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☆ Wells Fargo has cleared 6 regulatory hurdles since Charlie Scharf took over as CEO in 2019. Here’s how shares reacted to each
▼ + stars: | 2024-03-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Since taking over as CEO of Wells Fargo in 2019, Charlie Scharf has been cleaning up the bank. Wells Fargo stock gained 59% for all of 2021 compared with the KWB's 36% rise. Jan. 5, 2021: During the same year, Wells Fargo announced that an OCC consent order from 2015 had been terminated. Wells Fargo shares plunged nearly 44% in 2020, which were the early days of the Covid pandemic. Wells Fargo bank signs in New Brighton, Minnesota.

Persons: Charlie Scharf, Wells, Morgan Stanley, they've, Scott Siefers, Piper Sandler, we're, Scharf, Wells Fargo, Jeff Marks, Marks, Jan, Jim Cramer's, Jim Cramer, Jim, Michael Siluk Organizations: Management, CNBC, Federal Reserve, Currency, JPMorgan Chase, Bank of America, KBW, Club, OCC, Wells, Financial Protection Bureau, Silicon Valley Bank, Wells Fargo, UCG, Getty Locations: Wells Fargo, Wells, Silicon, New Brighton , Minnesota

☆ Here's how to pick the best free tax filing option this season
▼ + stars: | 2024-02-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

IRS Free FileA public-private partnership between the IRS and Free File Alliance, a nonprofit comprised of tax software companies, IRS Free File offers free guided tax prep software for eligible filers. If you're comfortable with tax software, Free File has eight partners this season, with varying income eligibility — and some offer free linked state filings. Volunteer tax prep from IRS programsIf you're looking for more guidance, you may also qualify for free tax prep from IRS programs with trained volunteers. The Volunteer Income Tax Assistance, or VITA, program offers free tax prep for taxpayers typically making up to $64,000, in addition to filers with disabilities and limited English proficiency. AARP Foundation Tax-Aide also offers free tax prep for low- to moderate-income older adults.

Persons: Tim Hugo, Hugo, Steven Hamilton Organizations: U.S . Bureau of Labor Statistics, Taxpayers, IRS, Alliance, National Taxpayer, Volunteer, Internal Revenue, The George Washington University, Social Locations: Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming

☆ More cancers linked to tainted water at Camp Lejeune, sweeping new study finds
▼ + stars: | 2024-01-31 | by ( Brenda Goodman | ) edition.cnn.com time to read: +9 min

Drinking water at Camp Lejeune was heavily contaminated with a number of cancer-causing industrial chemicals, including trichloroethylene or TCE, vinyl chloride and benzene, from 1953 to 1985. “I’m well aware that there are many legal issues surrounding Camp Lejeune. Courtesy Michael PartainPartain and a veteran, Jerry Ensminger, 71, have spent years working to get the government to recognize and compensate sick veterans who served at Camp Lejeune. A link between male breast cancer and the chemical contamination at Camp Lejeune has been suspected for years. “This is yet more evidence that the water at Camp Lejeune affected our health,” Partain said.

Persons: Camp Lejeune, they’ve, “, ”, Michael Partain, Aaron Bernstein, ATSDR, ” Bernstein, ” Partain, ” Michael Partain, Jerry Ensminger, Michael Partain Partain, Ensminger’s, Janey, Partain, ’, aren’t, Lejeune, Dr, Sanjay Gupta, Bernstein Organizations: CNN — Military, Lejeune, Marines, Navy, US Centers for Disease Control, Research, Camp Lejeune, Agency, Toxic Substances, CDC, Department of Justice, US Department of Veterans Affairs, Camp Pendleton, CNN, CNN Health, Camp Locations: North Carolina, California, Camp, Camp Lejeune, Camp Pendleton, United States

—Tax credits, such as child tax credit, retirement savings contributions credit, etc. Earlier this month, Congress announced a bipartisan agreement to enhance the current child tax credit. The bill would incrementally increase the maximum refundable child tax credit to $1,800 for 2023 tax returns, $1,900 for the following year and $2,000 for 2025 tax returns. If you can’t see what your tax preparer is working on, get a copy of the tax return and ask questions about each of the entries. If you are due for a refund, you will not receive a penalty and you will receive your tax return payment.

Persons: Courtney Alev, ” Alev, Tom O’Saben, O'Saben, O’Saben, “, ” O’Saben, —, Alev, You’re, you’ve, It’s, ___, Charles Schwab, ” Organizations: —, Credit Karma, Savings, IRS, National Association of Tax, Elderly, People, Social Security, Social, Center, Budget, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: United States

☆ Top Wall Street analysts say buy these dividend stocks for enhanced returns
▼ + stars: | 2023-11-05 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Ares CapitalThis week we will first look at a high-dividend yield stock Ares Capital (ARCC). ARCC offers a dividend yield of 9.8%. Citi's dividend yield stands at 5%. The company pays a dividend yield of 2.5%. On Oct. 26, Tigress Financial Partners analyst Ivan Feinseth reiterated a buy rating on AT&T stock with a price target of $28.

