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As the April 15 federal tax deadline quickly approaches, taxpayers are reminded to be vigilant against potential scams that aim to steal personal and financial information. In the past year alone, the IRS received over 294,000 complaints of identity theft, resulting in more than $5.5 billion in tax fraud. Despite the ongoing efforts of the
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As the federal tax deadline approaches, it is crucial to take advantage of any last-minute tax-saving opportunities available. One option to consider is making a pretax individual retirement account (IRA) contribution. This can help reduce your adjusted gross income and potentially lower your tax liability. With a deadline of April 15 for 2023 deposits, you
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The Social Security Administration recently announced a final rule that will significantly impact Supplemental Security Income (SSI) beneficiaries by preventing food assistance from reducing their monthly payments. SSI provides financial support to disabled individuals, the blind, or those age 65 and older with limited income or resources. This change is set to take effect on
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When it comes to investing in cryptocurrency like Bitcoin, it’s important to approach it with caution. Katherine Dowling, the general counsel and chief compliance officer at Bitwise Asset Management, compares investing in cryptocurrency to using cayenne pepper – a little goes a long way. This analogy highlights the volatility and risk associated with digital assets
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