TurboTax vs Direct File
TurboTax vs Direct File
April 17, 2025 | 1:00 AM GMT
What's the different between TurboTax and Direct File? Paying income taxes is a lot more complicated in the U.S. than it is in many other parts of the world. This week, on Local News International, Dave unpacks why that is — and how to actually pay your taxes
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New York Times
3 hours ago
- New York Times
Phillies trade deadline takeaways: Closing time, outfield upgrade, prospects pay off
The trade deadline has come and gone, and Phillies president of baseball operations Dave Dombrowski now has the signature deadline deal of his tenure running the club. The Wednesday evening acquisition of Minnesota Twins reliever Jhoan Duran, who is under team control through 2027, for two of the team's top-ten prospects made clear that the Phillies mean business. But did they do enough? Advertisement Here's a further look at their deadline dealings and what they could mean moving forward. The club has run a closer-by-committee operation the entire season, incorporating José Alvarado prior to his suspension for performance-enhancing-drug usage, along with Matt Strahm and Orion Kerkering. Generally, during his tenure, manager Rob Thomson has preferred deploying his bullpen based on matchups. That strategy, in the ninth inning, is no more. Duran will be the closer. The Phillies' bullpen has been among the league's worst since Alvarado's suspension on May 18. Over that span, their bullpen ERA (4.34) is 20th, FIP (4.62) is 27th, strikeout rate (20.5 percent) is 25th and WHIP (1.38) is 22nd. There have been some positives: Kerkering's emergence, Strahm bouncing back from a rough June and relievers such as Tanner Banks and Max Lazar stepping up in big moments at times. But the Phillies needed some swing-and-miss, dominant stuff. They will get that in Duran, whose whiff rate (30.9 percent) is in the 87th percentile of the league, chase rate (31.1 percent) is in the 82nd percentile and strikeout rate (25.7 percent) is in the 73rd percentile. Duran is the Phillies' most notable bullpen acquisition. But recent free-agent signee David Robertson, who is ramping up at Triple A, is expected to join the Phillies on Aug. 5. So, two members of the current bullpen have to go. Seth Johnson, a hard-throwing righty with seven earned runs in 8 2/3 innings in July, could be an option. So could Daniel Robert, who allowed three earned runs in his most recent outing. Offseason acquisitions Jordan Romano and Joe Ross could be in danger of losing their roster spots as well. The Phillies' outfield, defensively and offensively, is among the worst in the league. The group sits at minus-18 Defensives Runs Saved, which ranks 27th, and has amassed 1.0 WAR (26th). On offense, the group is 26th in OPS (.677) and 24th in slugging (.372). Advertisement Adding Twins outfielder Harrison Bader is an improvement, and at a lower cost than some of the hottest outfielders on the market. Bader, a 2021 Gold Glove Award winner, ranks sixth among outfielders in DRS (13). The addition of Bader raises the question: Who in the current outfield will go? Returning Weston Wilson to Triple-A Lehigh Valley could make sense. So could designating Max Kepler for assignment or optioning Johan Rojas to Triple A. Kepler, a $10 million offseason addition, has not rebounded from a down 2024 this season as the Phillies had hoped. He's hit .203/.297/.357 through 94 games and has taken issue with playing in a platoon, saying the Phillies told him he would be the everyday left fielder. Where Bader plays could depend on whether the Phillies pull the plug and bring up Justin Crawford, who has starred with Lehigh Valley. It seems they are interested in a call-up soon: 'He's a person that's always in our minds,' Dombrowski said on July 21. Crawford, slashing .325/.411/.426, does not have much left to prove at Triple A. If called up, Crawford could start in left, perhaps platooning with right-handed Bader. Or Bader could platoon in center with Brandon Marsh, who bats left. Mick Abel delivered one of the best debuts in Phillies history on May 18, as he struck out nine in six scoreless innings. But he did not have much of a path to cracking the Phillies' elite rotation. He turned out to be a very valuable trade chip, paired with fellow top prospect Eduardo Tait. Tait and Abel ranked as the organization's third and sixth prospects, respectively, per Baseball America. Tait is years away from the big leagues and needs further defensive development. Abel, beyond lacking a path to the Phillies' rotation, needs to continue to refine his command. And the prospects traded in the Bader deal — outfielder Henry Mendez (No. 17 prospect) and pitcher Geremy Villoria (unranked) — seem like a fair price for a Gold Glove winner. Although these prospects are promising, it's a type of move that makes sense for the contending Phillies. What's most important, perhaps, is that the Phillies did not trade the prospects they feel are key to the organization's future: pitcher Andrew Painter, shortstop Aidan Miller and Crawford. And they still managed to upgrade their outfield and find their closer. That is a win.
