Jamie Grill | The Image Bank | Getty Images The financial uncertainty created by the global pandemic has made an impact on Americans of all generations and income levels. Even as the economy starts to show signs of recovery, too many Americans are still unemployed, and the uncertainty over the shape of economic recovery lingers.
Personal finance
When it comes to handling money, many people aren’t sure exactly how to start. Women are even further behind than men, making less on average and saving and investing less. They also don’t have as much confidence in investing as men, research shows. With women living, on average, longer than men, it’s imperative that they
Getty Images Watching your retirement account grow can be exhilarating. However, if it’s a 401(k) or individual retirement account holding pre-tax contributions, don’t forget Uncle Sam owns a portion of the balance you see. “All too often, investors look at their traditional 401(k) statement forgetting that they have a partner invested there alongside them,” said
Tetra Images | Getty Images Stimulus checks aren’t the only cash infusion hitting U.S. households. On top of those $1,400 direct payments going to most adults, more than 42.5 million tax refunds were issued in the first four weeks of the tax season, which started Feb. 12, according to data released by the IRS on
Members of the Ohio National Guard at the Mid Ohio Foodbank in Columbus. Due to the ongoing Covid-19 pandemic and rising unemployment, demand placed on food banks around the U.S. has grown rapidly. Matthew Hatcher | SOPA Images | Getty Images The $1.9 trillion American Rescue Plan signed into law by President Joe Biden on
Victor Washington fell behind on his rent during the pandemic. He and his landlord, Andrea Sorum, joined forces to keep him in his home. Source: Andrea Sorum At one point in the pandemic, Victor Washington was nearly four months behind on his rent. The problems began soon after he moved into the one-bedroom condo in
IRS headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images The IRS plans to automatically process refunds for taxpayers who had unemployment income in 2020 and filed their tax returns before legislation passed that made those benefits tax-free. The American Rescue Plan, which was signed into law by President Joe Biden on March 11, made
Marko Geber | DigitalVision | Getty Images The child tax credit payments authorized in the latest Covid relief bill may not be sent monthly and may not even start in July, IRS Commissioner Charles Rettig said. The $1.9 trillion American Rescue Plan signed into law by President Joe Biden on March 11 contained a significant
Getty Images As the government pushes millions of $1,400 stimulus checks out the door, some Americans could come up empty handed. The reason: overdue unpaid debts. The issue prompted Capitol Hill lawmakers to enter into a crossfire of sorts on Thursday over whether or not those checks can be garnished, as some looked to change
fstop123 | E+ | Getty Images Despite concern over rising bond yields, many investors see today as the best of times. The economy is growing and should get stronger as stimulus checks and child-care tax credits help millions of American families. More people are getting vaccinated daily, raising the prospect of a more open economy.
Valerie Macon | AFP | Getty Images The Social Security Administration ramped up virtual meetings with customers over the past year in response to the Covid-19 pandemic, and that and other changes might be here to stay, according to Commissioner Andrew Saul. “Like many businesses and organizations, the pandemic has forced us to adapt,” Saul
10’000 Hours Millions of Americans will get a tax break on their unemployment benefits this tax season. But certain income rules limit who can qualify. Fortunately, there are a few tax maneuvers involving individual retirement accounts, health savings accounts and write-offs for business equipment that may help workers skirt those restrictions. “There’s a little ray
The Internal Revenue Services offices in Washington, D.C. Adam Jeffery | CNBC Taxpayers will have more time to get their taxes in order this year. The IRS is planning to push back the deadline for filing tax returns by about one month, originally thought to be May 15, from the usual April 15, CNBC confirmed.
Allen J. Schaben | Los Angeles Times | Getty Images More than 2,200 organizations have written a letter to President Joe Biden urging him to extend the national eviction moratorium. The Centers for Disease Control and Prevention announced a ban on evicting struggling renters during the pandemic last September, and that protection is scheduled to
The Internal Revenue Services offices in Washington, D.C. Adam Jeffery | CNBC Taxpayers will have more time to get their taxes in order this year. The Internal Revenue Service is planning to push back the deadline for the tax filing season about one month to May 15 from April 15, CNBC’s Ylan Mui confirmed. This
cihatatceken | iStock | Getty Images Many Americans could be seeing green this Wednesday, March 17. And that’s not just because it’s St. Patrick’s Day. Wednesday marks the official “payday” when many of the $1,400 stimulus checks should be deposited. Yet some Americans may have seen the cash already cross their accounts. President Joe Biden
IronHeart | Moment | Getty Images Extra unemployment benefits offered by the American Rescue Plan may not arrive until mid-April or later, the U.S. Department of Labor said Monday. The $1.9 trillion Covid relief bill, which President Joe Biden signed Thursday, extended jobless aid to Labor Day and continued a $300 weekly enhancement to benefits.
Marko Geber | DigitalVision | Getty Images Millions of Americans who collected unemployment benefits last year got a new tax break from the American Rescue Plan. Here’s how it works. $10,200 tax break President Joe Biden signed a $1.9 trillion Covid relief bill Thursday that waives federal tax on up to $10,200 of unemployment benefits
William Thomas Cain | Getty Images Those new $1,400 stimulus checks are arriving. While the majority of payments will be made by direct deposit, others will receive the money in the mail — as paper checks or debit cards. There could be some differences in what the U.S. Postal Service drops in your mail box
The Internal Revenue Service (IRS) headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images Jobless Americans should wait to file an amended tax return to get a new tax break on unemployment benefits received last year, the IRS said Friday. The American Rescue Plan Act of 2021, which President Joe Biden signed Thursday, waives federal