Bangladeshi literature likely to remain absent from Kolkata’s cultural festivalsIn conclusion, Shanxi's thrilling 106-101 victory over Beijing was a statement win that showcased their talent, resilience, and determination. It marked a turning point in their season, propelling them to third place in the league standings and solidifying their status as a team to be reckoned with. As they continue their journey in the league, Shanxi will carry the momentum and confidence from this victory, aiming to build on their success and achieve even greater heights in the games to come.
The FIFPro Best XI of the Year has always been a highly anticipated list in the world of football, showcasing the top performers in the game over the past year. This year's lineup, announced recently, has sparked quite a bit of conversation and debate among fans and analysts alike.One of the most striking demonstrations of Willow's capabilities is its ability to solve a problem that would take a classical supercomputer 10^25 years to complete in just five minutes. This astounding speed represents a quantum leap forward in computing power and opens up new avenues for tackling complex scientific problems across a wide range of disciplines, from materials science and cryptography to machine learning and optimization.
Judge rejects request to sideline volleyball player on grounds she’s transgender
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180 years of The Nassau Guardian
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Stay tuned for more updates and information on the release of "Demon Slayer: Infinity Castle Arc" as we count down the days until this much-anticipated cinematic experience comes to life on the big screen. Get ready to witness the extraordinary courage, resilience, and bonds of friendship that define the Demon Slayer Corps as they face their greatest challenges yet in the mesmerizing world of 'Demon Slayer: Infinity Castle Arc.'
WATCH: 15-y-o autistic girl missing in ManchesterReports suggest that Rashford's inconsistent form and injury struggles have prompted Manchester United to consider selling him in order to bring in fresh talent and free up funds for other signings. With several top clubs rumored to be interested in acquiring the 24-year-old forward, including Barcelona and Paris Saint-Germain, United may be looking to capitalize on his market value while they still can.
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate tax products to write unbiased product reviews. If your circumstances have changed, you may end up owing taxes when you usually get a refund. Common reasons include underpaying quarterly taxes if you're self-employed or not updating your withholding as a W-2 employee. You may also owe if you collected unemployment benefits, which are taxable. Filing taxes is a task few people enjoy. But the frustration is worth it once you receive a refund . That is, unless, you owe money. While having a balance due on your tax return can be a surprise for some, it's nothing to panic over. There are multiple reasons why you may have underpaid taxes throughout the year, from shifting financial and personal circumstances to changing tax laws. But understanding why you ended up with balance due can help you avoid it in the future. Changes in income and withholding If you've transitioned into a new job in the past year, this can have tax implications. "Changing jobs midway through the year will affect your tax liability if your income changed between the two jobs," says Logan Allec, an accountant and owner of tax debt relief company Choice Tax Relief . If your new job pays more and moves you into a higher tax bracket, you'll naturally end up owing more come tax season. But Allec says that changing jobs can affect your expected refund for reasons other than the change in tax liability . "Let's say that halfway through the year, you go from a job making $25,000 per year to a job making $12,000 per year. Unless you prepare your Form W-4 in a specific way, that second job may not withhold any federal income tax from your paycheck because your $12,000 expected total annual earnings are less than your standard deduction," he explains. So while you paid your federal income taxes on the $12,500 you earned during the first half of the year, you didn't pay any on the $6,000 you made during the remainder of the year. This could cause you to owe money come tax time because you'll have to pay taxes on that $6,000 since none were withheld during the year. When calculating withholding, each employer only considers the income earned at that job. When you have multiple sources of income, however, combining those income sources may mean you may fall into a higher tax bracket than you might with a sole employer. Increasingly, many people are earning money from a side hustle in addition to their full-time jobs. These gigs don't typically withhold money for taxes like a traditional employer does, so you may need to make estimated quarterly payments to keep up with your tax liability. If you don't, you could owe at tax time. If your side hustle brought in more than $10,000 in 2023 and you received that income through an app like Venmo or PayPal, you should have received Form 1099-K from the payment platform at the beginning of tax season to fill out your 2024 tax return. For the 2024 tax year, payment processors have to issue 1099-Ks to anyone who received more than $5,000 in payments for goods and services, even if it was only one transaction. This is part of an IRS plan to phase in new reporting thresholds, which