On Wednesday, the Tax Policy Center (TPC) released estimates on the portion of households with no federal income tax liability, finding that in 2020, about 60.6 percent of households did not pay income tax, up from 43.6 percent of households in 2019. Much of the 2020 increase was due to pandemic-related factors, but the growing
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In this article OLO DIN Rosario Granieri, owner of Pizza Secret, demonstrates how a QR code menu works at Pizza Secret on July 27, 2021 in the Park Slope neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty Images The coronavirus pandemic ushered in the instantaneous, widespread use of QR
lisegagne | E+ | Getty Images So far, two monthly payments totaling $30 billion have gone out to American families with kids through the new enhanced child tax credit benefit. For families that have eligible children but haven’t signed up — likely those that don’t traditionally file a tax return — there is still time
Miracle Messages founder and CEO Kevin F. Adler, right, with community ambassadors Beverly Stevenson and Brian Whitten in San Francisco. San Francisco Chronicle/Hearst Newspapers via Getty Images | Hearst Newspapers | Getty Images More than six years ago, Kevin F. Adler walked the streets of his San Francisco neighborhood with an unusual purpose: He wanted
A Singapore Airlines plane is parked beside Scoots passenger planes on the terminal tarmac at Changi International Airport in Singapore on March 15, 2021. Roslan Rahman | AFP | Getty Images Interest in travel between Singapore and Germany shot up after a so-called vaccinated travel lane between the two countries was announced, which means that
In this article TGT Pedestrians wearing protective masks walk past a Target store in New York, on Monday, Aug. 17, 2020. Jeenah Moon | Bloomberg | Getty Images Target is set to report its fiscal second-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Earnings per
The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images When junior bankers at Goldman Sachs complained about what they called “inhumane” working conditions in an
kate_sept2004 | E+ | Getty Images In August, millions of American families received the second of six advance child tax credit payments — hundreds of dollars per month for those with eligible kids. Just one payment has already helped, data shows. For 56% of families, receiving just the first monthly child tax credit payment in
Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images ARK Invest’s Cathie Wood defended her innovation-focused strategies in the wake of investors betting
In this article PFE 22UA-DE Empty vials of the Pfizer COVID-19 vaccine are seen at a first come first serve drive-thru vaccination site operated by the Lake County Health Department on January 28, 2021 in Groveland, Florida. Paul Hennessy | NurPhoto | Getty Images The Food and Drug Administration is working to approve the Pfizer
In this article CSCO Cisco’s Chairman and CEO Chuck Robbins. Chesnot | Getty Images News | Getty Images Cisco shares moved slightly lower in extended trading on Wednesday after the networking hardware company reported earnings that exceeded analysts’ expectations. Here’s how the company did: Earnings: 84 cents per share, adjusted, vs. 82 cents per share
In this article HOOD Newly public stock trading app Robinhood is not looking to do a secondary offering to take advantage of its retail investor-driven share price rise, according to the company’s chief financial officer. “It doesn’t resonate with me to call Robinhood a meme stock,” Robinhood CFO Jason Warnick told CNBC’s Kate Rooney on “Squawk
One year ago, rising cases of coronavirus put an abrupt halt to the fall semester on many college campuses, just as classes got underway. This year, the delta variant is threatening to shut down schools once again. And the possibility of more campus closures has sparked renewed interest in college refund policies and tuition insurance.
Esther George at Jackson Hole, Wyoming David A. Grogan | CNBC The Federal Reserve’s annual Jackson Hole, Wyo., symposium will take place virtually this year due to Covid risks, the Kansas City Fed announced Friday. “While we are disappointed that health conditions will prevent us from being able to gather in person at the Jackson
In this article GM The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat. Vermont State Police DETROIT – General Motors on Friday said it is expanding its recent recall of Chevrolet Bolt EVs to
In this article BBWI VSCO Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021. Bing Guan | Bloomberg | Getty Images Shares of Victoria’s Secret are tumbling while those of Bath & Body Works are on the rise after the two retailers reported their respective
If you’re shopping for a car and plan to finance your vehicle, you’ll want to consider your credit history and credit scores, which will help determine the kind of auto loan you’re eligible for and what kind of loan terms you might be offered. A good credit score can make a big difference. Your credit
Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images Jeff Bezos flew to space late last month, but his company has lost top talent since the billionaire space founder came
FG Trade | iStock | Getty Images Help may be on the way for workers who lose track of their 401(k) accounts as they move from job to job throughout their careers. Under a proposal included in retirement legislation that’s pending in Congress, an online “lost and found” database would be established to help locate
Getty Images The enhanced child tax credit captured America’s attention this summer as millions of families began receiving payments. But Congress also boosted a lesser-known write-off this year for working families: the child and dependent care tax credit. Often conflated with the child tax credit, the child and dependent care tax credit offers working parents