zimmytws | iStock | Getty Images A protester interrupted a January congressional committee hearing to consider a bill that would create a bipartisan commission to address Social Security. “A vote for a commission is a vote to cut Social Security,” the man shouted before he was escorted off the floor. While there was a protest … Read more
Tax time is just around the corner which can bring unexpected returns — but also stress and confusion. But it doesn’t have to. Australian finance expert, author and Smart Women Society CEO Téa Angelos this week shared with 7Life her simple guide to everything you need to know for tax time. Know the news with … Read more
Australians are flocking to ATMs today to withdraw their money from their accounts as part of a so-called national Cash Out Day. The event was organised by cash activists around the country to protest the increase in card-only payment options. “Cash out tomorrow June 14th,” pro-cash Facebook group Cash Is King Australia said in a … Read more
Cafe workers have been revealed as Australia’s happiest employees, according to a recent survey. Data in the timesheet platform Deputy’s second annual Shift Pulse Report found that the hospitality sector is the happiest overall. Workers were able to rate how they were feeling at the end of their shift on a sliding happiness scale. Know … Read more
D3sign | Moment | Getty Images The second-quarter estimated tax deadline for 2024 is June 17, and you could owe a penalty if you don’t send a payment, according to the IRS. You typically owe estimated tax payments for income without withholdings, such as from contract jobs, freelancing or gig economy work, or if you … Read more
Eternity In An Instant | Stone | Getty Images The financial benefit of starting to invest early The time element is crucial for investing. A teenager opening a retirement savings account could end up with hundreds of thousands more dollars compared to someone who began saving in their 20s. For example, say you put aside … Read more
To gauge your retirement preparedness, you may compare your 401(k) balance to other savers’ progress. But you might find people in your field are a better comparison point than those in your age group. Recent data from Fidelity finds that 401(k) plan investors on the firm’s platform had a $125,900 average 401(k) balance in the … Read more
Goodboy Picture Company | E+ | Getty Images More homeowners are listing their homes for sale — but properties are taking longer to sell as potential buyers face high prices and interest rates. New listings from home sellers jumped in May, up 13% from a year ago, according to the latest market report by Zillow. … Read more
Taxpayers can get an upfront payment of up to $1000 as soon as they lodge their return with accounting firm H&R Block. However, consumer advocates have sounded the alarm over the initiative, saying it could unexpectedly force people into debt. H&R Block says it’s willing to give clients a partial “advance on their refund” without … Read more
Halfpoint Images | Moment | Getty Images The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of electric vehicles, the U.S. Treasury Department and Internal Revenue Service said Wednesday. The Inflation Reduction Act created a mechanism whereby tax credits for buyers of new and used … Read more
