And yet, far too many taxpayers aren’t aware of the credit, according to a survey released this week. Some 44% possibly eligible for the credit — by making less than $40,000 a year — were not aware of it, according to a new survey from the tax preparation company Jackson Hewitt. More than half of the same group either said they did not qualify (20%) or didn’t know if they qualified (33%), according to the survey. 01.24.20
The Earned Income Tax Credit is designed to act as a cash infusion to low-income families. In fact, some experts have called it “one of the largest and most studied antipoverty programs in the United States.”
Want to improve your investment results? The deadly sins below are not only among the most serious financial transgressions, but also they’re among the most common. I firmly believe that, if you eradicate these 12 sins from your financial life, you’ll have a better-performing portfolio.
Since its founding in 1975, Vanguard Group has been one of the most unique, yet highly regarded, investment advisors in the county. Its uniqueness stems from its legal status as a non-profit, meaning that all profits are returned to investors, not outside shareholders. However, Vanguard and its management have recently come under fire for their stance on FTT’s- financial transaction taxes. FTT’s are preventative measures in place to combat the use of speculate trading activity, a high-frequency trading tactic that can be harmful to markets. Recently, Vanguard has switched their stance on FTT’s, claiming that they bring more harm to the US stock market than good. However, this is inherently untrue. Hong Kong, the third-largest stock market in the world (and the freest market in the world according to the Conservative Heritage Foundation), relies heavily on FTT’s to regulate the amount of high-frequency trading. Ultimately, Vanguard’s shift in opinion should cause no panic in its investors for the time being. However, investors in Vanguard mutual funds (and investors in any mutual-fund giants) should pay close attention to the stances of their companies on financial issues such as FTT’s. Becoming, and continuing to be, a well-informed investor is a great way to ensure the success of your portfolio. 1.20.20
After the US Killing of Iranian general Qassem Soleimani, tensions between the two countries skyrocketed. The tensions caused by the killing caused a panic in the stock market, and as a result, many stocks dropped in the days following. The stocks have begun to recoup their losses as the fear of war slowly dissipates, but tensions still exist between the two countries, and fear still lives in today’s stock market. To combat the tension’s effect on oil prices and the stock market, it might be wise for investors to hedge the risk of Iran in their portfolios by investing in US Energy Stocks. For the past years, energy companies have been some of the worst performers in the S&P 500, but with the tensions in Iran and the rising prices of oil, these energy stocks are primed for a rebound. For investors, the conflict between the United States and Iran should be closely monitored; if tensions escalate and OPEC cuts oil supply, oil prices will rise and the affinity for energy stock will increase. Hedging portfolios with energy stock might not be the next Microsoft, but it could add value to your portfolio. 1.13.20
Here is when everything will go on sale in 2020. 01.06.20