• Wed, January 1, 2025

by: CNET

If You Made Money via PayPal, Venmo or Cash App in 2024, Get Ready for This IRS Tax Change

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require third-party payment apps, like PayPal, Venmo or Cash App to report income of over $600 or more per year to the tax agency. The IRS delayed this new reporting requirement in 2022 and again in 2023.

by: cnbctv18

VFS Capital applies for small finance bank licence

The Reserve Bank of India on Wednesday (January 1) disclosed that it has received an application from the Kolkata-based VFS Capital Ltd under the 'on tap' licensing guidelines for small finance banks in the private sector.

by: inforum

An overview of Minnesota's cannabis industry in 2024 and what to expect in 2025

Earlier this month, the Office of Cannabis Management announced it will hold two lotteries in 2025: one for social equity applicants and one for other applicants seeking permits for cannabis businesses.

by: omanobserver

New guidelines for govt contracts

MUSCAT: In a move to strengthen fiscal discipline and streamline the management of financial commitments, the Ministry of Finance has issued

by: Couriermail

One dead, several injured as Tesla Cybertruck explodes outside Trump International Hotel in Las Vegas

One person is dead and several others have been left injured after a Cybertruck exploded outside the Trump International Hotel in Las Vegas on New Year's Day.

by: Reuters

South Korea to spur foreign inflows by easing rules on FX trading

South Korea will permit registered foreign financial institutions to engage in foreign exchange trading for current transactions, including export and import settlements, from mid-January, the finance ministry said on Thursday.

by: Cosmopolitan

Aries 2025 Horoscope Predictions: Career, Love, and Finance

If your star sign is Aries, would you like to know what your horoscope says for 2025? The year ahead has grounding energy. You feel content about your career and financial position; Why keep chasing something if you're okay where you're at?

by: MSN

Stellantis N.V. (STLA): A Bull Case Theory

We came across a bullish thesis on Stellantis N.V. (NYSE:STLA) on Value Investing Subreddit Page by Clean_Bag_5433. In this article, we will summarize the bulls' thesis on STLA. Stellantis N.V. (NYSE:STLA)'s share was trading at $13.

by: MSN

AST SpaceMobile Inc (NASDAQ:ASTS): A Bearish Investment Perspective

We came across a short thesis on AST SpaceMobile Inc (NASDAQ:ASTS) on ValueInvestorsClub by Flaum. In this article we will summarize the bears' thesis on ASTS. The company's shares were trading at $29.

by: Cosmopolitan

Leo 2025 Horoscope Predictions: Career, Love, and Finance

What often happens when we start to disconnect from someone is we "fill the gaps" in what would have been dialogue or experience with our own interpretations (which are often wrong). Nip things in the bud.

by: MSN

Focus on the first $100K says millionaire Mark Tilbury

Self-made millionaire says investors should focus on the first $100,000 — after that "your net worth will go crazy"

by: Cosmopolitan

Aquarius 2025 Horoscope Predictions: Career, Love, and Finance

What resonates? How do you describe and evaluate true wealth? And what does that mean for your own life? The answers will come from observing others ideas and presentations of it, so get used to spotting this.

by: MSN

What is Generational Wealth and How Do You Build It?

By definition, generational wealth, also referred to as family wealth or legacy wealth, represents wealth passed down from one generation to the next. If you can leave behind a notable amount of money or assets,
  • Thu, January 2, 2025

by: cnbctv18

Gift vouchers and cards not liable to GST: All you need to know

Prepaid vouchers, such as gift cards and digital wallets, are recognised by the Reserve Bank of India (RBI) as prepaid instruments. These vouchers are treated as 'money' under the GST framework.

by: Goodreturns

Good News For Taxpayers! Now, You Can Claim Tax Rebate Under Section 87A; Eligibility, Benefits, How To Claim?

The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit. Taxpayers can claim their rebate in section 87A by filing of belated or revised income tax return.

by: KOSU

Agriculture economy enters 2025 with weak forecast

An Ag Finance Update from the Federal Reserve Bank of Kansas City shows farm income and loan repayment rates weakened in the third quarter.

by: privatebankerinternational

What about AI and private banking in 2025?

