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The IMF warns of âTimid Twentiesâ
The economy is doing better than expected right now. But there are two main factors that could change the way the 2020s will be remembered, according to the IMF.
US stocks finished higher Thursday as markets rebounded from the previous dayâs losses
• While consumer price inflation rose more than expected in March, wholesale inflation released Thursday helped ease some concerns.
• Tech stocks rallied, led by a 4.1% gain from NVIDIA and 4.3% gain from Apple.
What to be on the lookout for today
• April consumer sentiment from the University of Michigan.
• Major financial companies will kick off the first-quarter earnings season, with BlackRock, Citigroup, JPMorgan, State Street, and Wells Fargo all reporting.
What to do if you canât file your taxes on time
If you know you arenât going to hit the April 15 deadline to file your taxes, you can request an extension to postpone the deadline to October 15.
But hereâs the thing: You still need to pay your taxes by April 15.
Uncle Sam still wants a check
You can file for an extension for free through the IRS Free File program, or ask your accountant to do it for you. But the six-month extension doesnât apply to making payments.
Interest and late-payment fees accrue on any unpaid taxes after April 15 â extension or not. The failure-to-pay penalty is 0.5% of the unpaid taxes for each month or partial month that the bill is unpaid.
Get ahead of it
To avoid these added costs, estimate how much you owe and send in the money by April 15. If you canât afford to pay your tax bill in full by the deadline, the IRS recommends paying what you can afford and applying for an online payment plan.
Todayâs top stories
Where the governmentâs clean energy money goesThe federal government is spending big on clean energy initiatives. These are the winners and losers of all that cash.
Read more >> Feeling at home in a home you donât ownRoughly a quarter of millennials expect to rent forever. But that doesnât mean they donât make their rentals truly âtheirsâ.
Read more >> Donât make these tax filing mistakesThe tax deadline is coming closer. Make sure your return is buttoned up and ready to go.
Read more >>Other news that caught our eye
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Dollar stores across the U.S. are shutting down as inflation and shoplifting weighs on customers and companyâs bottom lines.
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The European Central Bank signaled rate cuts in the near future after holding rates flat at its latest meeting.
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Truth Social-parent Trump Media & Technology Group has lost more than half of its market value since going public.
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Boeing CEO Dave Calhoun was summoned to testify before a Senate subcommittee following the latest whistleblower allegations regarding its 777 and 787 Dreamliner aircraft.
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Credit card delinquency rates stood at the highest level since the Philadelphia Fed began collecting data in 2012 at the end of December.
Financial planner tip of the day
âAn emergency fund is intended to be used at a momentâs notice. For the most part, youâll hear that a healthy emergency fund should cover between three and six months worth of living expenses â which would include rent, mortgage, bills, food, and other essentials. And since you never know when an emergency might happen, itâs best to keep your fund relatively liquid.â
Brian Walsh, CFPÂŽ at SoFi