Latest news with #AndrewDorn
Yahoo
29-05-2025
- Business
- Yahoo
Recent college graduates increasingly unemployed, research finds
(NewsNation) — Recent U.S. college graduates are increasingly struggling to find employment despite their qualifications, research has shown. Oxford Economics determined that graduates — those age 22 to 27 with a bachelor's degree or higher — have contributed 12% to the 85% rise in the national unemployment rate since mid-2023. Those graduates make up only 5% of the total workforce, meaning they're contributing more than double their share to unemployment statistics. How AI is shaping industries across the US Recent graduates also have a nearly 6% unemployment rate, beating out the national unemployment rate of 4.2%. That's the highest since 2021 and more than double the rate for all college graduates, according to an analysis by the Federal Reserve Bank of New York. Underemployment is also on the rise: 41% of recent graduates work in jobs that typically don't require a college degree, up from 39% in January. Teachers bring back blue books to curb AI cheating in classrooms Oxford researchers pointed to temporary causes for the spike in unemployment — including tariffs and inflation — and more longstanding issues, such as the saturation of tech fields like computer science and artificial intelligence overhauls. 'Higher unemployment among recent college graduates is primarily a function of a structuralshift in hiring in the tech sector amid strong labor supply growth,' researchers wrote. 'While some of it is related to a normalization after the post-pandemic surge, there are signs that entry-level positions are being displaced by artificial intelligence at higher rates.' A recent Indeed survey found 51% of Gen Zers think getting their college degree was a 'waste of money.' NewsNation's Andrew Dorn contributed to this report. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
04-05-2025
- Health
- Yahoo
How are hypertension, heart disease and stroke related?
(NewsNation) — The blood impacts the heart and brain in vital ways. That's why high blood pressure is something to monitor. High blood pressure is a common precursor to other health problems, like heart attacks and strokes. Hypertension, or high blood pressure, occurs when the force of blood against the walls of your arteries is consistently too high. A blood pressure level of 130 over 80 or higher indicates hypertension, according to most recent guidelines, stiffening the arteries and making the heart work harder. A normal level is less than 120 over 80. Blood pressure naturally fluctuates throughout the day and is higher when you're physically active or stressed. Hypertension can cause heart problems and strokes. Reducing high blood pressure can reduce the risk of both. Heart disease: Protect yourself with these tips from experts Heart disease is a broad term that refers to multiple heart conditions, including coronary artery disease, which disrupts blood flow to the heart commonly causing heart attacks. High blood pressure and high blood cholesterol are a key risk factors to developing heart disease. While many forms of heart disease are developed over time, congenital heart disease is present at birth. A stroke occurs when a blood vessel that carries oxygen and nutrients to the brain is either blocked by a clot or ruptures, causing parts of the brain to become damaged or die. How to test heart health at home Stroke is the fifth leading cause of death for Americans and a leading cause of long-term disability. Each year, approximately 795,000 people in the United States have a stroke, 610,000 of which are first-time strokes. High blood pressure is a contributing factor to having a stroke. NewsNation's Andrew Dorn and Taylor Delandro contributed to this report. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
27-03-2025
- Business
- Yahoo
How much do you need to earn to file taxes?
(NewsNation) — If your annual income is less than $5,000, you typically don't need to file a tax return. However, there are several factors to determine if you need to file a return, including filing status, age and the type of income earned. Typically, if your income is less than the standard deduction for your filing status, filing a return isn't required. Even if you don't meet the filing threshold, tax experts recommend filing a return if you have other sources of income. For instance, any self-employment income, regardless of the amount, must be reported. Which tax bracket am I in, and how much is the standard deduction? For 2024, you don't need to file a tax return if all of these conditions apply: You are under age 65 You have a 'Single' filing status You don't have special circumstances that require you to file, like self-employment income Your income is less than $14,600, which is the standard deduction for single filers in 2024 In 2025, the filing threshold will rise to $15,000. Tax calculator: How much do I owe in taxes? Generally, if you only receive Social Security benefits, you won't need to file a tax return. However, if you receive both Social Security benefits and tax-exempt income, you may need to file a return. Dependents who earn income may have to file taxes, depending on various factors. If their income exceeds their standard deduction, they typically need to file. Similarly, children with unearned income over $1,300 in 2024 — or over $1,350 in 2025 — are also required to file. In some instances, you may not be required to file a tax return, but it could still be beneficial. If federal taxes were withheld from your paycheck, you might be eligible for a refund, especially if your income was below your standard deduction and too much tax was withheld. Does my child need to file taxes? Here's what to know For example, if you're a single taxpayer who earned $2,500 from a job and had $300 withheld for federal taxes, you could get the entire $300 refunded since your income is below the standard deduction. The IRS doesn't automatically issue refunds without a filed tax return. So if you're due for a refund, you must file a tax return. Most taxpayers claim the standard deduction, a fixed amount you can deduct to reduce your taxable income and lower your federal tax bill. Tax season: How to file a tax extension Unlike itemized deductions, which require you to track specific expenses, the standard deduction is available without having to prove anything. The IRS generally adjusts the standard deduction each year for inflation. Here's the standard deduction for the 2024 tax year (taxes due this year). 2024 standard deductions Filing status Standard deduction Single or married filing separately $14,600 Head of household $21,900 Married filing jointly or qualifying surviving spouse $29,200 The filing deadline for 2024 tax returns is April 15, 2025. NewsNation's Andrew Dorn contributed to this report. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
22-02-2025
- Business
- Yahoo
Charitable donations: What's tax-deductible?
(NewsNation) — Keep those receipts when you donate to charity because you could get a tax break on your tax returns. Donations to charity can be tax-deductible if you donated to an IRS-recognized charity in 2024 and did not receive anything in return. Filing these on your taxes could reduce how much you owe. Taxes for 2024 should be filed by April 15. Here is what you need to know about charitable donations, what is tax-deductible and what isn't. Giving your time, clothes, food, cash or other items to a 501(c)(3) qualified organization is a charitable donation. 501(c)(3) designates the tax-exempt status of the nonprofit organization. You can search for an organization on the Internal Revenue Service's website. Tax season: How to file for free A qualified organization operates exclusively for religious, charitable, scientific, testing for public safety, literary or educational purposes. This includes churches, Cash donations can be an itemized deduction on your tax return. In most cases, 60% of your adjusted gross income is the limit to the amount that can be deducted, according to the IRS. Businesses that donate food to organizations that care for 'the ill, needy or infants' can deduct around 15 percent of their aggregate net income, the IRS says. If you donate property, including clothes, cars and real estate, you can deduct the fair market value of the items. Expenses related to volunteering, such as gas mileage, can be included to lower your taxes. Time spent for volunteer service cannot be deducted, however. 7 key tax terms you should know The value of your time and services is not tax-deductible. Neither are political donations, donations to most foreign organizations, sports club fees, blood donations, GoFundMe payments or bingo or lottery tickets. There is no minimum, but you should consider whether you're filing using the standard deduction or the itemized deduction. Most taxpayers take the standard deduction, which is the fixed amount set by the IRS that taxpayers can subtract from their income before income tax is applied. Which tax bracket am I in, and how much is the standard deduction? Unlike itemized deductions, which require you to track specific expenses, you don't have to prove anything to take the standard deduction. That's one of the reasons most taxpayers claim the standard deduction — it's easy. But you can't itemize your charitable donations if you take the standard deduction. To claim the charitable donations on your taxes, you would need to file using the itemized deduction rather than the standard deduction. Consult with a tax professional on which route is best for your financial situation. NewsNation's Andrew Dorn contributed to this article. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
