Personal finance

US President Joe Biden speaks in Pittsburgh, Pennsylvania, on March 31, 2021. Jim Watson | AFP | Getty Images President Joe Biden has requested that Education Secretary Miguel Cardona prepare a report on the president’s legal authority to cancel up to $50,000 in student debt per borrower, White House chief of staff Ron Klain said

Getty Images As vaccines ramp up and the economy reopens, many individuals and families may be eager to see this side effect of the Covid-19 pandemic continue: government stimulus checks. A recent poll from Data for Progress found 65% of Americans are in favor of payments of $2,000 per month for the duration of the

In this article ETSY Hispanolistic After a year of the coronavirus pandemic, millions of Americans are anxiously awaiting tax refunds from their 2020 returns. How they plan to use that chunk of money – which, for many, is the largest windfall they’ll see all year – is very different. Last year, the IRS sent nearly

President Joe Biden, ‪with Vice President Kamala Harris,‬ speaks after a meeting with his Covid-19 Response Team at the White House on March 29, 2021. Jonathan Ernst | Reuters President Joe Biden on Wednesday is unveiling his latest plan to boost the post-coronavirus economy — a $2 trillion infrastructure package called the American Jobs Plan.

Samuel Corum/Bloomberg via Getty Images The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal agency said Wednesday. The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person, received in 2020. Households with $150,000

In this article MCD TGT DRI DG WOOF T With almost every adult nearly eligible for the Covid-19 vaccine, businesses are doing their part to motivate the masses. Krispy Kreme Doughnuts is offering anyone with proof of a Covid vaccination a free doughnut a day for the rest of the year. In Cleveland, Chagrin Cinemas

Robert Daly | Getty Images The Biden administration is expanding an existing pause on student loan interest and collections to include more than 1.1 million borrowers who are in default, the U.S. Department of Education announced Tuesday. The borrowers, whose defaulted loans are part of the Federal Family Education Loan program, were ineligible for the

Pascal Broze | Getty Images Social Security and other federal beneficiaries who do not normally file tax returns can expect their $1,400 stimulus payments to be issued this weekend, the IRS and Treasury Department said on Tuesday. The majority of the payments will be sent electronically and received on April 7, the government agencies said.

Sen. Bernie Sanders, I-Vt., speaks at an event in Birmingham, Alabama, on March 26, 2021. Andi Rice/Bloomberg via Getty Images A group of Senate Democrats issued a proposal Monday to tax unrealized capital gains of wealthy estates at death. The plan comes as President Joe Biden prepares to unveil a major infrastructure plan that’s expected

Tenant rights activists hold a demonstration outside the home of New York State Senator Brian Kavanagh to protest what they claim to be inadequate legislative relief for renters during the COVID-19 pandemic and to call for the cancellation of rent, February 28, 2021 in the East Village neighborhood of New York City. Andrew Lichtenstein |

In this article IRSA3-AR Geber86 | E+ | Getty Images As new $1,400 stimulus checks are sent to millions of Americans, some may still be wondering why they have not received money from the first two sets of direct payments. The U.S. government has sent out three rounds of stimulus checks — for up to

kate_sept2004 The tax season might be a little more complicated for filers in certain states. The recent move by the IRS to extend the filing season to May 17 from April 15 only applies to federal income tax returns. That deadline doesn’t always align with due dates for state income taxes. Most states have followed

For those who can afford it, the coronavirus crisis has caused a home-buying frenzy. In the last year, 1 in 20 adults moved, either permanently or temporarily, from where they were living due to the Covid outbreak, according to a recent report by the Pew Research Center. Not everyone is heading from the city to the suburbs, however.

Luis Alvarez/ Getty Images. Corporate America is in need of a reboot. That’s what advocates are calling for as working parents — especially women — are looking for more flexibility and other changes to help them juggle work and family life. “This pandemic has turned the workplace upside down,” said Amber Clayton, director of the

A Social Security Administration office in San Francisco. Getty Images When the Covid-19 pandemic set in last year, one of the unintentional effects from the deep economic downturn included a potential reduction in Social Security benefits for one group of people. And now, as the U.S. economy is beginning to repair itself, signs point to

Grace Cary Washington has issued stimulus checks to about 127 million households over the past two weeks. Some payments went to those who didn’t need the money. But that’s not necessarily bad — the answer largely depends on one’s view of check targeting and how easily that can be achieved. The concept of trying to

elenaleonova | E+ | Getty Images A quirk in eligibility rules for a new unemployment tax break may lead some married couples to wonder whether they should file separate returns, even if they typically file jointly. The short answer: Filing separately may make sense in some cases, especially when each spouse can get the maximum

Me in my new living room. Source: Janna McPartland When I was 25, and knew nothing about pandemics, I made a list in a small notebook of the things I hoped to achieve in my life. One of those goals was, “To live in my own apartment by 37.” Some people may wonder: Why did

In this article IRSA3-AR Luis Alvarez | DigitalVision | Getty Images Americans can get a tax break this filing season for masks, hand sanitizer, sanitizing wipes and other personal protective equipment to prevent the spread of Covid-19, the IRS announced Friday. The tax code lets taxpayers deduct medical costs that exceed 7.5% of their adjusted

Student loan borrowers may see more relief still in the pandemic. ViT Postman | iStock | Getty Images Many people with federal student loans won’t be able to claim a popular deduction on their taxes this year. Around 12 million taxpayers take advantage of the break known as the student loan interest deduction, which allows