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Monday, April 5, 2021

The Daily Money: 401(k) may = key to more stimulus $

In today's Daily Money newsletter, we have insights on credit card surcharges, unemployment taxes, GM's new Hummer SUV and 401(k)s. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Monday, April 5

Good morning, Daily Money friends, it's Nathan Bomey welcoming you to this first full week of April. "Dennis the Menace" was before my time, but you can't forget that indelible title. One of the main actors from that show has died.

On to our ... 

💡 INSIGHT OF THE DAY: Credit card surcharges are when a retailer charges you extra for the right to pay with a credit card. Why do they do that? Because they pay a percentage of each credit card transaction in the form of processing fees. But it turns out that credit card surcharges are illegal in five states : Colorado, Connecticut, Kansas, Maine and Massachusetts.

Body Image
A hand swiping a credit card through a credit card machine.
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📰 Here are our top stories:

1. Your 2020 unemployment benefits are likely tax-free federally. But these 13 states are still taxing them.

2. First, General Motors revealed an electric Hummer pickup. Now comes an electric Hummer SUV.

3. Sending more funds to your 401(k) in 2021 could help you get more stimulus money. Here's how it works.

4. Worried about higher taxes? Here's what investment strategies to choose.

5. Maybe it's time to treat yourself to a McFlurry. Make it a ... Caramel Brownie McFlurry?!

Hey, tell my boss I'll be on break while I head to McD's.

--@NathanBomey

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