Powerball jackpot hits $1.4 billion. What winners should do first

The Powerball jackpot soared to an estimated $1.4 billion as of Oct. 6, 2023, according to the Multi-State Lottery Association.Justin Sullivan | GettyThe Powerball jackpot has soared to an estimated $1.4 billion ahead of Saturday night's drawing — and financial experts have tips for the lucky winner.As the third-largest...

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House Republicans push IRS for answers on employee retention tax credit

Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing on Sept. 28, 2023.Jonathan Ernst | ReutersHouse Republicans are pressing the IRS for answers after the agency paused processing new claims for a pandemic-era small business tax break.Lawmakers voiced "continued concerns" about the employee retention...

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If you resold a Taylor Swift ticket for a profit, prepare to pay taxes

Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesTaylor Swift fans forked out an average $2,183 for a resold ticket to a concert on the superstar's Eras Tour, according to resale research site TicketIQ. Now, ticket resellers...

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Here’s what to know before turning to social media for tax advice

TikTok logo displayed on a cellphone.Hyoung Chang | Denver Post | Getty ImagesTikTok videos often have a 'kernel of truth'One big issue has been the flood of influencers pushing small businesses to amend payroll tax returns to claim the employee retention credit, or ERC, a pandemic-era tax break, according...

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Latino student loan borrowers face extra challenges as bills restart

Ana Paula CortesCourtesy: Ana Paula CortesAna Paula Cortes graduated from New York University in 2021 with her master's degree in creative writing — and $100,000 in student debt.Lea este artículo en español aquí.Cortes, a U.S. citizen who grew up in Mexico, had to finance her degree on her own. She...

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