Author: Smart Wealthhabits

key takeaways Selling individual items at a loss is generally not taxable, but profits from resale may need to be reported as income. If you regularly resell items for a profit, the IRS may treat it as self-employment income. Resale platforms often collect sales tax for buyers, but you are still responsible for reporting your earnings. I started by cleaning out my closet. A blazer I hadn’t worn in years. Shoes that looked great but were impossible to wear. A bag I bought on sale and never actually used. Listing them on Poshmark seemed like a win-win deal. Less clutter…

US Trade Representative Jamieson Greer during a Bloomberg Television interview outside the White House in Washington, DC, US, on Friday, December 19, 2025. Stephanie Reynolds | Bloomberg | getty images”The whole reason the President imposed these tariffs was to try to address our massive imbalance in trade that we have experienced for many years because of China, Vietnam, the EU and others,” Greer said. “If companies are going to get this windfall, they should give it to their employees in the form of bonuses or pay raises, because that’s the purpose of the program. That’s always been the purpose of…

President Donald Trump said Friday that he believes Russian leader Vladimir Putin is helping Iran in its war against the United States and Israel.Trump’s comments came in a radio interview with Fox News host Brian Kilmeade, and a week after the president attacked Fox News reporter Peter Doocy, who asked him about Russia’s aid to Iran.Kilmeade asked Trump, “Do you think Putin is helping him?”Trump responded, “I think he might be helping them a little bit, yes.”“I think, and he probably thinks we’re helping Ukraine, right?” Trump continued.

At the end of each week, I recap the week’s “news you can use” – a few quotes from major (and often expensive) financial news sources – so you can stay up to date on the news that impacts your money without spending a dime and in less than a minute. Here’s an overview of what happened this week. Trump has left the door open to an expanded US campaign against Iran. What could this mean for the economy? (March 2, MarketWatch) “From the beginning, we anticipated four to five weeks, but we have the ability to go much longer…

A general view of the Kharg Island oil terminal port, 25 km off the Iranian coast and 483 km northwest of the Strait of Hormuz in the Persian Gulf in Iran on March 12, 2017.Anadolu | Anadolu | getty imagesThe possibility of a US move to capture Kharg Island, a strategically important hub often referred to as Iran’s “oil lifeline”, is considered extremely risky from both a geopolitical and economic perspective. The five-mile-long coral island, which lies about 15 miles off the coast of mainland Iran in the waters of the northern Persian Gulf, has remained untouched by nearly two…

Editor’s note: This story comes CableTV.com. Recently, the Federal Communications Commission (FCC) voted Consider adding additional eligibility restrictions to your Lifeline Internet Subsidy Program. The Lifeline program, which provides a $9.25 monthly internet and telephone credit to low-income households, could potentially see some of the following changes: Formally restricting Lifeline to US citizens. A five-year waiting period is required for eligible non-citizens or those undergoing the immigration approval process. Applicants need to enter their full Social Security number instead of its last four digits. Changing eligibility requirements to a “1-per-address” rule that could affect multi-family households. The FCC argues that…

US Defense Secretary Pete Hegseth holds a briefing at the Pentagon in Washington, DC, US, on March 2, 2026, amid the US-Israeli conflict with Iran. Elizabeth Frantz | reutersDefense Secretary Pete Hegseth on Friday dismissed concerns that effectively closing the Strait of Hormuz because of the Iran war, which has sent oil prices soaring, will remain a long-term problem for the US and the world.”We’re dealing with it and we don’t have to worry about it,” Hegseth said at a Pentagon press briefing.Hegseth criticized media reports which claimed that the United States military did not have a plan to reopen…

On this week’s episode of the Niche Pursuits podcast, Amy Attman and I discuss what happens when a content portfolio gets crushed by Google’s Assistant content update and how her team rebuilt their marketing around visibility in Reddit, YouTube, and third-party mentions. As COO of Venture 4 Media and Director of Discovery and Delivery for ScaleVisible, Amy has been on the front lines of the post-HCU shakeup, including tough decisions made after declining traffic and revenue. We talk about what changed, why Reddit’s visibility increased, and what a “visibility campaign” can look like when you combine community involvement with YouTube…

Tankers sail in the Gulf near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governorate, amid the US-Israeli conflict with Iran in the United Arab Emirates on March 11, 2026.stringer | reutersinsurance giant Chubb Will be the lead underwriter for a US government-led program to provide insurance to ships making risky transits through the Strait of Hormuz.Chubb will work with the U.S. International Development Finance Corporation, or DFC, as part of a $20 billion plan to help get oil tankers and other commercial traffic moving again amid the threats of an Iran…

If you were hoping that the federal government would finally bring concert ticket prices back to reality, you’re going to be disappointed. In a move that stunned consumer advocates and lawmakers alike, the US Department of Justice (DOJ) unexpectedly settled its antitrust lawsuit against Live Nation and Ticketmaster in March 2026, a week after the trial was scheduled to begin. The government originally sued the entertainment giant to completely end its control over the live music industry, arguing that the company operated an illegal monopoly that stifled competition and angered fans. Instead, the hearing stalled at the last minute with…