IRS announces higher standard deductions for 2025

The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.

Should minimum wage be lower for workers who get tips? These 2 states will decide

The amount of money tipped workers make varies depending on the state. Currently, 14 states pay the federal minimum, or just above $2 an hour for tipped workers and $7 an hour for non-tipped workers.

A closer look at how Trump's economic plan could impact inflation

Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.

Holiday spending projected to hit new record this year

Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.

Some Social Security recipients will get two payments in November. Here's why

Those who receive Supplemental Security Income (SSI) will receive an additional check in November due to how the payment schedule is lined up.

TD Bank to pay $3 billion in historic money-laundering settlement

The Justice Department reported that money laundering networks transferred hundreds of millions of dollars through TD Bank branches for years.

Inflation reaches lowest point in 3 years; here's what prices came down most

The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.

Here’s how much money is needed to be considered middle class in Maryland

How much money does it take for a household to be considered middle-class? A new study shows that the bar is pretty high if you live in Maryland. 

Some Pyrex buyers could be eligible for a refund from the FTC

Thousands of people who purchased Pyrex measuring cups may be eligible for refunds from the Federal Trade Commission (FTC).