• Wed, March 12, 2025

by: CNET

Own a Home? Here's How the Mortgage Interest Deduction Will Lower Our Tax Bill

Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

by: Yahoo

Fat Tomato Grill owner passing the torch: 'It's been a hell of a run'

Greg Flagg and his wife, Karen Henderson Flagg, will succeed Charlie Caramihalis as the new owners of Fat Tomato Grill in York on March 22, 2025.

by: Fortune

Companies that want to hire workers with AI skills need to focus on this 3-part strategy

Workers with AI skills are in high demand and companies are struggling to source talent.

by: Reuters

US keeps Iran gas waiver but ends power exemption, says Iraqi PM adviser

The Iraqi prime minister's foreign affairs adviser, Farhad Alaaeldin, told a local Iraqi TV channel on Wednesday that the waiver guaranteed by the United States on importing Iranian gas has not been revoked and is still in effect.

by: Week99er

Top Cryptos to Invest in Today: Qubetics Presale Explodes, SEI's $120M Exit, and Ethereum's ETF Outflows

Qubetics, SEI, and Ethereum are making headlines. Find out why Qubetics is one of the top cryptos to invest in today, and how SEI and Ethereum are developing.

by: CNN

US inflation cooled in February, but Trump's tariff plans and trade war loom

Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans.

by: FXStreet

Crypto Today: BTC, Pi Network and HBAR rally as US CPI triggers $40B buying spree

The combination of $117 million in stablecoin inflows, $370 million pouring into memecoins amid a 7.4% sector-wide surge, and the latest US CPI data showing cooling inflation all point to a recovery phase that could be sustained in the near term.

by: WHAS11

'He was constantly giving' | Louisville remembers Junior Bridgeman's life and legacy

Junior Bridgeman, a Louisville legend and former NBA star, died from a medical emergency at the Galt House on March 11.

by: Insider

This eco-friendly brand offers compostable alternatives to household items. AI has been key to scaling its operations.

Repurpose, a home and kitchen brand, is using AI to streamline its financial processes, marketing, and employee reviews.

by: Bloomberg

Amid trade war, 'Buy Canada' pressure builds on $1.6 trillion in pension pots

The country's biggest pensions, known as the Maple Eight, oversee roughly C$2.3 trillion ($1.6 trillion), about a quarter of which is invested in Canada, according to Bloomberg calculations. Many Canadian politicians and business people aim to make that portion grow much larger — putting further pressure on the country's pension model.

by: TheWrap

Fox Business Host Slams Trump White House - and Former Co-Host - For Dodging Her Requests to Talk Economy: 'I'll Air Dirty Laundry All Day'

The people who work for these Treasury Secretaries need to answer a text message. It's shameful," Secretary of Transportation Sean Duffy's former co-host Dagen McDowell says The post Fox Business Host Slams Trump White House - and Former Co-Host - For Dodging Her Requests to Talk Economy: 'I'll Air Dirty Laundry All Day' appeared first on TheWrap.

by: Mediaite

Fox's Laura Ingraham Advises Viewers to 'Ignore' Tumbling Stock Market Because Trump 'Is Good for Business'

Fox News host Laura Ingraham advised her viewers to "ignore" the tumbling stock market and "sky is falling reports in the regime press." The post Fox's Laura Ingraham Advises Viewers to 'Ignore' Tumbling Stock Market Because Trump 'Is Good for Business' first appeared on Mediaite.

by: CNBC

Amazon, Google and Meta support tripling nuclear power by 2050

The pledge is nonbinding, but highlights the growing support for expanding nuclear power among leading industries, finance and governments.

by: GOBankingRates

Bank of America Wire Transfer: How to Send, Receive and Fees Explained

This guide breaks down everything you need to know about making a Bank of America wire transfer, from setting up transfers to receiving them. Read on for more:

by: KFVS12

Heartland business owners in the steel industry address the impact of tariffs

Heartland business owners brace for price hikes as President Donald Trump increases tariffs on steel and aluminum--while other countries retaliate.

by: Bloomberg

Schumer Says Democrats Will Block GOP Plan to Avert Shutdown

Senate Democratic leader Chuck Schumer said his party would block a Republican spending bill to avert a government shutdown on Saturday and urged the GOP to accept a Democratic plan to provide funding through April 11 instead.

by: Insider

Billionaire Leon Black gave even more money to Jeffrey Epstein than we knew, Senate investigators say

The Apollo Global Management cofounder said he paid Jeffrey Epstein for tax advice. A US Senator investigating the financial transfers is skeptical.

by: CNBC

Southwest is adding baggage fees and credit card perks

If you don't have Southwest elite status, the cheapest option for getting a free checked bag will be the Southwest Rapid Rewards® Plus Credit Card. It has a $69 annual fee, which may be as much as the baggage fees for a round-trip flight.

