Andresr | E+ | Getty Images There is $1 billion in unclaimed 2020 tax refunds up for grabs — but the last chance to file returns and collect the money is approaching. Nearly 940,000 taxpayers have until May 17 to file 2020 returns and claim their refund, the IRS said in a “final reminder” this … Read more
A City College of New York graduate takes a selfie during the school’s commencement ceremony. Mike Segar | Reuters Newly minted college graduates should feel pretty good about their job prospects. The U.S. economy just notched another month of job gains, and although the unemployment rate edged up to 3.9%, “the streak below 4% has … Read more
Epoxydude | Fstop | Getty Images A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation. Led by the U.S. Chamber of Commerce, the card industry in March sued the CFPB in federal court to prevent … Read more
Household incomes are set to grow again after living standards took a hit from rising taxes and swelling mortgage repayments in recent years. Stage three tax cuts, cooling inflation and bulkier pay packets are expected to underpin a 3.5 per cent increase in real household disposable incomes in 2024-2025 — the fastest rate of growth … Read more
Morsa Images | Digitalvision | Getty Images As a result, federal student loan rates may increase in the 2024-2025 academic year, according to an estimate by higher education expert Mark Kantrowitz. The rate could go up by 1 percentage point. “This is a fairly big jump,” Kantrowitz said. Here’s what borrowers need to know. What … Read more
US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images ‘I plan on dying with student loan debt’ “I think this is a great idea. I am 52 years old with a lot of student … Read more
Phoenix Wang | Moment | Getty Images A new Social Security trustees report released on Monday provides a modest bright spot for the program. The program’s combined funds are now projected to run out in 2035 — one year later than was previously anticipated. At that time, 83% of benefits will be payable, unless Congress … Read more
As tax time fast approaches, the three big ticket items in the ATO’s sights have been revealed. The Australian Taxation Office (ATO) this week announced it would be cracking down on taxpayers who incorrectly claimed work-related expenses, inflated claims for rental properties and failed to include all income when lodging. These are among the most … Read more
Young people are seen on the Emory University campus in Atlanta, Georgia on October 14, 2022. Elijah Nouvelage | AFP | Getty Images The youngest generation of American workers is prepared to move away from states that pass abortion bans and to turn down job offers in states where bans are already in place, a … Read more
People leave a Social Security Administration building in Burbank, California. Valerie Macon | Afp | Getty Images The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees’ report released on Monday. At the projected … Read more
