IRS waiving $1 billion in penalty taxes, will kick off 2024 tax season on Jan. 29
The 2024 tax season gets officially underway at the end of January and some taxpayers could see tax penalties waived, the IRS said.
Gas prices stay low at the start of the new year: AAA
Gas prices fell slightly at the start of 2024 even as insurance premiums continue to rise.
Nearly 70 percent of Americans are reviewing their insurance policy, looking for lower rates: Trusted Choice
70% of Americans are reviewing their policies to save money as homeowners and auto insurance rates skyrocket.
Got student loan debt? Here’s how to get up to $2500 tax deduction
According to the IRS, you may be able to deduct a portion of student loan interest from your taxable income — up to $2,500. Find out if you qualify.
New FAFSA reveal comes with complications, delays
The Department of Education began its soft launch of the overhauled 2024-25 Free Application for Federal Student Aid (FAFSA). The 2024-2025 FAFSA form expands eligibility for federal student aid, including Pell Grants, and provides a streamlined user experience.
$44.5 million in federal funding going toward rural communities to improve higher education access
Due to fewer students in rural communities attending college, the Biden-Harris administration plans to send $44.5 million in funding to 22 rural institutions.
Seniors say 2024 Social Security payment increase not enough to keep up with inflation: survey
As seniors deal with rising inflation, some consider rejoining the workforce to deal with rising costs.
Gas prices dip as holiday season ends: AAA
The national average for a gallon of gas edged down slightly this week. Pump prices have declined due to weak gas demand and an uptick in supply.
Only half of U.S. credit card consumers believe they can pay off their December balance in full, survey finds
As we kick off 2024, a recent LendingTree survey reveals cardholders are dreading the reality of paying their monthly statement balance.
Homeowners insurance rates on the rise, mainly due to increase in natural disasters
Homeowners insurance rates on the rise across the country, with climate change being a contributing factor.
Taking control of your finances in 2024
A lot of people are setting resolutions and one that always is a big is getting your finances in order. Financial advisor Steven Conners, of Conners Wealth Management, joins AZAM to discuss tips on how to take control of your finances in the new year.
These are the 5 states with the highest and lowest student loan debt balances
The most populated states in the country tend to have the highest student loan balances, while the least populated tend to have the lowest balances.
What is ‘lifestyle inflation’? Financial advisor explains ways to avoid it
In uncertain economic times, earning more money is a benefit, but if you aren't tracking your spending, it's easy to fall into a financial hole, and an expert weighs in on what you can do.
Student loan borrowers struggle to keep up with monthly payments: study
Student loans have become a burden for many borrowers, post-pandemic. Sixty percent of federal loan borrowers who had payments due in October didn’t make payments until mid-November, according to the Department of Education.
Auto insurance premiums and claims still on the rise: study
Add auto insurance premiums to the list of costs on the rise for drivers. Paired with rising claims, don't expect car insurance rates to dip anytime soon.
Americans are feeling more optimistic about the future of Social Security: survey
More Americans expect to get their Social Security benefits when they retire – in three prior readings, non-retirees were more inclined to predict they would not receive their benefits, a recent Gallup survey said.
New IRS tax brackets take effect in 2024, meaning your paycheck could be bigger next year
The IRS adjusted the income limits for the different tax brackets in the 2024 tax year as still-high inflation continues to squeeze Americans financially.
Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation
Economist argues less spending equals a 'milder’ recession.
2024 Social Security benefits: When to expect increases in monthly checks
The Social Security Administration announced that millions of beneficiaries will receive a 3.2% boost in benefits in 2024.
IRS to waive $1 billion in penalties for millions of taxpayers – here’s who qualifies
Nearly 5 million people, businesses and tax-exempt organizations — most making under $400,000 per year — will be eligible for the relief starting this week, the IRS said.