Tag Archives: Investing Education

11 must-have gadgets for college students in 2024

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As a college student today, you'll need certain tech to get your work done — key among the bunch being a solid laptop for college. But there are other gadgets that can make your academic life easier, and in some cases, more fun. If you're looking to stay organized, produce better work and enjoy your down time on and off campus, picking up a few important devices before you start the next semester can make all the difference. We've collected some of the must-have gadgets for college that we've tested here, and we wouldn't be surprised if all of them stuck with you long after your four-year university run is over.

This article originally appeared on Engadget at https://www.engadget.com/11-must-have-gadgets-for-college-students-in-2024-120044203.html?src=rss

A British boarding school will make students use boring old Nokia phones

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A lot of school districts have instituted smartphone bans for students during the school day but a British boarding school has taken it one step further. Wait, scratch that. They’ve taken it one step back.

Eton College, the historic and elite British boarding school with famous alumni such as Prince William and Harry, Ian Fleming and Tom Hiddleston, has instituted a new mobile phone policy for its first-year students starting in September. Those students will have to leave their smartphones at home but bring their SIM card to school and put it in an old school, offline Nokia cell phone with a simple number pad that can only make phone calls and send text messages, according to CBS News.

The British boarding school’s policy is based on guidelines from the UK government that allows principals to enact smartphone bans on students during the school day.

Let’s hope nobody tells school officials about Snake or those poor kids may have to actually pay attention and learn something.

Smartphone bans and guidelines are starting to seep into American school districts as well. According to data from Govspend, 41 states have at least one school district that instituted a rule requiring students to place their smartphones in magnetically sealed Yondr pouches when they go to school.

The Los Angeles Unified School District passed a district-wide school phone ban for students in June that prompted California Gov. Gavin Newsom to call for a similar law on the state level.

Meanwhile in New York City, the city’s chancellor of public schools David Banks said he plans to institute a phone ban in the coming weeks. New York Governor Kathy Hochul is working with the state’s legislature to pass two new bills that would only allow students to carry phones that don’t have access internet access

Even Florida (yes, that Florida, the one that’s home to 10 million Florida Mans) has a statewide smartphone in schools ban that also requires schools to block students from accessing social media on its Wifi networks.

This article originally appeared on Engadget at https://www.engadget.com/a-british-boarding-school-will-make-students-use-boring-old-nokia-phones-215048983.html?src=rss

US Treasury finalizes crypto rules to prevent tax evasion

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While people who own and sell cryptocurrency have always had to pay taxes on their earnings, a new rule finalized by the US Treasury Department can ensure that they're paying the proper amount on their sales. The new rule will require cryptocurrency platforms like exchanges and payment processors to report their users' transactions to the Internal Revenue Service. According to The Wall Street Journal, authorities are hoping that the measure can deter tax evasion, seeing as the IRS would know exactly how much a taxpayer owes. 

At the same time, the rule will make it much easier for people for declare their earnings because their brokers will now have to provide them with a 1099 form. The IRS released a draft form of 1099-DA (Digital Asset Proceeds From Broker Transaction) made especially to track crypto transactions last year and will make the final version available soon. To note, the rule sets a threshold of $10,000 to report on transactions involving stablecoin, which are cryptocurrencies that track fiat money like the US dollar. 

"[I]nvestors in digital assets and the IRS will have better access to the documentation they need to easily file and review tax returns,” Aviva Aron-Dine, the Treasury’s acting assistant secretary for tax policy, said in a statement. “By implementing the law’s reporting requirements, these final regulations will help taxpayers more easily pay taxes owed under current law, while reducing tax evasion by wealthy investors.”

The new rule will only apply to platforms that take possession of digital assets, such as Coinbase or Binance. It doesn't cover decentralized ones, which will have to comply with a separate rule that's expected to be finalized later this year. Brokers will have to start reporting sales proceeds on digital assets in 2026 for all transactions accomplished in 2025, which means crypto traders are still on their own for 2024. 

