ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Three years after laws went into effect to protect consumers from robocalls, a public interest advocacy group says fewer than half of phone companies are in compliance, Betty Lin-Fisher reports. |
That means many consumers are still subject to annoying robocalls and robotexts, which also makes them more susceptible to scams, said the U.S. PIRG Education Fund. |
The fine print on condoms |
If you practice safe sex, the IRS has some good news. Condoms now qualify as an itemized deduction, Medora Lee reports. |
When the IRS recently announced new tax brackets, standard deductions and other important items for the 2025 tax season, it also issued Notice 2024-71. It says condoms for a taxpayer, spouse or dependent now qualify as a medical expense and can be deducted if you itemize and your medical expenses exceed 7.5% of adjusted gross income (AGI) for the year. AGI is total income minus deductions, or "adjustments" to income that you are eligible to take. |
📰 More stories you shouldn't miss 📰 |
Pepsi workers in Chicago are out of a job after the company announced the immediate closure of the only plant left in the city on Monday, Amaris Encinas reports. |
Pepsi employees were informed of the closure at about 5:45 a.m. ET, around the same time that Teamsters Local 727 received written notice from Pepsi attorneys. The decision to close the plant was a "difficult one," PepsiCo Beverages North America said in a statement. |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | A new report by the U.S. PIRG Education Fund says less than half of phone companies have complied with laws to protect from robocalls. | | | | Condoms are the latest "medical expense" that's tax deductible if you itemize, the IRS said. If you don't itemize, see how you can still save. | | | | The abrupt closure of a Pepsi plant in Chicago left at least dozens of employees without work on Monday, a move the local union called "despicable." | | | | Shares of Donald Trump's social media company Trump Media surged Monday to its highest levels since June. What's driving the stock rally? | | | | Financial therapy is a new, but vital field, Lindsay Bryan-Podvin thinks. She's on a mission to get people to talk about money more freely. | | | | The FAA's transition to a software-only weather model without thorough testing or feedback has sparked safety concerns. | | | | Most lucrative jobs you can get without a degree require a training or technical skills. USA TODAY reviewed some of those that offer a liveable wage. | | | | Halloween can be a fun and engaging way to boost morale in the workplace, but it's important to set guidelines to ensure things remain appropriate. | | | | Interest rates are coming down, but credit card rates remain stubbornly high. We'll explain why. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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