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For single taxpayers, the IRS expects a higher tax rate on a smaller chunk of income. Married couples, particularly thos...
02/18/2025

For single taxpayers, the IRS expects a higher tax rate on a smaller chunk of income. Married couples, particularly those filing jointly, typically benefit from lower withholding because the tax system assumes a larger combined income, which is taxed at lower rates for larger brackets. In most cases, you will get a bigger refund or a lower tax bill if you file jointly with your spouse. There are a few situations in which filing separately can be more advantageous, including when one spouse has significant miscellaneous deductions or medical expenses. Married filers typically have less tax withheld than single filers due to higher standard deductions and wider tax brackets. Singles face higher withholding rates, making W-4 adjustments key to avoiding over- or underpayment.

Elon's latest unsolicited attempt to prevent the startup he co-founded CEO Sam Altman, but later departed, from transiti...
02/18/2025

Elon's latest unsolicited attempt to prevent the startup he co-founded CEO Sam Altman, but later departed, from transitioning into a for-profit as it seeks to secure additional capital and maintain its lead in the AI race.

According to a survey from McKinsey, the amount of employees working on-site has doubled in the past year, from 34% to 6...
02/18/2025

According to a survey from McKinsey, the amount of employees working on-site has doubled in the past year, from 34% to 68%. During the same period, the prevalence of remote work declined from 44% to 17%. President Trump weighed in on the subject earlier this week. "I don't think you can work from home," he said, adding that he suspects workers are "gonna play tennis. They're gonna play golf."

The alleged close relationship between JPM Chase and prosecutors will be a central focus in the defense strategy of youn...
02/18/2025

The alleged close relationship between JPM Chase and prosecutors will be a central focus in the defense strategy of young entrepreneur Charlie Javice, who is scheduled to stand trial this week on criminal charges that she fraudulently induced the US bank to her company.

During the ongoing tax season, the IRS is reportedly set to lay off up to 15,000 employees, which constitutes approximat...
02/17/2025

During the ongoing tax season, the IRS is reportedly set to lay off up to 15,000 employees, which constitutes approximately 17% of its workforce. According to sources, these layoffs could commence as early as next week coinciding with the period shortly after the IRS began processing tax returns for the year. Additionally, IRS employees currently engaged in processing tax returns for the 2025 season have been informed they are ineligible for the buyout offers extended by the Trump administration until after the tax season concludes.

A U.S.  judge on Friday extended a temporary injunction preventing Elon Musk's Department of Government Efficiency (DOGE...
02/17/2025

A U.S. judge on Friday extended a temporary injunction preventing Elon Musk's Department of Government Efficiency (DOGE) from accessing the Treasury Department systems that handle trillions of dollars in payments.

In the final quarter of 2024, U.S. consumer debt delinquency rates soared to 3.6%, marking their highest level in nearly...
02/17/2025

In the final quarter of 2024, U.S. consumer debt delinquency rates soared to 3.6%, marking their highest level in nearly five years. The rise in delinquencies corresponds with a surge in total household debt, now reaching an unprecedented $18 trillion. Among the various types of debt, auto loans have seen a significant rise in serious delinquencies, defined as those 90 days or more overdue, hitting 3%, a level observed since 2010. Likewise, credit card debt has seen a significant increase in serious delinquencies, reaching 7.2%, the highest level since 2011.

According to a recent report on consumer debt, credit card balances experienced the most growth in the fourth quarter, i...
02/17/2025

According to a recent report on consumer debt, credit card balances experienced the most growth in the fourth quarter, increasing by 39%.

02/17/2025
Chevron is experiencing industry-wide challenges in the refining sector and anticipates that oil prices may face downwar...
02/17/2025

Chevron is experiencing industry-wide challenges in the refining sector and anticipates that oil prices may face downward pressure over the next two years due global production growth surpassing.

Jamie Dimon, CEO of JPMorgan Chase, unequivocally stated his stance on the company's return-to-office policy during a re...
02/16/2025

Jamie Dimon, CEO of JPMorgan Chase, unequivocally stated his stance on the company's return-to-office policy during a recent town hall meeting with employees. Dimon emphasized that individuals have the option to work at JPMorgan, and went on to state, "the abuse that took place is extraordinary."

Employees have been directed to resume a full five-day workweek on-site.

It's called plausible deniability!!The companies are often unaware if the TikTok owner is utilizing or intends to use th...
02/16/2025

It's called plausible deniability!!

The companies are often unaware if the TikTok owner is utilizing or intends to use the facilities to exploit a legal loophole for accessing high-end Nvidia chips.

President Trump has disrupted the U.S. clean energy industry in less than three weeks by freezing federal grants for pro...
02/16/2025

President Trump has disrupted the U.S. clean energy industry in less than three weeks by freezing federal grants for projects from battery factories to electric school buses. The uncertainty is causing delays in projects and halting investments in areas that supported Trump.

President Trump and Elon Musk have been systematically dismantling federal agencies throughout the government. Many of t...
02/16/2025

President Trump and Elon Musk have been systematically dismantling federal agencies throughout the government. Many of the top officials who were dismissed were overseeing investigations enforcement actions, or lawsuits pending against Musk's companies.

02/16/2025
Are there any potential benefits to sports betting or gambling in general?The legalization of sports gambling has result...
02/16/2025

Are there any potential benefits to sports betting or gambling in general?

The legalization of sports gambling has resulted in unprecedented online harassment of players. Knicks star Jalen Brunson said his family, including his daughter, has received threats. He is subjected to racialurs. They are requesting payment.

Roc Nation announced that Kendrick's halftime performance was watched by 133.5 million, surpassing Michael Jackson's 133...
02/15/2025

Roc Nation announced that Kendrick's halftime performance was watched by 133.5 million, surpassing Michael Jackson's 133 million viewers, making it the most-watched Super Bowl halftime show of all time.


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