This article originally appeared on Engadget at https://www.engadget.com/us-treasury-finalizes-crypto-rules-to-prevent-tax-evasion-143051676.html?src=rss

The IRS is making its free Turbo Tax alternative permanent

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The United States notoriously makes tax filing stressful and expensive thanks to greed, the tax lobby and the idea that basically nothing should be free (fun stuff!). However, there's a little glimmer of hope, as the IRS is making Direct File, its free digital tool announced in late 2023, permanent. According to the US Department of the Treasury, a Direct File pilot program saved 140,000 individuals an estimated $5.6 million in filing costs for the 2024 tax session. 

Not only is the program here to stay (with the current government, at least), but its access is expanding. Taxpayers in 12 states could use Direct File this year, but the tool will be available in all 50 states and Washington DC starting with the 2025 filing season. The Treasury reports that Direct File users approved of the tool, with 90 percent of the 11,000 taxpayers surveyed rating the system "excellent" or "above average."  

Right now, the free TurboTax alternative only works for taxpayers with simple filings like a W-2 or standard deduction. However, the Treasury plans to "expand the reach and tax scope" it offers in the coming years. Despite this expansion, it will be up to states whether they want to participate in the program. 

This article originally appeared on Engadget at https://www.engadget.com/the-irs-is-making-its-free-turbo-tax-alternative-permanent-142055378.html?src=rss

The IRS is making its free Turbo Tax alternative permanent

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The United States notoriously makes tax filing stressful and expensive thanks to greed, the tax lobby and the idea that basically nothing should be free (fun stuff!). However, there's a little glimmer of hope, as the IRS is making Direct File, its free digital tool announced in late 2023, permanent. According to the US Department of the Treasury, a Direct File pilot program saved 140,000 individuals an estimated $5.6 million in filing costs for the 2024 tax session. 

Not only is the program here to stay (with the current government, at least), but its access is expanding. Taxpayers in 12 states could use Direct File this year, but the tool will be available in all 50 states and Washington DC starting with the 2025 filing season. The Treasury reports that Direct File users approved of the tool, with 90 percent of the 11,000 taxpayers surveyed rating the system "excellent" or "above average."  

Right now, the free TurboTax alternative only works for taxpayers with simple filings like a W-2 or standard deduction. However, the Treasury plans to "expand the reach and tax scope" it offers in the coming years. Despite this expansion, it will be up to states whether they want to participate in the program. 

This article originally appeared on Engadget at https://www.engadget.com/the-irs-is-making-its-free-turbo-tax-alternative-permanent-142055378.html?src=rss

EA Sports’ dormant College Football will reemerge, cicada-like, on July 19

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It's been a long time coming but we finally know when College Football 25, EA Sports' revival of the long-dormant football sim series, will hit consoles. The game will land on PlayStation 5 and Xbox Series X/S on July 19, living up to EA's promise that it would arrive sometime this summer.

Michigan running back Donovan Edwards, Texas quarterback Quinn Ewers and Colorado wide receiver/defensive back Travis Hunter are the cover stars. College Football 25 will include thousands of current athletes and feature 134 schools in the Division I Football Bowl Subdivision (FBS) of the National Collegiate Athletic Association (NCAA).

More details about the game will be revealed in the coming weeks. However, like its NFL-centric sibling Madden, College Football 25 will include EA's money-vacuuming Ultimate Team mode. Ultimate Team, which has long been a staple of the EA Sports FC (formerly FIFA) and NHL games too, sees players earn or buy packs of random players to add to their custom roster.

Pre-orders for College Football 25 are now open. EA is selling an MVP bundle of College Football 25 and Madden NFL 25 that includes the deluxe edition of each game and three days of early access to each. 

As it happens, the release date for Madden NFL 25 was also revealed on Thursday, albeit through pre-order product listings. It will hit PC, PlayStation 5 and Xbox Series X/S on August 16, less than a month after College Football 25.

The College Football series had been dormant for over a decade following legal issues over the use of student athletes' likenesses, allegedly without consent. When EA announced a revival of the franchise in 2021, it noted that College Football would not feature real athletes. However, things have changed since then due to the NCAA at long last allowing student athletes to make money from their name, image and likeness (NIL).

