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- A ‘Legend of Zelda’ Game Is Reborn and ’90s Nostalgia Fans Are All In
Nintendo’s “Legend of Zelda: Ocarina of Time” was released in 1998. Now, its remake has some fans giddily reliving their childhoods. [TheTopNews] Read More.28 mins ago - IRS announces 2027 tax changes: What taxpayers need to know
The IRS recently released updated tax brackets and deduction thresholds for the 2027 tax year, which will affect taxpayers next year.Each year, the IRS adjusts the thresholds used for tax brackets and the various deductions available to taxpayers to account for inflation. The changes will apply to what taxpayers owe on income earned during the 2027 tax year, which Americans will file returns for in 2028."American individuals and businesses will see increased tax benefits next tax year ranging from an increase in the standard deduction and the Child Tax Credit for families, and a boost to the amount that can be expensed by businesses," said IRS CEO Frank Bisignano.The standard deduction, claimed by the majority of taxpayers who don't itemize their returns, is set to increase to $16,600 for single taxpayers in 2027; $33,200 for married couples filing jointly and $24,925 for heads of households.TRUMP ADMIN NAMES NEW ECONOMIC OPPORTUNITY ZONES TO SPUR PRIVATE INVESTMENT IN STRUGGLING COMMUNITIESAdjustments were also made to the IRS tax brackets in terms of the income thresholds that apply to a given tax rate.Here's a look at the tax brackets and rates that will apply in 2027:IRS STEPS UP FRAUD FIGHT WITH NEW APP, CEO PROMISES '100% SECURE' PLATFORMThe IRS also increased the maximum amount of the child tax credit to $2,300 in 2027, an increase of $100 from a year ago. The amount of the credit that is refundable also increased by $100 to $1,800.The annual exclusion for taxes on gifts will rise to $20,000 in 2027, up from $19,000 in the 2026 calendar year. For gifts to a spouse who is not a U.S. citizen, the limit increases to $201,000 in 2027 from $194,000 a year ago.The estate tax exclusion for the estates of decedents who die in 2027 is a basic exclusion of $15,480,000, which is up from a total of $15 million in 2026.IRS RAISES BUSINESS MILEAGE DEDUCTION RATE AMID FUEL PRICE SURGEQualifying taxpayers who have three or more qualifying children and can claim the Earned Income Tax Credit (EITC) will see the maximum credit rise to $8,496 in 2027 – up from $8,231 a year ago.Credits for qualified adoption expenses are rising to $18,250 in 2027 from $17,670 last year. The amount of the credit that may be refundable in 2027 is $5,280. [TheTopNews] Read More.2 hours ago - Millions of ladders recalled nationwide after numerous reports of head injuries,...The U.S. Consumer Product Safety Commission (CPSC) is recalling more than 3.6 million Little Giant ladders after receiving dozens of reports of injuries, including head trauma and skull fractures.The ladders, according to the recall, have a mechanism called "Rapid Locks" that are designed to be inserted into the ladders' rungs to help adjust the height.According to a statement from Little Giant, the Rapid Locks can fail to become fully engaged, causing the ladders to retract and posing a potential fall hazard to consumers.The company has received 25 reports of the ladders retracting, 19 of which resulted in injury.NEARLY 6 MILLION COFFEE MAKERS SOLD AT MAJOR RETAILERS RECALLED OVER BURN RISKThose incidents resulted in three reports of head injuries which, according to the recall, include traumatic brain injury, skull fractures, concussions, vision loss, hearing loss and cognitive impairment.The company has also received 16 reports of other injuries such as joint or bone fractures, lacerations and bruising.Overall, the company has received 39 reports of the Rapid Locks not working properly.WALMART RECALLS 4.4 MILLION GRILL BRUSHES OVER SERIOUS INJURY RISKThe recall involves 11 makes of Little Giant's ladders and over 130 models ranging from $100 to $1,000.Little Giant is adding supplemental warning labels to affected ladders, instructing users to visually verify that all Rapid Locks are fully engaged before climbing."You should stop using your ladder until you have received and applied the warning labels included in the repair kit according to the enclosed instructions, which contain further guidance on safely operating the Rapid Locks and maintaining the Rapid Locks with lubrication," Little Giant said in a statement announcing the recall.The company is also sending repair kits to all known users with Rapid Locks malfunctions."The repair kit contains instructions, also accessible via the QR code on the ladder, for safely operating the Rapid Locks and maintaining the Rapid Locks with lubrication," the company added.CPSC advised consumers to maintain the Little Giant ladders' Rapid Locks with lubrication and to evaluate their ladders on a regular basis."If a lock does not function properly after this evaluation, the company will offer the choice of a replacement ladder of the same or equivalent model or a refund ranging from a depreciated value determined by date of purchase up to full purchase price for ladders purchased within the past 12 months," CPSC said in the recall.CLICK HERE TO GET FOX BUSINESS ON THE GOFOX Business contacted Little Giant for… [TheTopNews] Read More.5 hours ago
- Law Firms Have Malpractice Insurance. Should Their A.I. Agents?Crosby, an A.I. law firm, bought it for them. The move speaks to a nascent gap in coverage as major insurers grapple with risks related to artificial intelligence. [TheTopNews] Read More.6 hours ago
- Cosm rides premium moviegoing wave with more immersive screenings and a wider li...
Cosm tickets cost anywhere from $18 for a matinee to around $70 for prime seats or in-demand showings. [TheTopNews] Read More.6 hours ago - U.S. Cleared Nvidia Chips to Chinese Firms With Empty Offices and Troubling TiesThe Commerce Department has approved dozens of Chinese companies to handle Nvidia’s H200 chips, some of which have ties to firms under sanctions over national security. [TheTopNews] Read More.9 hours ago
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