kate_sept2004 There’s nothing easy about divorce, and President Joe Biden‘s latest proposal may deliver a tax surprise to couples calling it quits. Biden wants higher taxes on the wealthiest 1% to help fund education, paid leave, childcare and other social programs, impacting those earning over $400,000. The proposal calls for raising the highest income tax
Personal finance
Olga Kaya | iStock | Getty Images There are now more than 360 programs across the country providing money to renters who’ve fallen behind because of the coronavirus pandemic. The funds total more than $45 billion and have been allocated by Congress in the last two major stimulus packages in the hopes of clearing up
President Joe Biden delivers remarks at the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden and Vice President Kamala Harris released their 2020 tax returns Monday, restoring the annual White House tradition. The president and first lady, Jill Biden, reported $607,336
In this article BBY TFC BLK MoMo Productions | Stone | Getty Images Many Americans do not have the cash on hand to cover an unexpected emergency expense, a reality that has become more apparent during the Covid-19 pandemic. That has led to a growing call for companies to step in and adopt programs to
Anna Moneymaker | Getty Images News | Getty Images President Joe Biden wants to raise taxes on wealthy households to fund part of his infrastructure agenda. But some of those tax hikes are poised to happen even if Biden’s legislative push isn’t successful. That’s due to the way in which lawmakers structured the 2017 Tax
Samuel Corum/Bloomberg via Getty Images The IRS will start issuing tax refunds on unemployment benefits this week. But some people may see a smaller refund — or none at all. The lesser amounts will apply to those who have past-due debts, like federal and state taxes, child support, student loans and unemployment benefits that were
In this article FIS Getty Images Fidelity investments is expanding its no-fee investing accounts to a new group: teens. With parental permission and guidance, of course. The investing firm Tuesday announced the Fidelity Youth Account, a brokerage account specifically designed to help kids ages 13 to 17 invest, save and spend. The accounts are available
Fertnig | E+ | Getty Images Heidi Hansen was making $72,000 a year as a purchasing and warehouse manager in Emmetsburg, Iowa, until she was laid off last month. Her weekly state unemployment benefit of under $500 in Iowa wouldn’t be enough to cover her monthly bills, including her $830 mortgage, car insurance and utilities.
Sarat Sethi Cameron Costa | CNBC When Sarat Sethi was coming up in the finance and investment advisory industry, there were not a lot of role models of Asian descent. “It made me feel different,” said Sethi, who moved with his family to the U.S. from India when he was 12. Sethi, now 51 and
Hispanolistic Depending on where you live, cash or other financial aid from your state could be coming your way. As the U.S. economy continues recovering from the pandemic, some states are using (or plan to use) extra money in their budgets to either send out stimulus-type payments, provide tax cuts or otherwise give relief to
In this article IRSA3-AR FatCamera | E+ | Getty Images There are only a few days left for individuals to file their 2020 tax returns without risking a penalty from the IRS. This year, the deadline for tax returns is Monday, May 17. In March, the IRS pushed back the date for individual returns due
In this article TVAG-FF Axel Hefer, CEO of Trivago Trivago It’s been said there’s no gain without pain and that what doesn’t kill you makes you stronger. Online travel search firm Trivago seem to have taken the sentiment to heart amid an ongoing pandemic that’s put its industry through the wringer for some 14 months.
kate_sept2004 | E+ | Getty Images Putting away enough savings for retirement has always been a struggle for many Americans. One reason workers tend to fall short: They often dip into the money they have set aside for their golden years. Now, some experts and lawmakers are discussing one idea that could help workers avoid
Ohio Gov. Mike DeWine said Thursday that the state would end its participation in federal unemployment programs June 26. Justin Merriman | Getty Images News | Getty Images More than a dozen states are withdrawing from pandemic-era unemployment programs — forgoing billions of dollars in federal funds that would otherwise flow to out-of-work residents. Here’s
Scott Olson | Getty Images If you’re lucky — as in really, really lucky — that $2 Mega Millions ticket you’re holding could be worth $430 million by Saturday. That’s the face value of the jackpot heading into Friday night’s drawing. Yet whether you’d choose to receive the prize as an annuity spread over three
In this article TSLA Elon Musk, the CEO of Tesla. Christophe Gateau/picture alliance via Getty Images Elon Musk impersonators have stolen at least $2 million from investors in cryptocurrency scams over the past six months, according to the Federal Trade Commission. The theft is part of a so-called “giveaway scam,” whereby con artists pose as
Jose Luis Pelaez Inc | DigitalVision | Getty Images Good news for parents: Monthly payments through the new federal enhanced child tax credit will begin July 15. The credit will go to roughly 39 million households with about 65 million children, or 88% of children in the U.S., according to the IRS. The expanded credit
Hispanolistic | E+ | Getty Images Credit card balances have dropped during the Covid-19 pandemic. Now financial experts are hoping Americans can find the wiggle room to reach another financial goal: bulking up their emergency savings. Total credit card debt in the U.S. dropped by 13% by the end of the third quarter of 2020,
Getty Images The May 17 extended tax filing deadline has arrived. Those who still aren’t ready may feel panicked, yet experts say there are options for people who aren’t prepared to file or pay. More from Personal Finance:2020 tax returns are due to the IRS on May 17. Here are some last-minute filing tipsAlmost 2
The days of working from home may numbered. While some companies, including JPMorgan Chase, Salesforce and PricewaterhouseCoopers, are dumping office space, others are ramping up their return-to-work plans. Just this week, Google, one of the first major U.S. companies to send employees home last year because of the coronavirus, told staffers it is accelerating