In this Monday, Sept. 10, 2018, photo, Idalis Fernandez walks to her hotel room provided by FEMA with her son Adrian, 2, at the Baymont Inn in Kissimmee, Fla. Vouchers that paid for hotel rooms for Puerto Rican evacuees end Friday, leaving many to find roofs over their heads. John Raoux | AP The enhanced
Personal finance
10’000 Hours | Getty Images If you’ve worked remotely at any point this year, you may want to evaluate what that could mean for your 2021 tax return. Although many states offered a pandemic-related reprieve that generally resulted in no tax-filing obligation for people who worked temporarily in their state, the leniency was for 2020
Getty Images | filadendron Panic selling is common after stock market dips, and it’s more likely to happen with certain investors, according to research from the Massachusetts Institute of Technology. When the market drops, men over age 45 who are married with children and have self-described “excellent investment experience” are more prone to sell-offs, the
Getty Images Covid-19 has triggered unprecedented financial challenges for many individuals and families. Now, one survey shows just where many of them are feeling the pinch — their credit card balances. Bankrate.com finds that 42% of U.S. adults with credit card debt have increased those balances since the Covid-19 pandemic began in March 2020. The
d3sign | Moment | Getty Images When it comes to reserving hotel stays, Aesop and his fabled ants might have gotten it backwards — it can actually pay to wait till the last minute to book. While conventional wisdom holds that travelers get better rates for accommodations, air and other vacation components by reserving early,
lisegagne | E+ | Getty Images The new enhanced child tax credit may help parents continue working, a recent study shows. Nearly 94% of parents said they planned to continue working or even work more once receiving the credit, which began in monthly installments in July, according to a report from a team of researchers
Sinenkiy | iStock | Getty Images Federal benefits for aged, blind and disabled Americans have not been updated in years. Now, some lawmakers and advocates are pushing for changes to the program — called Supplemental Security Income, or SSI — to be part of legislation being promoted in Congress. However, it is still unclear whether
Westend61 Panic selling often happens during stock market dips, and those who dump investments may later regret their decision. The bigger issue, however, is getting back into the market after a “freak out,” according to research from the Massachusetts Institute of Technology. “Panic selling is predictable,” said co-author Chi Heem Wong, researcher at MIT, and there
In this article BKCC Ronnie Kaufman | DigitalVision | Getty Images Everyone wants to be happy in retirement. So what will it take to get there? It’s not just saving money, although that is key, according to certified financial planner Wes Moss, chief investment strategist at Atlanta-based Capital Investment Advisors and author of the upcoming
A detail of the statue of Satoshi Nakamoto, a presumed pseudonym used by the inventor of Bitcoin, in Budapest, Hungary. Janos Kummer | Getty Images News | Getty Images The price of popular cryptocurrencies like bitcoin and ethereum plunged Friday after Chinese officials intensified a crackdown, essentially declaring crypto to be illegal. The government intervention,
sorn340 | iStock | Getty Images It’s now been more than seven months since President Joe Biden asked the U.S. Department of Justice to review his legal authority to cancel student debt. The agency hasn’t released its findings yet. And although top Democrats argue that the president can cancel the debt through executive action, Biden
President Joe Biden speaks during a virtual Covid Summit of the United Nations General Assembly on Sept. 22, 2021 in Washington. Alex Wong | Getty Images News | Getty Images The wealthiest 400 American families paid an 8.2% average rate on their federal individual income taxes from 2010 to 2018, according to a White House
mediaphotos | E+ | Getty Images Many popular tax-planning strategies are on the chopping block as Democrats debate how to pay for their $3.5 trillion spending package. However, now is the time to consider year-end moves to lower next year’s tax bill, regardless of what happens in Congress. “Year-end tax planning should be done every
Valeriy_G | iStock | Getty Images If you have a big wad of cash to invest, you may wonder whether you should put all of it to work immediately or spread out over time. Regardless of what the markets are doing, you’re more likely to end up with a higher balance down the road by
@Sabi32 | Twenty20 On Sept. 15, millions of families received the third advance child tax credit payment automatically from the IRS. But others who got their July and August payments without a problem have yet to get their money. Sarene Leeds, 44, is one such parent. The freelance writer in White Plains, New York, was
President Joe Biden addresses the 76th Session of the U.N. General Assembly on Sept. 21, 2021 in New York. Eduardo Munoz-Pool/Getty Images President Joe Biden and House Democrats have unveiled plans to raise taxes on households with more than $400,000 of annual income, and cut or maintain taxes for those below the line. But what’s
zimmytws | iStock | Getty Images Treasury Secretary Janet Yellen made headlines this week with an op-ed suggesting government checks could run dry if Congress doesn’t raise the debt ceiling. “Nearly 50 million seniors could stop receiving Social Security checks for a time,” Yellen wrote. The House of Representatives has passed a bill to temporarily
Halfpoint Images | Moment | Getty Images New data on the monthly child tax credit payments shows how parents earning up to $50,000 a year are using the extra money. They’re investing it. The monthly checks started in July, and include up to $300 per child under age 6 and $250 per month for children
skynesher New retirees — or anyone on the verge of retiring — may want to consider what an extended stock market dip would mean for their portfolio over the long-term. While the market has partially rebounded from Monday’s slide, it’s a good reminder that down markets can pose significant “sequence of returns” risk in the
The Good Brigade | DigitalVision | Getty Images Roth accounts are after-tax accounts with unique benefits for retirement savers. Namely, investments grow tax-free, and withdrawals aren’t subject to tax during one’s retirement years. But there are some key differences between Roth savings in a 401(k) plan and in an individual retirement account. Here are some