Personal finance

U.S. President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House in Washington, D.C., on Aug. 24, 2022. Evan Vucci | AP The Biden administration announced Friday that it will forgive $7.4 billion in student debt for 277,000 borrowers. The latest round of loan cancellations is a result

urbazon Tax Day is almost here and you have “options” if you can’t pay by the deadline, according to the IRS. April 15 is the federal due date for most taxpayers to file returns and pay levies — even with a tax extension, which pushes the filing deadline to Oct. 15. That’s the “biggest misconception”

PhotoAlto/Dinoco Greco Getting a college degree seems increasingly less appealing.   Higher education, as a whole, is under pressure, experts say. Rising college costs and ballooning student debt balances have caused more students to question the return on investment.  As a result, fewer students are going that route. College degree earners fall nearly 3% For the

millann | Getty If you are racing to file taxes, you could miss another key deadline: the April 15 due date for first-quarter estimated tax payments. Estimated tax payments typically apply to earnings from gig economy work, freelancing, small business, retirement or investing, which may have no tax withholdings. If you expect to owe at

Kosamtu | E+ | Getty Images Investors are jittery following a hotter-than-expected batch of inflation data on Wednesday, suggesting the fight to rein in consumer prices may take longer than expected. But there are categories of goods and services that have deflated — that is, their prices have actually dropped. Consumers have primarily seen prices

A customer picks up a seasoning at a supermarket in Tokyo on February 27, 2024. Kazuhiro Nogi | Afp | Getty Images New government inflation data released on Wednesday came in hotter than expected. That may not be a surprise to consumers who are still feeling the weight of higher prices. Inflation — as measured

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024.  Andrew Caballero-reynolds | AFP | Getty Images The Biden administration is moving ahead quickly with its new student loan forgiveness plan, with hopes of starting to wipe out people’s debts as soon as this fall. That

Cavan Images | Getty Images If you need more time for your taxes, there’s a quick, free way to file a federal tax extension online, according to experts. This season, 1 in 4 Americans don’t feel prepared to file their taxes — and 29% admit to procrastinating — according to a January survey from IPX1031,

The Federal Reserve is in no rush to lower its benchmark rate. Earlier expectations that the central bank was planning multiple cuts before the end of the year seem less likely. On the heels of Friday’s strong jobs report, Wednesday’s consumer price index increased at a faster than expected pace in March. Both suggest that inflation is staying

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024.  Andrew Caballero-reynolds | AFP | Getty Images President Joe Biden on Monday unveiled a new student loan forgiveness plan — and any of that relief dispensed in 2024 wouldn’t trigger a federal tax bill. But borrowers

Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best returns on their cash in years, following a “nuclear winter for the better part of the last 15 years,” said Greg McBride, chief financial analyst

If you’re having money problems, someone on TikTok has a solution. Between “cash stuffing,” the “100 envelope” method or the “no-spend” challenge, there’s no shortage of suggestions to better your financial standing. “The gamification can be kind of fun,” said Ted Rossman, senior industry analyst at Bankrate. But like any other quick fix, these can