FIYU MONEY
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Lifestyle/Health

HOW FINANCIALLY FIT ARE YOU?

When thinking about financial fitness, it is beneficial to perceive it similar to physical fitness rather than as an inherent quality that only a few individuals possess. Not many, if any, are capable of running a marathon competitively without any prior training. The same is true for personal finance. Not many are able to meet large financial goals or emergencies without…

The IRS Audits Low-income Households More than Medium- And High-income Households

The IRS is disproportionately targeting low-income households due to budget cuts. A study by Syracuse University’s Transactional Records Access Clearinghouse (TRAC) shows that households making $1 million and more are audited 1.5% of the time, those making $200,000 – $1 million are audited 8.9% of the time, those making $25,001 – $200,000 get audited 35.2% of the time, and those households…