Money Archives

What Is Drip Pricing & How Is It Dangerous?

A man holding a credit card in front of a computer screen who is shocked at drip pricing

What is drip pricing? What psychological tactics enable the practice? How can regulation curb it? Drip pricing is a deceptive business practice that advertises a low price, then adds hidden fees at the final payment. US federal agencies are exploring regulatory action against drip pricing as part of the Biden Administration’s economic agenda, though the success of these measures remains to be seen. Keep reading to learn about deceptive drip pricing practices and if anything can be done to prevent them.

9 IRS Red Flags & How to Avoid a Tax Audit

Person writing with stacks of coins demonstrating how to avoid irs red flags when filing your taxes

Ever wonder how likely you are to get picked for an IRS audit? How can you avoid it? Avoiding common IRS red flags, like large unexplained deductions or mismatched income reporting, can significantly reduce your chances of an audit. Good bookkeeping is essential. Read on to learn more about how to keep your tax return squeaky clean by avoiding these nine IRS red flags.

The Most Common Tax Deductions & 3 You Didn’t Know About

A piggy bank in hands depicting the money you can save with common tax deductions

How can tax deductions save you money? What are some examples of deductions that might apply to you? Both common tax deductions like those for dependent care and lesser-known deductions like those for energy efficient home improvements can lower your taxable income, meaning you’re taxed on a smaller amount. Understanding what you can deduct can help you save more money this tax season. Let’s explore how to determine which common tax deductions you qualify for and how to claim them on your tax return.

Judge Engoron: Trump’s Documents Are Nothing But Misleading

Has Judge Arthur Engoron been favorable to Donald Trump in his ongoing legal battle? What did Trump’s sons say about their father when they took the stand? In a civil lawsuit overseen by Judge Engoron, Trump hasn’t been on the winning side. The Daily podcast highlights the most crucial moments from the case in a new episode. Keep reading to learn how Judge Engoron feels about Trump’s sketchy financial statements.

Breakdown of Ivanka Trump’s Testimony at Her Father’s Trial

Ivanka Trump talking into microphones in front of two flags.

How did Ivanka Trump’s testimony go in her father’s trial? Did she admit to being involved in fraudulent documents? In November 2023, Ivanka Trump testified in Donald Trump’s case surrounding alleged fraudulent financial documents. Her statements in court had a profound effect on the outcome of the trial, in which Trump was ordered to pay a large fine. Learn more about Ivanka Trump’s testimony from The Daily podcast.

How to Be Financially Responsible: Leo Skepi on Mindful Spending

A piggy bank wearing a superhero costume while holding dollar bills and a big coin.

Are you struggling to save money? What are good personal finance tips so you can be more responsible with money? The Aware & Aggravated podcast houses a striking conversation around mindful personal finance strategies. Leo Skepi emphasizes his own experience during the early stages of setting up his app, where he prioritized savings over leisure spending. Discover how to be financially responsible, according to Skepi’s tips.

The IRS Is Now Using AI to Assist Audits & More

How will AI boost the IRS’s scrutiny of various taxpayer groups? What benefits and hurdles might taxpayers encounter as the IRS ramps up the use of AI? The IRS is using artificial intelligence to improve tax compliance and customer service this tax season. New AI-powered systems aim to curb tax evasion, improve audit precision, and help close a $688 billion tax gap. Here’s how the IRS is using AI and what the benefits and challenges are.

The Future of Digital Currency: Bitcoin May Replace Banks

What’s the future of digital currency? Will we ever stop using banks? For centuries, banks have been in charge of our money. However, there’s a good argument that this may change in the future. Here’s why digital currency will be how we transfer and store money in the near future.

Self-Checkout Problems Make Retailers Reconsider Kiosks

Are self-checkout problems worth the rewards? What negative impacts do they have on customers and employees? How do they harm businesses’ bottom line? Following an expansion of self-checkout machines in stores during the Covid-19 pandemic, some retailers are reconsidering the kiosks. Many companies complain that they’re not getting the bigger profits the machines initially promised—but they are getting bigger problems. We’ll take a look at the downfalls of self-checkout kiosks below.

What Did Jordan Belfort Do to End Up in Prison?

A pair of handcuffed hands sitting outside prison bars.

What did Jordan Belfort do to become a financial criminal? What type of financial crimes did he commit? Though Belfort did many things that were against the law, it was his financial crimes that both enriched him and eventually sent him to prison. So many of Belfort’s business dealings were against federal and state regulations because he invented schemes to hide his transactions from regulatory institutions. Let’s look at the principles upon which Belfort’s firm, Stratton Oakmont, was founded and the crimes he committed under its name.