Persons: Justin Sullivan, Wall, Kenneth Lee, Lee, TipRanks, James Fotheringham, Fotheringham, Peter Saleh, Saleh, Ivan Feinseth, Feinseth Organizations: Citibank, ARCC, RBC Capital, Ares, Citigroup, Citi, BMO Capital, Tigress Financial, Edge, T Locations: California

(AP) — The U.S. Environmental Protection Agency on Monday proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. “Today, EPA is taking a major step to protect people from exposure to this cancer-causing chemical.”Massachusetts Sen. Edward Markey, who has led the effort to ban TCE, welcomed the move. Political Cartoons View All 1215 Images“With this rule, we can see a future where we will no longer be manufacturing, processing and distributing a chemical known to be deadly,” Markey said. The chemical presents an “unreasonable risk of injury to health or the environment” in 52 of 54 uses in industrial and consumer products, the EPA has found. The 2016 law required the EPA to evaluate chemicals and put in place protections against unreasonable risks.

Persons: TCE, Michal Freedhoff, Massachusetts Sen, Edward Markey, ” Markey, “, Anne Anderson, Jimmy, Anne, ” Anderson, Frank, Matthew Daly Organizations: Environmental Protection Agency, of Chemical Safety, “, EPA, Woburn, Andersons, Chemical, Press Locations: WOBURN, Mass, U.S, United States, Massachusetts, Woburn ., America, Woburn, Washington

☆ 5 ways to file your taxes for free this season
▼ + stars: | 2023-03-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

IRS Free FileIRS Free File offers free online guided tax preparation for your federal tax returns and some state filings if your adjusted gross income was $73,000 or less in 2022. It's a good option for those who have simple returns, don't need ongoing tax planning advice and could benefit financially from the free service. Although 70% of taxpayers qualify for IRS Free File, only 2% used it during the 2022 filing season, according to the National Taxpayer Advocate. Tax prep for older AmericansOlder Americans may also qualify for free in-person and virtual tax help through the AARP Foundation Tax-Aide program. The program works with VITA and Tax Counseling for the Elderly, or TCE, which also provides free tax preparation for those who qualify.

(Some partners also offer free state filing.) This is an opportunity many people overlook: About 70% of Americans qualified for IRS Free File in 2022, according to the Taxpayer Advocate,, but only 2% actually used it. Even if you meet the income requirements, Free File might not have the forms you need. If you don't meet the income requirement for Free File, you can still use the site's fillable forms. Bottom lineThere are lots of ways to file your taxes for free, whether that's with the IRS or a commercial tax software company.

Persons: TurboTax, Read, There's, isn't Organizations: CNBC Select's, Read CNBC, IRS, Social Security, Child Tax, Elderly, AARP, Department of Defense, CNBC, Facebook, Twitter Locations: Mobile, Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming

If you only need to file a simple tax return or meet certain income requirements, you can file your taxes for free, using programs sponsored by the IRS or online tax software. Use IRS Free FileIRS Free File is a free online service for filing taxes designed by the IRS. Roughly 70% of Americans were eligible to use IRS Free File last year, but only 2% actually used it. It also won't work for you if you have business or self-employment income, income from rental property or stock sales, or unemployment income. Or, if you prefer a free tax software with no paid upgrades at all, consider Cash App Taxes (formerly known as Credit Karma Tax).

☆ As some retirees worry about surprises this tax season, these resources may help
▼ + stars: | 2023-02-01 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Seniors may also seek help from other tax professionals this year to meet the April 18 deadline to file their federal returns. Where to find free tax helpAARP's Tax-Aide program is the largest volunteer-based tax assistance program in the country, according to Lee-Villanueva. The program works in collaboration with the IRS Volunteer Income Tax Assistance, or VITA, and Tax Counseling for the Elderly, or TCE, programs, which provide free basic tax return preparations to individuals who qualify. The government temporarily made the child tax and earned income tax credits more generous during the Covid pandemic. Tom O'Saben director of tax content and government relations at the National Association of Tax Professionals

☆ Here are 5 things to know about filing a tax return this year
▼ + stars: | 2023-01-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Filing — and tax help — may be freeCertain taxpayers can leverage free (and often little-used) resources when filing a return. The IRS Free File program offers free, guided tax preparation online. You can use last year's tax return to get a sense of what forms you may need. (Aside from tax forms, be sure to have receipts handy for relevant tax deductions and credits.) To avoid delays, file an electronic, error-free tax return with direct deposit for payments.

☆ Where to Get Your Taxes Done for Free
▼ + stars: | 2023-01-25 | by ( ) www.wsj.com time to read: +8 min

Some don’t offer free filing if you have to record retirement income or self-employment income, for example, and other specific deductions and credits are sometimes excluded from free tax filing. What’s included:Wage and salary incomeLimited interest and dividend incomeEITCChild creditStudent loan interest deductionState returnFree File through the IRSIf you are a middle-income earner, even if you have relatively complicated taxes, you should qualify to file your taxes for free through the IRS’s Free File program. Eligibility for free state tax filing through Free File depends on your state and the Free File provider you choose. However, Free File is a separate program and distinct from these company’s free online offerings, such as the ones detailed above. You have to access Free File through the IRS.gov Free File portal and create an account through the program.

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