Artificial intelligence, AI, was a big topic for private banking and wealth management in 2024 and into 2025. This shows no sign of changing as the technology evolves and brings greater value to both clients and institutions. So what comes next? And will AI hit its private banking ceiling in 2025? PBI asks the experts

by: Forbes

Alternative Investments: Expanding Your Portfolio Beyond Traditional Assets

Options exist for investors expanding beyond traditional assets. Each must be considered through the lens of risk tolerance, time horizons and overall investing goals.

by: Tuko

List of 7 Multi-Billion Business Deals President Ruto Inked in 2024

William Ruto's administration reached multi-billion shilling agreements in the year ending December 2024, including the construction of Nairobi-Mombasa Expressway

by: Upstream

Oil majors revamp refineries as renewable fuels demand expected to recover in 2025

by: Fortune

How to become a financial advisor: 4 steps to a life-long career

AI fears are not impacting the need for financial advisors, a career that can easily earn over $100k.

by: WHKY

New Laws In Effect In North Carolina

With the arrival of the new year, there are some changes in the laws and policies that govern the state. From tax updates to shifts in liability insurance and

by: AOL

Turo explainer: The car-rental app used in the Las Vegas, New Orleans attacks

What is Turo, the peer-to-peer car rental app used in the deadly Las Vegas and New Orleans attacks? Yahoo Finance explains.

by: Law

Deal Watch: Latham, Paul Weiss, Debevoise Land on Year-End Big Deals. Plus, Mixed Messages for 2025 M&A

Latham landed on several of the biggest deals in the last half of December, while Paul Weiss and Debevoise steered a megadeal.

by: Reuters

India's NBFC body urges government to create liquidity facility for priority sector lending

An industry body for India's non-banking finance companies (NBFCs) has asked the government to create a refinance or liquidity facility to boost lending to priority sectors such as agriculture, medium and small enterprises,

by: AOL

5 tech CFOs predict how AI will shape finance

How do you think AI will continue to shape finance in 2025? Let's dive right into Scott Herren, EVP and CFO at Cisco In 2025, we expect AI to significantly impact finance, with advancements in intelligent monitoring,

by: Reuters

SoFi shares fall after KBW downgrade on valuation concerns

Personal finance app SoFi Technologies' shares fell as much as 7% on Thursday, after analysts at KBW downgraded the stock to "underperform" on concerns over its lofty valuation and ambitious financial targets.

by: Tuko

Makueni Space Object: Kenya, Other Countries Where Rocket Parts Mistakenly Fell

Kenya Space Agency (KSA) confirmed that the partially burnt metallic object weighing approximately 500 kg and measuring 2.5 meters in diameter was from a rocket.

by: Forbes

5 Ideas To Make Money Online From Podcasts In 2025

Every day, millions tune into Spotify or Apple Podcasts to listen to their favorite podcasts. Here are five ways to make money online by starting a podcast in 2025.

by: MSN

Ethics report details allegations of campaign violations by Florida Rep. Cherfilus-McCormick

A report containing findings by the Office of Congressional Ethics, released Thursday, provides details of multiple campaign transactions and official government office activities by U.S. Rep. Sheila Cherfilus-McCormick that investigators said may have violated House rules and federal law.

by: MSN

Tariffs, Musk, and borders: Policy uncertainties of the incoming Trump admin

The biggest question marks for the 2025 outlook involve how the incoming Trump administration's policy agenda will reverberate through the U.S. and global economies. Why it matters: The incoming administration has big plans in areas including trade policy,

by: MSN

Ethics report details allegations of campaign violations by Cherfilus-McCormick

A report containing findings by the Office of Congressional Ethics, released Thursday, provides details of multiple campaign transactions and official government office activities by U.S. Rep. Sheila Cherfilus-McCormick that investigators said may have violated House rules and federal law.

by: MSN

Western Markets Losing Their Grip On Gold & Silver | Peter Grandich

Precious metals expert Peter Grandich warns of Western markets losing their grip on gold and silver, with Asia emerging as the dominant force.

by: MSN

IBM Faces UK Watchdog Scrutiny for HashiCorp Buyout: Trouble Brewing?

