Personal finance

Sen. Bernie Sanders (I-VT) speaks with reporters in the Senate Subway on Tuesday, Nov. 2, 2021 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images House Democrats have proposed increasing the federal deduction for state and local taxes to $72,500 from $10,000, according to a draft of the bill released by the

In this article COLM CLBK Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, the days of low rates are clearly numbered. Reports of hotter-than-anticipated inflation have paved the way for the central bank to unwind last year’s bond buying. While the Fed said that interest rates will stay near zero for now,

Sen. Kirsten Gillibrand, D-N.Y., attends an an all-day vigil for a national paid leave policy on Nov. 2, 2021 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images A proposal for a national paid family leave program has been dropped from proposed Build Back Better legislation. But the fight for a policy

Rep. Josh Gottheimer, D-N.J., speaks during a news conference with the Problem Solvers Caucus on Dec. 3, 2020. Stefani Reynolds | Bloomberg | Getty Images As Democrats iron out their $1.75 trillion social and climate spending package, the plan may still include relief for the $10,000 cap on the federal deduction for state and local

Tasos Katopodis | Getty Images News | Getty Images Democrats jettisoned a number of proposals to raise taxes on the wealthy in their $1.75 trillion social and climate spending measure. But those taxes are set to increase even if lawmakers don’t touch them. Starting in 2026, the marginal income-tax rate paid by the highest earners

Carol Sloane, a project manager based in New Jersey, is getting burned out. Several members of her team have left in the past few months, which means an increase in responsibilities and new projects on her plate. It’s resulted in a longer work day. “There’s just not enough hours in the day with some of

HOUSTON, TEXAS – JUNE 09: Employees speak together at a Chipotle Mexican Grill on June 09, 2021 in Houston, Texas. Menu prices at the Chipotle Mexican Grill have risen by roughly 4% to cover the costs of raising its’ minimum wage to $15 an hour for employees. The restaurant industry has been boosting wages in

zxvisual | iStock | Getty Images Like many other renters during the pandemic, Trish DaCasta nabbed an apartment that she normally couldn’t afford. The upgrade was a big one: She was able to leave the place she’d been sharing with roommates for more than five years for a studio of her own in a luxury

kate_sept2004 | E+ | Getty Images When Sherose Badruddin, 38, joined her local Buy Nothing group in Chapel Hill, North Carolina, five years ago, she did it purely to save money. As a single mom, she was on a tight budget.   “I joined my Buy Nothing group in 2016 to get free stuff; I

As the founder and director of two entrepreneurship-focused programs at Stevens Institute of Technology, Launchpad and iSTEM, I have overseen the creation of 12 officially incorporated enterprises, with many more on the way. It took about three years to put our first company together, but now we launch a new company every three months. To maintain this efficiency, we need to identify the right students: the rulebreakers,

JGI/Jamie Grill Consumers are likely experiencing sticker shock as new government data shows annual inflation rising at the fastest pace in more than 30 years. So-called headline inflation, including food and energy prices, rose at a 4.4% annual rate in September, the fastest since 1991. With higher prices likely here to stay for now and

In this article BKCC Marko Geber | DigitalVision | Getty Images Does more money equal more happiness? When it comes to your retirement, it does — up to a point, according to certified financial planner Wes Moss, chief investment strategist at Atlanta-based Capital Investment Advisors and author of the book, “What the Happiest Retirees Know.”

Amid widespread job losses and sudden financial turmoil in 2020, many adults found a likely safety net: their parents. A year and a half later, nearly a third of millennials, between the ages of 25 and 40, still receive financial support from their parents, according to a new survey by personal finance site MagnifyMoney. From

Getting your first job offer is exciting — joining the full-time workforce can mean a salary, benefits, and a path to financial independence.  But before jumping to accept an offer, it’s important to assess what exactly the company is promising you and negotiate your salary. Most people hate negotiating (who can blame them) and don’t

Francesco Carta fotografo | Moment | Getty Images With inflation picking up faster than it has in more than three decades, investors are grappling with how to respond to the risk. Rising prices mean that a portfolio’s returns don’t mean as much, a reality that can hit retirees especially hard since they depend on their

Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images President Joe Biden released a framework for his $1.75 trillion spending package Thursday. And while it didn’t propose changes to the $10,000 cap

Photo by Mike Kline (notkalvin) | Moment | Getty Images Proposed legislation unveiled Thursday as part of Democrats’ $1.75 trillion social and climate spending plan would close a tax loophole for cryptocurrency investors. The Build Back Better Act would subject crypto transactions to “wash sale” rules, an anti-abuse measure that currently applies to stocks, bonds

Mayte Torres | Moment | Getty Images President Joe Biden has unveiled the framework for a proposed $1.75 trillion social spending and climate plan. But one key component — paid family and medical leave — has been nixed from the proposal. Biden had called for 12 weeks of paid leave as part of his American

President Joe Biden delivers remarks on his proposed Build Back Better social spending bill in the White House on Oct. 28, 2021 Chip Somodevilla | Getty Images News | Getty Images The White House issued a framework for a $1.75 trillion social and climate spending bill on Thursday — and would finance more than half

lisegagne | E+ | Getty Images The enhanced child tax credit is one of the programs that made the cut as Democrats raced to come to an agreement over a framework for their spending plan. The credit, which was expanded in March by the American Rescue Plan, will be continued through 2022, according to a