Personal Finance

Even as expanded child tax credit helped millions out of poverty, some still haven’t accessed funds

wera Rodsawang | Moment | Getty Images Child poverty fell dramatically in 2021, thanks to an expansion put in place…

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8 million student loan borrowers will get automatic forgiveness. Here’s what you need to know

Leopatrizi | E+ | Getty Images As part of President Joe Biden’s historic student loan forgiveness plan, up to 8…

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How to turn stock losses into tax savings, and other ways to trim your tax bill

Review tax withholding First, you want to review how much money is being withheld from your pay for federal taxes.…

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Medicare standard Part B premiums will drop by 3% next year, to $164.90

bymuratdeniz | E+ | Getty Images The 2023 monthly premium for Medicare’s outpatient care coverage will be about 3% lower…

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‘We have to be defensive.’ Here are year-end strategies from advisors amid volatility, rate hikes, inflation

Ridofranz | Istock | Getty Images It’s been a nerve-wracking year for investors. With ongoing stock market volatility, high inflation…

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Millennials, bailing on stocks and other investments, might not find bonds so boring anymore 

Most millennials have invested heavily in stocks or cryptocurrency — and that hasn’t turned out so well. The S&P 500…

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Savings rates climb to levels not seen since 2009. Here’s how to get the best return on your money

When the Federal Reserve hiked the target federal funds rate by another 0.75 percentage points this month, it opened some…

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IRS steps up efforts to target U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions

The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with a new…

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Nearly 6 million older adults are living below the poverty line. These resources can help struggling seniors

Solstock | E+ | Getty Images The poverty rate among Americans over the age of 65 is on the rise.…

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Home purchase cancellations are above 15% for the second straight month. It’s important to know the financial repercussions

Steve Pfost | Newsday | Getty Images Amid higher interest rates and a softening housing market, home buyers are continuing…

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