Tax Season 2023: Here's how the Inflation Reduction Act might impact your refund this year
The IRS received nearly $80 billion in funding under the Inflation Reduction Act and said it has already hired more than 5,000 new telephone assistors and added more in-person staff to help taxpayers with filing this year.
High prices and interest rates will keep drivers from buying cars in 2023: survey
Forty-nine percent of drivers said they did not intend to purchase a new car in 2023, but 38% said they would consider buying a car this year if prices fell, according to a recent survey by Jerry, a car compare-and-buy service.
Biden administration approves more than 16 million borrowers for student loan forgiveness
Even though millions have been approved for the president’s student loan forgiveness initiative, the plan remains in legal battle and the Supreme Court is set to take it on in February. This is what you need to know about paying off student loan debt quickly.
Personal loan interest rates continue to fall for 3- and 5-year loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
More Americans live paycheck to paycheck, report finds
A report found 166 million consumers in the US fall into that category.
Gig economy workers lose money during tax season through missed deductions, survey says
Many self-employed workers, especially the younger generation lose out on cost savings through missed tax deductions. Here's what gig workers should have their eye on to help save money on taxes or increase their tax return.
Another week of higher gas prices shows no signs of slowing: AAA
Gas prices continue to climb as demand grows and oil prices surge, according to the latest report from AAA. Drivers are also facing rising insurance costs in 2023.
Price is top reason why consumers want to drop auto insurance providers
Many Americans believe their current auto insurance costs are too expensive. Here's what you can do to lower yours.
Americans fear recession, but most believe their jobs are safe: Survey
Many Americans have a negative outlook on the economy, but say they didn't believe a downturn would impact their jobs, according to a new survey.
Tax refund would help many Americans pay for holiday spending: survey
Many Americans said an advance on their tax refund would help with holiday debt, according to a recent Jackson Hewitt Tax Service survey.
Social Security benefits could not keep up with inflation in 2022: The Senior Citizens League
Social Security benefits could not keep up with inflation in 2022, according to a report by The Senior Citizens League.
Consumers are piling on credit card debt, flashing signs of potential crisis
As Americans rack up record-high credit card debt after a year of soaring inflation and interest rate hikes, charge-offs are beginning to roll in at the start of a looming default crisis.
Best place to retire? This state just beat Florida, according to a new study
WalletHub compared the 50 states across 47 key indicators of retirement-friendliness including affordability, health-related factors and overall quality of life.
Major Social Security trust funds could be tapped out by 2033: CBO
Social Security spending is trending upward as the proportion of Americans at or above retirement age has increased relative to the active workforce.
Tax filing season starts Monday: What you need to know
The IRS says taxpayers should expect a smoother filing season this year.
Most Americans don't know their life expectancy; that's a problem in retirement planning
A critical part of saving for retirement is figuring out how long the money needs to last. But most Americans do not know their life expectancy – and that worries researchers.
Gas prices rise in tandem with oil even as demand drops: AAA
The national average cost for a gallon of gas rose to $3.32, four cents more than last week and 17 cents more than a month ago.
IRS ends COVID-19 tax credits: Here's what you need to know before filing in 2023
Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit. Filers will get $1,600 less in credit for 2022 for each qualifying child under age 17.
Decade-high credit card, personal loan delinquency rates coming in 2023: TransUnion
TransUnion forecasted serious credit card and personal loan delinquencies will rise end of 2023. Here's how you can pay down debt.
Social Security benefits can be taken to pay student loans in default
Up to 15% of a person’s Social Security benefits can be garnished to pay student loans in default.