Players had the choice of whether to opt in to College Football 25, and as of March, more than 10,000 had reportedly agreed to be included. Most received an NIL check of $600, according to CBS Sports. Higher-profile names, presumably including the cover athletes, were said to have landed better-paying deals.

Update 5/16 2PM ET: Added the Madden NFL 25 release date.

This article originally appeared on Engadget at https://www.engadget.com/ea-sports-dormant-college-football-will-reemerge-cicada-like-on-july-19-175136953.html?src=rss

EA Sports’ dormant College Football will reemerge, cicada-like, on July 19

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It's been a long time coming but we finally know when College Football 25, EA Sports' revival of the long-dormant football sim series, will hit consoles. The game will land on PlayStation 5 and Xbox Series X/S on July 19, living up to EA's promise that it would arrive sometime this summer.

Michigan running back Donovan Edwards, Texas quarterback Quinn Ewers and Colorado wide receiver/defensive back Travis Hunter are the cover stars. College Football 25 will include thousands of current athletes and feature 134 schools in the Division I Football Bowl Subdivision (FBS) of the National Collegiate Athletic Association (NCAA).

More details about the game will be revealed in the coming weeks. However, like its NFL-centric sibling Madden, College Football 25 will include EA's money-vacuuming Ultimate Team mode. Ultimate Team, which has long been a staple of the EA Sports FC (formerly FIFA) and NHL games too, sees players earn or buy packs of random players to add to their custom roster.

Pre-orders for College Football 25 are now open. EA is selling an MVP bundle of College Football 25 and Madden NFL 25 that includes the deluxe edition of each game and three days of early access to each. 

As it happens, the release date for Madden NFL 25 was also revealed on Thursday, albeit through pre-order product listings. It will hit PC, PlayStation 5 and Xbox Series X/S on August 16, less than a month after College Football 25.

The College Football series had been dormant for over a decade following legal issues over the use of student athletes' likenesses, allegedly without consent. When EA announced a revival of the franchise in 2021, it noted that College Football would not feature real athletes. However, things have changed since then due to the NCAA at long last allowing student athletes to make money from their name, image and likeness (NIL).

Players had the choice of whether to opt in to College Football 25, and as of March, more than 10,000 had reportedly agreed to be included. Most received an NIL check of $600, according to CBS Sports. Higher-profile names, presumably including the cover athletes, were said to have landed better-paying deals.

Update 5/16 2PM ET: Added the Madden NFL 25 release date.

This article originally appeared on Engadget at https://www.engadget.com/ea-sports-dormant-college-football-will-reemerge-cicada-like-on-july-19-175136953.html?src=rss

You can try the IRS alternative to Turbo Tax in 12 states today

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April is just around the corner, so if you're not stressed about filing taxes yet, it's likely coming any day now. Thanks to the lovely (read: horrible) tax lobby and the politicians who take their money, the headache taxes bring is as American as apple pie. The IRS is attempting to simplify things a bit with a Direct File tool, a free digital program that provides step-by-step guidance for taxpayers submitting their returns, The Associated Press reports. The IRS first announced this tool was on its way back in October.

To clarify, yes, even this development still requires filing your taxes and determining how much you owe (why tell us when we can just guess?), but it should be a more straightforward process and save you some money. However, it's far from open for all. The IRS pilot program is available to residents of 12 states and only those with a simple tax situation — we're talking basic W-2s and standard deductions here. Other potentially eligible reporting includes SSA-1099 Social Security income, the Child Tax Credit and student loan interest. The IRS has a complete list of eligibility requirements and a tool to check if you qualify.

Direct File is available to residents of Florida, Nevada, New Hampshire, South Dakota, Texas, Wyoming, Washington, Arizona, California, Massachusetts, and New York. The last four also require state tax returns, so their residents who use Direct File will be directed to tools for filing those once they are finished. Alaska was initially in the mix but has seemingly been dropped since last year's statement.

This article originally appeared on Engadget at https://www.engadget.com/you-can-try-the-irs-alternative-to-turbo-tax-in-12-states-today-125757658.html?src=rss

The UK moves another step closer to banning phones in schools

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Mobile phone ownership has become standard for people of most ages, and, while there's a convenience argument, experts and regulators alike have expressed concerns about children's well-being and distraction while learning. To that end, the UK government has become the latest to announce guidance for banning the use of phones during school. It follows other European countries like France and Italy, which prohibit phones in classrooms. 

