Did you know that over 53 million Americans dedicate an average of 24 hours weekly to caring for elderly family members or those with disabilities? This dedication often comes at a significant personal cost – over $7,000 a year on average.
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Medical debt is a major burden for millions of Americans. As many as four in 10 adults report owing to credit cards, collections agencies, and even friends and family, with most owing between $1,000 and $2,000 and a concerning number facing debts exceeding $10,000.
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Recent changes from the Department of Labor (DOL) could significantly impact how you classify workers – and whether they’re considered employees or independent contractors. This update to the Fair Labor Standards Act’s (FLSA) rules has important implications for both businesses and individuals.
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You may be able to do this utilizing any unused funds in the student’s 529 Plan. The IRS now allows rollovers of these funds to a Roth IRA in the child’s name.
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In a landmark decision, the Federal Trade Commission (FTC) recently approved a ban on non-compete agreements for most employees. While the legalities are still being ironed out, let’s explore what this might mean for companies and intellectual property (IP) values.
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Cryptocurrency ownership rates continue to increase: 40% of Americans now own crypto, up from 30% in 2023. And the IRS has noticed. Last month, they released a draft of Form 1099-DA – “Digital Asset Proceeds from Broker Transactions.” This will be the official tax form crypto owners and brokers will use to report digital asset transactions starting in 2025.
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