A small child wearing a mask sits on her fathers shoulders outside of the Lenox Health Greenwich Village hospital during the nightly ‘Clap Because We Care’ cheer for medical staff and essential workers on May 29, 2020 in New York City. Alexi Rosenfeld Homeless families, or those that are between permanent addresses, can still get
Personal finance
kate_sept2004 There’s nothing easy about divorce, and President Joe Biden‘s latest proposal may deliver a tax surprise to couples calling it quits. Biden wants higher taxes on the wealthiest 1% to help fund education, paid leave, childcare and other social programs, impacting those earning over $400,000. The proposal calls for raising the highest income tax
Olga Kaya | iStock | Getty Images There are now more than 360 programs across the country providing money to renters who’ve fallen behind because of the coronavirus pandemic. The funds total more than $45 billion and have been allocated by Congress in the last two major stimulus packages in the hopes of clearing up
FG Trade | iStock | Getty Images Do you enjoy watching your nest egg grow? Depending on the type of account, the U.S. government probably does, too. That’s because if it’s a 401(k) plan or individual retirement account holding pre-tax contributions, the IRS expects to get a cut at some point. “All too often, investors
In this article BBY TFC BLK MoMo Productions | Stone | Getty Images Many Americans do not have the cash on hand to cover an unexpected emergency expense, a reality that has become more apparent during the Covid-19 pandemic. That has led to a growing call for companies to step in and adopt programs to
Anna Moneymaker | Getty Images News | Getty Images President Joe Biden wants to raise taxes on wealthy households to fund part of his infrastructure agenda. But some of those tax hikes are poised to happen even if Biden’s legislative push isn’t successful. That’s due to the way in which lawmakers structured the 2017 Tax
Across the country, a growing number of colleges and universities have said vaccinations will be mandatory for the fall of 2021. Now, hundreds of thousands of students will be required to get the Covid-19 vaccine, whether they want to or not. For the most part, students will get vaccinated if it means campus life can
In this article FIS Getty Images Fidelity investments is expanding its no-fee investing accounts to a new group: teens. With parental permission and guidance, of course. The investing firm Tuesday announced the Fidelity Youth Account, a brokerage account specifically designed to help kids ages 13 to 17 invest, save and spend. The accounts are available
Fertnig | E+ | Getty Images Heidi Hansen was making $72,000 a year as a purchasing and warehouse manager in Emmetsburg, Iowa, until she was laid off last month. Her weekly state unemployment benefit of under $500 in Iowa wouldn’t be enough to cover her monthly bills, including her $830 mortgage, car insurance and utilities.
Commemorative dogecoins on display in Yichang, China on May 14, 2021. Barcroft Media | Barcroft Media | Getty Images When my clients ask about dogecoin, many say they are intrigued about the potential investment because of the news and excitement around it. As the conversation gets more serious about investing in cryptocurrency, I ask why
Scott Olson | Getty Images If you’re lucky — as in really, really lucky — that $2 Mega Millions ticket you’re holding could be worth $430 million by Saturday. That’s the face value of the jackpot heading into Friday night’s drawing. Yet whether you’d choose to receive the prize as an annuity spread over three
In this article IRSA3-AR FatCamera | E+ | Getty Images There are only a few days left for individuals to file their 2020 tax returns without risking a penalty from the IRS. This year, the deadline for tax returns is Monday, May 17. In March, the IRS pushed back the date for individual returns due
kate_sept2004 | E+ | Getty Images Putting away enough savings for retirement has always been a struggle for many Americans. One reason workers tend to fall short: They often dip into the money they have set aside for their golden years. Now, some experts and lawmakers are discussing one idea that could help workers avoid
Ohio Gov. Mike DeWine said Thursday that the state would end its participation in federal unemployment programs June 26. Justin Merriman | Getty Images News | Getty Images More than a dozen states are withdrawing from pandemic-era unemployment programs — forgoing billions of dollars in federal funds that would otherwise flow to out-of-work residents. Here’s
In this article TSLA Elon Musk, the CEO of Tesla. Christophe Gateau/picture alliance via Getty Images Elon Musk impersonators have stolen at least $2 million from investors in cryptocurrency scams over the past six months, according to the Federal Trade Commission. The theft is part of a so-called “giveaway scam,” whereby con artists pose as
Jose Luis Pelaez Inc | DigitalVision | Getty Images Good news for parents: Monthly payments through the new federal enhanced child tax credit will begin July 15. The credit will go to roughly 39 million households with about 65 million children, or 88% of children in the U.S., according to the IRS. The expanded credit
Hispanolistic | E+ | Getty Images Credit card balances have dropped during the Covid-19 pandemic. Now financial experts are hoping Americans can find the wiggle room to reach another financial goal: bulking up their emergency savings. Total credit card debt in the U.S. dropped by 13% by the end of the third quarter of 2020,
Hispanolistic Depending on where you live, cash or other financial aid from your state could be coming your way. As the U.S. economy continues recovering from the pandemic, some states are using (or plan to use) extra money in their budgets to either send out stimulus-type payments, provide tax cuts or otherwise give relief to
Getty Images The May 17 extended tax filing deadline has arrived. Those who still aren’t ready may feel panicked, yet experts say there are options for people who aren’t prepared to file or pay. More from Personal Finance:2020 tax returns are due to the IRS on May 17. Here are some last-minute filing tipsAlmost 2
The days of working from home may numbered. While some companies, including JPMorgan Chase, Salesforce and PricewaterhouseCoopers, are dumping office space, others are ramping up their return-to-work plans. Just this week, Google, one of the first major U.S. companies to send employees home last year because of the coronavirus, told staffers it is accelerating