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Fraud scheme preying on elderly nets eight-year sentence 05/06/2021 07:19pm • GREENBELT, Md. (AP) — A Maryland man has been sentenced to eight years in federal prison for running a fake lottery scheme that scammed more than 100 elderly people out of more than $775,000. Twenty-six-year-old Keno Romario Brow of Hyattsville was sentenced Thursday after being convicted in Ma DC launches $2.5 million tourism marketing campaign 05/06/2021 08:39am • Destination DC, the tourism marketing arm of the District, has shed light on just how much damage the pandemic has caused to D.C.’s tourism industry, and what they plan to do to bring tourists back this year. Between March 2020 and March 2021, visitor spending in D.C. was down 68%, or $6.1 bill Alexandria lowers property tax rate, makes DASH buses free 05/06/2021 06:13am • Alexandria's property tax rate will go down for the first time in 15 years, and the Virginia city eliminated fares on the DASH bus system when the Alexandria City Council approved its budget for the next fiscal year. The budget of $770.7 million is 2.3% smaller than the current year's spending pl Tips for Advisors to Navigate the May 17 Tax Deadline 05/06/2021 12:00am • The IRS extended the 2021 tax filing deadline for 2020 taxes from April 15 to May 17. This extension is the IRS's way of helping American taxpayers "navigate the unusual circumstances related to the pandemic," IRS Commissioner Chuck Rettig wrote in a statement. The IRS is giving extra support to vi Franchot, Kopp slam Md. agencies over their late-filed contracts 05/05/2021 05:50pm • This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today. How long does it take to fax a three-page report from one agency to another during a pandemic? That question produced friction among memb Fairfax Co. lowers property tax rate, ups school funding to get past pandemic funk 05/05/2021 07:37am • Fairfax County's newly adopted budget aims to help residents in the Virginia county weather the yearlong economic dark clouds that arrived with the coronavirus pandemic. The Fairfax County Board of Supervisors on Tuesday passed a $4.5 billion spending plan for fiscal year 2022 that lowers the res The Best Cell Phone Plans for Seniors 05/05/2021 12:00am • Owning a smartphone can be expensive, especially once you include texting, data and mobile hotspot connections. However, many communication companies have a variety of options and prices to accommodate different needs, including phone plans designed specifically for senior citizens. The top cell ph Everything You Need to Know About EBITDA 05/05/2021 12:00am • Investors should use a variety of tools for understanding a company's valuation before buying its stock. One of those valuation measurements is called EBITDA, an acronym for "earnings before interest, taxes, depreciation and amortization." While it shouldn't be used alone, EBITDA can provide investo Q&A: The American Rescue Plan and Planning for the Special Needs Community 05/05/2021 12:00am • The latest round of stimulus checks have hit the bank accounts of millions of eligible Americans. This set of economic impact payments was authorized by the American Rescue Plan Act of 2021. While stimulus checks are not new, the 2021 act is different from previous pandemic relief bills in that it WTOP TOP 10 Contest 2021 Rules 05/04/2021 02:00pm • WTOP News – Nominate Your TOP 10 favorite Local Restaurants Official Rules NO PURCHASE OR PAYMENT NECESSARY. A PURCHASE WILL NOT IMPROVE YOUR CHANCES OF WINNING. VOID WHERE PROHIBITED BY LAW. BY ENTERING THE CONTEST, EACH ENTRANT AGREES TO THESE OFFICIAL RULES. Eligibility: To enter the Advisors Recommend Caution Ahead of Potential Capital Gains Tax Changes 05/04/2021 12:00am • Recently, financial advisors have been fielding calls and emails from clients concerned about President Joe Biden's proposal to raise the capital gains tax. The measure would double the tax on investments held for more than one year and apply to investors with annual income over $1 million. Biden is Guide to Low-Cost Index Funds 05/04/2021 12:00am • The argument in favor of low-cost index funds is simple: Active funds cost more and are less likely to live up to their promises. According to S&P Dow Jones Indices Risk-Adjusted SPIVA Scorecard: Year-End 2020, after adjusting for volatility, the majority of actively managed domestic funds acro What Advisors Should Know About SLATs 05/03/2021 12:00am • Financial advisors are taking a closer look at estate planning strategies as the administration of President Joe Biden eyes lower federal exemption levels on estate and gift taxes. Interest in spousal lifetime access trusts, also known as SLATs, has picked up among high-income clients. Even if no c 5 of the Best Tech Stocks to Buy for May 05/03/2021 12:00am • Tech stocks are off to a weak start in 2021. The Nasdaq-100 -- an index that tracks the biggest tech stocks -- has underperformed the broader S&P 500 by four percentage points year to date. Investors have rotated from tech to reopening stocks as the economy picks up steam. That makes sense. Cer How to Save Money for Your Kids 05/03/2021 12:00am • Starting a family almost always means parents will need to make adjustments to their finances. From buying birthday presents to paying fees for extracurricular activities, raising kids can be costly. "Children tend to be pretty big budget disrupters," says Monica Sipes, senior wealth advisor with E