Personal finance

Hispanolistic | E+ | Getty Images If you’re worried about getting a tax form from payment apps like Venmo or PayPal, you’re now less likely to receive one for 2022 — thanks to a change from the IRS. The agency on Friday announced a one-year delay for a new tax reporting rule, requiring payment services

Buying a used car has typically been considered a smart way to save by avoiding the steep depreciation costs that go hand in hand with new cars. However, a limited supply of new cars and trucks due to the ongoing chip shortage caused demand for used cars to skyrocket, pushing prices much higher and reducing

Chandra Sahu, 25, left a job in investment banking during the so-called Great Resignation last year, eager to find work that offered more flexibility. The New York City resident said she looked for work that fulfilled her “top priorities,” allowing her to demonstrate her “agency and creativity,” and landed at a startup. “I wanted to

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 Washington lawmakers are rushing to get as much done as possible before the

Student loan borrowers protest the GOP outside the Republican National Committee’s offices in Washington, D.C,. for denying student loan relief to 40 million borrowers on Nov. 18, 2022 Paul Morigi | Getty Images Entertainment | Getty Images Two of the legal challenges brought against President Joe Biden‘s student loan forgiveness plan have reached the U.S.

Credit scores play a key role in your financial life. Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan. And yet, many Americans make the same common mistakes with credit, putting their future financial well-being at risk. As interest rates rise at the steepest annual pace ever,

Michael Godek | Moment | Getty Images Three years after the Secure Act of 2019 ushered in the first major changes to the U.S. retirement system in more than a decade, more modifications are now on their way. Dozens of retirement-related provisions collectively known as “Secure 2.0” are included in a $1.7 trillion omnibus appropriations

Svetikd | E+ | Getty Images The IRS has delayed, for a year, when payment services such as Paypal and Venmo and e-commerce companies such as eBay, Etsy and Poshmark will have to issue tax forms to individuals whose business transactions through those platforms exceed $600. The agency on Friday said that such third-party platforms won’t have

Advocates, legislators, and pregnant workers rally on Capitol Hill in support of The Pregnant Workers Fairness Act on Dec. 1 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Mothers and moms-to-be are poised to get new workplace protections, thanks to two amendments included in the $1.7 trillion federal government spending package

sturti Coming up with the cash to cover an unexpected emergency expense can be a challenge for many individuals and families. Studies show an unexpected expense of even $400may prompt people to borrow to cover the cost. When faced with such bills, workers may be tempted to tap their retirement savings accounts. related investing news

Morsa Images | Stone | Getty Images Retirement accounts are meant to fund your lifestyle in later years — and raiding them early generally comes with a stiff financial penalty. But there are some situations in which account owners — both those with savings in individual retirement accounts and workplace plans like a 401(k) —

Byba Sepit | Getty A new incentive for low- and moderate-income individuals to save for their post-working years could be on its way. Under a provision included in a legislative proposal known as “Secure 2.0” — which is included in an omnibus appropriations bill that cleared the Senate on Thursday and awaited a House vote

Sporrer/Rupp | Image Source | Getty Images Participation in workplace retirement plans may soon be expanded, thanks to new efforts from lawmakers on Capitol Hill. A group of retirement provisions, dubbed “Secure 2.0,” have been included in the government spending bill for the 2023 fiscal year. related investing news Americans need to save more for

Olelole | E+ | Getty Images As part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase from this school year. If it passes, that would be the largest jump for the grant in more than a decade.

wdstock | iStock Editorial | Getty Images People owed a piece of the $2 billion that Wells Fargo has agreed to pay to customers affected by some of its banking practices could soon receive those funds. The nation’s fourth-largest bank reached a settlement with the Consumer Financial Protection Bureau, announced Tuesday, to resolve customer abuses

Bill Koplitz | Moment | Getty Images Another round of changes to the U.S. retirement system appears to be on its way. A collection of retirement-related provisions known as “Secure 2.0” is included in a 4,100-page, $1.7 trillion spending bill — which would fund the government for the 2023 fiscal year — that was unveiled

Sen. Bill Hagerty, R-Tenn., listens to testimony during the Senate Banking, Housing and Urban Affairs Hearing to examine the President’s Working Group on Financial Markets report on Stablecoins in Washington, Feb. 15, 2022. Bill O’Leary | Pool | Reuters Sen. Bill Hagerty, R-Tenn., will file an amendment to the $1.7 trillion spending package, to increase the

Activists hold a student loan forgiveness rally near the White House on April 27, 2022. Anna Moneymaker | Getty Images News | Getty Images The nine justices of the U.S. Supreme Court have scheduled high-profile arguments over President Joe Biden’s student loan forgiveness plan for Feb. 28, meaning borrowers suspended in uncertainty about the fate

When it comes to car buying, there may be fewer deals out there, but there is still plenty of value to be had.  To that end, cost-conscious car shoppers are increasingly seeking out used vehicles in good condition. To be sure you get what you pay for, check for excess wear and tear beyond the stated

Ariel Skelley | The Image Bank | Getty Images If you have a health savings account and are nearing retirement age, be aware that some of the rules are different for the older crowd. HSAs, which can only used in conjunction with so-called high-deductible health plans, offer a “triple tax” benefit: Contributions are made pre-tax,