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Personal Finance

This Aug. 29, 2014 photo provided by KLAS-TV 8 News Now, shows Todd Woodruff in Las Vegas. Woodruff, the father of Amanda Miller, whose June rampage with her husband, Jerad Miller, left two Las Vegas police officers and a good Samaritan dead, visited the restaurant and store where the three were gunned down. Woodruff told KLAS-TV that he realizes his daughter caused a lot of hurt and he will never forget the three victims. (AP Photo/KLAS-TV 8 News Now) LAS VEGAS OUT; MANDATORY CREDIT

Atlantic City’s $2.4B Revel starts closing after 2 years

Monday, September 1, 2014

ATLANTIC CITY, N.J. — The most spectacular and costly failure in Atlantic City’s 36-year history of casino gambling began to play out Monday when the $2.4 billion Revel Casino Hotel emptied its hotel. Its casino will close early Tuesday morning. Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City’s struggling gambling …

Stocks advance to put S&P 500 at record high

Thursday, August 21, 2014

NEW YORK — The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor’s 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results, while Sears plunged after reporting …

Stocks rise as US home construction rebounds

Tuesday, August 19, 2014

NEW YORK — A summer swoon for the stock market appears to be over for now. The Standard & Poor’s 500 index closed within six points of its all-time high Tuesday, less than two weeks after slumping on concerns about rising tensions in Iraq and Ukraine. Investors were encouraged by economic reports that …

Counseling available for homeowners at risk of foreclosure

Sunday, February 17, 2013

NORTHAMPTON — The Valley Community Development Corporation is currently offering free, one-on-one counseling for homeowners in Hampshire County who feel that they are at risk of foreclosure or need help with financial management. The counseling, which is confidential, is designed to help homeowners understand the options available to …

‘Economic root canal’ — personal bankruptcy primer

Sunday, February 3, 2013

NORTHAMPTON — Personal bankruptcy filings continued to decline statewide last year after peaking in 2010, a trend some say signals an improved economy. Other bankruptcy experts paint a more cautious picture and say many Valley residents face significant …

Saving Makes ‘Cents’ program instills values in youngsters 

Sunday, February 3, 2013

HADLEY — In five years, when she plans to visit China as an eighth-grader, Aine Doherty says she will have enough money saved up to enjoy her visit to the Pacific Rim. Fellow third-grader Odin Moore says he …

Smith program helps kickstart entrepreneurs, aid women’s financial independence

Thursday, January 31, 2013

NORTHAMPTON ­— On a chilly January morning, Smith College students gathered for an interterm course listen to Kate Hammond, associate director of the college’s Center for Women and Financial Independence, recount her days as an intern at General …

Paying estimated taxes critical for those who are self-employed

Sunday, February 3, 2013

WASHINGTON — Some people work for themselves because they like the autonomy. Others have been unable to find full-time, regular jobs and have had to settle for contract work for a specific project or period of time. And still others have retired but have been brought back as …

Special tax provisions for members of military

Thursday, January 31, 2013

Katie Hanson is a military spouse; her husband, Lt. Cmdr. Marc Hanson, is on active duty in the Navy. He has Florida as his home of record, even though he is based at Naval Air Station North Island, …

Same-sex couples can’t file joint fed taxes

Thursday, January 31, 2013

WASHINGTON — Even though an increasing number of states are legalizing gay marriage, same-sex married couples still won’t be able to file joint federal tax returns this year. The federal Defense of Marriage Act defines marriage as “a …

Numbers to know when you file your return

Thursday, January 31, 2013

Key numbers to know when filing your 2012 tax returns, according to the Internal Revenue Service: • PERSONAL EXEMPTION: —Each personal or dependent exemption is worth $3,800. • STANDARD DEDUCTION: —$11,900 for married couples filing a joint return, and qualifying widows and widowers —$5,950 for singles and married …

Changing family dynamic may lead to some tax relief

Thursday, January 31, 2013

WASHINGTON — Members of the sandwich generation — caught between supporting elderly parents whose assets are nearly exhausted and adult children without jobs — might find some relief come tax time. The bottom line is, who’s a dependent? …

Tax rates, AMT patch already set for tax year

Thursday, January 31, 2013

WASHINGTON — You can expect a lot less end-of-the-year drama on taxes in 2013. But there’s a price tag: The payroll tax holiday has ended for all workers, and higher-income people will bear a heavier tax burden. Many …