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Stock market today: Wall Street slips to a rare back-to-back lossBy Kemberley Washington, CPA, Bankrate.com (TNS) As the end of the year approaches, now’s the time to start preparing for filing your 2024 tax return in 2025. When it comes to tax strategies, generally Dec. 31 is the deadline to make changes that might lower your tax bill. One major exception is the deadline for contributing to a Roth or traditional IRA : You have until April 15, 2025, to make a contribution to a Roth or traditional IRA for tax year 2024. If you qualify for deductible IRA contributions , then a contribution to your traditional IRA can reduce your taxable income for 2024. Here are tips and strategies to prepare now for the 2025 tax-filing deadline. If you had significant changes in your life in 2024 — maybe you got married or divorced, started your own business, or had to claim unemployment benefits — your taxes may be more complicated. As a result, you might need to hire a certified public accountant (CPA), enrolled agent (EA) or other tax professional to prepare and file your taxes. If you decide to hire someone, it’s best to start planning for that sooner rather than later. Waiting until the calendar flips to April could cost you. The average fee for a professional to prepare and file a simple Form 1040 tax return, with no itemized deductions, is about $220, according to a survey by the National Society of Accountants in 2020-2021, the most recent data available. But that amount rises quickly for more complex returns, and varies depending on where you live. For example, a Form 1040 with itemized deductions costs an average of $432 in states on the Pacific Coast, compared with $285 in New England. No matter where you live, prices usually rise as the tax deadline approaches, so it’s smart to start searching for a tax pro soon. If you’re uncomfortable doing your taxes on your own and can’t afford a CPA, enrolled agent or other tax pro, or to pay for tax software , there are free options to consider. The IRS currently offers three ways to prepare your taxes for free: •With the IRS Free File program, the IRS partners with for-profit tax-software companies that offer free tax-prep software to eligible taxpayers so they can file their federal tax returns for free. Some taxpayers may also qualify for a free state tax filing, depending on the software provider. In January, the IRS will announce the income limit to qualify for the program for the 2025 tax season (for filing 2024 tax returns). For the 2024 tax season (2023 tax returns), taxpayers’ adjusted gross income (AGI) couldn’t exceed $79,000. •The IRS also offers its Direct File program, a free tool that allows you to file your federal income tax return directly with the IRS at no cost. The program supports simple tax returns and is available only in certain states. Check to see if you qualify here. •Another free-filing option is the Volunteer Income Tax Assistance (VITA) program. IRS-certified volunteers offer free basic tax preparation in person to people who earn less than $67,000 a year, are disabled or whose English is limited. The IRS has an online location tool for hundreds of free tax preparation sites in the U.S. (the locator tool is updated from February through April). Some VITA sites also offer online tax-prep assistance. Now is a good time to create an IRS online account. If you want to see your Form 1040 from last year, or you’re missing a prior year Form W-2 or mortgage interest statement, you can find your documents using this free tax tool. Another benefit of creating an IRS online account is that it allows you to quickly obtain your prior year’s tax information without sitting on the phone for hours with an IRS representative, says Carl Johnson, a certified public accountant in New Orleans. An IRS online account also lets you view your account balance and payment history for each year. You can also create a payment plan to settle your federal income tax debt within minutes. If you’re 73 years old and have enjoyed watching your 401(k) or IRA grow tax-free without touching it, remember that the IRS is going to want its share each year. That means you’ll have to make withdrawals — and pay income tax. If you turned 73 in 2024, plan to take your required minimum distribution (RMD) at the latest by April 1, 2025. Read this IRS bulletin for more information. The amount of your RMDs is based on your age and the year-end values of your retirement accounts. A Roth IRA has two big tax advantages over a traditional IRA : Qualified withdrawals are not considered income for federal (and usually state) tax purposes, and you don’t have to take distributions from a Roth every year once you reach age 73. Converting a traditional IRA to a Roth IRA may save you money in the long run. Just know that when you convert an IRA to a Roth, it’s considered taxable income, which will raise your tax bill for that year. Generally, it’s best to convert to a Roth IRA when you’re in a low-income year. As tax season approaches, many people start receiving phone calls, emails and texts from entities claiming to be the IRS. Be wary, and understand that these are scams. Typically, the IRS will mail you a notice before using any other method of communication to notify you concerning issues with your tax return. The IRS won’t reach out via social media or text messaging. Relatedly, the IRS warns taxpayers to be careful when choosing a tax preparer. Taking time to vet your tax preparer