Yahoo
8 hours ago
- Yahoo
Aston Martin warns on profit as US tariffs, stagnant Chinese demand bite
By Shashwat Awasthi (Reuters) -British luxury carmaker Aston Martin issued a profit warning on Wednesday citing a hit from U.S. import tariffs and prolonged suppressed Asian demand linked to China's economic slowdown, sending the company's shares down as much as 7%. It forecast adjusted operating profit to roughly break even this year, compared with its earlier expectation of positive earnings, as it also expects a hit from a stronger pound and investments in software. U.S. President Donald Trump's tariffs had been "extremely disruptive" in the second quarter, Aston Martin executives said during a call with journalists. A trade deal Britain agreed with Washington last month establishes a quota-based U.S. tariff system for imported British cars. The first-come-first-served system allows 25,000 UK-made cars per quarter to qualify for a 10% tariff with additional imports facing a 27.5% levy. The company said the quota mechanism had complicated financial planning for 2025 and possibly into 2026. "We continue to actively engage the UK government to urge them to improve the quota mechanism to ensure fair access for the whole UK car industry to the 10% rate on an ongoing basis," CEO Adrian Hallmark said. Aston Martin resumed auto shipments to the U.S. in June after earlier curbs aimed at clearing inventories and has incrementally raised prices in response to the tariffs, it said. U.S. tariffs have pummelled global automakers, forcing companies like GM, Volkswagen, Hyundai, Porsche, and Mercedes-Benz to book billions of dollars of losses, issue profit warnings, slash forecasts, and raise prices. Aston Martin also warned that demand in the Asia-Pacific region, which accounts for more than a quarter of its revenue, would remain suppressed in the near term. Sales in a "very stagnant" Chinese market, where a slowing economy is leading consumers to tighten their belts, were broadly flat in the first half of the year. "The guidance reduction is understandable in the face of current FX headwinds, investments in business and lower volumes until Q4," Bernstein analysts said in a note. Shares of the brand, which is associated with fictional secret agent James Bond, pared some earlier losses to trade 3.6% lower at 75.9 pence by 0951 GMT. Sign in to access your portfolio
Yahoo
8 hours ago
- Yahoo
Safe-haven gold gains on tariff uncertainty ahead of August 1 deadline
By Sarah Qureshi and Noel John (Reuters) - Gold prices rose on Thursday as traders turned to the safe haven asset amid ongoing tariff uncertainty ahead of U.S. President Donald Trump's August 1 deadline to end negotiations. Spot gold was up 0.7% at $3,296.46 per ounce, as of 12:47 p.m. ET (1647 GMT), after rising as much as $3,314.65 earlier today. U.S. gold futures slipped 0.2% to $3,294. "We've seen an uptick in trade uncertainty as we approach this August 1st deadline for tariffs... just a little bit of a revival of the safe haven bid," said Peter Grant, vice president and senior metals strategist at Zaner Metals. Trump said he had agreed to extend an existing trade deal with Mexico for 90 days and continue talks over that period with the aim of signing a new deal. This followed a day after he made a blitz of tariff announcements on Wednesday, including on imports from Brazil and South Korea, ahead of the deadline for higher U.S. tariff rates. U.S. inflation increased in June as tariffs on imports started raising the cost of some goods. The PCE index rose 0.3% last month after an upwardly revised 0.2% gain in May. Meanwhile, the U.S. Federal Reserve on Wednesday held interest rates steady in 4.25%-4.50% range, and Chair Jerome Powell's comments after the decision dampened hopes for a September rate cut. Gold thrives in a low-interest rate environment as it is a non-yielding asset. Investors now await the U.S. non-farm payrolls data on Friday for more clues on the Fed's rate path. Spot silver dropped 1.3% to $36.66 per ounce, its lowest since July 7. Platinum fell to its lowest level since June 24, easing 1.4% to $1,295.06, and palladium lost 0.9% to $1,194.63, reaching an over two-week low. "It would not be surprising if strong selling pressure in silver futures is partly due to sympathy selling amid the big copper market meltdown," Jim Wyckoff, a senior analyst at Kitco Metals, said. [MET/L]
