Personal finance

eric1513 | iStock | Getty Images Things are looking up for the 44 million Americans saddled with student loans. President Joe Biden has said he supports cancelling $10,000 in student loans per borrower. Facing pressure from other Democrats, progressives and borrowers, Biden has also now asked his education secretary to prepare a memo on his

President Joe Biden attends the Democratic National Committee’s “Back on Track” drive-in car rally to celebrate his 100th day in office at the Infinite Energy Center in Duluth, Georgia, April 29, 2021. Evelyn Hockstein | Reuters People who earn more than $400,000 would be subject to the 3.8% Medicare tax, if President Joe Biden’s new

Paying for college was a problem even before the Covid pandemic. Now, with families under increased financial strain and a higher education more expensive than ever, some parents of college-bound students have reached a breaking point. Most have to borrow to pay for much of the cost of their degree. That has already propelled student loan

President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, DC, U.S. April 28, 2021. Melina Mara | Reuters President Joe Biden has unveiled a plan for higher taxes on inherited homes to help fund the $1.8 trillion American Families Plan. The proposal would tax inherited property gains at death,

President Joe Biden speaks during a joint session of Congress at the U.S. Capitol in Washington on Wednesday, April 28, 2021. Bloomberg | Bloomberg | Getty Images Taxes may soon be going up for the wealthy. President Joe Biden aims to fund expanded education, child care, paid leave and other reforms by collecting more tax

FatCamera | E+ | Getty Images A temporary federal policy aimed at making health insurance more affordable for tens of millions of Americans could become permanent. Under President Joe Biden’s $1.8 trillion plan to help families and children, which he will propose to Congress on Wednesday night, he would permanently extend recently expanded premium subsidies

President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, April 7, 2021. Leigh Vogel | Bloomberg | Getty Images President Joe Biden will formally unveil his new tax plan during his first presidential address on Wednesday that includes a key campaign promise — no one making $400,000 or less

People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero to continue to support the economic recovery from the coronavirus pandemic. It’s been over a year since the central bank slashed

Representative Tom Suozzi, a Democrat from New York, speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol in Washington, D.C., on Thursday, April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Calls to end the $10,000 cap on state and local tax deductions are growing from

FatCamera Retirees concerned about inflation eroding the value of their money may want to consider hedging against the possibility. Treasury inflation-protected securities, or TIPS, could be an appropriate option.  Like typical Treasury bonds, TIPS are issued and backed by the U.S. government. However, they operate a bit differently. And depending on how you use them,

MoMo Productions | DigitalVision | Getty Images A House bill proposed Tuesday aims to make recent enhancements to the child tax credit permanent. Rep. Richard Neal, D-Mass., chairman of the House Ways and Means Committee and gatekeeper of new tax legislation, issued a bill that would codify changes made by the recent $1.9 trillion American

In this article CSGH Narisara Nami | Moment | Getty Images Young investors are piling into stocks. Yet before you follow their lead, there are several things you should do first. Otherwise, you could get burned. “Sometimes the shiny object or the stock that is being flashed around the screen or talked about on Twitter

In this article IRSA3-AR Audrey Saracco / EyeEm If you’re still waiting on your $1,400 stimulus check, it could be in the mail. The government announced last week it had sent a sixth batch of stimulus checks. This time, that included more paper checks than direct deposit payments. Of the 2 million checks that were

President Joe Biden and First lady Jill Biden walk on the Ellipse near the White House on April 25, 2021. Tasos Katopodis | Getty Images News | Getty Images Roughly 75% of U.S. stock investors wouldn’t be subject to an increase in the capital-gains tax rate due to the types of accounts they own, according

Along with Clorox wipes and toilet paper, the demand for backyard swimming pools has skyrocketed since the start of the pandemic. Across the country, swimming pool and hot tub suppliers struggled to meet a sudden wave of demand. But putting in a pool is a pricey proposition, and not everyone who wanted to swim could

Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York on April 18, 2021. Newsday LLC | Newsday | Getty Images In this red-hot real estate market, it’s tough for buyers to land a deal. Supply is low, which is pushing prices higher. The median price

In this article APO HIG ALL mdphoto16 | E+ | Getty Images Private equity firms are buying up insurers — and the policies they hold — at a feverish pace. Some groups, namely financial advisors, fear the trend may be bad for consumers who own annuity and life insurance contracts. Critics are concerned the buyers

fotostorm If you’re missing one or more stimulus check payments, there is still time to claim the money. But the deadline is fast approaching. The IRS is urging individuals who still have not received their stimulus checks, or received less than they anticipated, to file a federal tax return to claim it. This year, the

Marcos Osorio / 500px | 500Px Plus | Getty Images The Travel Corporation, which owns and operates 40 travel brands — including guided vacation companies, hotels and transportation providers — has announced a five-step Climate Action Plan to achieve carbon neutrality by 2030 and continue existing efforts to achieve its corporate sustainability goals. The plan,

In this article .COVID19 It is increasingly likely that students returning to college campuses in the fall will be required to get the Covid-19 vaccine. In just the last few days, California State University and the University of California announced that all students, staff and faculty who plan to be on campus must be vaccinated