Many of our readers already know that the Federal Reserve has increased its rates. However, many do not know how exactly these rates affect their credit, payments, and more. Luckily, the Dayton Daily News has this article that is written to inform us of exactly that. This article shows the importance of being up to date on the current actions of the Fed for the very reasons that it lists.

As we all know, inflation has been in the headlines for quite some time. Nonetheless, most people only know that the cost of things have gone up but not the specifics on how much inflation is truly affecting them. Products vary in how much more expensive they’ve gotten, and some have actually gone down in price. Luckily, the Wall Street Journal has your back with this article that details what items have been affected by inflation and how, in turn, it affects you.

Sometimes, you just have to let it all out. But should you really vent about your arduous commute, insufferable boss and disappointing cost-of-living adjustment—at work?

Since the first online markets came out, people have been selling everything from sweaters to computers. It turns out Uncle Sam has been missing out on his cut and has asked the IRS to get it to him. A new law passed by congress for the 2022 tax year requires a 1099-K to be sent from these online platforms to the IRS that informs them of anyone earning more than $600, which potentially has tax implications for anyone involved in this space.

This week’s tax tip is for all of our traveling business people and the deductions you can get for business trips. Ironically, this week’s tax tip is brought to you by the very same people who want you to pay your taxes, the IRS! The article includes the various deductions one can list on their taxes due to business including food, gas, transportation tickets, and most importantly, how to document all of that so it is easy to file your taxes when the time comes.