Personal Finance

svetikd | E+ | Getty Images Millions of American families with kids have received three monthly payments since July totaling $45 billion through the new enhanced child tax credit. There’s a limited amount of time for families with eligible children to sign up if they didn’t get the checks automatically, likely because they don’t traditionally
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Billionaire Peter Thiel, PayPal co-founder and chairman of Palantir Technologies, during a news conference in Tokyo, Japan, on Nov. 18, 2019. Kiyoshi Ota/Bloomberg via Getty Images Billionaire Peter Thiel and others with huge retirement account balances are in lawmakers’ crosshairs. House Democrats unveiled a tax package on Monday that would force distributions from one’s nest
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LifestyleVisuals | E+ | Getty Images Many older Americans worry about rising medical expenses, and those who may benefit most from a tax-friendly health savings account are the least likely to have one.  That’s according to a report from the National Poll on Healthy Aging, which surveyed Americans ages 50 to 80 about health expenses and savings. 
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mphillips007 | iStock Unreleased | Getty Images With Mega Millions and Powerball jackpots both topping $400 million, there are likely a lot of players daydreaming about how they’d spend such a windfall. They also may want to think about what to do as a winner before the money actually reaches them. That is, there would
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Unofficially known as “Big Sky Country,” Montana attracted more vaccinated than unvaccinated Americans last month. Mike Kemp | In Pictures Ltd. | Corbis Historical | Getty Images Lawmakers on Capitol Hill may pass a measure to curb abuses by taxpayers using a particular tax deduction for land preservation. The bill, named the Charitable Conservation Easement
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Representative Tom Suozzi, a Democrat from New York, speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol in Washington, D.C., on Thursday, April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images House Democrats have said they will pursue “meaningful” change to the $10,000 cap on the
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VALERIE MACON | AFP | Getty Images The Social Security cost-of-living adjustment for 2022 could be 6% to 6.1%, according to the latest estimate from The Senior Citizens League, a non-partisan senior group, based on new Consumer Price Index data released Tuesday. The Social Security Administration typically announces the cost-of-living adjustment for the following year
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SDI Productions | E+ | Getty Images About 78% of Hispanic families received stimulus payments over the last year and a half, compared with 96% of white respondents, according to a recent study conducted by Ipsos and a group of social policy organizations including the National Women’s Law Center. There was also a gap in
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House Ways and Means Committee ChairmanRep. Richard Neal, D-Mass., (left) and ranking member Kevin Brady, R-Texas. Chip Somodevilla | Getty Images News | Getty Images House Democrats on Monday revealed a package of tax hikes on corporations and the rich without President Joseph Biden‘s proposed levy on inherited property at death, according to an outline
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BartekSzewczyk | iStock | Getty Images With attention in Congress on infrastructure and a new budget, discussions about student loan cancellation seem to be on the shelf. And despite the pressure some Democrats have put on President Joseph Biden to wipe out the debt through executive action, he has expressed mostly hesitancy about doing so.
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A tourist boat passes cowboy statues along Oklahoma City’s Bricktown Canal. Western heritage is a big draw in Oklahoma’s capital. Oklahoma City Convention and Visitors Bureau Ready to head out on vacation after the long pandemic-era drought — but not looking to go broke in the process? Online airport parking platform ParkSleepFly has ranked the
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Travel + Leisure Club is a new subscription travel booking and concierge service. Travel + Leisure Group/Travel + Leisure Co. From private-jet clubs to theme park memberships, subscription services are increasingly the way to go when it comes to vacations and other leisure trips. For example, Internet sites Tripadvisor and Scott’s Cheap Flights — both
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Money and mental health are connected. Financial problems can make you stressed, anxious or depressed, and those feelings, in turn, can have a big impact on your finances. In fact, anxious or stressed adults are more likely to engage in costly financial behaviors, including withdrawing cash from retirement accounts and borrowing from high-cost financial services
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courtneyk | E+ | Getty Images The end of eviction protections combined with the snail-paced distribution of federal rental assistance means that the struggles for renters aren’t going away anytime soon. More than 6 million households remain behind on rent payments, a figure that has only worsened of late, despite an unprecedented allocation of funding
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Chassity Jackson, founder of Battle Beauties Fashion, is worried about falling back into a depression over money. Courtesy: Chassity Jackson Chassity Jackson is worried about her financial future. While the 42-year-old Air Force veteran is financially secure now, that wasn’t always the case. Two years ago, she was living in a car with her 11-year-old
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kate_sept2004 | E+ | Getty Images In just a few months, the new child tax credit featuring advance monthly payments has relieved financial instability and lowered food insecurity for many families with children. Continuing the expanded credit beyond 2021 would slash child poverty even further, reducing it to about 8.4% from 14.2%, a fall of
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