amount each time you receive a service. Before reaching your deductible, you’ll pay all costs out of pocket, except for covered preventive services. Once you reach your deductible, you’ll make copays, and your health insurance will pay for services based on the terms of the plan. Typically, you pay the copay directly to the service provider....
The steep rise in demand came as banks relaxed their lending standards, according to a Fed survey of senior loan officers. The survey, released Monday, was taken between June 21 and July 1. “Clearly this is a sign of confidence in the U.S., economy,” wrote Bank of America analysts in a research note on Tuesday. A net 32.0% and 27.1% of banks reported stronger demand for credit card and auto loans, respectively, up sharply from a net 2....
“This weakness in consumer sentiment drives home how problematic surging inflation is for consumers,” Conrad DeQuadros, a senior economic advisor at Brean Capital, said in a commentary. Discouraged consumers are especially worrisome because they are a bellwether for the overall health of the U.S. economy. The worse consumers feel, the more likely they are to curb their spending, and that spending is the economy’s main engine of growth. The Michigan survey is a warning sign that more people could hit a breaking point and tighten their pursestrings, some economists said....
In the worlds of business and the arts, this question often comes up about the difference between a copyright and a trademark and when to copyright something and when to trademark. And the marks are also confusing - which mark do I use when? Copyrights and Trademarks as Intellectual Property (IP) Copyrights and trademarks are both forms of intellectual property., which is a mental creation that has value to a business....
Learn how they function and the different types of corporate board officers, from treasurer to secretary and beyond, to better understand the management structure of a typical corporation. What Are Corporate Board Officers? Corporate board officers are agents of the board of directors of a corporation. That is, they’re elected by the board of directors to execute the decisions of the board. These individuals are generally responsible for the day-to-day operation of the corporation....
The Department of Energy will release an average of 1 million barrels each day from the Strategic Petroleum Reserve (SPR) for the next six months in the longest such tapping of oil reserves in history, the White House said Thursday. The goal is to get the price of gas, derived from crude oil, down from the near-record levels it’s been hovering at for weeks because of the Russian invasion of Ukraine....
Business Mileage Deductions Commuting expenses are generally not deductible because they are considered personal expenses. But driving from your home business to a client location or for business errands is not considered commuting, as long as you can meet the principal-place-of-business qualification. Also, your mileage to work sites and back are business miles that must be supported by written documentation of where you went and how many business miles you traveled....
The United States ranks 16th in the 2020 GRI, which means we have plenty we can learn from the 13 countries where a comfortable retirement is more easily achieved. The top 10 countries were Iceland, Switzerland, Norway, Ireland, Netherlands, New Zealand, Australia, Canada, Denmark, and Germany. Let’s dig into this study and look at the four key areas that were measured: finances in retirement, material well-being, health, and quality of life....
In each case, when you put your money in your Roth IRA toward a particular investment, you earn a return, sometimes expressed as interest. These rates usually vary, but the goal is to take advantage of compounding interest, where each return you gain is reinvested to grow your money further over time. Learn more about how a Roth IRA earns interest and if it’s a good saving and investment strategy for you....
For example, the dollar to yuan exchange rate was 6.9642 on Jan. 2, 2020. That means you would receive 6.9642 renminbi in exchange for one dollar. Why the Dollar to Yuan Conversion Rate Matters When the dollar to yuan exchange rate rises, the dollar is strengthening and the yuan is weakening. The stronger dollar can buy more yuan. The dollar to yuan conversion has become one of the most widely watched exchange rates....
This method takes most of the depreciation charges upfront, in the early years, lowering profits on the income statement sooner rather than later. The theory is that certain assets experience most of their usage, and lose most of their value, shortly after being acquired rather than evenly over a longer period of time. Lowered profits result in lesser income taxes paid in those earlier years. Analyze the Income Statement The double declining balance depreciation method shifts a company’s tax liability to later years when the bulk of the depreciation has been written off....
The ongoing public health and economic crisis have made achieving educational equity even more challenging. In many areas, schools were shut down. This worsened racial disparities, as many low-income families don’t have the WiFi connections or computer equipment needed for long-distance learning. A McKinsey study showed that, as a result, students of color were an additional three to five months behind in math, while white students were one to three months behind....
Yes, the Federal Reserve does have an impact on your life, especially when the economy is in transition, like now. The nation’s central bank influences how much it costs to borrow money on a credit card or through a mortgage and even how much you pay for groceries and gas. In fact, the two are very connected, which is why borrowing costs are on the rise now. If you’re trying to follow it all, you’re likely to hear a lot of terms bandied about....
FHA Loan Highlights First, a few highlights of FHA loans. Even with damaged credit and limited funds for a down payment, you can qualify for a home loan with a decent interest rate. Credit issues: Borrowers with a troubled credit history may have difficulty getting approved by conventional lenders. With FHA backing, you can often get approved with a low credit score and even a history of bankruptcy or foreclosure. Down payment: FHA loans allow you to put down as little as 3....
What’s the Difference Between a Domestic LLC or Corporation vs. a Foreign LLC or Corporation? A domestic business is a business organized in the U.S. under the laws of a state. The business is considered a “domestic” corporation or LLC when it conducts business in that state; think of it as the business’s “home” state. A business is considered foreign when it originates in one state but wants to conduct business in another state....
In a quote, the currency pair is often followed by a bid and ask price, which will reveal the spread and the number of pips between the broker’s bid and ask price. Understanding these terms in a little more depth can help you as you get ready to set up your initial trades. Popular, often-used base currencies include EUR (Euros), GBP (British pounds) AUD (Australian Dollars) and USD (US Dollars)....
Equities (stocks)Fixed-income and debt (bonds)Money market and cash equivalentsReal estate and tangible assets If your portfolio includes investments spread across the four asset classes, it’s considered balanced, which is ideal, because it helps to reduce risk while maximizing return. If your portfolio is heavily concentrated in a limited number of sectors and those sectors underperform, your portfolio will take a large hit. If, though, your portfolio is well-diversified and few asset classes experience difficulties, this won’t impact the entire thing....
The General Discharge Generally, when bankruptcy lawyers use the term “discharge”, we’re discussing the discharge order that the court issues near the end of Chapter 7 or a Chapter 13 case. Often we will call that order the general discharge. The general discharge order signals to the world that the debtor (the person who filed the bankruptcy case) did what they were required to do under the bankruptcy laws and in turn is relieved of the obligation to pay any more on the debts that are dischargeable....
