Skynesher | E+ | Getty Images The pandemic-relief policy suspending federal student loan payments has now been extended eight times and spanned nearly three years. When will the payments actually resume? It’s still uncertain. Experts say the Supreme Court hearings on Feb. 28 over President Joe Biden’s student loan forgiveness plan will solidify the timeline.
Personal finance
Urbazon | E+ | Getty Images Democratic lawmakers in Washington are renewing a proposal to give every American child $1,000 at birth. The “baby bond” funds, called American Opportunity Accounts, would then be topped off with up to $2,000 per year, depending on a family’s income. The accounts would be federally insured and managed by
Westend61 | Westend61 | Getty Images Eager to take advantage of Presidents’ Day sales, many shoppers may not realize how much holiday discounts on a range of items – from mattresses to home appliances and electronics to new cars – could really cost them. “Consumers should look closely at the fine print and long-term financial
dowell | Moment | Getty Images If you’re looking for ways to trim your yearly tax bill, experts may check your portfolio, since some assets are more likely to trigger taxes in certain accounts. Your 401(k) account offers tax-deferred growth, meaning you won’t owe levies on yearly income, such as dividends and capital gains. By
In this article LNC CVNA AUTO-GB CARS Follow your favorite stocksCREATE FREE ACCOUNT Craig Stowell loves what he does for a living. He gets to follow his passion and go car shopping as a profession. Stowell owns Flying Wheels, a car dealership in Danville, New Hampshire. The business, which is valued at an estimated $3
SDI Productions Despite the cooling market, many homeowners made money selling their property in 2022 — and part of that windfall may be taxable. Home sellers made a $112,000 profit on the typical sale in 2022, a 21% increase from 2021, and a 78% jump from two years ago, according to ATTOM, a nationwide property
A gas station in Arlington, Virginia. Xinhua News Agency | Xinhua News Agency | Getty Images New government data for January shows high inflation has continued into the new year. That has some economists worried high prices may prove to be sticky, even as the Federal Reserve works to slow inflation by raising interest rates.
Olezzo | iStock | Getty Images There’s no question 2022 was a rough year for investors. With record-high inflation, economic uncertainty and aggressive interest rate hikes from the Federal Reserve to combat rising prices, stocks took a beating. All three of the major indexes had their worst year since 2008: The S&P 500 Index dropped
Hoxton/Sam Edwards | Getty Images After kicking off tax season with customer service and technology upgrades, the IRS this week unveiled a new option allowing taxpayers to respond more easily to certain agency notices. The new feature lets taxpayers and professionals respond to nine notices online by digitally uploading requested documents, rather than responding by
A shopper browses meat department at a Los Angeles supermarket on Feb. 13, 2023 in Los Angeles. Mario Tama | Getty Images News | Getty Images A recent Morning Consult survey recently found almost half of adults — 46% — think the U.S. is already in a recession. Such a downturn — traditionally defined as
Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters President Joe Biden‘s nominee to lead the IRS answered questions during a Senate Finance Committee hearing this week, highlighting key issues from lawmakers on both sides of the aisle. Daniel Werfel,
Inflation is still taking a hefty toll on households, recent reports show. Prices continued their upward momentum in January, rising 0.5% for the month and 6.4% over the past 12 months, according to the latest consumer price index data released by the U.S. Bureau of Labor Statistics. To make ends meet, 27% of Americans said they’ve had to