money | Common News Update

Apr52021 by adminNo Comments

The IRS can adjust any stimulus check money you’re owed when you file your 2020 tax return. Here’s why

Finance

In this articleIRSA3-ARGetty ImagesThis year's tax season has brought with it a new opportunity to collect any unpaid funds from previous rounds of federal stimulus checks.But the amount you claim could be adjusted by the IRS, the agency said on Monday.A new feature called a recovery rebate credit enables people to claim unpaid stimulus check money they may be missing.To date, Congress has authorized three direct payments to Americans since the onset of the Covid-19 pandemic. That includes a first check of up to $ 1,200 per adult through the CARES Act that was passed in March 2020. That was followed by payments of up to $ 600 per person authorized in December, followed by new checks of up to $ 1,400 per person that the government is in the midst of deploying.More from Personal Finance:F...

Apr52021 by adminNo Comments

Pep Guardiola says Borussia Dortmund ‘pay a lot of money’ to agents ahead of Manchester City’s Champions League clash with German club

Sports

Pep Guardiola has suggested Borussia Dortmund sign some of the most talented youngsters in the game by making big payments to agents. The Manchester City boss praised the quality of the Dortmund squad but made a pointed remark about the way the German club secure their players. Getty Images - Getty Guardiola is a fan of Dortmund’s squad and made an interesting comment about how they recruit their players before City’s clash with the German club Dortmund have landed many of Europe’s most sought-after prospects in recent times, including Erling Haaland and Jadon Sancho, who came through City’s academy. Speaking ahead of the Champions League quarter-final first leg clash with Dortmund at the Etihad on Tuesday, Guardiola said: “If any one pe...

Mar212021 by adminNo Comments

Op-ed: Here are some safe money moves investors should make now

Finance

fstop123 | E+ | Getty ImagesDespite concern over rising bond yields, many investors see today as the best of times.The economy is growing and should get stronger as stimulus checks and child-care tax credits help millions of American families. More people are getting vaccinated daily, raising the prospect of a more open economy. And, at least for now, inflation and interest rates remain low.Given this scenario, how should investors play the rest of the year?I believe that investors cannot actually time the market, no matter the economy's strength or the valuation of the stock market. Instead, through thick and thin, you stick to the same, solid diversified financial plan initially created to build financial independence.More from FA Playbook:Here's a look at other stories impacting t...

Mar162021 by adminNo Comments

NatWest faces criminal proceedings over money laundering regulations

Business

The City watchdog has launched criminal proceedings against bank NatWest for allegedly failing to comply with money laundering rules.NatWest is accused by the Financial Conduct Authority (FCA) of failing to adhere to the regulations between November 2011 and October 2016. The case relates to the handling of funds from a single UK incorporated customer of the bank - which has not been named. Image: Proceedings are being brought by the Financial Conduct Authority NatWest is a subsidiary of state-backed NatWest group, previously known as Royal Bank of Scotland (RBS).The FCA said in a statement: "The case arises from the handling of funds deposited into accounts operated by a UK incorporated customer of NatWest. ...

Mar122021 by adminNo Comments

Stimulus checks and expanded tax credits: Here’s how much money you could end up with

Finance

Getty ImagesBetween stimulus checks and expanded tax credits in the latest Covid-relief package, most U.S. households are poised to get some extra cash.The amount? An average of $ 3,450 for the bottom 60% of earners ($ 65,000 or less), according to research from the Institute on Taxation and Economic Policy. The number reflects direct stimulus payments and expansions of both the child tax credit and the earned income tax credit."The people you'd think need the help are going to get it," said Steve Wamhoff, director of federal tax policy for the institute.More from Smart Tax Planning:This tax pitfall could affect millions due to CovidState tax departments set their sights on pro athletesPeople fled from these high-tax states in 2020Congress on Wednesday gave final approval to the so-calle...