Personal finance

Svetikd | E+ | Getty Images The IRS has delayed, for a year, when payment services such as Paypal and Venmo and e-commerce companies such as eBay, Etsy and Poshmark will have to issue tax forms to individuals whose business transactions through those platforms exceed $600. The agency on Friday said that such third-party platforms won’t have

Advocates, legislators, and pregnant workers rally on Capitol Hill in support of The Pregnant Workers Fairness Act on Dec. 1 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Mothers and moms-to-be are poised to get new workplace protections, thanks to two amendments included in the $1.7 trillion federal government spending package

Morsa Images | Stone | Getty Images Retirement accounts are meant to fund your lifestyle in later years — and raiding them early generally comes with a stiff financial penalty. But there are some situations in which account owners — both those with savings in individual retirement accounts and workplace plans like a 401(k) —

Byba Sepit | Getty A new incentive for low- and moderate-income individuals to save for their post-working years could be on its way. Under a provision included in a legislative proposal known as “Secure 2.0” — which is included in an omnibus appropriations bill that cleared the Senate on Thursday and awaited a House vote

sturti Coming up with the cash to cover an unexpected emergency expense can be a challenge for many individuals and families. Studies show an unexpected expense of even $400may prompt people to borrow to cover the cost. When faced with such bills, workers may be tempted to tap their retirement savings accounts. related investing news

Sporrer/Rupp | Image Source | Getty Images Participation in workplace retirement plans may soon be expanded, thanks to new efforts from lawmakers on Capitol Hill. A group of retirement provisions, dubbed “Secure 2.0,” have been included in the government spending bill for the 2023 fiscal year. related investing news Americans need to save more for

Olelole | E+ | Getty Images As part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase from this school year. If it passes, that would be the largest jump for the grant in more than a decade.

wdstock | iStock Editorial | Getty Images People owed a piece of the $2 billion that Wells Fargo has agreed to pay to customers affected by some of its banking practices could soon receive those funds. The nation’s fourth-largest bank reached a settlement with the Consumer Financial Protection Bureau, announced Tuesday, to resolve customer abuses

Bill Koplitz | Moment | Getty Images Another round of changes to the U.S. retirement system appears to be on its way. A collection of retirement-related provisions known as “Secure 2.0” is included in a 4,100-page, $1.7 trillion spending bill — which would fund the government for the 2023 fiscal year — that was unveiled

Sen. Bill Hagerty, R-Tenn., listens to testimony during the Senate Banking, Housing and Urban Affairs Hearing to examine the President’s Working Group on Financial Markets report on Stablecoins in Washington, Feb. 15, 2022. Bill O’Leary | Pool | Reuters Sen. Bill Hagerty, R-Tenn., will file an amendment to the $1.7 trillion spending package, to increase the

Activists hold a student loan forgiveness rally near the White House on April 27, 2022. Anna Moneymaker | Getty Images News | Getty Images The nine justices of the U.S. Supreme Court have scheduled high-profile arguments over President Joe Biden’s student loan forgiveness plan for Feb. 28, meaning borrowers suspended in uncertainty about the fate

When it comes to car buying, there may be fewer deals out there, but there is still plenty of value to be had.  To that end, cost-conscious car shoppers are increasingly seeking out used vehicles in good condition. To be sure you get what you pay for, check for excess wear and tear beyond the stated

Ariel Skelley | The Image Bank | Getty Images If you have a health savings account and are nearing retirement age, be aware that some of the rules are different for the older crowd. HSAs, which can only used in conjunction with so-called high-deductible health plans, offer a “triple tax” benefit: Contributions are made pre-tax,

Damircudic | E+ | Getty Images More than a fifth of investors don’t think they pay any fees for their investment accounts, an industry survey has found. Most of them, however, are likely wrong — and that knowledge gap could cost them big money in the long term. To that point, 21% of people said

Andresr | E+ | Getty Images You may not be the only person eager for packages to arrive at your house. During the holidays, as the volume of home deliveries surges due to gift buying and giving, so does the chance that so-called porch pirates will grab parcels right off your front step, experts say.

West | Istock | Getty Images The Biden administration’s most recent announcement that the pause on federal student loan bills would be extended left borrowers with more uncertainty: It didn’t provide a date for when the payments would resume. The pandemic-era relief policy suspending federal student loan bills and the accrual of interest has been

Moses Storm Comedian Moses Storm was 16 when he first learned to read and write. “I have the equivalent of maybe a second-grade education,” he said. For much of his childhood, he lived on a bus with his single mother and five siblings, not knowing where he’d wake up the next day. During those tumultuous

Maskot | Maskot | Getty Images The ranks of employers offering a Roth savings option to 401(k) investors continue to grow, giving more workers access to its unique financial benefits. About 88% of 401(k) plans allowed employees to save in a Roth account in 2021, up from 86% in 2020 and from 49% in 2011,

AsiaVision | E+ | Getty Images As the tax season approaches, many Americans are bracing for a new reporting change for third-party payment networks like Venmo or PayPal.   Starting in 2022, you’ll receive Form 1099-K, which reports income to the IRS, for business payments over $600. But experts say it’s possible you’ll receive 1099-Ks for

miodrag ignjatovic | E+ | Getty Images Up to 254,000 Medicare beneficiaries’ personal information may have been compromised in an online ransomware attack at a government subcontractor, officials warned this week. Letters are being sent to the beneficiaries who were impacted by the potential data breach, said the Centers for Medicare & Medicaid Services. Those