A Recession or Depression occurs when the economy declines either a substantial amount or for an extended period of time. There is commonly an identifiable trigger for the economic pullback, but it also could be caused by the timing of the economic cycle. A...
The five tax filing status options are Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualified Widow. The filing statuses available to you will depend on your specific details, including marital status, number of dependents, income...
Rate of change refers to the acceleration or deceleration of an underlying speed. This data can be used to analyze the strength and direction of an underlying economic indicator, including any possible reversal points. A high rate of change would indicate a strong...
One of the best ways to increase your net worth and annual income is to pursue a passive income strategy. Passive income is beneficial because you do not need to put in the time or work on your end to generate the income stream. Instead, you need to invest some of...
The income levels for 2023 tax brackets include an adjustment higher for every bracket, but the tax rates are not changing. The standard deduction will be increasing as well as the retirement and HSA plan contribution limits. These changes should be taken into...
