Personal finance

Halfpoint Images | Moment | Getty Images Consumers no longer have to wait to file their annual tax returns to get a tax break for the purchase of a new electric vehicle. At the start of 2024, the federal “new clean vehicle” tax credit became available as a point-of-sale discount — worth up to $7,500

Justin Paget | Digitalvision | Getty Images If you were fully remote or a hybrid worker in 2023, you may be curious about the home office deduction for your tax return. While fully remote work is now less common, hybrid positions represented 13.1% of U.S. job postings in December, and nearly 20% of all applicants

Kupicoo | E+ | Getty Images Deciding to combine your finances with your significant other can be a big step in the relationship. Nearly 2 in 5 couples, or 39%, of couples who live together completely combine their finances, whether they’re married or not, according to a new report by Bankrate. How couples handle money

Thomas Barwick | Digitalvision | Getty Images A fight is brewing in Washington over whether the mandatory retirement age for airline pilots should be raised from 65. The debate comes as baby boomers more broadly are reaching “peak 65” — the biggest number of Americans reaching that age in history. With that wave, the U.S.

D3sign | Stone | Getty Images Extreme weather and climate hazards are becoming more frequent, posing a unique threat not only for homeowners, but for renters. Over 18 million rental units across the U.S. are exposed to climate and weather-related hazards, according to the latest American Rental Housing Report from Harvard University’s Joint Center for

Witthaya Prasongsin | Moment | Getty Images If your tax refund or bill is bigger than expected, it could be time to adjust your paycheck withholding — and a simple calculation could help, experts say.      Typically, you get a refund when you overpay taxes throughout the year, and you owe money when you don’t pay

Silke Woweries | The Image Bank | Getty Images Turning 50 is a milestone birthday — and it becomes harder to ignore that retirement may be just around the corner. But research shows that many Americans reach that decade feeling financially unprepared for what’s ahead. Generation X — the oldest of whom turn 59 this

The U.S. Department of Education announced Monday it is introducing a “FAFSA College Support Strategy” with additional personnel, funding, resources and technology to help colleges process the new Free Application for Federal Student Aid forms after the rollout was repeatedly complicated by a number of setbacks.   “We are determined to get this right,” U.S. Secretary of Education Miguel

Guido Mieth | Stone | Getty Images As millions of Americans start filing returns, experts warn that last year’s tax withholding errors could trigger an unexpected bill. The IRS requires tax payments throughout the year and many workers do that via automatic employer paycheck withholdings. Typically, you can expect a refund if you overpaid. By

Americans now owe a collective $1.13 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances increased by $50 billion, or roughly 5%, in the fourth quarter of 2023, the New York Fed found. Credit card delinquency rates also jumped — particularly among

Rockaa | E+ | Getty Images Despite earning more, many Gen Z adults and millennials are having a hard time finding room in their budgets to invest. To that point, 63% of young adults believe the stock market is a great place to build wealth and invest, but many are not participating, according to the

Catherine Falls Commercial | Moment | Getty Images If you’ve noticed the cost of your car insurance policy has gone up, you’re not alone. Inflation takes some of the blame, but your credit score may have a role as well. The national average cost for full-coverage car insurance has gone up to $2,543 per year,

House Democratic Caucus Chairman James E. Clyburn, D-S.C., during an interview in his hideaway in the U.S. Capitol.  Scott J. Ferrell | Cq-roll Call, Inc. | Getty Images WASHINGTON, D.C. — On a recent Sunday afternoon, Rep. James Clyburn, D-S.C., was attending a church service in his hometown of Sumter, South Carolina, when a member

James Gandolfini as Tony Soprano and Edie Falco as Carmela Soprano seek counseling in HBO’s hit television series, “The Sopranos” (Year 3).  HBO | Hulton Archive | Getty Images Quiet luxury is out and the ‘mob wife’ era is in, according to Kayla Trivieri’s viral TikTok video. “Bold glamour is making a comeback,” she says. Think:

Westend61 | Westend61 | Getty Images There’s no place like home — especially as you age. Most adults ages 50 and up — 77% — want to stay in their homes long term, according to AARP. Yet many are putting off the necessary improvements and upgrades to their homes to make that possible. “People might

The job market looks solid on paper. Over the course of 2023, U.S. employers added 2.7 million people to their payrolls, according to government data. Unemployment hit a 54-year low at 3.4% in January 2023 and ticked up just slightly to 3.7% by December. “The labor market has been fairly strong and surprisingly resilient,” said

Skynesher | E+ | Getty Images New government data shows a surprisingly strong job market for the month of January. But there are signs of weakness in the labor market, based on tens of thousands of workers who have been laid off since 2024 started. U.S. employers announced 82,307 job cuts in January, up from

Sneksy | E+ | Getty Images Rent prices are coming down in some areas, but not at the pace needed to relieve tenants struggling to pay rent. Half of renters in the U.S. spent more than 30% of their income in 2022 on rent and utilities, according to the new America’s Rental Housing report by

In an already tumultuous year for college hopefuls, news that financial aid award letters will likely be late is the latest blow. The delay puts high school seniors under pressure to decide on a college with little or no time to weigh the most important factor: cost. The U.S. Department of Education said rolling out the

J_art | Moment | Getty Images House lawmakers on Wednesday night passed a $78 billion bipartisan tax package, including a child tax credit expansion that could benefit millions of children in low-income families, according to policy experts. If enacted, the bill would expand access to the child tax credit, or CTC, and retroactively boost the