Noteworthy News

We've scoured the internet so that you don't have to. Consider this our monthly roundup of relevant news articles to support your pursuit of prosperity. 

 

Fed Likely To Hike Rates in March As Powell Vows Sustained Inflation Fight

The Federal Reserve said it is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what U.S. central bank chief Jerome Powell pledged will be a sustained battle to tame inflation. "The committee is of a mind to raise the federal funds rate at the March meeting assuming that the conditions are appropriate for doing so," Powell said in a news conference, pinning down a policy statement from the central bank's Federal Open Market Committee that only said rates would rise "soon."

Can You Take the Home Office Deduction?

You may be eligible for the home office deduction if you had any income from self-employment (not just remote work) in 2021. Here’s how to find out whether you’re eligible for the break and what expenses you can deduct.

Addressing America’s Financial Literacy Crisis Begins at Home

Budgeting, investing, saving, paying bills on time … all of these skills are essential to master. To help your own kids on their path to financial success, start with these three steps.

It’s Costly To Care for Aging Relatives. Here’s How To Get a Tax Break This Season

Caring for aging relatives or family members with special needs can be tough on your finances. But you may qualify for federal or state-level tax breaks to offset some expenses. On average, Americans providing unpaid care for another adult spend 28 hours per week on their duties, according to a Fidelity Investments study, and roughly 1 in 5 have skipped work opportunities, such as promotions or offers. What’s worse, nearly 80% of caregivers have out-of-pocket costs, averaging $7,242 per year.