Bitcoin and cryptocurrency prices across the board have struggled this week since a sell-off sparked by Tesla TSLA -1.1% billionaire Elon Musk and ethereum co-founder Vitalik Buterin helped wipe $300 billion from the market. Read More.
Much to the chagrin of taxpayers throughout New Jersey, tax season 2021 is shaping up to be quite a complicated, confusing process. Faced with an influx of stimulus checks and PPP loans, individuals and businesses alike are understandably perplexed. What does the additional income mean for our tax liability, and how will these changes affect our livelihoods?
Wondering where your tax refund is? In its Covid-19 operations update, the Internal Revenue Service has added an explanation for why in many cases it’s taking longer than the typical 21 days to process tax refunds for individual taxpayers. We’re talking about tax returns filed for the 2020 tax year during the 2021 tax season that opened in February and runs through May 17. Read More.
Peter Morici is Professor Emeritus at the University of Maryland and is recognized as an expert on economic policy and international economics. He has often appeared on CNN, CBS, BBC, Fox, ABC, CNBC, NPR and NPB. Read More.
Although he lost a key vote in the Legislature promoting his revolutionary consumption tax reform plan last week, Sen. Steve Erdman of Bayard says that loss represented progress with three years left for him to accomplish his goal. Read More.
Consumer prices rose 4.2% over the 12 months ending in April, according to data released Wednesday by the Labor Department, shooting past expectations one day after inflationary concerns led to the stock market’s worst daily performance in months.