by: Insider

What is Tax Liability? Understanding Your Financial Obligations

Understand what tax liability is, how it's calculated, and its impact on your finances. Learn about different types of tax liabilities and how to manage them effectively in 2025.

by: Insider

Tax Relief Services: Your Guide to Financial Stability

Discover top-rated tax relief services to help you resolve tax issues, reduce debt, and avoid penalties. Learn how professional tax resolution services can assist you in achieving financial stability in 2025.
  • Thu, March 13, 2025

by: KKTV

Small business advocate worried as SBA office set to relocate from Denver

Small Business Administration officials announced relocations for regional offices in multiple cities, including Denver.

by: Stocktwits

Cleveland-Cliffs, Steel Dynamics, US Steel, And Other Metal Stocks Surge As Trump's Tariffs Take Effect: Retail's Bullish

Shares of steel and aluminum companies like Cleveland-Cliffs Inc. (CLF), Steel Dynamics Inc. (STLD), United States Steel Corp. (X), and others surged on Wednesday as U.S. President Donald Trump's proposed tariffs took effect.

by: Investopedia

S&P 500 Gains and Losses Today: Tech Stocks Bounce Back After Soft Inflation Data

The S&P 500 added 0.5% on Wednesday, March 12, after a key inflation report showed consumer prices increased at a slower-than-expected pace last month.

by: Zawya

RemotePass and Wafeq partner to automate payroll and accounting for UAE & KSA businesses

RemotePass, a UAE-based global payroll platform, and Wafeq, a UAE-based accounting software provider, have partnered to fully automate payroll accounting for businesses in the UAE and KSA. This integration seamlessly syncs payroll and financial data from RemotePass to Wafeq's accounting system in real-time,

by: NewcastleWorld

Short-term growth concern, long-term resilience: New report on UK manufacturing small business outlook over time

As a new year gets underway, UK small businesses in the manufacturing sector have been among the least likely to predict growth during the first three months of 2025 - according to research from Novuna Business Finance.

by: Kiplinger

Don't Make These Five Mistakes on Your Tax Return

Here are some common tax errors you should avoid on your current tax return. Taxpayers not eligible for an SSN must have an IRS individual taxpayer identification number (ITIN). ITINs are 9-digit numbers issued by the IRS to taxpayers that don't have a SSN for U.S. federal tax purposes.

by: Barchart

Stocks Slip Before the Open as U.S. Shutdown Fears Grow, PPI Data in Focus

S&P 500 E-Mini futures (ESH25) are down -0.21%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.36% this morning as concerns about whether Washington lawmakers will avert a government shutdown this weekend contributed to uncertainty regarding the U.

by: MarketWatch

Mallinckrodt and Endo plan merger as they look to recover from opioid litigation

The new entity will be listed on the New York Stock Exchange and is expected to generate pro forma revenue of $3.6 billion in 2025 and at least $150 million of annual operating synergies by year three.

by: Week99er

Best Altcoin to Buy in March 2025? Qubetics Sell 499M Tokens, SEI's $557M Revenue, and Mantra's $6B Market Cap!

Discover why Qubetics, SEI, and Mantra are the best altcoin to buy in March 2025. Learn about their unique use cases and how they stand out.

by: Fortune

Roomba creator iRobot was once courted by Amazon for a vacuum revolution. Now, it might go out of business

iRobot became synonymous with home robots when it introduced the Roomba vacuum over 20 years ago, eventually selling 50 million models and becoming an acquisition target for Amazon. But the company gave investors a stark warning Wednesday, saying it may go out of business as sales and headcount plummet.

by: eNCA

Budget 2025 | The good, the bad and the unexpected

Value-added tax has increase by 0,5 percentage points this year. Another 0,5 next year, will push VAT up to 16 percent by April 2026.

by: Forbes

The Art Of Risk Management And Navigating Uncertainty

The ability to identify, evaluate and minimize risks is a vital skill that informs decisions on everything from financial investments to personal health and even corporate strategy. In the increasingly complex world, risk management is the ability to navigate the unknown.

by: Moneycontrol

NIFTY 50 Intraday: Shriram Finance and Tata Motors Among Top Losers; Bharat Elec and SBI Lead Gains

Among the top losers in the NIFTY 50, Shriram Finance led the decline, falling 2.8% to Rs 619.10. Tata Motors followed, decreasing by 1.82% to Rs 656.15. Hindalco also saw a decrease of 1.66%, reaching Rs 678.40. Wipro shares fell by 1.62% to Rs 264.20, and HDFC Life experienced a drop of 1.5%, settling at Rs 622.55.

