martin-dm | E+ | Getty Images Car buyers are usually aware that their new vehicle will start losing value as soon as it’s driven off the dealership’s lot. These days, depending on the car, depreciation may be a lot less than it was in past years, according to a new study from iSeeCars.com. With supply-chain
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Election workers open mail in ballots at the Maricopa County Tabulation and Election Center in Phoenix on Nov. 11, 2022. Justin Sullivan | Getty Images It may take until December to know which political parties control both chambers of Congress after Tuesday’s midterm elections. But that does not mean your personal investment strategy should also
The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images The White House announced President Joe Biden intends to nominate Danny Werfel — a former budget official and private sector leader — to run the IRS as the agency prepares for a makeover. Prior to his current role at Boston Consulting Group, Werfel
Jbyard | Istock | Getty Images When President Joe Biden announced over the summer a sweeping plan to forgive student debt, millions of Americans celebrated the fact their financial situation looked like it would soon improve. But now the Biden administration finds itself unable to start delivering its relief because of a court-ordered stay of
Gary John Norman If you make more than $1 million a year in Massachusetts, you may soon be subject to a “millionaire tax” approved by voters this week through a ballot initiative. The new law creates a 4% tax on annual income above $1 million, on top of the state’s current 5% flat income tax,
With grocery prices up sharply from a year ago, Thanksgiving is hitting households a lot harder this year. Per-pound prices for turkey, the holiday’s biggest staple, are up 17% year over year, according to the latest inflation data. Turkey is forecast to be 23% pricier in the fourth quarter due to both inflation and
Activists demonstrate in support of a $15-per-hour minimum wage and tips for restaurant workers in Washington, D.C. on Feb. 8, 2022. Mandel Ngan | AFP | Getty Images Voters in Nebraska and in the District of Columbia on Tuesday approved higher minimum wages, while the results in a similar Nevada ballot measure are still pending.
Charnsitr | Istock | Getty Images Certain tax credits were made temporarily more generous in 2021. For certain people, there still may be time to claim the money, which may add up to thousands of dollars — but some politicians aren’t happy the IRS just reminded Americans about the cash. The federal agency recently sent
What you buy this holiday season is just as important as how you buy it. In fact, the payment method you choose at checkout can go a long way toward helping you stick to a budget, save money and stay out of debt. “The credit card is the gold standard in terms of rewards and
Luke Chan | E+ | Getty Images Cryptocurrency is starting to pop up as an alternative asset class in some 401(k) plans. Retirement savers may be wondering if it’s wise to invest. “Making it this easy and accessible has both pros and cons [for investors],” said Douglas Boneparth, a certified financial planner and founder of