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“One of the top financial hacks is tax loss harvesting. One can book the losses in this particular financial year. Let us say you have a Rs 10,000, Rs 20,000 loss. Now let us say you sell it and buy it immediately and that means you have booked those losses for this particular year,” says Instagrammer Sharan Hegde of Finance with Sharan.How has your journey been from working in the big four to being the top financial creator of the country? What really switched in your mind for getting into this business?Sharan Hegde: I always had a penchant for learning…
LOS ANGELES (AP) — A new fire prompted evacuations Thursday in and around Los Angeles even as firefighters aided by calmer winds saw the first signs of successfully beating back the region’s deadly and devastating wildfires, while the enormity of the devastation started to emerge.The fast-growing Kenneth Fire started in the late afternoon in the San Fernando Valley near the West Hills neighborhood and close to Ventura County. The evacuation order covered parts of Ventura and Los Angeles counties. × This page requires Javascript. Javascript is required for you to be able to read premium content. Please enable it…
Nearly 24 million consumers have picked an Affordable Care Act health insurance plan for 2025, breaking last year’s record enrollment, even though consumers have another week to sign up for coverage this year, Biden administration officials announced Wednesday.The number of signups this year surpassed last year’s record of 21.4 million people. And consumers have through Jan. 15 to select a health insurance plan from the federal marketplace, Healthcare.gov, according to the Centers for Medicare & Medicaid Services.The record signups have been buoyed by the generous subsidies Congress passed during the COVID-19 pandemic, but outgoing Biden administration officials warned there’s no…
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LOS ANGELES (AP) — Firefighters aided by calmer winds saw the first signs of successfully beating back a series of deadly and devastating wildfires Thursday, though the fires still burned out of control in and around Los Angeles as the enormity of the devastation started to come into focus with haunting scenes of destruction.Dozens of blocks were flattened to smoldering rubble in scenic Pacific Palisades. Only the outlines of homes and their chimneys remained. In Malibu, blackened palm strands were all that was left above debris where oceanfront homes once stood. × This page requires Javascript. Javascript is required…
Morsa Images | Digitalvision | Getty ImagesList prices for the top 25 prescription drugs covered by Medicare Part D have nearly doubled, on average, since they were first brought to market, according to a new AARP report.Moreover, that price growth has often exceeded the rate of inflation, according to the interest group, which represents Americans ages 50 and over.The analysis comes as Medicare now has the ability to negotiate prescription drug costs after the Inflation Reduction Act was signed into law by President Joe Biden in 2022.Notably, only certain drugs are eligible for those price negotiations.The Biden administration in August…
The rise of Artificial Intelligence (AI) is quickly proving to be both a blessing and a challenge. AI is revolutionising industries by performing tasks that were once the exclusive domain of human intellect. While it offers significant cost savings compared to human labour, it is also leading to job displacement, causing concerns about unemployment, and rendering certain skillsets obsolete.Alex Wei, a YouTuber and freelance writer from Tucson, Arizona, shared his personal experience in a video he posted a week ago, stating, “I recently lost my job to AI…” However, he clarifies that he didn’t exactly lose his job, but rather his…
Israel Sebastian | Moment | Getty ImagesThe fourth-quarter estimated tax deadline for 2024 is Jan. 15, and missing a payment could trigger “unexpected penalties and fees” when filing your return, according to the IRS.Typically, estimated taxes apply to income without withholdings, such as earnings from freelance work, a small business or investments. But you could still owe taxes for full-time or retirement income if you didn’t withhold enough.You could also owe fourth-quarter taxes for year-end bonuses, stock dividends, capital gains from mutual fund payouts or profits from crypto sales and more, the IRS said. More from Personal Finance:At the start of…
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