Personal finance

Allison Michael Orenstein | Getty Images As the tax season kicks off, seniors may be facing new questions this year. A record 5.9% Social Security cost-of-living adjustment last year likely pushed up their income. Meanwhile, other income, such as required minimum distributions, other retirement account withdrawals or part- or full-time work may make filing more

Milan2099 | E+ | Getty Images For Medicare beneficiaries enrolled in an Advantage Plan, now’s the time to change your 2023 coverage if it’s not a good match. Each year between Jan. 1 and March 31, beneficiaries unhappy with the choice they made during Medicare’s annual open enrollment period — which ended Dec. 7 —

Westend61 When homeowners look for ways to fund home improvement projects or other expenses, sometimes a home equity line of credit emerges as an option. HELOCs, as they’re called, let you borrow money against a portion of your home’s equity — the difference between your mortgage balance and the house’s appraised value — up to

Shoppers in San Francisco on Dec. 21, 2022. David Paul Morris | Bloomberg | Getty Images Months of high inflation have weighed heavily on households. As of December, 64% of Americans were living paycheck to paycheck, according to a recent LendingClub report — up from 61% a year earlier and in line with the historic high first

Simpleimages | Moment | Getty Images Long Covid is keeping people out of work and may reduce on-the-job productivity for others, contributing to a labor shortage and weighing on the U.S. economy at large, according to a new study. Long Covid — also known as long-haul Covid, post-Covid or post-acute Covid syndrome — is a

Speaker of the House Kevin McCarthy, R-Calif., conducts a news conference in the U.S. Capitol’s Statuary Hall on Thursday, January 12, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Social Security and Medicare should be “completely off the table” when it comes to debt ceiling negotiations, House Speaker Kevin McCarthy said in a

Dexcom’s latest continuous glucose monitoring (CGM) system, to launch in February, will be 60% smaller and warm up 75% faster than previous versions such as this one, pictured on April 8, 2019. Ben Birchall – Pa Images | Pa Images | Getty Images Last year was tough for most investors. Nearly every sector suffered losses

Bloomberg Creative | Bloomberg Creative Photos | Getty Images It’s possible that the U.S. Supreme Court will strike down the Biden administration’s student loan forgiveness plan, leading to a reversal for the millions of Americans who had been expecting the debt cancellation. President Joe Biden in August announced that he’d forgive at least $10,000, and

People wait in line to attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. Patrick T. Fallon | Afp | Getty Images These days the U.S. unemployment system is somewhat of an anomaly. Almost three years after the Covid-19 pandemic caused the worst jobless crisis in the U.S. since the

Wirestock | Istock | Getty Images The U.S. Department of Education has “fully approved” more than 16 million people for federal student loan forgiveness and sent their applications to loan servicers, the Biden administration announced Friday. The administration gave a state-by-state breakdown of the number of borrowers who have applied and been approved for its

John Miller | iStock | Getty Images A group of House Republicans is revisiting the Fair Tax Act, which would replace certain federal levies with a national sales tax and decentralize the IRS. While the plan may not get a floor vote and wouldn’t make it through the Democrat-controlled Senate, policy experts say the plan

Anna Moneymaker | Getty Images As congressional lawmakers in the House slog through the early stages of negotiating over the debt ceiling — the amount of money the U.S. government can borrow — there’s been concern that those discussions could include spending cuts to Medicare. However, House Speaker Kevin McCarthy, R-Calif., has now made assurances

A woman shops for chicken at a supermarket in Santa Monica, California, on Sept. 13, 2022. Apu Gomes | AFP | Getty Images For those who fear a recession may be coming, the only question is when. Many economists and CEOs, in fact, expect a recession may be on the horizon this year related investing

In this article META AMZN Follow your favorite stocksCREATE FREE ACCOUNT Thomas Barwick | DigitalVision | Getty Images Big-name tech firms like Amazon, Google, Meta and Microsoft are undergoing mass layoffs, but job prospects for applicants in the broader tech ecosystem are poised to be among the best of any industry in 2023, according to

Maskot | Maskot | Getty Images An economic downturn usually sparks a renewed interest in picking up new skills at school. Historically, enrollment in graduate school picks up amid recession as workers take the time to “skill up” or pivot to another industry with better career prospects or pay. “When the economy goes down, the

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios In New York. Jenny Anderson | WireImage | Getty Images An unexpected bill is never convenient. But there are even more reasons now that an unforeseen event — such as a car repair or medical expense — could put Americans on unstable financial footing.

Maskot | Maskot | Getty Images Getting a $7,500 tax break for the purchase of a new electric vehicle will likely get harder in a few months — meaning prospective buyers who want the financial incentive may wish to speed up their timeline.   The Inflation Reduction Act, a historic climate law President Biden signed

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT In the face of inflation, rising interest rates and slowing economic growth, there’s more competition than ever for consumers’ cash — and even how their purchases are made. Now, several of the large banks behind Zelle are teaming up to create their own digital wallet in a bid to

Source: Getty Images Rising credit interest rates have made it even more expensive to carry debts. But a proposal in Congress that would cap rates on consumer loans at 36% may not be an effective way of curbing those higher costs of borrowing, according to new research from the Urban Institute’s Financial Well-Being Data Hub.

Drakula & Co. | Moment | Getty Images Tax season officially kicked off for individual filers on Jan. 23. This year’s tax deadline is April 18 for most filers.  Although the IRS expects to start the filing season stronger, taxpayer service improvements may take time as the agency hires and trains more workers.   In the