Search

Virginia says error led to shortage in local school funding 01/31/2023 11:28am • RICHMOND, Va. (AP) — The Virginia Department of Education is acknowledging it made a mistake in calculating state aid for K-12 schools, an error that is leaving divisions with less funding than expected. The error stemmed from a failure to reflect last year's decision to hold localities harmles Prince George's County Council to tackle rising rents, tobacco stores  01/30/2023 10:41pm • The council in Prince George’s County, Maryland, is taking up a list of bills on Tuesday, which include efforts at rent control — or rent stabilization as backers of the plan call it. Under the legislation, which easily passed a committee earlier this month, landlords would be prohibited from The Most Tax-Friendly States to Retire 01/30/2023 07:00pm • Reduce your retirement tax bills.Retirees can help their savings last longer by moving to a place with lower taxes. These states don't tax Social Security or pension income. However, they have very different property and sales tax rates, which should also be taken into consideration, according to da Why Tax Refunds May Be Smaller in 2023 01/30/2023 07:00pm • Last year's tax refunds were supersized for many families. Economic impact payments, an increased child tax credit and expanded eligibility for other tax breaks helped boost the average refund to $3,039 in 2022, a 7.5% increase from the year before. Now, many pandemic-related enhancements to tax cre 17 Things You Need to Know About Annuities 01/30/2023 07:00pm • With the retirement playing field littered with crushed investments and dreams, especially in the wake of a global pandemic, the safety of guaranteed income streams looks more attractive each day. Some annuities can provide such a guarantee. Annuities are among the most commonly misunderstood and mi 2 IHG Rewards Credit Cards Debut Bigger Sign-Up Bonuses 01/30/2023 07:00pm • Two of the three IHG Rewards credit cards have new sign-up bonuses -- and one is the card's highest-ever points offer. The bonuses became available Jan. 26 on the co-branded cards issued by Chase. Consumers who regularly spend at IHG hotels and resorts, such as Holiday Inn, Staybridge Suites and Ho Tax Write-Offs You Shouldn't Overlook 01/30/2023 07:00pm • With all the tax law -- and life -- changes over the past few years, it's easy to overlook tax breaks that could be worth hundreds of dollars or more. Several popular breaks from expanded pandemic benefits have expired or returned to regular levels, but the good news is the IRS announced some new on DC has $1.95M to compensate Drizly drivers 01/30/2023 02:20pm • The D.C. Office of the Attorney General has announced a $1.95 million compensation fund for certain Drizly drivers, as part of a settlement with the company over allegations that tips meant for drivers weren’t paid. The compensation is available to any eligible Drizly driver who made delive What Is a 1040 Tax Form and How Does It Work? 01/29/2023 07:00pm • The 1040 tax form is the one most people use for filing taxes. It's not the easiest to understand, though. Form 1040 received an overhaul and revamp in 2018 designed to make it shorter and less confusing. But many experts say it didn't work out that way. "The IRS tried to reduce the form to postcard ETF vs. Index Fund: The Difference and Which to Use 01/29/2023 07:00pm • In 1976, the late founder and chairman of Vanguard Group, John "Jack" Bogle, upended Wall Street's fund managers by launching the first commercially viable index mutual fund, called the First Index Investment Trust. This low-cost vehicle provided investors with exposure to the returns of the S&P How Are Unemployment Benefits Taxed? 01/29/2023 07:00pm • When millions of Americans lost their jobs during the pandemic and filed for unemployment benefits, Congress gave them a temporary break -- they could exclude up to $10,200 of their benefits for tax year 2020. But that break lasted only for one year and unemployment benefits went back to being fully Have Buyer's Remorse With Your Home? Here's What to Do 01/29/2023 07:00pm • Caveat emptor -- buyer beware -- is a well-known phrase in real estate. It refers to instances when buyers must take caution and be smart with their money. If you throw caution to the wind, you could end up regretting your decision. Buyer's remorse isn't uncommon. According to an October survey from How to Claim the Saver's Credit 01/29/2023 07:00pm • Low- and moderate-income workers who save for retirement in a 401(k) plan or individual retirement account could qualify for the saver's credit. This retirement savings contributions credit can be claimed in addition to any tax deduction you earn by contributing to a traditional retirement account. Prince William Co. School Board, supervisors talk security, budget surplus at joint meeting 01/27/2023 05:02pm • This article was written by WTOP’s news partner InsideNoVa.com and republished with permission. Sign up for InsideNoVa.com’s free email subscription today. Prince William’s Board of County Supervisors seemed eager to fund security increases at county high schools and middle schools in a A guide to tax deductions for the self-employed 01/27/2023 08:25am • Are you self-employed and wondering how to maximize your tax deductions for the 2022 tax year? Here's a look at 15 of the best tax write-offs you don't want to miss: -- Qualified business income. -- Mileage or vehicle expenses. -- Retirement savings. -- Insurance premiums. -- Office s