bymuratdeniz | E+ | Getty Images For retirees, a new year means adjusting to changes in a variety of Medicare costs, including premiums, deductibles and copays. For 2023, some of those costs will be higher than they were this year, while others are going down. Although each change doesn’t necessarily involve a huge dollar amount,
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Creatas | Creatas | Getty Images It’s been a strange time for people with federal student loans. The bills have been on pause for nearly three years, and we still don’t know exactly when they’ll resume. President Joe Biden in August announced that he would be forgiving up to $20,000 for tens of millions of
The $1.7 trillion federal spending bill includes a new change that will curb the abuse of tax incentives for land conservation. Pictured, Montana. Mike Kemp | In Pictures Ltd. | Corbis Historical | Getty Images The $1.7 trillion federal spending bill includes a change designed to curb the abuse of tax incentives for land conservation.
In this article EFX Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Cash payments that were approved as part of Equifax‘s settlement over its 2017 data breach are now reaching consumers. The money — which comes from a $425 million consumer restitution fund created as part of the settlement — began
Integrity Pictures Inc | The Image Bank | Getty Images Retirement accounts are a tax-advantaged way to build your nest egg — but tapping them too soon typically comes with a penalty. However, the tax code waives that penalty in some circumstances. And federal lawmakers are about to add a few more — for example,
Catherine Mcqueen | Moment | Getty Images It will soon be easier for cash-strapped Americans to tap their retirement savings for emergency expenses. President Joe Biden is poised to sign a $1.7 trillion bill that amends rules related to so-called hardship distributions from 401(k) plans. The measures are tucked into “Secure 2.0,” a collection of
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
Preaching a message of financial education and financial freedom, John Hope Bryant is galvanizing America’s top business leaders in the battle for “silver rights,” a term he coined to describe the economic empowerment of minority and low-income communities. “I don’t know about you, but I’m sick and tired of being sick and tired,” Bryant said