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Independent contractors can leverage a range of tax deductions on their 1099 returns. These deductions encompass home office expenses, educational costs, business insurance premiums, depreciation of property and equipment, vehicle-related expenses, business travel, cell phone and internet bills, health insurance and medical expenses, retirement savings, startup costs, advertising fees, consulting and professional service fees, self-employment taxes, and the qualified business income (QBI) deduction.

Electricity costs have emerged as a significant source of financial stress for 62.8% of Americans in the southern U.S., surpassing other common expenses such as credit card debt, car payments, and insurance. To manage this burden, consumers can consider locking in fixed rates, making energy-efficient upgrades, and exploring payment assistance programs.

The Institute for AfroUrbanism, established by writer and community planner Lauren Hood, aims to reframe the narrative surrounding Black communities in America and the global African diaspora, emphasizing their strengths and successes rather than their deficiencies.

US stocks declined on Friday as investors processed deteriorating consumer sentiment and inflation data, coupled with President Trump's announcement of 25% tariffs on all cars imported into the US, which heightened concerns about the economic impact.

President Trump's administration has petitioned the Supreme Court to overturn a lower court's order that blocks the deportation of alleged members of a Venezuelan gang under the Alien Enemies Act. The administration argues that the President holds the authority to determine the conduct of national-security-related operations.

GameStop has shuttered over 1,000 stores globally within the past year and is redirecting its financial strategy by investing in bitcoin as a treasury reserve asset, signaling a shift away from its traditional retail model.

The Trump administration has announced its intention to block mergers and acquisitions from media companies that promote diversity, equity, and inclusion (DEI) policies, labeling such practices as 'illegal and immoral discrimination.'

In a landmark decision, the Supreme Court has upheld Biden-era regulations on 'ghost guns,' mail-order kits enabling the assembly of untraceable firearms at home, with a decisive 7-2 majority ruling.

A breach of security involving senior Trump administration officials has come under scrutiny, as they reportedly sent classified operational plans concerning US military strikes on Yemen to a group chat inadvertently including The Atlantic's editor-in-chief, Jeffrey Goldberg. This incident raises potential violations of the Espionage Act, which prohibits mishandling national defense information.

Louis DeJoy resigned from his role as head of the US Postal Service on Monday, amid calls for privatization and scrutiny from the Trump administration. Deputy Postmaster General Doug Tulino will assume leadership until a permanent successor is appointed.