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Monthly Archives: July 2023

House lawmakers scrutinize pandemic-era employee retention tax credit

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters Scrutiny of a pandemic-era tax credit intensified this week as lawmakers, the IRS and tax professionals sought solutions for the wave of small businesses that wrongly claimed the tax break.  The …

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1 in 4 U.S. homebuyers want to move to a new city

With mortgage rates at 20-year highs, more people are looking to relocate from high-cost coastal cities to places in the South and Southwest, with Las Vegas as the top destination. Nearly 26% of property search queries on online real estate brokerage Redfin.com are for cities where potential homebuyers don’t live, …

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Credit card fee fight pits payment companies against retailers

Visa Inc. and Mastercard Inc. credit cards are arranged for a photograph in Tiskilwa, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images A bipartisan push in Washington to clamp down on credit card fees is pitting retailers against network payment processors — and both sides are working hard to …

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Neuroscientist shares 5 phrases parents should never say to raise emotionally intelligent kids

1. “You are being very bad.” When a child loses their sense of self, it can result in emotions of rage, anxiety, self-pity or hopelessness. But they’re not being bad or naughty or difficult — they are going through an identity crisis. If left unmanaged, an identity crisis can create …

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Eat these foods for natural doses of magnesium, says sleep expert

Magnesium is often touted as a sleep aid, and the search term “magnesium sleep” has over 840 million views on TikTok. But is taking magnesium supplements safe? Magnesium supplements can help induce sleep if people have a magnesium deficiency or aren’t getting enough of the mineral in their diet, but …

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Households earning $200,000 or more are flocking to these 10 states

A $200,000 household income is more than most people earn across the U.S. In fact, just 12% of U.S. households earn $200,000 or more annually, according to Census Bureau data.  While that may be nearly enough for most Americans to feel comfortable financially, $200,000 will inevitably go further in places …

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How AI can make common side hustles more lucrative

Artificial intelligence still has a long way to go before completely taking over most human jobs. But it can already make some side hustles easier and more lucrative, primarily by saving people time. “Automation, I think, is the key to reducing your workload,” Sean Audet, a food photographer who uses …

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37% of boomers have more stock exposure than they should

Simon Potter | Getty Images When it comes to stocks, investors face a big question: How much exposure is enough? For investors already in retirement, how well they answer that question may have big consequences for how well they reach their goals. “About 37% of boomers have more equity than …

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How parents can help kids use AI safely

For today’s parents, the question is inevitable: How should you handle your kid’s relationship with artificial intelligence? Tools like ChatGPT and Midjourney are only growing in popularity, and tech giants have touted the potential for AI’s advances to improve childhood education. Earlier this year, Microsoft co-founder Bill Gates predicted that …

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What uptake of new shots could look like

A pharmacist delivers a COVID-19 booster dose at a Chicago CVS store. Antonio Perez | Tribune News Service | Getty Images A new round of Covid vaccines is coming to the U.S. this fall — but many Americans may not roll up their sleeves and take one. That’s largely because …

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