Some schools in the UK already have no-phone policies in place, but these guidelines could bring widespread adoption and uniformity. "This is about achieving clarity and consistency in practice, backing headteachers and leaders and giving staff confidence to act," Gillian Keegan, the UK's secretary of state for education, said in a release. "Today's children are growing up in an increasingly complex world, living their lives on and offline. This presents many exciting opportunities – but also challenges. By prohibiting mobile phones, schools can create safe and calm environments free from distraction so all pupils can receive the education they deserve."

While the UK government encourages schools to create their own policies, it outlines a few overarching options. The first — and most extreme — is a complete ban on mobile phones from school premises. However, the guidance acknowledges that this could create complications or risks for children when traveling to and from school. The next option takes care of that problem while still taking phones away. It suggests having students hand in their phones when arriving at school.

Then there's the locker route, where phones are kept strictly in students' lockers or whatever personal storage they get at school. While this allows students to keep possession of their device, it still wouldn't be usable at any point in the day, even when accessing the locker during breaks. The final option aligns with what many schools do — let students keep their phones in their bags, but they should be turned off and never accessed. 

The guidance also recommends teaching students about the mobile phone's potentially harmful impact on young people. Study after study has found that social media, in particular, can negatively impact young people's mental health. The UK government argues that, in addition to combating the social media issue, restricting phone use can increase students' concentration, time being active and spending time with peers face-to-face. 

Parents are encouraged to contact the school directly rather than through a private phone if they need to get in touch with their child. The guidance also encourages parents to discuss the rules at home and, once again, the risks of phones and the internet.

This article originally appeared on Engadget at https://www.engadget.com/the-uk-moves-another-step-closer-to-banning-phones-in-schools-132518091.html?src=rss

IRS will start piloting its free TurboTax alternative in 2024

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It looks like the Internal Revenue Service (IRS) truly was working on a free TurboTax alternative like earlier reports had claimed. The US tax authority has announced that it will start pilot testing its new Direct File program for the 2024 filing season, though it will initially be available for select taxpayers in 13 states only. During its pilot period, Direct File will only cover individual federal tax returns and won't have the capability to prepare people's state returns. That's why 9 out of the 13 states testing it — namely Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming — don't levy state income taxes. 

Arizona, California, Massachusetts and New York, the other four states in the list, worked with the IRS to integrate their state taxes into the Direct File system for 2024. The IRS says it invited all states to join the pilot program, but not all of them were in a position to participate "at this time." In addition to being only available in certain locations, Direct File will only be accessible by people with "relatively simple returns" at the beginning. It will cover W-2 wages and tax credits like the Earned Income Tax Credit and the Child Tax Credit, for instance, but it will not cover self-employment income and itemized deductions. However, the agency is still finalizing the tax scope for the pilot, so it could still change over the coming months. 

Based on the screenshots the IRS shared with The Washington Post, taxpayers will only have to answer a questionnaire to be able to file their taxes directly, simplifying the process without having to pay for a third-party service. An IRS official told the publication that select eligible taxpayers in the aforementioned states will start getting invitations to use the service sometime around mid-February next year. The agency says it will begin with a small group of taxpayers before expanding access to more and more people as the filing season for the 2023 federal tax return progresses.

"This is a critical step forward for this innovative effort that will test the feasibility of providing taxpayers a new option to file their returns for free directly with the IRS," IRS Commissioner Danny Werfel said in a statement. "In this limited pilot for 2024, we'll be working closely with the states that have agreed to participate in an important test run of the state integration. This will help us gather important information about the future direction of the Direct File program."

The IRS is hoping to gather data and feedback during the pilot to be able to analyze how effective Direct File is. It's also hoping to identify areas of improvement for a "potential large-scale launch in the future."

This article originally appeared on Engadget at https://www.engadget.com/irs-will-start-piloting-its-free-turbotax-alternative-in-2024-065553528.html?src=rss