Personal finance

Cavan Images | Getty Images If you need more time for your taxes, there’s a quick, free way to file a federal tax extension online, according to experts. This season, 1 in 4 Americans don’t feel prepared to file their taxes — and 29% admit to procrastinating — according to a January survey from IPX1031,

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024.  Andrew Caballero-reynolds | AFP | Getty Images President Joe Biden on Monday unveiled a new student loan forgiveness plan — and any of that relief dispensed in 2024 wouldn’t trigger a federal tax bill. But borrowers

In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Comstock Images | Stockbyte | Getty Images It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of recent homebuyers had regrets about their

Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best returns on their cash in years, following a “nuclear winter for the better part of the last 15 years,” said Greg McBride, chief financial analyst

JGI/Jamie Grill If you have more than $250,000 in deposits at a bank, you may want to check that all of your money is insured by the federal government. The Federal Insurance Deposit Corporation, or FDIC, implemented new requirements for deposit insurance for trust accounts starting April 1. While the FDIC’s move is intended to

D3sign | Moment | Getty Images With one week until the April 15 federal tax deadline, the IRS has released an “important update” for Direct File, the agency’s free tax filing program. Since March 12, the pilot program has been fully open for certain filers in 12 states, and Direct File now allows users to

President Joe Biden announced a new student loan forgiveness plan Monday, which when combined with his administration’s ongoing relief efforts could benefit tens of millions of borrowers. Narrower in scope than the first education debt relief effort that the Supreme Court ultimately blocked, Biden’s ”Plan B“ targets five specific groups of borrowers. Here’s the breakdown of who stands to benefit. 1. Borrowers

President Joe Biden on Feb. 21, 2024, visiting a library in Culver City, California. Irfan Khan | Los Angeles Times | Getty Images President Joe Biden will announce on Monday a new, sweeping student loan forgiveness plan, which could benefit tens of millions of Americans. Biden will share the details of the aid package at

Thomas Barwick A “silver tsunami” — with a record number of Americans expected to turn age 65 — is here. Americans who reach that milestone age face high-stakes financial decisions. Two of the most important choices retirees face — which Medicare health insurance coverage option to choose and when to claim Social Security benefits —

Taylor Swift performs onstage for the opening night of “Taylor Swift | The Eras Tour” at State Farm Stadium. Kevin Mazur | Getty Images Entertainment | Getty Images Revenge spending is not dead. Even as Americans owe $1.13 trillion on their credit cards, consumers are still willing to splurge on impulsive purchases. It’s a phenomenon also known as

Songsak Rohprasit | Moment | Getty Images The tax deadline is approaching and some filers are turning to chatbots powered by artificial intelligence for help with returns. But taxpayers should be wary of generative AI — which uses artificial intelligence to create content — for tax advice, experts say. Nearly 1 in 5 Americans would

U.S. President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library on February 21, 2024 in Culver City, California.  Mario Tama | Getty Images The Biden administration will soon roll out a sweeping new student loan forgiveness proposal that could impact millions of Americans. Despite its smaller scope than President

Justin Sullivan | Getty The Powerball jackpot hit $1.3 billion on Friday — the game’s fourth-largest prize. While most Americans still buy tickets in person, that could change as lottery apps emerge in more states. As for the next drawing, there are two payout options: a lump sum of $608.9 million or an annuity worth

Now Hiring sign in a supermarket window in Queens, New York.  Lindsey Nicholson/UCG/Universal Images Group via Getty Images The U.S. job market continues to chug ahead without signs of overheating — a good sign for workers and the U.S. economy, according to economists. While the market has cooled from its breakneck pace of the “great

A man sits on the Wall street bull near the New York Stock Exchange (NYSE) on November 24, 2020 in New York City. Spencer Platt | Getty Images The stock market could hit a milestone if the Dow Jones Industrial Average reaches 40,000. However, even as stocks have climbed higher, investors are worried there could

Damircudic | E+ | Getty Images The tax deadline is approaching and there’s still time to score a deduction with a pretax individual retirement account contribution — if you qualify. For 2023, the IRA contribution limit was $6,500, plus an extra $1,000 for investors age 50 and older. That increased to $7,000 for 2024, with

Worried woman looking at her mobile phone. Srdjanpav | E+ | Getty Images There’s a student loan forgiveness opportunity available to many borrowers, but they’ll have to act by April 30 to qualify, the Consumer Financial Protection Bureau says. The U.S. Department of Education is conducting a one-time adjustment of borrowers’ payments this summer, and

The price tag for a college education has never been higher — and it’s only going up. The cost of attendance at some schools, including New York University, Tufts, Brown, Yale, and Washington University in St. Louis, is now nearing six figures a year, after factoring in tuition, fees, room and board, books, transportation and

Alexander Spatari | Moment | Getty Images The Biden administration moved this week to limit how much rent can rise in certain affordable housing units across the country. While some housing experts criticized the move, tenant advocates said the new rule, which will cap rent increases at 10%, will help people to stay in their

Getting into college is one thing, staying in is another. Although college enrollment declines leveled off this year, the number of students who started but then withdrew has been on the rise, according to the National Student Clearinghouse Research Center. There are now more than 40 million students who are currently unenrolled. At the same time, roughly