How Bitcoin Is Taxed
The IRS treats bitcoin and other “convertible virtual currencies” as property, more specifically a capital asset, rather than a currency. That means there are tax consequences whenever bitcoin is bought, sold,
Category: Finance
How Is Bitcoin Valued?
Bitcoin is a major digital currency or cryptocurrency. Unlike the dollar, euro, pound, yen, peso, and other government-backed currencies, cryptocurrencies are not officially supported by any central bank or government.
30 Years of Change in Single-Parent Household Finances
American family finances have weathered the fallout of the dot-com bubble, the Great Recession and a pandemic over the last 30 years. Despite these challenges and more, single-parent households as
How To Mine Bitcoin
Bitcoin mining is a process that supports the Bitcoin network and rewards participants with Bitcoin currency. Bitcoin mining is a highly technical process that requires significant computing power. But thanks
Who Should Get on ‘SAVE’, the New Student Loan IDR Plan?
The federal student loan payment pause is over, and borrowers have a new income-driven repayment (IDR) plan option that could slice monthly payments in half, fast-track them to loan forgiveness
How Does Bitcoin Work?
Bitcoin is the best known and most valuable cryptocurrency, a form of digital money. Unlike dollar bills that you can hold in your wallet or stuff in your pocket, you
These 10 Cities Have the Highest Minimum Wage in the U.S.
With the federal minimum wage mired at $7.25 an hour since 2009, many cities and states have been taking it upon themselves to set the bar higher. And sometimes, higher
How To Invest in Bitcoin
Bitcoin is a well-known cryptocurrency that offers tech enthusiasts an alternative form of money. Cryptocurrencies such as Bitcoin offer a relatively new method of tracking and verifying asset ownership, which
Survey Data: Why Some Renters Won’t Buy Homes, Even as Rates Drop
Down payments and DIY projects aren’t for everyone. Here are 4 reasons why that’s OK. 1. Upfront costs of homebuying are substantial More than half (56%) of renters say they
How Do You Buy Bitcoin?
Cryptocurrency is digital money that is easy to use for payments and other financial transactions. Bitcoin was the first cryptocurrency, introduced in 2009. Today, there are more than 7,500 cryptocurrencies but Bitcoin is by