is crucial to protect yourself from tax scams and fraud. Before hiring a tax professional, search that person’s name in the IRS database of federal tax return preparers to avoid dishonest “professionals.” “Taxpayers should check the tax professional’s credentials,” Johnson says. Tax pros without credentials “may take questionable positions without any degree of scrutiny or fear of losing their access to the profession,” Johnson says. Taxpayers who don’t file a tax return and owe a tax bill, or who file but don’t pay their tax bill on time, risk severe penalties. The IRS can even seize assets if necessary. Respond quickly if the IRS has been sending you letters because it found an error on your return or claims you owe back taxes. Typically, the IRS will send you a notice if you have a balance due, changes were made to your tax return, or the agency needs additional information. “If you ignore a collection letter from the IRS, you may face wage garnishments, liens, bank levies, and other adverse action. And in some cases, the amount due may increase for failure to respond,” Johnson says. Keep in mind the IRS does offer installment plans and other payment plans. Make copies of your correspondence and use only the U.S. Postal Service, the postmark from which is your proof of timeliness when responding. But whatever you do, don’t ignore the IRS because this may cause more issues in the future. ©2024 Bankrate.com. Distributed by Tribune Content Agency, LLC.Socceroos striker Kusini Yengi is awaiting scan results after missing Portsmouth’s 2-2 draw with Swansea in the Championship with a knee injury. Get all the latest football news, highlights and analysis delivered straight to your inbox with Fox Sports Sportmail. Sign up now!!! Portsmouth claim Yengi suffered the injury while on international duty with Australia over the last fortnight. “He picked up an injury during the game when Australia played Bahrain,” Portsmouth manager John Mousinho said prior to his sides latest outing. It’s unclear at this stage how bad the injury is or how long Yengi will be sidelined for. The revelation comes as a slight shock given the 25-year-old played the entirety of the contest in Riffa and scored both goals, as it finished 2-2. Mousinho said Yengi picked up the injury “just before half-time.” “His knee was slightly swollen,” Mousinho added. “He was scanned on Friday afternoon. So, we’re just awaiting the final scan results and for him to see a specialist. “With knees, ankles and hips we’re always really wary.” It has been a stop-start season for the forward. He missed Pompey’s first two matches of the Championship campaign with a groin injury before being sidelined just two games into his comeback for a further five fixtures with the same complaint. Yengi had just come off a run of six games in four weeks prior to linking up with the Socceroos in Melbourne. He came on as a late substitute in a scoreless draw with Saudi Arabia in the Victorian capital before the side flew out to Bahrain. “Any injury is frustrating for us,” Mousinho said. “People do pick up injuries on international breaks. It’s probably one of the reasons why certain players don’t necessarily want to go on international duty. “We’re not one of those clubs. I want players to go away and play and represent their countries and I think it’s a really proud moment for anybody connected with Portsmouth when they do that. “It does come with a slight risk and unfortunately (Kusini) has ended up picking up an injury.” Any absence isn’t of immediate concern for the Socceroos. Tony Popovic’s side isn’t back in action until they face Indonesia and China in two must-win World Cup qualifiers in March. While Yengi has made a bright start to life for the national team, scoring six goals in 11 games, the interrupted nature of his season has impacted his output for Portsmouth. He’s yet to find the back of the net in the Championship after scoring 13-goals in 31 appearances in all competitions last season, while they were in League One, following a move from the Western Sydney Wanderers in the A-League.jili 646 login



7 tips to prepare for next year’s taxes nowStock market today: Wall Street slips to a rare back-to-back lossKaapo Kakko scored the tiebreaking goal during a four-minute power play with 23 seconds left as the New York Rangers ended their first five-game losing streak in over three years with a 4-3 victory over the visiting Montreal Canadiens on Saturday afternoon. The Rangers, who had squandered a two-goal lead early in the third period, had the lengthy power play after the Canadiens' Kirby Dach high-sticked Mika Zibanejad behind the New York net. The Rangers cashed in after Montreal could not clear the defensive zone. Zac Jones made a backhand pass to the middle of the slot to Will Cuylle, who did the same to Kakko. Parked at the right side of the crease, Kakko lifted a one-timer over goalie Sam Montembeault's shoulder for his fourth goal of the season. Kakko's game-winner ended New York's longest losing streak since the final week of the 56-game 2021 pandemic-shortened season. The goal came after the Canadiens' Cole Caulfield and Nick Suzuki scored about 10 minutes apart for a temporary 3-3 tie. New York's Artemi Panarin and Zibanejad scored power-play goals in the opening 40 minutes while Vincent Trocheck also scored in the waning seconds of the first period before the Rangers recovered from blowing the lead. Rangers goalie Jonathan Quick made 25 saves a week after allowing six goals in a 6-2 loss