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The U.S. Treasury Department will stop penny production by early 2026 after more than two centuries. Businesses will soon ...
Should you cash in your pennies? The small currency will soon be a thing of the past, but don't think you are sitting on a ...
That’s why the U.S. Treasury Department announced it stopped requesting penny blanks and penny production will cease. The copper coins have been distributed by banks for more than 230 years. But in ...
However, the IRS usually taxes that money. If tips are part of your pay, the federal tax agency treats every dollar you receive, whether left on the table in cash or added to a credit card receipt ...
With the U.S. Mint losing millions annually on penny production and cash transactions declining, the decision to eliminate the one-cent coin raises questions about economic impact, job losses, and ...