What Costs Qualify as Moving Expenses?

What are moving costs? Moving expenses, in the Internal Revenue Service, are the costs incurred by a taxpayer related to relocating for a new job or transferring to a new location. The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated the moving expense deduction for tax years 2018 through 2025, except for active-duty military members moving pursuant to a …

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Crypto Firm Grayscale Reports Record AUM for 2020

Skyrocketing Bitcoin (BTCUSD) prices coupled with greater institutional interest in cryptocurrencies propelled crypto investment firm Grayscale to its best year of 2020. The New York-based firm witnessed “unprecedented investor demand” and its assets under management (AUM) increased more than 10-fold to $20.2 billion last year, according to a recent report on digital asset investment. The last quarter of 2020 was …

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Has Inflation Peaked?

This week, investors will know whether or not inflation peaked. Wednesday, the Bureau of Labor Statistics (BLS) releases his Consumer Price Index (CPI) for July. Economists are predicting an 8.7% year-over-year rise from a 9.1% jump in June. On a monthly basis, the CPI is expected to rise 0.2% in July after jumping 1.3% in June, marking the biggest monthly …

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Trade Price Response Definition and Example

What is trade price response? Trade price response is a trade entry or exit technique based on what the price of a security does after reaching a key price level. The key price levels are usually the resistance and Support areas identified by the trader. Once the security has reacted to the level, the positive or negative reaction of the …

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What to Look for from COIN

Key points to remember Analysts estimate EPS at -$2.39 from $6.47 in Q2 2021. Quarterly trading volume is expected to decline significantly year over year. Revenue is expected to fall sharply year-on-year. Coinbase Global Inc. (PIECE OF MONEY) has struggled with the broader cryptocurrency market over the past few months. A sharp decline in trading volume plunged the company from …

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Credit Card Authorized User

What is a Credit Card Authorized User? An authorized credit card user is a person who has permission to use another person’s account. credit card but is not legally responsible for payment of the invoice. For personal cards, authorized users are usually family members, such as a child or spouse. Depending on the credit card issuer, some credit card companies …

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Weighted Average Cost of Capital (WACC) Explained with Formula and Example

What Is the Weighted Average Cost of Capital (WACC)? The weighted average cost of capital (WACC) represents a firm’s average after-tax cost of capital from all sources, including common stock, preferred stock, bonds, and other forms of debt. WACC is the average rate a company expects to pay to finance its assets. The weighted average cost of capital is a common …

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How to Create an NFT

Non-fungible tokens (NFT) have become one of the most popular elements of cryptocurrency in recent years, with billions in trading volume and a slew of celebrity endorsements pushing the digital artwork to the forefront of mainstream media audience. NFTs can be created directly on NFT platforms, allowing you to create (the process of creating or producing something) and upload your …

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New Apple Card Holders Can Earn a $50 Bonus

The Apple Card offers a $50 sign-up bonus to new cardholders who sign up before January 31 and spend $50 or more at Exxon Mobil gas stations within 30 days of account opening. Key points to remember New Apple Cardholders will earn $50 in daily cash when they spend $50 or more at Exxon and Mobil branches within 30 days …

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