The Daily Money: Still dealing with robocalls?
Good morning! It’s Daniel de Visé with your Daily Money.
Three years after laws went into effect to protect consumers from robocalls, a public interest advocacy group says fewer than half of phone companies are in compliance, Betty Lin-Fisher reports.
That means many consumers are still subject to annoying robocalls and robotexts, which also makes them more susceptible to scams, said the U.S. PIRG Education Fund.
The fine print on condoms
If you practice safe sex, the IRS has some good news. Condoms now qualify as an itemized deduction, Medora Lee reports.
When the IRS recently announced new tax brackets, standard deductions and other important items for the 2025 tax season, it also issued Notice 2024-71. It says condoms for a taxpayer, spouse or dependent now qualify as a medical expense and can be deducted if you itemize and your medical expenses exceed 7.5% of adjusted gross income (AGI) for the year. AGI is total income minus deductions, or "adjustments" to income that you are eligible to take.
It turns out that condoms are only one of many medical-related expenses that qualify for a tax deduction.
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Pepsi workers in Chicago are out of a job after the company announced the immediate closure of the only plant left in the city on Monday, Amaris Encinas reports.
Pepsi employees were informed of the closure at about 5:45 a.m. ET, around the same time that Teamsters Local 727 received written notice from Pepsi attorneys. The decision to close the plant was a "difficult one," PepsiCo Beverages North America said in a statement.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.