International Business Machines Corporation IBM has welcomed 2025 with an apparent glitch in its effort to develop a comprehensive suite of modernized cloud security and compliance solutions with the proposed acquisition of HashiCorp Inc.

by: MSN

Camposol makes interim CEO Ricardo Naranjo permanent chief executive

Peru-based fresh-produce giant Camposol has named its current interim CEO Ricardo Naranjo as the permanent head of the company. Naranjo has been interim chief executive since June when former CEO José Antonio Gómez resigned.

by: MSN

Data Reveals Abrupt Shift in Consumer Sentiment Toward Personal Finance After Trump Win

Data points to an abrupt shift in the sentiment and priorities of Americans when it comes to their personal finances since the outcome of the 2024 presidential election became clear. Demand for professional financial advice has increased,

by: MSN

Northern Territory's only commercial bait business battles to stay afloat

Buying bait that has been imported from interstate or overseas is now common in the NT after the Territory's only commercial bait business hit trouble.

by: MSN

Here's how far a middle-class salary goes in Austin

Outside of East and West coast cities, only Denver rivals Austin's cost of living in a new study by GoBankingRates that looked to see how far such salaries go in the largest U.S

by: MSN

Market Open: January 2, 2025

Scammers are using a multi-step process to gain the trust of elderly individuals before demanding large sums of money. Protect yourself and your loved ones from this devastating fraud.

by: MSN

12 Financial New Year's Resolutions for 2025

Key Takeaways - 12 Financial New Year's Resolutions for 2024 It's 2025, and if you haven't tried to whip your finances into shape lately, this month is always a good time to start. You don't have to think of these financial goals as resolutions - more like a reboot to your yearly financial to-do list.

by: MSN

Why Canadian journalists are entering politics at a rapid rate

The latest thing in politics is that more and more candidates are rising out of journalism, public relations and entertainment. And it's not only incoming U.S. president Donald Trump, the star of The Apprentice TV series,

by: MSN

"Not about free speech" - Kevin O'Leary's plan to buy TikTok explored

Kevin O'Leary, Shark Tank's "wonderful" investor, has revealed his plan to purchase TikTok's US operations in an extraordinary move consistent with his business approach and risk-taking personality.

by: MSN

India's economic outlook for 2025: Navigating slowdown, structural challenges and global uncertainty

The Reserve Bank of India (RBI) faces its own set of challenges. With inflationary pressures and a fragile rupee, there is little room for significant interest rate cuts. The RBI is caught in a delicate balancing act,

by: MSN

Top Stocks To Watch Out For January 2: M&M, South Indian Bank, Tata Motors & Others In Focus

The Nifty opened flattish and after the initial drop to 23,550 levels, it witnessed a pullback move of 260 points. The index has been consolidating within a band from the last seven trading sessions.

by: MSN

Private social clubs in Palm Beach County offer a place for business and fun

The way people socialize and network with each other is yet another ripple effect of the migration of wealth to greater Palm Beach County since the pandemic.

by: MSN

Four coins to watch in January 2025 that could outperform Ethereum (ETH) and Tron (TRX)

As 2025 unfolds, the cryptocurrency niche is abuzz about the forthcoming big players. Although Tron TRX and Ethereum ETH remain impressive, a new breed of altcoins is promising even better rewards. Some of such new projects are Rexas Finance RXS,

by: MSN

B2B infra, AI and DPI plans are brewing at 2025-ready fintech

Heading into 2025, the fintech sector is expected to emphasise B2B infrastructure solutions, AI-driven compliance automation, and secured credit products. Despite a slowdown in consumer lending, venture investors are eyeing business lending and digital public infrastructure innovations,

by: MSN

The danger areas ahead for the global economy in 2025

It also happens to be the 2025 Year Ahead season, as the "bulge bracket" institutions of Wall Street put out their annual forecast tomes as to what they see looming on the horizon for the global economy.

If You Made Money via PayPal, Venmo or Cash App in 2024, Get Ready for This IRS Tax Change

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require third-party payment apps, like PayPal, Venmo or Cash App to report income of over $600 or more per year to the tax agency. The IRS delayed this new reporting requirement in 2022 and again in 2023.
The IRS has introduced a new tax reporting requirement for 2024 that affects individuals who receive payments through apps like PayPal, Venmo, or Cash App. Previously, these platforms were only required to issue a 1099-K form if a user had over 200 transactions and more than $20,000 in payments. However, under the new rule, a 1099-K will be issued for anyone receiving more than $600 in payments, regardless of the number of transactions. This change aims to increase tax compliance by capturing more income that might have previously gone unreported. Users are advised to keep meticulous records of their transactions, distinguishing between taxable income and non-taxable personal transactions, to ensure accurate tax reporting. This adjustment could lead to more people receiving these forms, potentially causing confusion about what constitutes taxable income.

Read the Full CNET Article at:
https://www.cnet.com/personal-finance/taxes/if-you-made-money-via-paypal-venmo-or-cash-app-in-2024-get-ready-for-this-irs-tax-change/

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