Author: News Room

How Much Does a Dependent Reduce Taxes on a Paycheck?

Claiming a dependent does not reduce the taxes taken from each paycheck by a fixed amount. Instead, dependents may make you eligible for federal tax credits, and accounting for those credits on Form W-4 can change how much federal income tax your employer withholds. The impact that ultimately has on…

TSP Roth Conversion: Tax Rules and Examples

Federal employees with traditional Thrift Savings Plans can now convert money to a Roth TSP. This moves their future qualified growth and withdrawals into tax-free territory, but creates a substantial current-year tax bill. However, Roth TSP balances are not subject to lifetime required minimum distributions (RMDs). Here’s how the tax…

How AI Data Centers Are Making Everything More Expensive

The rapid growth of AI data centers is creating a shortage of the memory chips used in everyday devices like laptops, phones, cameras, and gaming consoles. The world’s three largest memory chipmakers — SK Hynix, Samsung, and Micron — are shifting production to High Bandwidth Memory, specialized microchips that power…

Counting Down the 5 Best Hybrids of 2026 as Gas Prices Rise

As gas prices rise, so do the number of U.S. drivers who are considering hybrid vehicles as they shop online for cars, according to Cox Automotive’s Kelley Blue Book. The group said in a report released on Aug. 4 that hybrid consideration reached a record high of 22% in the…