Over $87 billion in federal benefits siphoned from unemployment system

Mike Stocker/South Florida Sun Sentinel/News Tribune via Getty Images More than $87 billion in federally funded unemployment benefits may have been withdrawn from the system during the Covid-19 pandemic, most of it due to fraud, according to a report from the US Department of Labor. Congress authorized several new programs in the early days of … Read more

How to score a write-off on ‘Giving Tuesday’ if you don’t itemize

Vladimir Vladimirov H + | Getty Images After a weekend of weekend shopping, Americans will bombard Giving Day philanthropy Tuesday, which generated $2.47 billion from American donors in 2020. But many don’t realize that there is a tax exemption for cash gifts in 2021, even if they don’t itemize deductions on their federal returns. Introduced … Read more

Medicare open enrollment ends Dec. 7. Reasons to review your coverage

Vinart Studio | E + | Getty Images You have about a week to make sure that Medicare coverage for 2022 works for you. The program’s open enrollment period, which opened on October 15, ends on December 7. While you are not required to take action—your 2021 plan will generally be renewed for the next … Read more

Infrastructure bill cracks down on crypto tax reporting. What to know

chennapong | iStock Editorial | Getty Images Financial experts say crypto investors may face higher taxes as the infrastructure bill eliminates future IRS reporting. The $1.2 trillion deal requires mandatory annual tax returns from crypto brokers starting in January 2023 to help pay for President Joe Biden’s domestic spending agenda. The measure could generate nearly … Read more

Is it time to plan those big trips abroad?

Reynisfjara is a world famous black sand beach located on the southern coast of Iceland. Louis Kajiao Photography | moment | Getty Images Iceland has been the focal point of my passion for wanderlust for the better part of two years. The country is a dreamy spectacle of natural beauty: the black sands of Reynisfjara, … Read more

How to prepare for a big rent increase

Zephyr 18 | iStock | Getty Images During the pandemic, rents have fallen across the country — but they are quickly recovering. This means that many tenants, especially those who have booked a place at a discount in the past year or two, will be waiting for an unpleasant surprise when it comes time to … Read more

Is It Smart To Invest In Crypto Before A 401(k) Or IRA?

Select’s editorial team works independently to review financial products and write articles that we believe our readers will find useful. We may receive a commission when you click on links to products from our affiliate partners. Many investors pour their money into cryptocurrencies – the younger segment makes up the majority. A recent survey by … Read more

How these entrepreneurs reinvented themselves

Jennifer Sutton, a photographer with her children, quit her job this year to open Guest Haus Juicery & Matcha Bar in Park City, Utah. Courtesy: Jennifer Sutton Jennifer Sutton on fire. When the Covid-19 pandemic hit, the 37-year-old advertising executive suddenly found herself navigating between work and remote education for her two young children. Even … Read more

More colleges face bankruptcy but top schools experience record wealth

University of Maryland The Washington Post | The Washington Post | Getty Images Colleges across the country are in crisis. Fewer students are back in school again this year, resulting in college enrollments down another 3.5% from last year, according to a report from the National Student Clearinghouse. Combined with last fall’s declines, the number … Read more

What you need to know about buying a home

A real estate agent stands at the entrance as Giovanni and Nicole Queiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Rachel Brightman | Newsday LLC | Newsday | Getty Images Prices are higher almost everywhere. Americans pay more these days for products like food and gasoline, thanks to rising … Read more