Personal Finance

Getty Images With the end of tax-filing season swiftly approaching, people who worked in multiple states last year due to Covid may be wondering — where do I owe taxes? The answer might not be simple. Between March 2020 and October 2020, nearly 9 million Americans relocated, according to research from the National Association of

Ty Wright | Bloomberg | Getty Images It’s a challenging time to be a car buyer. High consumer demand coupled with a manufacturing shortage of microchips — key parts needed for today’s autos to operate — have pinched new-car inventory at dealerships across the country. And with drivers seeking affordable options for hitting the open

Signs calling for more relief, a second Paycheck Protection Program and more as part of a campaign by Goldman Sachs supporting small businesses near the U.S. Capitol on Jan. 5, 2021. BRENDAN SMIALOWSKI | AFP | Getty Images Stimulus checks have injected about $850 billion in financial support to Americans over the past year. Now,

kupicoo | E+ | Getty Images Congressional lawmakers from both sides of the aisle are calling for a repeal of the state and local tax cap, arguing that they hurt middle-class Americans. On Thursday, representatives led by Rep. Tom Suozzi, D-N.Y.; Rep. Andrew Garbarino, R-N.Y.; and Rep. Young Kim, R-Calif., announced a bipartisan caucus to

LaylaBird Many taxpayers get a refund from the IRS. Not all are created equal. Some taxpayers receive significantly higher refunds after filing their returns, according to an analysis of IRS data done by LendingTree. In 2018, the latest available data, the average refund across the board was about $3,660, according to the study. However, taxpayers

SelectStock | Getty Images The U.S. government has issued a new set of $1,400 stimulus checks, and this time Veterans Affairs beneficiaries were included. The latest round marks the fifth batch of direct payments sent since the $1,400 checks were first authorized by Congress through the American Rescue Plan Act in March. The latest payments

Alex Wong | Getty Images News | Getty Images While the latest stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure to take action on student loan forgiveness, too. Sen. Elizabeth Warren, D-Mass., held a hearing on

Dana Neely | Stone | Getty Images Criminals are targeting a new federal program that pays up to $9,000 in funeral costs for a loved one who died of Covid-19, the Federal Trade Commission said Tuesday. The Covid-19 Funeral Assistance program, overseen by the Federal Emergency Management Agency, opened to applicants on Monday. Individuals have

sturti A year into the pandemic, some Americans are still confused as to why they received less stimulus check money than they anticipated and, in some cases, no money at all. If that’s you, there’s good news: A recovery rebate credit on this year’s tax return will let you submit your claim for those funds.

ozgurcankaya If you haven’t filed your 2020 tax returns yet, you’re in luck — you have more than a month to get your paperwork to the IRS. The IRS moved the filing deadline this year for individual returns to May 17 from April 15. In addition, May 17 is also the last day to contribute

New York Governor Andrew Cuomo speaks at Rochdale Village Community Center in Queens, New York, on April 5, 2021. Brendan McDermid | AFP | Getty Images The highest-earning New Yorkers are about to be hit with a tax hike. The New York state Senate and Assembly late Wednesday passed a $212 billion budget proposal after

Jason York | Getty Images So you inherited a retirement account.  Before you make any decisions on when and how to access the money, it’s worth familiarizing yourself with the rules that apply to different beneficiaries. The rules for these retirement plans can be complicated. Therefore, mistakes can be made, and depending on the specifics,

antongvozdikov / 500px | 500Px Plus | Getty Images Some newlyweds get an unwelcome gift from the IRS: a bigger tax bill.  While many couples end up paying less in taxes after tying the knot, some face a “marriage penalty” — that is, they end up paying more in taxes than if they had remained

After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif. Source: Taryn Orellana When pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to move. In October, the couple

Chase Kensrue Before the coronavirus pandemic hit last March, Danny Samet, 28, had big financial plans for the year. The freelance tour manager and merchandiser for bands had a goal to pay off his credit card debt, which is about $6,000, he said. Once he’d done that he was considering looking to buy a house

Alex Wong | Getty Images News | Getty Images President Joe Biden asked Congress for a $400 annual increase in maximum Pell grants for college students as part of a budget proposal issued Friday. The president also called to broaden eligibility to undocumented immigrants known as Dreamers. Pell grants are available to undergraduate students who

A person walks under a marquis for a closed down Paramount theater in Oakland, Calif. on Feb. 12, 2021. JOSH EDELSON | AFP | Getty Images It’s been a year since unemployment claims peaked at nosebleed levels and signaled the depth and severity of the Covid downturn. Yet claims for unemployment benefits persist at rates

HRAUN Linda, a lawyer from California who was laid off from her job in January, is like millions of others in the pandemic who are living without health insurance. But she discovered that the government would fully subsidize her COBRA health insurance premiums from April until September, thanks to a provision in the latest stimulus

Marcos Elihu Castillo Ramirez | iStock | Getty Images Considering a Medicare supplement plan, aka Medigap? Be sure to choose one based on more than just its cost. These policies, sold by private insurance companies, generally cover part or most cost-sharing — i.e., copays or deductibles — that comes with basic Medicare (Part A hospital

Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a delay Wednesday to two debt-collection rules issued in the waning days of the Trump administration. Those rules broadly addressed how debt collectors may communicate with and make disclosures to consumers. Kathy Kraninger, the former CFPB head during the Trump administration, said the measures