Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPath. SMARTPATH There’s momentum for personal finance education becoming law in many states across the country. Even more states could pass legislation this year to make
Personal finance
Steven Heap/EyeEm/Getty Images It’s finally here: April 18 is the 2021 federal tax filing deadline for most Americans. As of April 8, the IRS had received more than 103 million returns and sent 70 million refunds, totaling over $222 billion. But that still leaves millions to be filed with limited time remaining. Doug Campbell, a CPA and
urbazon | E+ | Getty Images When the Covid-19 pandemic hit, many Americans felt the financial shock of a sudden drop in income. If the same kind of event were to happen today, many people would still struggle financially, according to a poll conducted by the Bipartisan Policy Center, Funding Our Future coalition and Morning
Ahead of Tax Day, the IRS has issued more than 70 million refunds, at an average of $3,256. That’s over $400 more than last year, when the average refund was just above $2,800. For many Americans, a lump-sum payment of this size is rare and it’s tempting to squander it. Still, a growing number of tax filers
The Gray Bee Investors researching potential investments during a recent meeting. Mike Scanlan There’s real money on the line for the investing club at St. Benedict’s Preparatory School in Newark, New Jersey. This year, the Gray Bee Investors club — made up of about 15 high school students — is helping make investing decisions for
Woman working at home talks to virtual assistant Martin-dm | E+ | Getty Images Millions of Americans began working remotely or from home during the coronavirus pandemic. Others decided to take the leap amid the “Great Resignation,” start their own business and become their own boss in 2021. But who is able to claim the
Ronnie Kaufman | DigitalVision | Getty Images Some future retirees could end up getting more time to amass a heap of money that won’t be taxed when they or their heirs tap it. Under a provision in a federal retirement bill that cleared the House of Representatives last month, required minimum distributions, or RMDs, from
William F. Galvin, Secretary of the Commonwealth of Massachusetts, at a press conference on Sep. 10, 2018. Galvin championed a state rule governing investment advice, which a judge invalidated in March 2022. Michael Swensen for The Boston Globe via Getty Images The fight to protect consumers from bad investment advice has been a multi-year saga.
Student loans remain a substantial hurdle for nearly everyone with a college degree. For those currently struggling under the weight of education debt, President Joe Biden used his executive powers to extend the pause federal student loan payments until September. Nearly 43 million federal borrowers are hoping massive student loan forgiveness might be Biden’s next major move. “We have an opportunity
courtneyk | E+ | Getty Images If you’re scrambling to finish your taxes, it’s easy to overlook the forms needed for a complete and accurate return. Such careless errors may delay your refund, according to the IRS. In most states, you’ll need to file your federal return and pay your bill by April 18 to
A person shops for groceries at Lincoln Market on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty Images New government inflation data shows prices are surging in one key area – food. Now some states are looking at helping to reduce that
U.S. President Joe Biden. Drew Angerer | Getty Images The Biden administration is moving to make it easier for people who claim they’ve been defrauded by their colleges to get their federal student debt forgiven. Since President Joe Biden has been in office, the U.S. Department of Education has canceled around $2 billion in student