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Memphis News & Weather | Memphis, TN | WATN - localmemphis.com
Money
No, most payment apps are not federally insured
Money
No, most payment apps are not federally insured
Payment apps like Cash App, PayPal and Venmo lack federal deposit insurance coverage. Money stored on these apps may not be safe during a financial crisis.
Money
Extra SNAP benefits given during the pandemic will not continue in March
We VERIFY what SNAP recipients should know now that pandemic emergency allotments are ending.
Money
No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit
The ERC is a tax credit for businesses. It doesn’t provide up to $26,000 to people who worked through the COVID pandemic.
Scams
No, power tool liquidation sale posts on Facebook aren’t legit
Facebook posts advertising cheap, liquidation sales of DEWALT and Milwaukee Tool sets are a scam. Home Depot and Lowes value them at hundreds of dollars.
Taxes
No, the IRS is not changing tip reporting requirements to crack down on waiters
Headlines falsely claim the Biden administration is sending the IRS after service workers. Here’s what’s actually happening.
Money
Yes, thieves can steal your money by rewriting checks left in your mailbox
Check washing, when someone steals checks from the mail and erases everything but your signature to get a blank check, has become a popular form of fraud.
Government
Retirement checks only available to some members of Congress
Senators and representatives are eligible for a pension if they’ve served at least 5 years in office.
Money
Yes, women have to work until March 14 to earn as much money as men did the previous year
Equal Pay Day 2023 falls on March 14. That date symbolizes how far into a new year a woman must work to earn what a man did in the previous year.
Money
Viral post falsely links former Lehman Brothers executive to SVB collapse
Former Lehman Brothers executive Joseph Gentile works for SVB Securities, which is independent of Silicon Valley Bank.
Money
No, taxpayer money is not being used to cover deposits at SVB
Silicon Valley Bank failed on March 10. The U.S. government announced all of the bank’s depositors would be made whole, and no taxpayers would have to foot the bill.
Money
If you have less than $250K in your bank account, your money is protected
If you have more than $250,000 in one account, our experts recommend shifting it into different accounts or moving some of the excess money to a different bank.
Money
No, most payment apps are not federally insured
Payment apps like Cash App, PayPal and Venmo lack federal deposit insurance coverage. Money stored on these apps may not be safe during a financial crisis.
Money
Extra SNAP benefits given during the pandemic will not continue in March
We VERIFY what SNAP recipients should know now that pandemic emergency allotments are ending.
Money
No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit
The ERC is a tax credit for businesses. It doesn’t provide up to $26,000 to people who worked through the COVID pandemic.
Scams
No, power tool liquidation sale posts on Facebook aren’t legit
Facebook posts advertising cheap, liquidation sales of DEWALT and Milwaukee Tool sets are a scam. Home Depot and Lowes value them at hundreds of dollars.
Taxes
No, the IRS is not changing tip reporting requirements to crack down on waiters
Headlines falsely claim the Biden administration is sending the IRS after service workers. Here’s what’s actually happening.
Money
Yes, thieves can steal your money by rewriting checks left in your mailbox
Check washing, when someone steals checks from the mail and erases everything but your signature to get a blank check, has become a popular form of fraud.
Government
Retirement checks only available to some members of Congress
Senators and representatives are eligible for a pension if they’ve served at least 5 years in office.
Money
Yes, women have to work until March 14 to earn as much money as men did the previous year
Equal Pay Day 2023 falls on March 14. That date symbolizes how far into a new year a woman must work to earn what a man did in the previous year.
Money
Viral post falsely links former Lehman Brothers executive to SVB collapse
Former Lehman Brothers executive Joseph Gentile works for SVB Securities, which is independent of Silicon Valley Bank.
Money
No, taxpayer money is not being used to cover deposits at SVB
Silicon Valley Bank failed on March 10. The U.S. government announced all of the bank’s depositors would be made whole, and no taxpayers would have to foot the bill.
Money
If you have less than $250K in your bank account, your money is protected
If you have more than $250,000 in one account, our experts recommend shifting it into different accounts or moving some of the excess money to a different bank.
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