Search

After heated debate, Maryland Senate advances bill to extend tax credit to undocumented immigrants 02/18/2021 12:02am • The Maryland Senate. (Maryland Matters/Bruce DePuyt) This content was republished with permission from WTOP's news partners at Maryland Matters. Sign up for Maryland Matters' free email subscription today. After a lengthy partisan debate on the Senate floor Wednesday, Democratic senators move What Is a Robo Advisor and When to Use One 02/18/2021 12:00am • Americans are investing in greater numbers than ever before. In 2020 alone, investors opened more than 10 million new brokerage accounts, according to JMP Securities. Many of these investors are turning to automated investing with robo advisors, which saw a surge in new account openings in the earl Alexandria's proposed budget plan doesn't feature tax hikes, layoffs 02/17/2021 04:08am • The city of Alexandria, Virginia, has a proposed budget of nearly $768 million to consider — and it doesn't include tax increases. In a special Tuesday night meeting of the Alexandria City Council, City Manager Mark Jinks presented his budget for Fiscal Year 2022. "The operating budget incre How to Apply for Social Security 02/17/2021 12:00am • As you approach retirement and consider applying for Social Security benefits, there are several steps you will need to take. You'll want to research your benefit options, be aware of what to expect and get everything ready before starting the process. The steps to apply for Social Security include: Bitcoin Cash vs. Bitcoin 02/17/2021 12:00am • What is the difference between Bitcoin and Bitcoin Cash? Well, if you're talking about the price itself, the difference is almost $50,000 currently. But each cryptocurrency has a different history. Here's a look at both of these digital currencies and the main differences between them. Bitcoin Cash Taxes may be offset by diaper, feminine hygiene donation 02/16/2021 05:10pm • A Maryland bill would allow deductions of up to $1,000 from state income tax for donations of diapers or feminine products to a qualified charitable organization starting in tax year 2021. Because of the coronavirus pandemic, there is a heightened demand for diapers and feminine hygiene products, Virginia reports $730 million in additional tax revenue from holiday sales 02/16/2021 06:49am • There is still hope for generous raises for teachers and other budget priorities in Virginia, now that the state has more money with which to work. In a letter to the Virginia General Assembly, Gov. Ralph Northam said strong sales tax collections over the Christmas holiday season strengthened the The Pros and Cons of Standard vs. Itemized Tax Deductions 02/16/2021 12:00am • While you don't have much choice when it comes to paying taxes, you can benefit from significant deductions that reduce the amount you owe Uncle Sam. Deductions shield a portion of your earnings from income tax, and they are especially important now that personal exemptions have been eliminated. In How Bitcoin Is Taxed 02/16/2021 12:00am • Bitcoin may be an unregulated asset, but the IRS still wants a share of your transactions. Bitcoin and other virtual currencies are taxable, which means all of your bitcoin transactions must be reported on your tax return. "It doesn't matter to the IRS -- for U.S. taxpayers -- where the bitcoin is Should I Buy a House Now? 02/16/2021 12:00am • For many people, buying a home is one of the biggest decisions of their lives. Purchasing a home can be a fun and exciting prospect, but it's also a huge choice and there are many things that prospective homeowners should consider before deciding to buy. A good first step is to simply ask yourself: How Financial Advisors Establish Themselves as Industry Experts 02/16/2021 12:00am • Influencers aren't just TikTok dancers these days. Anyone growing a business must have some presence as an influencer with a strong personal brand. That's certainly true for financial advisors and others in the financial services industry. Business owners, as the face of their companies, can't be sh Markets Mixed as Oil Prices Rise 02/16/2021 12:00am • The markets finished mixed on Tuesday, with the Dow Jones Industrial Average adding 64 points, or 0.2% and the S&P 500 and Nasdaq falling 0.06% and 0.34%, respectively. The Dow finished at 31,522, another record closing high. Bitcoin breaks $50,000. Bitcoin's price rose to more than $50,000 fo Hogan signs billion-dollar RELIEF Act into law 02/15/2021 05:41pm • Gov. Lawrence J. Hogan Jr. (R) was joined by Senate President Bill Ferguson (D-Baltimore City) and House Speaker Adrienne A. Jones (D-Baltimore County) as he signed The Recovery for the Economy, Livelihoods, Industries, Entrepreneurs, and Families (RELIEF) Act on Monday. Also at the ceremony were H First 100 days of the new administration focuses on vaccine distribution, economic relief 02/15/2021 04:18pm • President Biden has embarked on an ambitious agenda for his first 100 days in office, facing the challenge of ramping up vaccine distribution during the pandemic and providing financial assistance to millions of struggling Americans. His $1.9 trillion Covid relief package has been advancing in co Why you don’t want to be an executor 02/15/2021 07:00am • Being asked to be an executor is an honor you might want to pass up. Settling an estate typically involves tracking down and appraising assets, paying bills and creditors, filing final tax returns and distributing whatever’s left to the heirs. At best, the process is time-consuming. At worst, i