Gig economy workers lose money during tax season through missed deductions, survey says
Many self-employed workers, especially the younger generation lose out on cost savings through missed tax deductions. Here's what gig workers should have their eye on to help save money on taxes or increase their tax return.
Another week of higher gas prices shows no signs of slowing: AAA
Gas prices continue to climb as demand grows and oil prices surge, according to the latest report from AAA. Drivers are also facing rising insurance costs in 2023.
Price is top reason why consumers want to drop auto insurance providers
Many Americans believe their current auto insurance costs are too expensive. Here's what you can do to lower yours.
Tax refund would help many Americans pay for holiday spending: survey
Many Americans said an advance on their tax refund would help with holiday debt, according to a recent Jackson Hewitt Tax Service survey.
Social Security benefits could not keep up with inflation in 2022: The Senior Citizens League
Social Security benefits could not keep up with inflation in 2022, according to a report by The Senior Citizens League.
Best place to retire? This state just beat Florida, according to a new study
WalletHub compared the 50 states across 47 key indicators of retirement-friendliness including affordability, health-related factors and overall quality of life.
Mortgage rates drop to the lowest level since September: Freddie Mac
The average rate for a 30-year fixed-rate mortgage fell to 6.15% for the week ending Jan. 19, according to Freddie Mac's Primary Mortgage Market Survey.
Secure 2.0 Act: Required minimum distribution age increases for IRAs
The required minimum distribution age (RMD) has increased from 72 to 73, meaning Americans can leave their investments in longer before needing to make withdrawals. Here’s what you need to know.
Today’s 20-year mortgage rates continue to offer best money-saving opportunity | Jan. 19, 2023
Check out the mortgage rates for Jan. 19, 2023, which are largely unchanged from yesterday.
Good news: Today’s mortgage rates fall across all terms | Jan. 18, 2023
Check out the mortgage rates for Jan. 18, 2023, which are trending down from yesterday.
IRS ends COVID-19 tax credits: Here's what you need to know before filing in 2023
Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit. Filers will get $1,600 less in credit for 2022 for each qualifying child under age 17.
Social Security benefits can be taken to pay student loans in default
Up to 15% of a person’s Social Security benefits can be garnished to pay student loans in default.
Secure 2.0 Act helps savers nearing retirement boost catch-up contributions
The Secure 2.0 Act of 2022 – a follow-up to the 2019 Secure Act – allows for an increase in "catch-up" contributions for people nearing retirement.
Credit card debt carried over monthly is most common type of debt: AARP
Credit card debt is affecting many Americans as they deal with high inflation, and many are carrying their balances from month-to-month. Here’s how to pay down credit card debt quickly.
Secure 2.0 Act will require companies to auto enroll workers into 401(k) plans
Companies that offer 401(k) plans will be required to automatically enroll their employees beginning in 2025.
Biden administration unveils defense of student loan forgiveness plan at Supreme Court
The Biden administration launched its defense of its student loan forgiveness plan before the Supreme Court. Here’s how to lower your student loan monthly payments.
New IRS tax brackets take effect in 2023, meaning your paycheck could be bigger
Tax brackets are to shift higher by 7% this year.
Secure 2.0 Act aims to revamp retirement savings system: What it means for you
The Secure 2.0 Act, which was been signed into law, may help Americans save more for retirement. Here’s what you need to know.
Holiday spending increased in 2022 amid high inflation
This year, holiday spending increased across online and in-store retail channels, according to a new report by Mastercard. Here’s how to pay down holiday debt quickly.
Today’s 20-year mortgage rates offer best money-saving opportunity | Dec. 29, 2022
Check out the mortgage rates for December 29, 2022, which are up from Wednesday.