Biden cancels another $5 billion in student loan forgiveness – Here's who is impacted
The Biden Administration announced an additional $5 billion in student loan forgiveness that impacts borrowers using the income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF) plans.
The Biden Administration announced an additional $5 billion in student loan forgiveness that impacts borrowers using the income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF) plans.
Here are the US states where you’ll pay less individual income tax in 2024
Several U.S. states are lowering individual income tax rates this year, meaning more financial relief for American taxpayers.
Several U.S. states are lowering individual income tax rates this year, meaning more financial relief for American taxpayers.
IRS to start simplifying notices to taxpayers this year
The IRS on Tuesday announced that it will redesign and simplify the long and often complicated notices it sends to taxpayers every year.
The IRS on Tuesday announced that it will redesign and simplify the long and often complicated notices it sends to taxpayers every year.
Social Security is coming for a bigger chunk of your paycheck
The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.
The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.
Maryland brothers arrested for allegedly stealing $3.5M in lottery scheme
Two brothers were indicted by a federal grand jury for a lottery scheme where victims were led to believe they won the lottery, but were required to send money in advance for taxes and fees.
Two brothers were indicted by a federal grand jury for a lottery scheme where victims were led to believe they won the lottery, but were required to send money in advance for taxes and fees.
Read this before you sign up for a college credit card
Signing up for financial products your college is offering can sometimes be the worst deal, a recent CFPB report said.
Signing up for financial products your college is offering can sometimes be the worst deal, a recent CFPB report said.
Number of electric vehicles that qualify for new electric vehicle tax credit drops to 13
Only 13 electric vehicle models qualify for the full $7,500 credit, with Tesla and GM seeing the biggest hit.
Only 13 electric vehicle models qualify for the full $7,500 credit, with Tesla and GM seeing the biggest hit.
Mortgage rates finally expected to dip below 6 percent in 2024, but affordability remains low
Mortgage rates are trending down, likely to go below 6% by the end of the year, but most housing still remains unaffordable to the average American.
Mortgage rates are trending down, likely to go below 6% by the end of the year, but most housing still remains unaffordable to the average American.
Your significant other expects you to spend over $100 on Valentine's Day
Americans in relationships believe their partners expect them to spend an average of $157.52 on gifts this Valentine's Day, according to a recent Trustpilot survey.
Americans in relationships believe their partners expect them to spend an average of $157.52 on gifts this Valentine's Day, according to a recent Trustpilot survey.
New car purchases are on the rise, but there are insurance implications
Consumers are buying new vehicles more often with sales increasing by over 13% in 2023.
Consumers are buying new vehicles more often with sales increasing by over 13% in 2023.
Biden cancels student loan debt for another 74K borrowers
Of the 74,000 borrowers approved for relief Friday, the administration said nearly 44,000 of them are teachers, nurses, firefighters and others with public service careers.
Of the 74,000 borrowers approved for relief Friday, the administration said nearly 44,000 of them are teachers, nurses, firefighters and others with public service careers.
Gas prices climb higher as arctic winter weather impacts production: AAA
The national average cost for a gallon of gas increased by two cents from last week to $3.09, according to AAA.
The national average cost for a gallon of gas increased by two cents from last week to $3.09, according to AAA.
Biden just shortened the timeline to student loan forgiveness for these borrowers
Borrowers already enrolled in SAVE who initially took out $12,000 or less for college may have their loans forgiven soon.
Borrowers already enrolled in SAVE who initially took out $12,000 or less for college may have their loans forgiven soon.
Just over 15 percent of home listings were considered affordable in 2023: Redfin
Just 15.5% of homes are considered affordable for everyday homebuyers, the lowest share on record.
Just 15.5% of homes are considered affordable for everyday homebuyers, the lowest share on record.
Home buyers struggle in 2023, but homeownership rate could rise in 2024
Housing inventory was low in 2023, but homeownership stayed steady at 66%. The rate could see an increase in 2024.
Housing inventory was low in 2023, but homeownership stayed steady at 66%. The rate could see an increase in 2024.
73 percent of Americans still haven’t bounced back financially from the COVID-19 pandemic
Americans struggle to meet basic costs, with 73% reporting they haven't yet recovered financially from the fallout of COVID-19.
Americans struggle to meet basic costs, with 73% reporting they haven't yet recovered financially from the fallout of COVID-19.
This is the best time to give money to your kids, according to ‘Die with Zero’ author Bill Perkins
"Die With Zero" author Bill Perkins weighs in on sharing money with your kids while maintaining a comfortable lifestyle.
"Die With Zero" author Bill Perkins weighs in on sharing money with your kids while maintaining a comfortable lifestyle.
The world could get its first trillionaire within 10 years
By contrast, Oxfam says nearly 5 billion people have been made poorer since the pandemic, with many of the world's developing nations unable to provide the financial support that richer nations could during lockdowns.
By contrast, Oxfam says nearly 5 billion people have been made poorer since the pandemic, with many of the world's developing nations unable to provide the financial support that richer nations could during lockdowns.
Major bank announces elimination of 20,000 jobs after losses
Citigroup announced a net loss of $1.8 billion in the fourth quarter.
Citigroup announced a net loss of $1.8 billion in the fourth quarter.
Gas prices stay low at the start of the new year: AAA
Gas prices fell slightly at the start of 2024 even as insurance premiums continue to rise.
Gas prices fell slightly at the start of 2024 even as insurance premiums continue to rise.