ozgurcankaya If you’re scrambling to file your taxes, it’s easy to miss another key deadline on April 18: the due date for 2023 first-quarter estimated tax payments. Income taxes are pay-as-you-go, meaning you must remit taxes throughout the year. While employees contribute through paycheck withholdings, others must pay the IRS quarterly. The first estimated tax deadline
Personal finance
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT A person walks out of the Apple Store in Annapolis, Maryland, on February 2, 2023. Jim Watson | AFP | Getty Images As the Federal Reserve continues to hike interest rates, some online banks have been jockeying to offer the highest yields on savings. Now,
Accounting firms are facing a significant staffing shortage. Between the long hours, stressful deadlines and unflattering stereotype, more people are quitting the profession then going into it. Instead, students straight out of college are choosing to pursue careers in related fields like investment banking, consulting or data analysis. The additional credit hours required to earn
Fertnig | E+ | Getty Images Negative headlines about Social Security’s future may be affecting how prepared people feel when it comes to their own retirement. Almost three-quarters, 74%, of people say they cannot count on Social Security benefits when it comes to the money they will have in retirement, according to a new survey
Zamrznutitonovi | Istock | Getty Images New government inflation data shows inflation is cooling — and that could point to a lower cost-of-living adjustment, or COLA, for Social Security beneficiaries next year. The Consumer Price Index for all Urban Consumers, or CPI-U, rose 5% from a year ago and 0.1% in March, according to data
Steven Heap/EyeEm/Getty Images If you don’t file your taxes, you may be leaving money on the table — and there’s a free option to make the process easier. Generally, you’re not required to file a federal tax return if your gross income is below the standard deduction, which is $12,950 for single filers and $25,900
Collectively, Americans owe more on credit cards than ever before. And they’re paying a higher price for it, as well. The average annual interest rate for credit cards is now near 21%, according to data from the Federal Reserve — marking the highest rate since the Fed began tracking this figure nearly three decades ago.
More women are becoming breadwinners, but the division of labor at home has barely budged, a new report found. Although men still out-earn women in most households, the share of women who earn as much as or significantly more than their husband has roughly tripled over the last half-century, according to a new Pew Research Center
Sdi Productions | E+ | Getty Images After a federal judge in Texas struck down a key provision of the Affordable Care Act last month, some health insurance plans may soon scale back their preventive care coverage, experts say. U.S. District Judge Reed O’Connor ruled in late March that one of the three panels of
Mistakes happen, especially when it comes to money. Even our most trusted sources for financial information and advice have their own regrets. Here, CNBC Financial Advisor Council members share their greatest money mishaps, and what they do differently now. In every case, their younger selves made tradeoffs that sacrificed their long-term financial well-being. Maybe if
Miniseries | E+ | Getty Images Egg prices fell by almost 11% in March, the U.S. Bureau of Labor Statistics said Wednesday, following a 7% decline in February and delivering relief from record-high prices over the winter. The decrease is largely due to a recovery in egg production and weaker consumer demand, said Brian Moscogiuri,
When you’re living paycheck to paycheck, it can be tough to find money to save. That was the situation one audience member, Natalie, wrote in about ahead of CNBC’s Women & Wealth event on Tuesday. While grappling with high childcare and housing costs, Natalie is barely breaking even, she wrote, which makes finding money to
The Social Security Administration office in Brownsville, Texas. Robert Daemmrich Photography Inc | Corbis Historical | Getty Images Social Security beneficiaries who call the agency’s toll-free number may face hold times of more than 30 minutes. Long lines and shortened hours are common at many of the agency’s field offices where beneficiaries may seek in-person
FatCamera | E+ | Getty Images The federal tax deadline is one week away for most Americans, and if you can’t cover your balance by April 18, you may have options, tax experts say. Whether you file on time or request an extension, you need to pay taxes owed by the original due date to
Between higher costs and a possible recession on the horizon, families feel increasingly strained financially. More than half, or 58%, of all Americans are now living paycheck to paycheck, according to the CNBC Your Money Financial Confidence Survey, conducted in partnership with Momentive. And even more — roughly 70% — said they feel stressed
Jackyenjoyphotography | Moment | Getty Images It may soon be tougher for consumers to get a $7,500 federal tax credit when buying a new electric vehicle, due to U.S. Department of the Treasury rules set to take effect in about a week. But there’s good news for prospective buyers: Those willing to buy a used
Liubomyr Vorona | Istock | Getty Images The Biden administration’s sweeping plan to cancel up to $20,000 in student debt for tens of millions of Americans may have an unintended, though hopefully temporary, consequence for some people, experts say. “For many borrowers, it will cause their credit scores to drop,” said higher education expert Mark
Most people feel like a grownup by the time they’re 18, but these days young adults might not become financially independent until years later. And even then, parents and their children could disagree on what exactly that means. While young adults said 21 is a good age to start paying some of their own expenses,
Gabriel Quezada, 17, is a senior at Early College High School in Costa Mesa, California. Gabriel Quezada As college costs soar and enrollment falters, there’s an alternative to a pricey four-year degree that’s been largely under the radar, until recently. But Gabriel Quezada, 17, was reluctant to try it. His father, Humberto Quezada, said he
Drakula & Co. | Moment | Getty Images Tax season can be stressful. Whether you filed early or you’re racing to meet the April 18 deadline, there are things to know to make the process easier. As of March 24, the IRS has processed more than 80 million returns and issued more than 59 million
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