by: BusinessTech

SARS boost to hunt more taxpayers, and Post Office plan to block couriers

SARS taxpayer hunt boost: Following SARS commissioner Edward Kieswetter's argument that he needs more funding to collect more tax, the National Treasury has increased the size of the revenue service budget by R4 billion, bringing the total over the next three years to R7.5 billion. [ Business Day]

by: Moneycontrol

India's biggest lender SBI to set up AI, fintech project finance unit

SBI plans to complete the project within a year and will hire 'specialized professionals' to staff it, said Ashwini Kumar Tewari, a managing director at the bank.

by: Forbes

What Trump's Presidency Means For Medicare (And What You Can Do About It)

Medicare is always a hot topic, and every time there's a shift in the White House, people start speculating about how it will impact the healthcare landscape. When you bring up "Trump" and "Medicare" in the same sentence,

by: Insider

Elon Musk must turn over records and answer questions on what he's doing at DOGE, judge orders

A federal judge ordered Elon Musk and the Department of Government Efficiency, or DOGE, to hand over documents and answer questions about their plans to trim federal agencies. US District Judge Tanya Chutkan said in her order on Wednesday that Musk and DOGE have to comply with the discovery request in three weeks.

by: Reuters

Britain's poorest households worse off than those in Slovenia, think tank says

Britain's poorest households are worse off than those in Slovenia and Malta after nearly two decades of stagnation in UK living standards, a think tank said, underscoring finance minister Rachel Reeves' challenge in this month's budget update.

by: Reuters

Too early to discuss unblocking foreign funds in Russia, finance ministry says

Moscow is unwilling for now to discuss the unblocking of foreigners' funds in Russia while its own sovereign and private assets remain frozen overseas, Deputy Finance Minister Ivan Chebeskov said on Thursday.

by: Reuters

Dollar General forecasts tepid 2025 due to strained consumer spending

Dollar General on Thursday forecast annual sales and profit targets below estimates, joining a growing list of retailers that have signalled a grim year as still-high inflation and economic uncertainty dent consumer spending.

by: Reuters

Wall St set for lower open after Trump's new tariff salvo; spotlight on inflation data

Wall Street's main indexes were on track to open lower on Thursday after President Donald Trump upped his tariff rhetoric against the European Union, while investors found some reprieve from signs of cooling inflation.

by: Reuters

US Senator Warren demands Medicare nominee Dr. Oz sever industry ties

President Donald Trump's nominee to lead the agency overseeing Medicare should divest financial ties to healthcare and pharmaceutical companies that could benefit from his policy decisions, Democratic U.

by: Reuters

Canada's CIBC names capital markets head Harry Culham as next CEO, Dodig to retire

Canadian lender CIBC on Thursday named capital markets head Harry Culham as its next CEO, replacing Victor Dodig who will retire in October after over a decade at the top.

by: Reuters

Thai business group urges PM to negotiate with U.S. amid tariff fears

A Thai business group on Thursday urged Prime Minister Paetongtarn Shinawatra to negotiate with the United States and consider lowering import taxes on U.S. goods, as the government met with the private sector to discuss U.

by: Reuters

Drugmakers Mallinckrodt and Endo to merge in nearly $7 billion deal

Mallinckrodt and Endo , drugmakers with a shared history of facing U.S. opioid litigation, have agreed to merge in a deal valued at nearly $7 billion.

by: Reuters

Exclusive: Citigroup plans to slash IT contractors, hire staff to improve controls

Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.

by: Reuters

DP World flags uncertain outlook after annual profit slumps 28%

DP World, a Dubai-owned ports and logistics company, reported on Thursday a 28% drop in annual profit, citing higher finance costs and highlighting an uncertain outlook due to "geopolitical risks" and a "changing global trade landscape.

by: Reuters

Deutsche Bank sees 2025 revenue gains at all four main businesses

Deutsche Bank on Thursday forecast increased revenue in 2025 at its investment bank and three other main business units.

Own a Home? Here's How the Mortgage Interest Deduction Will Lower Our Tax Bill

Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.
The article from CNET explains how the mortgage interest deduction can benefit homeowners by reducing their taxable income. It details that homeowners can deduct the interest paid on up to $750,000 of mortgage debt ($375,000 if married filing separately) for mortgages taken out after December 15, 2017. For older mortgages, the limit is $1 million ($500,000 if married filing separately). This deduction applies to the interest on loans used to buy, build, or improve the home, but not for home equity loans unless used for home improvements. The article also provides an example of how this deduction works: if a homeowner pays $12,000 in mortgage interest in a year and is in the 22% tax bracket, they could reduce their tax bill by $2,640. However, the actual tax savings depend on various factors including the homeowner's total income, other deductions, and the standard deduction, which might make itemizing less beneficial for some.

Read the Full CNET Article at:
https://www.cnet.com/personal-finance/own-a-home-heres-how-the-mortgage-interest-deduction-will-lower-our-tax-bill/

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