Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023. Ting Shen | Bloomberg | Getty Images The IRS will deny billions of dollars’ worth of claims for a pandemic-era tax break while working to process lower-risk filings, the agency said on Thursday afternoon. Enacted … Read more
TikTok is chock-full of tips for building wealth. The latest money-saving trend taking over is the “no-spend month,” which encourages TikTok users to cut out all non-essential purchases for a set period. But, in this case, even the best intentions can backfire. Here is what you should know before swearing off unnecessary spending. The no-spend rules The … Read more
Lourdes Balduque | Moment | Getty Images The U.S. Department of Education may extend the eligibility of a popular student loan forgiveness program to early childhood educators. The agency on Thursday announced that it was issuing a request for information on potentially broadening the Public Service Loan Forgiveness program to include workers in early childhood … Read more
People walk past a restaurant, with a hiring sign outside, in Washington, D.C., on Oct. 5, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The unemployment rate, which has remained low for two years, has been inching higher in the first half of the year, according to data from the Bureau of Labor Statistics. For … Read more
An exterior view of the Supreme Court on June 20, 2024 in Washington, DC. Andrew Harnik | Getty Images In a closely watched case, the Supreme Court on Thursday denied a challenge to a federal tax on certain foreign investments — but left questions about whether a wealth tax is constitutional. The case, Moore v. … Read more
Joe Biden and Donald Trump Getty Images Voters, ages 50 and older, will have a strong influence on the November election. And politicians who want to win their vote would be wise to emphasize personal economic issues that affect them, particularly Social Security, according to a new AARP poll of likely voters from the 44 … Read more
New York Gov. Kathy Hochul. Lev Radin/Anadolu Agency via Getty Images New York is launching a program offering homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property, and more states are expected to follow suit by summer’s end. The rebate programs are part of the federal Inflation Reduction Act, the largest … Read more
Australian home prices are expected to rise once again, with record highs for houses and units in most capital cities. Perth, Adelaide, Sydney and Brisbane are expected to lead the pack on house prices in the 2025 financial year, setting fresh records alongside Queensland’s Sunshine Coast and Gold Coast, real estate portal Domain says. By … Read more
A potential buyer walks in to view a home for sale during an open house in Parkland, Florida, May 25, 2021. Carline Jean | Tribune News Service | Getty Images Owning a home can provide a way to build wealth that will transfer from one generation to the next. But more than $32 billion in … Read more
Halbergman | E+ | Getty Images Most people know very little about the Uber drivers who take them to work, school and wherever else they need to go. In Jonathan Rigsby’s new book, “Drive: Scraping by in Uber’s America, One Ride at a Time,” he takes the reader into the driver’s seat. Despite Rigsby’s job … Read more
