Gittens, Conway: From the New York Stock Exchange, I’m Conway Gittens. This is what we are currently viewing on TheStreet. This Thursday’s newest round of tech earnings is sustaining investors’ hopes for artificial intelligence. With its largest quarterly revenue to date, Meta handily exceeded projections. With its enormous plans to spend on AI, the parent company of Facebook and Instagram showed no signs of slowing down. Microsoft exceeded projections as well, although there was some worry about its AI cloud business’s slower growth as it struggles to meet demand. In the meantime, Tesla continued to meet aggressive spending goals despite missing sales and profit forecasts.ย Extra tax savings that were accessible during the pandemic but weren’t legitimately claimed on 2021 tax returns are being distributed by the tax collection agency.
Initially, the funds were intended for people who earned too much to get one or more stimulus payments during the pandemic. A tax filer may receive up to $1400 in recovery rebate credit, plus an additional $1400 for each dependant. However, there is a catch: your adjusted gross income for that 2021 tax year still had to be less than $160,000 for the head of household, $120,000 for married couples filing jointly, and less than $80,000 for single filers. The good news is that the payment is automatic, so you won’t need to do anything to receive the additional check if you are due it. Your 2021 tax-year refund will be processed by the IRS using the same procedure. Therefore, the funds will simply show up in your account if you use direct deposit and the account is still active; if not, the IRS will just issue a check. The IRS knows how to locate you, so don’t worry if you’ve moved since then and you’re afraid the check may end up in the incorrect spot. For your Daily Briefing, it will enough. Here from TheStreet, I’m Conway Gittens from the New York Stock Exchange.
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