LaylaBird Many taxpayers get a refund from the IRS. Not all are created equal. Some taxpayers receive significantly higher refunds after filing their returns, according to an analysis of IRS data done by LendingTree. In 2018, the latest available data, the average refund across the board was about $3,660, according to the study. However, taxpayers
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SelectStock | Getty Images The U.S. government has issued a new set of $1,400 stimulus checks, and this time Veterans Affairs beneficiaries were included. The latest round marks the fifth batch of direct payments sent since the $1,400 checks were first authorized by Congress through the American Rescue Plan Act in March. The latest payments
wera Rodsawang | Moment | Getty Images As new $1,400 Covid stimulus checks roll in, Americans are using them to pay monthly bills, regardless of their incomes, a new survey finds. Bankrate.com found that 45% of Americans plan to use the latest round of checks for monthly expenses, followed by 36% who plan to use
Alex Wong | Getty Images News | Getty Images While the latest stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure to take action on student loan forgiveness, too. Sen. Elizabeth Warren, D-Mass., held a hearing on
Dana Neely | Stone | Getty Images Criminals are targeting a new federal program that pays up to $9,000 in funeral costs for a loved one who died of Covid-19, the Federal Trade Commission said Tuesday. The Covid-19 Funeral Assistance program, overseen by the Federal Emergency Management Agency, opened to applicants on Monday. Individuals have
Westend61 | Westend61 | Getty Images Stocks are booming and seniors are struggling with long-term unemployment. Taken together, poor job prospects and a healthy nest egg may make it seem like a good time to retire. In fact, it may be a particularly dangerous time for Americans to do so, according to financial experts. More
ozgurcankaya If you haven’t filed your 2020 tax returns yet, you’re in luck — you have more than a month to get your paperwork to the IRS. The IRS moved the filing deadline this year for individual returns to May 17 from April 15. In addition, May 17 is also the last day to contribute
Jose Luis Pelaez Inc | DigitalVision | Getty Images Ever wonder how your nest egg fares in comparison to your neighbors’? From state to state, the median amount — half fall above, half below — that retirement savers have earmarked for their golden years ranges from about $83,500 in Mississippi to $177,500 in Washington, according
sturti A year into the pandemic, some Americans are still confused as to why they received less stimulus check money than they anticipated and, in some cases, no money at all. If that’s you, there’s good news: A recovery rebate credit on this year’s tax return will let you submit your claim for those funds.
Jason York | Getty Images So you inherited a retirement account. Before you make any decisions on when and how to access the money, it’s worth familiarizing yourself with the rules that apply to different beneficiaries. The rules for these retirement plans can be complicated. Therefore, mistakes can be made, and depending on the specifics,