Indices closed out Wednesday’s trading session mixed on Federal Reserve comments. Minutes from April’s Federal Open Market Committee meeting showed a rate hike is somewhat likely for June, but only if economic data warrants it.
Alimony payments are usually taxable for the recipient and deductible for the payer. Learn more in this week’s Tax Tip.
Brands took a breather on Tuesday. Stocks traded lower on a variety of economic news. Consumer prices increased in April. The Consumer Price Index rose 0.4% versus a 0.1% uptick in March and a 0.2% decrease in February.
In the last year, more workers said they’re “very confident” they will have a comfortable retirement. Learn more in this week’s Financial Tip.
Stocks traded higher on Monday. Energy and technology brands led the upswing. West Texas Intermediate crude oil added 3.3% to settle at $47.72 a barrel. Meanwhile, Apple stepped up 4.1% today following news of Berkshire Hathaway’s one billion dollar stake in the tech behemoth.
Don’t believe just because you were auto enrolled in your 401(k) that it is set-it-and-forget-it. Bil Lako, CFP® explains in today’s Marietta Daily Journal. Read the Article.
The PATH Act extended bonus depreciation and made the Section 179 deduction’s higher expensing amount permanent. Read more in this week’s Business Tip.
If you receive Medicaid waiver payments for caring for an individual, these payments may not be taxable as income. Learn more in this week’s Insurance Tip.
Outsized refund or huge tax bill? Adjusting your W-4 may help eliminate surprises next tax season. We explain in this week’s Tax Tip.