If you’re stuck on how to handle some of the practical aspects of online banking, here are answers to common questions.
SHOULD I SAVE MONTHLY STATEMENTS?
Experian, one of the three major credit bureaus, recommends keeping bank statements for tax purposes to confirm your income or deductible expenses. If you do end up using your statements for your taxes, you may want to hang onto your statements for up to seven years in case the IRS decides to audit you. Even if your bank keeps digital records of your statements, you may want to print or download your statements just in case.
WHEN SHOULD I SHRED THE PAPER CHECK FROM A MOBILE DEPOSIT?
Major banks recommend that after you’ve made a mobile deposit, you write “mobile deposit” and the date of deposit on the front of the check. Keep the check until you’ve made sure the deposit has gone through — which may take several days — and that the bank doesn’t need the original check for any reason. Once the check has been cleared in your account, it’s best to shred it.
HOW DO I SEND MONEY OR PAY BILLS THROUGH MY MOBILE BANKING APP?
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4 Ways to Protect Your Small Business From Cyberattacks
Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering.
GOOGLE STRIKES CONTENT DEALS WITH 300 EUROPEAN PUBLISHERS
Google said that it struck licensing deals with 300 news publishers in Europe in its latest effort to comply with a recently introduced European Union copyright law.
MS. PAC-MAN CLEARS PATH TO WORLD VIDEO GAME HALL OF FAME
More than 40 years after blazing a trail for female video game characters, Ms. Pac-Man was inducted into the World Video Game Hall of Fame, along with Dance Dance Revolution, The Legend of Zelda: Ocarina of Time and Sid Meier’s Civilization.
SEC: NVIDIA FAILED TO DISCLOSE CRYPTO AS REVENUE GENERATOR
Nvidia, a major tech company that has expanded aggressively into gaming, will pay a $5.5 million penalty for failing to disclose that crypto-mining was a significant source of revenue growth from the sale of graphics processing units that were produced and marketed for gaming.
GOOGLE GETS MORE MULTILINGUAL, BUT WILL IT GET THE NUANCE?
About 10 million people speak Quechua, but trying to automatically translate emails and text messages into the most widely spoken Indigenous language family in the Americas was long all but impossible.
CRYPTO COMES TO WASHINGTON. WILL THE MILLIONS BUY INFLUENCE?
Erin Houchin braced for the worst when a mysterious, well-financed group started buying television ads last month in her highly competitive southern Indiana congressional race.
COINBASE LOSES HALF ITS VALUE IN A WEEK AS CRYPTO SLUMPS
Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump.
BIDEN ANNOUNCES PROGRAM OFFERING DISCOUNTED INTERNET SERVICE
President Joe Biden announced that 20 internet companies have agreed to provide discounted service to people with low incomes, a program that could effectively make tens of millions of households eligible for free service through an already existing federal subsidy.
EA SPORTS AND FIFA END PARTNERSHIP, BOTH EYE NEW VIDEO GAMES
Electronic Arts will stop making its hugely successful FIFA video game in its current name, marking a split in one of soccer’s most successful and lucrative partnerships after the sides failed to strike a new licensing deal.
GOOGLE ADOPTS AN APPLE-LIKE APPROACH FOR ITS PIXEL PRODUCTS
Google took a big step toward pushing its Pixel product line-up down a road already paved by Apple and its array of trendsetting devices.
What to Save and What to Shred
You’ll need supporting documents in case you’re audited, but you don’t need to save them forever.
IRS TO END USE OF FACIAL RECOGNITION TO IDENTIFY TAXPAYERS
The IRS said it will suspend the use of facial recognition technology to authenticate people who create online accounts after the practice was criticized by privacy advocates and lawmakers.
TRADED CRYPTO IN 2021? HERE'S HOW TO APPROACH TAXES
Professionals have a major piece of advice for those who traded cryptocurrency for the first time last year: Take your tax prep seriously.
HOW TO CUT YOUR 2021 TAX BILL
Our guide will help you claim a higher refund or reduce the amount you owe.
CON ARTISTS TARGET PEOPLE WHO OWE THE IRS MONEY
Got a Tax Question? Don't Call the IRS
Customer service has cratered at the short-staffed, underfunded agency
3 Times You Need Money Advice from a Human
You can now manage most aspects of your money without ever consulting another human being. You can budget, borrow, save, invest, buy insurance, prepare your tax return and create a will — among many other tasks — by using apps, websites and software.
Lower Taxes on Your RMDs
When you turn 72, you’ll have to start taking minimum distributions from your IRA and 401(k). These strategies will help trim Uncle Sam’s take.
A Guide to 401(k) Plans
Consider these strategies to get the most out of your savings.
Ratcheting Up Risk
You can invest your retirement savings in everything from cryptocurrency to penny stocks. But that doesn’t mean you should.