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Money & Finance
Tax-time savings tips to help you keep more of your hard-earned money
(BPT) - It’s tax time and Americans are thinking about how they’re going to spend their tax refunds. According to the Internal Revenue Service, the average tax refund was close to $3,000 last tax season, so who wouldn’t want to get that money back in their pocket? On the way to claiming your tax refund, here are some s...
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How to save time and money this holiday season
(BPT) - In the rush of holiday shopping, it’s easy to lose focus and spend too much or to make decisions you later regret. Before you go shopping this year for gifts, decor and your entertaining needs, take the time to sit down and make a plan. With a plan, you’ll save time (and avoid panic attacks) because you’ll kno...
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Six must-follow tips to avoid identity theft during the holidays
(BPT) - While you’re celebrating the season shopping for gifts, decorating your home and hosting festive parties, are thieves having their own celebration with your credit card and identity without you knowing it? The spirit of the holiday season can quickly be dampened if you become a victim of identity theft, but a fe...
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Attention caregivers: Federal benefit checks are going all-electronic
(BPT) - More than 65 million people provide care for a chronically ill, disabled or elderly family member or friend, according to the National Alliance for Caregiving. In addition to providing emotion and physical support, caregivers are often entrusted to help their loved ones carry out financial decisions. If you car...
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Beyond cash back: holiday credit card perks pay off
(BPT) - Hunting for deals and door buster sales this holiday? There are several little-known credit card perks to keep in mind before you reach into your wallet. In addition to cash rewards and extra airline or travel credits, many credit card issuers also offer some valuable benefits which can help you stretch your do...
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Saving money during the holiday season can be easier than you think
(BPT) - If you are like most Americans, you will likely spend an average of $764 on gifts alone this holiday season, according to a Gallup survey. When totaling up the cost of gifts with extra trips to the grocery store, dinners out to toast the season and travel costs to visit loved ones, you’re looking at quite a holi...
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Easy money for your holiday shopping lists
(BPT) - How many people do you have on your holiday shopping list? And how much are you planning – or able – to spend on gifts? The average American will spend slightly more than $700 on holiday gifts this year, ABC World News with Diane Sawyer reports. Some people plan ahead and save up during the year for holiday gifts, but for many others, the holiday shopping season can be a huge drain on savings. If you’re ready to start your holiday shopping, you may be surprised to learn that you ha...
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What you need to know about tax deductions
(BPT) - You probably know tax deductions are an important part of your income tax return and that you want as many as possible. But do you understand how deductions actually save you money or how to determine which ones you can claim on your tax return? “Simply put, deductions lower the amount of your taxable income,” ...
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Older drivers and new cars: What you should know
(BPT) - You’ve spent a lifetime carefully saving your dollars and cents for important life moments – college tuition, a new house and retirement. But as you age, it’s more important than ever to make smart spending and lifestyle decisions. This doesn’t mean that you have to resign yourself to driving a vehicle that was ...
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Expert tips for doing your own taxes online
(BPT) - Thanks to the convenience of online tax return preparation websites, more Americans are doing their own taxes. Do-it-yourself tax preparation solutions give taxpayers a fast, convenient and affordable way to file income tax returns. “Doing your own taxes really isn’t as daunting as it may seem,” says Jessi Dolm...
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Boomers connect at rapid pace
(BPT) - Even though they’re still common, jokes about clueless baby boomers calling their kids to figure out how to use technology are starting to feel outdated. While today’s youngest generations are practically born with tablets, smartphones and laptops in their hands, grandparents are also adopting technology at a st...
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By Andy Sullivan and Kim Dixon WASHINGTON (Reuters) - The outgoing head of the U.S. Internal Revenue Service angered Republican lawmakers on Friday by resisting their demands that he identify who at the tax-collection agency had inappropriately targeted conservative groups for extra scrutiny. But during the first hearing into a growing IRS scandal that could preoccupy Washington for months, Republicans did learn that a top official in President Barack Obama's administration knew that the IRS was looking into targeting by the tax agency nearly a year ago. ...
By Joanne von Alroth SPRINGFIELD, Illinois (Reuters) - The Illinois Senate on Friday voted to approve the use of marijuana for medical purposes, which if signed into law would make it the second-most-populous state in the nation after California to allow the drug's use for medical purposes. The bill, approved by the Illinois House in April, now moves to Governor Pat Quinn's desk to await his signature. Quinn has indicated he is sympathetic to the bill, especially as it would benefit injured veterans. "We fully expect Gov. ...
By Michelle McLoughlin FAIRFIELD, Connecticut (Reuters) - A commuter train traveling eastbound from New York City derailed near the Connecticut suburb of Fairfield during the evening rush hour on Friday and collided with a westbound commuter train, injuring up to 60 people, three critically, officials said. The collision of the two Metro North trains forced Amtrak to shut down service indefinitely between New York and Boston, the national railroad said. Three people were critically injured and 60 people were transported to area hospitals, police said. ...