will eventually reach $600. Unemployment benefits are taxable , but most states don't automatically withhold your taxes. Benefit recipients can usually choose whether to pay taxes through withholding or by making estimated payments. If you received unemployment benefits in 2024, you should receive Form 1099-G by the end of January so you can report the amount on your federal tax return. If you haven't paid any income taxes on the benefits you received, you may owe money when you file. Withdrawals from traditional retirement accounts are typically taxable. How much you pay depends on your age and the distribution rules of the account. Many employer-sponsored retirement plans, including 401(k)s , will implement a mandatory 20% withholding on the amount distributed from the plan, plus an additional 10% penalty if it's an early withdrawal. Often the withholding amount is enough to cover taxes, but in some cases it's not, leading to additional tax owed when you file your annual return. Quick tip: Make sure you file your taxes on time, even if you're worried you can't pay the full amount you owe, as the penalty for late filing is 10 times the penalty for late payment. The IRS offers various payment plans, which may help you avoid additional interest charges and penalties. Changes in deductions and credits Congress greatly enhanced tax benefits for struggling households during the pandemic. These included several rounds of stimulus checks, an expanded Child Tax Credit providing advanced payments to families, and a $300 charitable deduction that could be claimed alongside the standard deduction. All of these benefits have since expired, which may have an impact on your tax liability if your income has stayed the same or gone up. If your income or marital status has changed since last tax season, you may no longer qualify for certain tax credits or deductions. The Earned Income Tax Credit , for example, is only available to non-parents earning between $18,591 (single filers) and $25,511 (married, joint filers) for tax year 2024, up from $17,640 to $24,210 for 2023. Be sure to review the current income limits for deductions and tax credits well ahead of tax season to avoid surprises. Life events and tax implications Combining — or dividing — financial assets can shake up your tax situation, leaving you owing money when you usually get a refund. If you get married or divorced, be sure you have chosen the correct filing status and accounted for the increase or decrease in income when updating your W-4. If you sold your home for a profit, you may qualify to exclude up to $250,000 of the gain if you're a single filer or $500,000 if you're married and filing jointly. In order to do so, you need to have owned the home and resided there for at least two of the last five years. If you don't pass the ownership and residence tests , you may have to pay taxes on the gain. If you sell investments in a non-retirement account and earn a profit, you could be on the hook for capital gains taxes . These investments include things like stocks, cryptocurrency, mutual funds, and exchange-traded funds (ETFs). Any stock or crypto gains should be reported on your tax return. You'll be taxed on the difference between your basis (usually your purchase price, but sometimes that includes an adjustment) and the proceeds from the sale. The amount you're taxed will depend on how long you owned the investment before selling it and your total income for the year. While taxpayers usually have to pay capital gains taxes on profits received from investments, Allec says there are exceptions, like if you have capital losses that equal or exceed your capital gains for the year. "If this is the case, you'll owe no capital gains taxes on your stock or crypto you sold at a gain because your capital losses will have wiped them out," he says. Other factors If you're self-employed and have no other sources of withholding, you're responsible for paying your taxes through quarterly estimated tax payments . Your estimated quarterly payments for 2024 are due on April 15, June 17, September 16, and January 15, 2025. If you underpay your quarterly taxes — or fail to pay them — you could owe money at the end of the year and the IRS could charge you additional penalties and interest. But you're not just paying income taxes. An employer must pay half of your Social Security and Medicare taxes when you have a job. If you're self-employed, you have to foot the entire bill yourself. However, you can deduct the employer-equivalent portion of that when figuring your adjusted gross income. If you're self-employed, it's a good idea to work with an accountant. A knowledgeable accountant will determine how much you owe for your quarterly tax payments and can give you tips for lowering your tax bill. If you're sure you should be getting a refund rather than having a balance due, you may have made an error in your calculations. If you're using tax software , consider upgrading to get one-on-one help from a tax professional. Oftentimes they will personally review your return to double-check for mistakes. If you identify an error — such as forgetting to report some income or failing to claim a deduction you're eligible for — in a return you've already filed, you should promptly file an amended return to correct it. FAQs on owing taxes Yes, you can negotiate your tax debt with an Offer in Compromise (OIC) , in which the IRS requests more information about your financial situation to determine whether you qualify to settle your debt for less than you owe. The IRS