PERSONAL FINANCES

Decoding the 1099-K form for the self-employed

Decoding the 1099-K form for the self-employed

1099-K: the basics Tax season requires some planning and organization for everyone, and that’s especially true when you’re self-employed. In addition to tracking business-related expenses, you’ll likely need to track income streams for multiple clients. Get every dollar you deserve with unlimited tax advice from experts who know self-employment taxes inside out. Whether you’re a …

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Buy Now, Pay Later: New Rules Consumers Should Know

Buy Now, Pay Later: New Rules Consumers Should Know

Buy now, pay later Consumer models are taking the US payments industry by storm. BNPL’s payment models resonate primarily with US online shoppers, who make a modest upfront payment and pay the remaining balance on scheduled due dates – often four payments made over four months. Currently, BNPL mobile apps such as Klarna, Afterpay and …

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US credit card debt continues to climb (blame higher prices)

US credit card debt continues to climb (blame higher prices)

Financial debt is to consumers what an interception is to NFL quarterbacks – a big step backwards, only on the wrong side of the financial grill. Yet that’s exactly where a growing number of American credit card consumers find themselves in the second half of 2022, with plastic debt a growing problem. CreditCards.com has the …

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American retirees don't wait 70 years to collect Social Security

American retirees don’t wait 70 years to collect Social Security

The US government makes no secret of the fact that the longer you wait to collect Social Security, the more money you collect. In fact, the concept is quite simple. Here’s the deal, straight from the US Social Security Administration. If you start receiving retirement benefits at age . . . 67, you will receive …

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Five Things You Probably Don't Know About Your 401k (But Should)

Five Things You Probably Don’t Know About Your 401k (But Should)

US investors hold $10.4 trillion in assets of 401,000 in the first quarter of 2022, making 401,000 by far the popular choice for Americans saving for their retirement years. With all that treasure hidden in 401k plans, you’d think retirement investors would take the time to find out exactly what’s in their retirement plans, so …

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