Whether you owe taxes or receive a refund comes down to how much tax was withheld from your paychecks, how your income changed over the…
Exclusive: BlackRock executive Rick Rieder discussed several key issues, including the profitability of the Federal Reserve, during an interview for the top job at the central bank, senior administration sources told FOX Business. Other topics…
A recall of Frigidaire-branded minifridges has been expanded to 964,000 units after multiple reports of the product catching fire, according to the U.S. Consumer Product Safety Commission. Canada-based Curtis International initially recalled 634,000 minifridges last summer but added 330,000 of another model to the alert Thursday.The recalled minifridges have electrical…
Key takeaways If you donate household items to charity, you may be able to claim a tax deduction. But you must itemize your deductions to enjoy this tax break — you can’t claim it if you use the standard deduction. The big tax bill that became law in 2025 created…
Key takeaways The standard deduction is a specific dollar amount that you can use to reduce your taxable income. You have to choose between claiming the standard deduction and itemizing (that is, claiming expenses that you paid). The standard deduction amount usually increases each year for inflation. Also, the standard…
Key takeaways The deadline to file federal income tax returns this year — to report income earned in 2025 — is April 15, 2026. If you file an extension, you have until Oct. 15 to file your federal tax return. If you file an extension you have until Oct. 15…
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A group of former Federal Reserve chairs and Treasury secretaries released a joint statement defending Fed Chair Jerome Powell after he revealed the Trump administration’s Justice Department is threatening to criminally indict him over his testimony…
