AI Predictions, Higher Prices, and Must-Know Tax Form Tips

Worried about a layoff? 5 smart money tips                                                                                                                                                                                                                                                                                                                                                                                                                 February 19, 2024 | [Read Online]( Good morning. It's Monday, Feb. 19, and we're covering must-know tips about tax forms before filing, making money on the side, real estate's trends and goals revealed, and much more. First time reading? [Sign up here](. Stock Market Update Market Performance: February 16, 2024. Stocks slipped Friday to send Wall Street to a rare losing week, just its second in the last 16. The S&P 500 fell 0.5% from its all-time high set a day earlier. The Dow Jones Industrial Average dropped 145 points, or 0.4%, and the Nasdaq composite sank 0.8%. A report in the morning on inflation at the wholesale level gave the latest reminder that the battle against rising prices still isn’t over. Prices rose more in January than economists expected, and the numbers followed a similar report from earlier in the week that showed living costs for U.S. consumers climbed by more than forecast. [Treasury yields rose immediately after the report’s release,]( adding pressure onto the stock market. Financial Maverick Insights Must-Know Tips About Tax Forms Before Filing The 2023 tax reporting season is upon us! Before filing your taxes, it’s time to gather all the information you need to prepare your return. Here are essential planning insights for some important IRS tax forms you need to know about this year. Form W-2 Wage and Tax Statement This form shows you, as a salaried employee, how much income you made for the year. You should receive the W-2 form by early February from every employer who has withheld income, Medicare tax, and Social Security taxes throughout the year. Also, this form reports how much state and federal income taxes were withheld, along with retirement plan contributions, and the value of some workplace benefits. Be sure to report this information accurately as a copy of the W-2 goes to the IRS. Form W-4 Wage and Tax Statement The W-2 has a family member called the W-4 form, which you fill out for your employer so that an accurate amount of federal and state income tax is withheld from your pay. The beginning of the year, particularly when filing your taxes, presents a perfect opportunity to review your current year’s federal income tax withholdings. Adjust tax withholdings when you experience significant life and family changes, such as marriage, divorce, or having children. Starting a side business or second job may lead to higher taxes owed. Consider increasing the withholding at your primary workplace to cover the projected shortfall in taxes. [The IRS recently made the W-4 completion process less cumbersome]( by simplifying it into five steps. Passive Income Ideas That Can Make You Money on the Side It never hurts to have a bit of extra money coming in, particularly in 2024. With inflation still hitting businesses and individuals alike, a bit of passive income can go a long way in shoring up your financial situation. Sell online One of the best and most popular means of making popular income is to sell something online. Between Amazon and Temu, ecommerce spending is high across the board, which means there's a lot of potential for you to get a piece. Affiliate marketing If you don't feel like selling your own products online, we don't blame you. As far as passive income goes, it's pretty labor intensive, between all the shipping, processing, and actual production of products. Fortunately, affiliate marketing is a great way to earn a bit of money with a bit less effort on your part. Create content If you're a good writer or a knowledgeable expert, there's a good chance that content creation is your best path to passive income. By starting a blog — and more important regularly updating it — you will grow a substantial following that can translate into revenue. Where is the best place to start, though? [If you're looking to make a bit of money on the side, there are plenty of avenues online that can help,]( especially given the increased functionality and popularity of AI platforms like ChatGPT. Real Estate News Tiny Homes Company Has Large Goals - San Diego Business Journal With the tongue-in-cheek name of Clever Tiny Homes, three San Diego entrepreneurs are hoping to revolutionize the manufactured home market. Real Estate's trends and goals revealed Dive into the minds of the industry with insights straight from our recent customer survey. Housing Market Activity Lost Steam in January as Mortgage Rates Stopped Falling and Prices Kept Rising Listings dropped for the first time since June and pending sales growth slowed as mortgage rates stagnated and prices jumped the most in 16 months. Personal Finance Tips How to negotiate a higher salary when accepting a new job If you have received a job offer and are considering accepting it, experts suggest taking a moment to reflect before making a decision. Higher prices for everything? Here are money tips to deal with inflation Inflation has eased, but climbing prices, especially for car insurance and overdraft fees can still bite. Here are tips for managing it all. How to prepare your finances for a potential layoff 5 smart money tips for uncertain economic times Alternative Investing Elon Musk Moves Neuralink to Nevada, Nvidia Expands AI Chip Business, Tech Job Cuts Continue Elon Musk switched Neuralink’s state of incorporation from Delaware to Nevada. Bitcoin's Streak of Weekly Gains Puts Record High in Sight If History Right A year ago the crypto market was on its knees and the notion that Bitcoin might retest a record high of nearly $69,000 was almost risible. Investors Share AI Predictions at World Governments Summit As investors were wowed by ChatGPT and the rapid progress made by artificial intelligence in recent years, money poured into the industry. Do you think people are interested in brain chips? [Yes]( [No]( Reach Over 100,000 Financial Mavericks Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. [Get In Touch]( Share Financial Maverick Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! 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