Personal finance

Maskot | Maskot | Getty Images Buying a new electric vehicle isn’t the only way consumers can access a $7,500 federal EV tax credit. They may also be able to get the money by leasing a car. The Inflation Reduction Act, which President Joe Biden signed in 2022, contained various rules related to consumer tax

Trump’s pick for Vice President, U.S. Sen. J.D. Vance (R-OH) arrives on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin.  Joe Raedle | Getty Images The clock is ticking to fix Social Security‘s funds. The next White House administration may have a powerful role

zimmytws | iStock | Getty Images The Social Security Administration is updating its online services. To make sure you can continue to access your account, the agency is urging you to log in, particularly if you created your online “my Social Security” account before Sept. 18, 2021. These account holders will soon have to transition

A delivery driver takes a break in the shade during high temperatures in Philadelphia on June 21, 2024. Joseph Lamberti/Bloomberg via Getty Images Many Americans think they’re insulated from the effects of global warming. But climate change is already having negative and broad impacts on household finances, according to experts. Just to give a few

Republican presidential nominee and former U.S. President Donald Trump and Republican vice presidential nominee J.D. Vance applaud during Day 1 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 15, 2024.  Brian Snyder | Reuters Among the policy issues that Donald Trump and his newly chosen running mate Sen.

Some workers are phoning it in, and it shows. After mostly trending up for years, workplace engagement has flatlined. Now, only one-third of full- and part-time employees are engaged in their work and workplace, while roughly 50% are not engaged — reflected in the evolution of “quiet quitting” — and the rest, another 16%, are

Republican presidential candidate former President Donald Trump speaks at a campaign rally, June 22, 2024, in Philadelphia. Trump is seeking to distance himself from a plan for a massive overhaul of the federal government drafted by some of his administration officials. Chris Szagola | AP As the presidential election heats up, both parties are talking

Ramon Montiel-García, 18, a graduate of KIPP Northeast Denver Leadership Academy in Colorado. Credit: Ramon Montiel-García Ramon Montiel-García, a newly minted high school graduate from KIPP Northeast Denver Leadership Academy in Colorado, was accepted to his first-choice school, Wheaton College in Massachusetts.  However, with a sticker price of nearly $80,000 per year, including tuition, fees, and

Alexandra Pavlova | Getty Images The Biden administration’s efforts on student loan forgiveness have repeatedly been met with legal challenges. The Supreme Court struck down President Joe Biden‘s first attempt at wide-scale forgiveness last summer. Now, its new income-driven repayment plan (the Saving on a Valuable Education plan known as SAVE) is partially suspended after

Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax

97 / Getty Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a consumer good or service. It’s the opposite of inflation, which gauges how quickly prices are increasing. Physical goods have accounted for much

A shopper scans coupons in a grocery store in Washington, D.C., on May 23, 2024.  Tom Williams | Cq-roll Call, Inc. | Getty Images The pace of inflation is coming down, which continues to point to a lower Social Security cost-of-living adjustment for retirees and other beneficiaries in 2025. The Social Security cost-of-living adjustment, or