Financial News


The Fed Hits the Brakes: No Rate Hikes Projected in 2019

The shift from further rate increases this year suggests that the Fed believes there is little to fear regarding high inflation. At its meeting on March 20, 2019, the Federal Open Market Committee (FOMC) maintained the benchmark federal funds rate at the target range of 2.25% to 2.50% that was set in December 2018. This in itself was not surprising.
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Federal Income Tax Returns Due for Most Individuals

Filing deadline for most individuals: The federal income tax filing deadline for most individuals is Monday, April 15, 2019. Residents of Maine and Massachusetts have until Wednesday, April 17, to file their 2018 tax return because April 15 is Patriots' Day and April 16 is Emancipation Day. Monday, April 15, 2019Wednesday, April 17, 2019, if you live in Massachusetts or MaineTuesday, October 15, 2019, if
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There’s Still Time to Contribute to an IRA for 2018

Making a last-minute contribution to an IRA may help you reduce your 2018 tax bill. If you qualify, your traditional IRA contribution may be tax deductible. And if you had low to moderate income and meet eligibility requirements, you may also be able to claim the Savers Credit for 2018 based on your contributions to a traditional or Roth IRA.
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