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Happy hump day, Daily Money readers! It's Amanda Pérez Pintado with today's top headlines. |
Tax season is in full swing, and if you live in certain states, your Social Security benefits may be taxable. |
Retirees have to pay federal taxes on Social Security benefits if their total income exceeds certain amounts. The amount paid depends on income and whether you're filing a joint or individual return. (Read more on federal taxes on your Social Security money here.) |
But 11 states also tax Social Security benefits. The rules on what's taxed vary by each state, so make sure to check your state's laws. |
Find out if you live in a state that taxes Social Security benefits here. |
Walmart to close a handful of stores |
Walmart said it will shutter a handful of stores in some states and DC this year due to poor financial performance. |
Eight stores are closing in Washington DC, Florida, Illinois, New Mexico, Oregon and Wisconsin, as well as two experimental "Pickup" locations in Illinois and Arkansas. |
The company said it made the decision after a review process that determined the impacted stores didn't meet financial expectations. |
Find out if your nearby location is on the chopping block here. |
📰 More stories you shouldn't miss 📰 |
Jerome Powell remarks: Fed chair testifies before Senate on inflation, speeding up rate hikes. |
Goodbye, Matterhorn: Toblerone drops iconic mountain logo amid plans to move part of its production to Slovakia. |
If you take a screenshot on Instagram, does the person know? Rules of play on the app. |
'Do the right thing now': Buttigieg calls on airlines to act, not wait for family seating rulemaking. |
Lowering interest rates: As rates rise, here's how you can lower the cost of charging expenses to your credit card. |
🍔 Today's Menu 🍔 |
Vegan Reese's Peanut Butter Cups: Reese's Plant Based Peanut Butter Cups, made with oats instead of milk, will be Hershey's first vegan chocolates sold nationally, the company said. The chocolates go on sale this month. |
About The Daily Money |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
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