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Waiting until the last minute to pay your taxes can cost you if you are expecting a refund since the government hangs on to your money and receives more interest on it. However, if you owe money to the government, that same principle applies to you. Why not wait until the last minute?
Coronavirus spending is taking a huge toll on the federal government's finances.
According to the latest figures from the US Department of Labor, employers added nearly 5 million jobs in June, the largest monthly gain in US history.
Today there was some good news on the retail front, and that gave investors a shot of confidence, sending stock markets higher. Newly released May numbers show an increase in retail spending. Sales jumped 17.7 percent from April to May – the bounce-back coming as more businesses begin to reopen.
US stock markets plunged again Thursday for the first time in a long time after weeks of surging toward recovery. Is this a setback or just a temporary pullback? That's what investors are wondering after some bad news about jobs and the possible resurgence of COVID-19 in certain states.
The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record. But one economist says the NBER committee might end up declaring this recession to have already ended in May based on the fact that hiring rebounded that month.
An encouraging report on America's unemployment rate was released Friday as the May unemployment rate actually went down.
U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.
Are you a procrastinator who waits until the very last moment to file your taxes? The filing deadline is July 15, 2020, to file your taxes for the 2019 tax year. The IRS and Treasury Department extended the tax filing and payment deadline from April 15 to July 15, due to the COVID-19 pandemic.
More bad news about the pandemic's impact on the economy came out today. Jobless claims are up again, and home sales are down.