Parents and children participate in a demonstration organized by the ParentsTogether Foundation in support of the child tax credit portion of the Build Back Better bill outside of the U.S. Capitol on Dec. 13, 2021. Sarah Silbiger | Bloomberg | Getty Images When President Joe Biden delivers his State of the Union address on Tuesday,
Personal finance
Anchiy In 2021, amid the ongoing pandemic and “Great Resignation,” Americans filed a record 5.4 million applications for new businesses, according to data from the U.S. Census Bureau. That means a lot of new business owners are facing their first filing season. While many people can file their personal returns on their own, tax experts
A trader works at the New York Stock Exchange on Feb. 25, 2022. Xinhua News Agency | Xinhua News Agency | Getty Images Everyday investors may unknowingly have exposure to Russian stocks — but the good news is, those holdings likely represent a small part of their overall portfolios. Investments linked to Russia have taken
Getty Images | filadendron You’re not alone if you panic sold during this week’s stock market volatility and you’re feeling regret, experts say. Russia’s invasion of Ukraine triggered U.S. stock market swings on Thursday, with the S&P 500 dropping by as much as 2.6% before closing 1.5% higher. The Nasdaq Composite recovered from a nearly
The United States Capitol is seen framed with a canopy of trees from Fort Stanton Park on in Washington, D.C. The Washington Post | The Washington Post | Getty Images The Covid-19 pandemic caused unexpected financial shocks for many Americans, particularly low-income service workers who were at higher risk of losing their jobs. The emergency
Lightspeedshutter | Istock | Getty Images After two years of federal student loan payments being suspended because of the Covid pandemic, the government doesn’t expect an easy process to get millions of borrowers back into repayment. That’s the takeaway from a new report by the Government Accountability Office, which found that as many as half
It’s been almost two years since most borrowers have had to pay their monthly student loan bill. And yet, 93% of them are not prepared to resume payments on May 1, according to a survey of more than 23,000 student loan borrowers by the Student Debt Crisis Center. “The payment pause has meant everything,” said
Bill Oxford | E+ | Getty Images The tax season kicked off on Jan. 24, and the IRS has issued more than 22 million tax refunds worth around $78 billion, the agency reported Friday. As of Feb. 18, the average refund was $3,536, over $700 higher than last year’s payment of $2,815, as reported through
Cybercriminals capitalize on uncertainty and Russia’s recent invasion of Ukraine is just the type of upheaval that may put individuals at risk. “The problem is kinetic warfare is almost always accompanied by cyberwarfare,” said Vahid Behzadan, an assistant professor of cybersecurity at the University of New Haven. “It’s unlikely Russia would target the critical infrastructure here
Daniel Acker | Bloomberg | Getty Images Drivers may need to prepare for more potential pain at the pump. The national average price of a gallon of regular unleaded gas has reached $3.59, up 33 cents so far this year, according to GasBuddy data. With ongoing uncertainty over how oil supplies could be affected by
A gold bar cast at Shchyolkovo Plant of Secondary Precious Metals of the Yuzhuralzoloto Group of Companies. Sergei Bobylev | Tass | Getty Images The specter of war in Ukraine is spooking investors, and some are turning to gold. They may be wise to temper their urge for an all-out gold rush. The precious metal
Valeriy_G | iStock | Getty Images Married couples have the choice to file taxes jointly or separately every season. While filing together generally pays off, splitting returns may be better in some scenarios, financial experts say. Married filing separately involves two individual returns, each reporting their own income, deductions and credits. And the tax code
Marko Geber | DigitalVision | Getty Images U.S. stocks whiplashed Thursday following Russia’s attack on Ukraine as investors fled risk assets and turned towards safe havens such as gold. It can be a difficult time for investors who have been used to seeing markets gain and are now dealing with volatility that comes with global
Filadendron | E+ | Getty Images Companies are paying closer attention to what they pay their employees these days. To that point, 66% of organizations recently surveyed by Payscale said a pay equity analysis is a planned initiative in 2022, a 20% increase over last year. Pay equity is essentially equal pay for work of
Tom Werner | DigitalVision | Getty Images This tax season, which runs through April 18, is shaping up to be yet another complicated one for filers. Phone call volumes to the IRS are at record levels, the agency has a backlog of millions of claims from previous years and some pandemic-era changes still apply to
Sean Gladwell | Moment | Getty Images Escalating tensions between Russia and Ukraine sent stock markets lower once again on Wednesday. Many individual investors are feeling the recent market declines triggered by geopolitical risks personally, particularly when it comes to their retirement account balances. Financial advisors say this could actually be an opportunity to put
Peopleimages | Istock | Getty Images The ups and downs of the stock market may have you tempted to make changes to your portfolio. Yet time and again experts will tell you to never let emotions drive your investing decisions. This week, fear may be a factor for investors watching developments between Russia and Ukraine.
krisanapong detraphiphat | Moment | Getty Images American consumers reported losing more than $5.8 billion to fraud last year, up from $3.4 billion in 2020 (an increase of more than 70%), the Federal Trade Commission said Tuesday. Almost 2.8 million consumers filed a fraud report to the agency in 2021 — the highest number on
Getty Images If your teen or adult child in college has been dabbling in stocks or cryptocurrency, their gains may trigger a surprise bill at tax time. That’s because of the so-called “kiddie tax,” an extra levy for parents once their child’s investment income — capital gains, dividends and interest — exceeds a certain threshold.
In this article DAL MAR WH IHG-GB H LUV AAL An Alaska Airlines jet lands at Los Angeles International Airport on Feb. 7, 2022. Alaska’s Alaska Miles topped NerdWallet’s ranking of airline programs for 2022. George Rose | Getty Images Ever wonder if you’ve been loyal to the right airline, hotel or other travel provider