Latest in Tax Debt Credit
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Should I pay off my tax debt before my credit card debt? Experts weigh in
Focusing on tax debt first can be a smart move, experts say, but that won't be the case for everyone.CBS News - 15h -
Haven't paid your credit card debt? Here are the legal consequences to know.
Not paying your credit card debt can have serious repercussions, but does that include legal ramifications?CBS News - 2d -
3 signs your credit card debt is overwhelming you, according to experts
Borrowers should recognize these early warning signs to address credit card debt before it becomes unmanageable.CBS News - 1d -
When bankruptcy will (and won't) clear your credit card debt
Bankruptcy can wipe the slate clean of your existing credit card debt, but it won't do that in every case.CBS News - 1d -
How to qualify for a credit card hardship program this spring
If you need extra help with your credit card debt, there are a few ways to qualify for a hardship program now.CBS News - 11h -
21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation
A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as the GOP seeks to overhaul the U.S. tax code. In a new letter dated ...The Hill - 2d -
Consumer credit rose to $5 trillion in January — 'small cracks are starting to emerge,' analyst says
Revolving debt, which mostly includes credit card balances, jumped 8.2% in January, according to the Federal Reserve’s latest consumer credit report.CNBC - 2d -
Credit counseling vs. bankruptcy vs. debt relief: Which path is right for you?
If you're trying to tackle your debt problems, it's important to know what strategy makes the most sense.CBS News - 12h -
Will a collection agency sue over a $5,000 debt?
Debt collectors have the right to sue you over unpaid debts, but they won't always take that route.CBS News - 2d -
The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know
The state and local tax deduction could change in 2025 as lawmakers debate Trump's tax cuts. Here's what to know.CNBC - 8h -
How do you stop wage garnishment by a debt collector?
Having a portion of your paycheck taken for old debt can be frustrating, but there are ways to stop the process.CBS News - 1d -
Protecting yourself from tax identity theft
Karla Dennis is an enrolled tax agent with KDA Incorporated, a tax strategy business. She joined CBS News to discuss how to protect yourself from someone stealing your identity and filing a tax ...CBS News - 1d -
Behind Ontario's tax on electricity for the U.S.
Canada's Ontario province is charging a 25% tax on electricity sent to the U.S. as retaliation over President Trump's tariffs. CBS News' Shanelle Kaul spoke to Ontario's energy minister, Stephen ...CBS News - 2d -
How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.The New York Times - 2d -
How to calculate your Social Security tax obligations
Wondering what you'll pay in taxes on your Social Security benefits? Here's how to do the math.CBS News - 1d -
How the IRS can crack down on ghost tax return preparers
Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.The Hill - 4d -
‘We don’t believe in the velvet rope:' One money manager is giving retail investors access to private credit. But is it worth it?
The exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit.CNBC - 4d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
Democrats says "wealthy tax dodgers" could see less IRS scrutiny amid agency layoffs. Here's what to know.CNBC - 1d -
$1 billion in unclaimed tax refunds to expire soon: How to claim your money
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury if over 1.1 million Americans do not file their tax returns by April ...The Hill - 1d -
Ray Dalio warns that mounting U.S. debt problems could lead to ‘shocking developments'
Bridgewater founder Ray Dalio on Wednesday warned that a "very severe" supply-demand problem regarding U.S. debt could lead to shocking developments.CNBC - 12h -
The etiquette of digital debts among friends
A recent article in the Wall Street Journal looked at the "unspoken rules" of digital payment apps like Venmo and tried to decipher the proper etiquette for requesting money back from friends. The ...CBS News - 2d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
As the IRS faces mass layoffs, Congressional Democrats warn those staffing cuts could undermine the agency’s progress in collecting unpaid funds from “wealthy tax dodgers.”NBC News - 1d -
Senate Republicans push Trump for debt ceiling plan
The Louisiana senator has been tapped to consult with the president on a strategy for avoiding a federal default.Politico - 1d -
Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.The New York Times - 4d -
Businesses bemoan Indian ‘tax terrorism’ and red tape
Officials vow to cut bureaucracy and fiscal burden amid fears they could hurt investmentFinancial Times - 4d -
Kepa pays penalty as Son earns point for Spurs in thriller against Bournemouth
Credit Tottenham for their resilience. Credit their character for coming back into the game. Credit them for battling their way to a point that never really seemed plausible until Son Heung-min ...The Guardian - 3d -
The US economic trump card
There is huge scope for householders to tap home equity lines of creditFinancial Times - 2d -
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Fintech stocks plummet as Wall Street worries about consumer spending, credit
Fintech stocks were some of the biggest decliners on Monday as the Nasdaq suffered its steepest drop since 2022.CNBC - 2d -
CEO of Saffron Road food company credits "immigrant journey" for his success
Adnan Durani started his company Saffron Road in 2010 to bring foods from different cultures of the Silk Road to mainstream America. Nikki Battiste spoke to him about how his background as an ...CBS News - 3h -
The U.S. dollar is still the world’s currency — but maybe not for much longer
Concerns are rising about the sustainability of U.S. government debt and spending.MarketWatch - 4d -
Threshold for filing ‘side hustle’ tax return to rise to £3,000 in UK
Cash earnings to increase from current level of £1,000 in boost to people who sell goods onlineFinancial Times - 1d -
Gavin Newsom’s Podcast Hosts Steve Bannon, Covering Musk, Trump and Taxes
The California governor hosted one of the architects of President Trump’s political movement on his new podcast, and their friendly sparring revealed a few points of agreement.The New York Times - 12h -
‘Be careful about this’: Warnings abound as GOP considers writing off tax cuts
Republicans will discuss the accounting maneuver with President Donald Trump on Thursday.Politico - 6h -
‘It’s not because I want people to think I’m great’: Michael Sheen on paying off £1m of his neighbours’ debts
The actor grew up poor, got rich, then lost everything backing the 2019 Homeless World Cup. Now he’s giving away more of his money to help 900 total strangers. Doesn’t he think he’s done enough?. ...The Guardian - 2d -
Trump’s tariff fight may be making this early recession signal go haywire
Bonds issued by retailers with “junk” credit ratings have been hit by selling as consumer confidence falls, but the selloff isn’t widespreadMarketWatch - 7h -
Celine Dion warns fans about 'fake and not approved' AI-generated music credited to her
Celine Dion warns fans that 'new' music circulating online was generated by AI, not by the singer. 'These recordings are fake and not approved,' her team says.Los Angeles Times - 2d