at Edmonton. Mike Matheson also scored for the Canadiens. Montembeault made 24 saves. The Rangers went ahead 9:02 into the contest when Panarin lifted a shot from above the left circle over Montreal defenseman David Savard into the upper corner of the net. Montreal tied with 8:13 left when Matheson entered the offensive zone, stepped into a shot above the right hash marks and ripped a shot over Quick's right shoulder. After surviving Montreal's attempts at going ahead, the Rangers cycled the puck around the offensive zones in the final seconds of the first and took a 2-1 lead when Trocheck tipped in Alexis Lafreniere's shot from the right point with 4 seconds left. New York expanded its lead when Zibanejad faked a one-timer, waited for Chris Kreider to get in front of the net and sent a shot from between the circles by Montembeault. Caufield put a shot from the right circle by Quick at 4:16 into the third, and Suzuki slid the puck into the open net to forge a 3-3 tie nearly 10 minutes later. --Field Level Media

REFORM, Ala. (AP) — A federal judge ruled that the family of former NFL player Glenn Foster Jr., who died in law enforcement custody in Alabama, can pursue a lawsuit alleging his death was the result of excessive force. Foster, a former New Orleans Saints defensive end, died on Dec. 6, 2021, three days after being arrested and taken to jail in rural Pickens County for alleged speeding and attempting to elude police. A judge ordered Foster taken to a medical facility in Tuscaloosa for a mental evaluation. Foster was found unresponsive in the back of a law enforcement vehicle when he arrived at the facility. He was pronounced dead about 30 minutes later. His widow, Pamela Foster, filed a lawsuit against officers at the Pickens County Sheriff’s Office and jail saying Foster had been beaten, shocked with a Taser and strangled while at the jail. The defendants then asked a federal judge to dismiss the case. U.S. District Judge Annemarie Carney Axon ruled Thursday refused to dismiss allegations of excessive force and failure to intervene. Axon dismissed other portions of the lawsuit. The ruling came a day before the third anniversary of Foster’s death. Foster appeared in 17 games for the Saints in 2013 and 2014.

Usman Tijani, a 19-year-old student of the Confluence University of Science and Technology (CUSTECH), was attacked on Tuesday by his friend, who lured him to a burial ground and slit his throat. According to a family member, the victim, who operates a Point of Sale (POS) business, was allegedly lured by his friend, Abdulmuqeet Musari, to the burial ground, where he was robbed of the money he used for his POS transactions. Zainab Avosuahu, a family member of the victim, narrated the incident and disclosed that the suspect allegedly lured her nephew into the bush on Tuesday, December 24, 2024, stole ₦200,000 from him, and slit his throat. She stated that her nephew, who runs a POS business, is currently undergoing surgery in a Lokoja hospital, while the suspect is on the run. “We received a shocking call from my sister on Tuesday that left us devastated. Please, this is a call for justice for my nephew, whom his friend dragged into the bush, robbed of ₦200,000, and still butchered his throat. “He is currently undergoing surgery in Lokoja, while the ‘devil in disguise’ of a friend is on the run. Please, we are on the lookout for him. This is all the information we can provide now, as the victim can’t say much,” she stated. ALSO READ: Kaduna govt builds 62 new secondary schools in 18 months However, the suspect was later apprehended by vigilantes and the local government’s security team, who tracked him to a neighboring community in Ekiti. Suleiman Abdulrazaq Acheneje, the Senior Special Assistant to the LG chairman, Hon. Bashiru Okatenwu, said the local government’s security team swiftly took action upon hearing about the terrifying situation. “In the late hours of December 23, 2024, between 7 p.m. and 8 p.m., an unforeseen incident occurred around the Adavi burial ground. A young boy named Usman Tijani was attacked by one of the bad eggs in our society. Usman, a 200-level student of Cyber Security at the Confluence University of Science and Technology Osara (CUSTECH), was brutally injured by Abdulmuqeet Musari, whose intent was undoubtedly to kill him. “The victim was found barely alive and rescued around 2 a.m. on Christmas Day in New Zango, Adavi LGA. He was immediately rushed to Lokoja, where he has been receiving treatment in a well-equipped hospital.” “The culprit was already on the run, but kudos to the Executive Chairman of Adavi and the local security team for apprehending him in Ekiti State.” It was further gathered that the suspect has been handed over to the police. The Police Public Relations Officer (PPRO), SP Williams Aya, confirmed the incident on Thursday, along with the arrest of the suspect. Aya stated that the suspect is currently in police custody, and an investigation is ongoing. He will be arraigned in court upon the completion of the investigation.Updated December 07, 2024 at 16:21 PM ET BEIRUT — Insurgents' stunning march across Syria gained speed on Saturday with news that they had reached the suburbs of the capital and with the government forced to deny rumors that President Bashar Assad had fled the country. The rebels' moves around Damascus, reported by an opposition war monitor and a rebel commander, came after the Syrian army withdrew from much of southern part of the country, leaving more areas, including