Here's what to know about changes impacting your wallet in the New Year.
The start of every New Year brings about a lot of change, some of which may have an impact on your wallet. Financial expert Justin Reppy fromFor the 2022 filing season, the child tax credit and the child and dependent care tax credits have both been reduced.
Originally expected to take effect this year, Form 1099-K is required if you run a side job and collect payments using Venmo, PayPal or another similar app, and earn over $600. On average, retirees will get an extra $146 per month from Social Security, bumping the average benefit to $1,827.
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