Wealth Management

Images By Tang Ming Tung | Digitalvision | Getty Images Whether you’re expecting a refund or balance due this tax season, there’s a key reason to file your return promptly, experts say: thwarting tax-related identity theft.     Nearly 33% of Americans procrastinate filing their taxes, according to a survey from real estate company IPX1031, which polled

Vithun Khamsong | Moment | Getty Images Thousands of IRS employees are expected to lose their jobs as Elon Musk’s Department of Government Efficiency, or DOGE, continues widespread cuts to federal spending.  The move comes roughly three weeks since the opening of tax season and could impact millions of taxpayers who will file before the

monkeybusinessimages | Getty There are signs that the housing market is swinging to favor buyers. However, renewed worries about the economy are holding some buyers back. On the upside for homebuyers, home price growth has slowed and mortgage rates have retreated from recent peaks. The median sale price for homes was $375,475 in the four

U.S. Sen. Elizabeth Warren (D-MA) speaks to a crowd gathered in front of the U.S. Treasury Department in protest of Elon Musk and the Department of Government Efficiency on Feb. 4, 2025 in Washington, DC. Anna Rose Layden | Getty Images In response to a request from Sen. Elizabeth Warren, the Federal Deposit Insurance Corp.

Americans are racking up more and more credit card debt. Collectively, consumers owe a record $1.21 trillion on their credit cards, the Federal Reserve Bank of New York recently reported. The average balance per consumer now stands at $6,580, up 3.5% year over year, according to a separate quarterly credit industry insights report from TransUnion. Despite the

President Donald Trump‘s order to suspend all U.S. foreign aid, which was announced on January 20, is currently on hold amid a legal review. But for nonprofits, charities and public service organizations that rely on federal funding, some damage has already been done. “Foreign assistance programs don’t operate with an on/off switch,” said Mitchell Warren, executive director

Busà Photography | Moment | Getty Images There’s no shortage of social media influencers sharing real estate advice, and some make renting out your home seem like a clear “yes” when you move elsewhere. Managing a rental property, however, can be complicated — and changing your primary residence could impact your taxes later, experts say. 

Republican presidential nominee former President Donald Trump arrives to speak at a campaign event at Harrah’s Cherokee Center on August 14, 2024 in Asheville, North Carolina.  Grant Baldwin | Getty Images On the campaign trail, President Donald Trump touted a plan to eliminate income taxes on Social Security benefits. Now that he’s in the White

Former U.S. President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, on April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images A U.S. appeals court on Tuesday blocked the Biden administration’s student loan relief plan known as SAVE, a move that will likely lead to higher

Martin Barraud | Ojo Images | Getty Images As U.S. home equity climbs, owners are more likely to face capital gains taxes from selling property. But a lesser-known tax strategy could help shrink your bill, experts say. When selling your main home, there’s a special tax break that shields up to $250,000 of profits for