offers reasonable payment plans to individuals who can't afford to pay their tax bill in full, including short-term (180 days or less) and long-term options. To avoid owing taxes next year, ensure that your W-4 is updated to reflect any changes in your life, such as marriage, divorce, or the birth or adoption of children. If you have income that isn't subject to withholding, such as a side gig, you should calculate estimated taxes and make quarterly payments to the IRS, and possibly your state. Real estate/mortgages Taxes Retirement planning Small business finances Banking BudgetingThe Pittsburgh Steelers have been hit with a devastating blow on the offensive side of the ball during the most crucial point of the 2024 season. With an incredibly difficult schedule ahead, top play-maker George Pickens showed up on the injury report with a hamstring injury the Friday before a Week 14 contest against the Cleveland Browns. He ended up missing the game, and is expected to be out longer than originally expected. This could provide to be a crucial absence as the team attempts to not just clinch a spot in the playoffs, but the AFC North and a postseason matchup at home. Fans were originally concerned when Pickens popped up on the injury report, but many believed his limited participation in Friday's practice before the Cleveland game was just the team being cautious. Many were shocked when he was inactive for the contest, but more suspicion starting flying around after it was reported that the injury was believed to be worse than originally thought. Mark Kaboly joined The Pomp and Joe Show on Wednesday to cut the state of the Steelers as the franchise prepares to take on the Philadelphia Eagles. The insider, who is much more aware of what goes on behind closed doors than most, expressed complete and utter confusion about the approach that Pittsburgh took to Pickens and his injury. "Do you know that they got to walk about, uh, 200 to go get an MRI at any time," Kaboly noted. "I'm not quite sure if any other organization on the planet has that accessibility to MRIs. Usually, they take advantage of that. I mean, any time somebody has, you know, a sneeze, they'll send somebody over to have an MRI, so I don't quite get why they didn't send him Thursday after practice. I have no idea." No one is doubting that Pickens in dealing with some kind of ailment, but Kaboly's points more so focus on the questionable calls made by the training and coaching staffs during this time. Giving a fan base hope that all was okay with the star wideout, and then coming back to say that it could be more serious is a complete lack of communication. Kaboly went into some more detail about how the process typically works for the Steelers when it comes to injuries that can be diagnosed with an MRI. He seemed relatively shocked that the franchise decided not to get Pickens one as soon as possible, given the fact that it has always been very careful with players dealing with soft tissue injuries. "Maybe they just thought that it wasn't that bad and even if, the history says that they err on the side of caution so many times when it comes to an MRI to go over there for a half hour and find out. I mean, that's how they find out the severity of these things, so something doesn't all add up. I'm not saying it's a conspiracy." Time will tell if Pickens will be good to go before January or not, but Kaboly did suggest that the team should hold its top pass-catcher out until the postseason. The biggest issue with that is the group is still attempting to win the division, and being without a dynamic play-maker on offense could significantly affect the chances of having a playoff game at home. Steelers Need Pickens Healthy As Fast As Possible Pittsburgh will be able to get by with strong defense and veteran leadership, but those two things will only take the team so far. When any organization is without its best player on offense, digression is expected. If the Steelers want to make a true run at another Super Bowl, one of the key parts of that will be Pickens. His health will be critical moving forward. This article first appeared on SteelerNation.com and was syndicated with permission.LOS ANGELES (AP) — Adrian Kempe and Quinton Byfield scored in the second period, and the Los Angeles Kings beat the Seattle Kraken 2-1 on Saturday. David Rittich made 19 saves for the Kings, who improved to 6-2-1 at home. Kempe and Byfield scored 1:44 apart in the second period. Byfield buried a sharp-angle slap shot on a power play while dropping to a knee. It was his 98th career point in 200 games. Brandon Montour got the Kraken on the board with 1:26 left in the game. He converted a long shot with Joey Daccord off for another skater, but Los Angeles held on. Daccord finished with 19 stops for Seattle. Kraken: Jordan Eberle will miss at least three months after undergoing surgery on his pelvis. He had six goals and five assists in 17 games before he got hurt against Chicago on Nov. 14. Kings: The power play had been in a 1-for-16 rut (6.25%) over the previous six games before Byfield found the net. It was the Kings' lone opportunity with the man-advantage. After following its 1-0 loss to Buffalo on Wednesday with a fourth straight period of extreme low-event hockey, Los Angeles created a lot more activity and offense to start the second and generate its two goals. The Kings know how to close out games, improving to 9-0-1 when leading after two periods. The Kraken visit Anaheim on Monday, and the Kings play at San Jose on Monday. AP NHL: https://apnews.com/hub/nhl