several provincial capitals, under the control of opposition fighters. The advances in the past week were among the largest in recent years by opposition factions , led by a group that has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. In their push to overthrow Assad's government, the insurgents, led by the Hayat Tahrir al-Sham group, or HTS, have met little resistance from the Syrian army. For the first time in the country's long-running civil war, the government now has control of only four of 14 provincial capitals: Damascus, Homs, Latakia and Tartus. The U.N.'s special envoy for Syria, Geir Pedersen, on Saturday called for urgent talks in Geneva to ensure an "orderly political transition." Speaking to reporters at the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. Russian Foreign Minister Sergey Lavrov, whose country is Assad's chief international backer, said he feels "sorry for the Syrian people." In Damascus, people rushed to stock up on supplies. Thousands went to Syria's border with Lebanon, trying to leave the country. Many shops in the capital were shuttered, a resident told The Associated Press, and those still open ran out of staples such as sugar. Some were selling items at three times the normal price. "The situation is very strange. We are not used to that," the resident said, insisting on anonymity, fearing retributions. "People are worried whether there will be a battle (in Damascus) or not." It was the first time that opposition forces reached the outskirts of Damascus since 2018, when Syrian troops recaptured the area following a yearslong siege. The U.N. said it was moving noncritical staff outside the country as a precaution. Assad's status Syria's state media denied social media rumors that Assad left the country, saying he is performing his duties in Damascus. He has had little, if any, help from his allies. Russia is busy with its war in Ukraine. Lebanon's Hezbollah, which at one point sent thousands of fighters to shore up Assad's forces, has been weakened by a yearlong conflict with Israel. Iran has seen its proxies across the region degraded by regular Israeli airstrikes. U.S. President-elect Donald Trump on Saturday posted on social media that that the United States should avoid engaging militarily in Syria. Pedersen said a date for talks in Geneva on the implementation a U.N. resolution, adopted in 2015, and calling for a Syrian-led political process, would be announced later. The resolution calls for the establishment of a transitional governing body, followed by the drafting of a new constitution and ending with U.N.-supervised elections. Later Saturday, foreign ministers and senior diplomats from eight key countries, including Saudi Arabia, Russia, Egypt, Turkey and Iran, along with Pederson, gathered on the sidelines of the Doha Summit to discuss the situation in Syria. No details were immediately available. The insurgents' march Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said insurgents were in the Damascus suburbs of Maadamiyah, Jaramana and Daraya. Opposition fighters were marching toward the Damascus suburb of Harasta, he added. A commander with the insurgents, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces had begun the "final stage" of their offensive by encircling Damascus. HTS controls much of northwest Syria and in 2017 set up a "salvation government" to run day-to-day affairs in the region. In recent years, HTS leader Abu Mohammed al-Golani has sought to remake the group's image, cutting ties with al-Qaida, ditching hard-line officials and vowing to embrace pluralism and religious tolerance. Syria's military, meanwhile, sent large numbers of reinforcements to defend the key central city of Homs, Syria's third largest, as insurgents approached its outskirts. The shock offensive began Nov. 27, during which gunmen captured the northern city of Aleppo, Syria's largest, and the central city of Hama, the country's fourth largest city. Opposition activists said Saturday that a day earlier, insurgents entered Palmyra, which is home to invaluable archaeological sites had been in government hands since being taken from the Islamic State group in 2017. To the south, Syrian troops left much of the province of Quneitra including the main Baath City, activists said. The Syrian Observatory said government troops have withdrawn from much of the two southern provinces and are sending reinforcements to Homs, where a battle loomed. If the insurgents capture Homs, they would cut the link between Damascus, Assad's seat of power, and the coastal region where the president enjoys wide support. The Syrian army said in a statement that it carried out redeployment and repositioning in Sweida and Daraa after its checkpoints came under attack by "terrorists." The army said it was setting up a "strong and coherent defensive and security belt in the area," apparently to defend Damascus from the south. The Syrian government has referred to opposition gunmen as terrorists since conflict broke out in March 2011. Diplomacy in Doha The foreign ministers of Iran, Russia and Turkey, meeting in Qatar, called for an end to the hostilities. Turkey is a main backer of the rebels. Qatar's top diplomat, Sheikh Mohammed bin Abdulrahman Al Thani, criticized Assad for failing to take advantage of the lull in fighting in recent years to address the country's underlying problems. "Assad didn't seize this opportunity to start engaging and restoring his relationship with his people," he said. Copyright 2024 NPR