It's Your Money

Technology: AI models could pose "profound risks to society and humanity." The latest via

500 Top Technologists and Elon Musk Demand Immediate Pause of Advanced AI Systems Steve Wozniak and Stuart Russell were among the signatories of an open letter warning advanced models pose “profound risks to society and humanity."

EV Tax Credit news from Japan. Story via

US, Japan sign trade deal on electric vehicle battery minerals The United States and Japan on Tuesday signed a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new $7,500 U.S. EV tax credit.

Here are the April 2023 Individual Due Dates

A little inspiration from . Wednesday Wisdom

Personal Finance: As the cost of living remains high, 62% Americans now say they are living paycheck to paycheck, according to a recent report. Details via

With 62% of Americans living paycheck to paycheck amid inflation, more people have a side job As it gets harder to keep up with higher prices, more people have picked up a side job to improve their financial standing, according to a new report.

Those dealing with income taxes only once a year when involved with their own tax return often have questions related to tax terminology and sometimes find it difficult to get answers to those questions.

EV Tax Credit Update: The U.S. and EU have been negotiating for weeks over how the European industry could qualify for those incentives. Update via

U.S. eyeing ways to include Europe in electric car tax breaks An upcoming Treasury Department proposal won’t offer tax breaks for electric vehicles containing minerals from Europe, a senior administration official said. But ongoing trade talks could change that.

Here's some motivation for your Monday from

Growing a business: By nurturing grit, you will become a better leader, grow your business faster and outperform your competitors. Viewpoint via

5 Steps to Build Grit in Times of Uncertainty While Growing Your Business Faster Than Others | Entrepreneur Perseverance and grit are essential traits for any entrepreneur. By nurturing grit, you will become a better leader, grow your business faster and outperform your competitors.

Local Taxes: If it doesn't sell by April 1, the property would be subject to a looming new, local mansion tax, which goes into effect next month and could cost the owner a further $2 million. Story via

This LA mansion is staring down an April 1 deadline before the seller loses millions A new, local mansion tax takes effect in Los Angeles next month, levied upon a seller of any real property that trades for $5 million or more.

NBA Players Fraud Victims: Cohen allegedly directed the basketball players to give donations to a nonprofit, which he ultimately used to build athletic facilities in his backyard. Story via

Ex-Morgan Stanley advisor charged with defrauding NBA players out of millions Darryl Cohen is facing three different counts of fraud, which could amount to 20 years in prison.

Here is a fun fact for your Saturday from It's Your Money.

Retirement: Older generations are spending more, thanks to a record Social Security cost-of-living adjustment for 2023. Story via

After an 8.7% Social Security cost-of-living adjustment for 2023, next year's increase may not be as large Older generations are spending more, thanks to a record Social Security cost-of-living adjustment for 2023. But benefits may not increase as much next year.

Power Players: Warren Buffett talked about [how], in the end, it's how friends really think of you and how strong those friendships are [that matters]. Insight via

Bill Gates says Warren Buffett gave the best advice he's ever received—it's 'maybe the most important thing' he's learned The Microsoft co-founder sat down for an interview with U.K. Prime Minister Rishi Sunak last month and the two answered questions generated by an A.I. chatbot.

Here's your tax fact of the week from your friends at It's Your Money.

Personal Finance: Roughly 64% of couples admit to being "financially incompatible." Viewpoint via

Financial Red Flags That Might Be Hurting Your Relationship Talking about money to your partner and spouse is never an easy conversation to have, especially if you’re unsure what they think about it, or if you have limited knowledge of how to work with money.

Most of the time an expense that may be tax deductible needs to be paid by the end of the year for which the expense will be claimed. However, there is an exception to that rule. IRA contributions for the prior year can be made after the close of the year if made by the return's original filing due date for the year.

It's Not Too Late for an IRA Contribution Most of the time an expense that may be tax deductible needs to be paid by the end of the year for which the expense will be claimed. However, there is an exception to that rule. IRA contributions for the prior year can be made after the close of the year if made by the return’s original filing du...

One of the most important things to understand about taxes for airline pilots and crew members is that they aren't necessarily taxed the same way the rest of us are. Learn more.

What Airline Pilots & Crew Members Should Know About Taxes One of the most important things to understand about taxes for airline pilots and crew members is that they aren't necessarily taxed the same way the rest of us are.

Business finance: Venture debt is a type of loan typically offered to early-stage, high-growth companies from specialized banks or lenders. Learn more via

What is venture debt—and how will SVB’s collapse affect it? SVB was the largest issuer of venture debt, and its collapse could have long-lasting effects on startups.

Tax fraud: Falsifying documents and filing fraudulent tax returns is a crime. Story via

El Dorado County Couple Found Guilty of Tax Fraud Secure .gov websites use HTTPS A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

State and local tax issues: Forecasts now look much weaker, even as many states consider additional tax cuts. Report via

State Revenue Forecasts Look Bleak as Revenue Boom Subsides States saw robust tax revenue growth in fiscal years 2021 and 2022, largely caused by federal and state policy actions. But forecasts now look much...

Business Insight: Here's an overview of leadership training and how to choose a program that can help you make an impact. Tips via

How Leadership Training Can Help You Transform Your Organization Change is inevitable in business. Here’s an overview of how leadership training can help you effectively transform your organization.

Wednesday Wisdom and It's Your Money = Success

Banking crisis: The group proposed that the expanded insurance program be paid for by the banks themselves. Report via

Midsize U.S. banks reportedly ask the FDIC to insure all deposits for two years A coalition of midsize U.S. banks asked regulators to extend FDIC insurance to all deposits for the next two years, Bloomberg News reported.

There are potential tax implications from getting laid off that you will definitely want to be aware of moving forward.

Have You Lost Your Job? Here's What You Need to Know About Taxes

Starting a business: Technical debt must be taken care of if you want to ensure early and long-term startup growth. Insight via

4 Ways to Address and Avoid This Startup Killer | Entrepreneur Technical debt must be taken care of if you want to ensure early and long-term startup growth.

As a reminder to those who have not yet filed their 2022 tax returns, April 18, 2023, is the due date to either file a return (and pay the taxes owed) or file for an automatic extension (and pay an estimate of the taxes owed). The traditional April 15 filing date is moved to the 18th because of a holiday in the District of Columbia. Taxpayers in certain disaster areas have additional time to file.

The Tax-Filing Deadline Is Drawing Near As a reminder to those who have not yet filed their 2022 tax returns, April 18, 2023 is the due date to either file a return (and pay the taxes owed) or file for an automatic extension (and pay an estimate of the taxes owed). The due date is April 18, instead of April 15, because of the Emancipation...

Finance: UBS will take over Credit Suisse, the Swiss National Bank announced Sunday afternoon. Story via

It's official: UBS to acquire Credit Suisse in historic rescue deal The Swiss National Bank said in a statement Sunday afternoon that the takeover was made possible by the Swiss federal government and the Swiss Financial Market Supervisory Authority FINMA.

If you're getting started in the world of investing and want to make sure that your journey gets off on the right foot, there are a number of important things to keep in mind.

Are You a New Investor? Keep These Personal Finance Tips in Mind