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Personal Finance
Hope for Parents: Congress Pushes for Loan Forgiveness for Parent PLUS Borrowers
A recent proposal from a group of lawmakers aims to provide relief to a specific segment of student loan debt holders, targeting Parent PLUS borrowers. The initiative, outlined in a letter to Education Secretary Miguel Cardona, highlights…
IRS Closed on Presidents Day, But Prepare for Busy Phone Lines Afterward
As the nation commemorates Presidents Day, a federal holiday since 1885, the Internal Revenue Service (IRS) gears up for one of its busiest periods of the year. While IRS offices were closed on the holiday, the weeks surrounding Presidents…
Adulting 101: How Not to Cry about Your Bank Account
Recent data from the Federal Reserve Bank of New York paints a fascinating picture of wealth among young Americans aged 18-39. Between the start of 2019 and the third quarter of last year, their net worth surged by a remarkable 80%,…
Retirement Readiness Check: Is Your $800k Enough for $4,000/Month Expenses?
Planning for retirement can be a daunting task, especially when you're nearing the age of 60 and have $800,000 in retirement savings.
With the average monthly living expenses in the United States around $4,000, there's a significant gap…
Tax Season Surprise! 5 IRS Updates You Won’t Want to Miss
The advancements in tax technology, pending regulations, and the inclusion of cryptocurrency in tax forms are crucial developments to monitor in 2024.
The IRS has recently launched two new technology systems, the Information Returns…
Understanding Medicare Advantage Grocery Allowances
Have you heard of the grocery allowance that Medicare offers? Are you unsure if it's real and if you can obtain it? In actuality, Parts A and B of Original Medicare do not provide a grocery allowance.
However, some Medicare Advantage…
Missing Your 1099-MISC? How to Still Claim Your Minnesota Tax Rebate
Last year, many Minnesotans received a welcomed boost to their bank accounts in the form of one-time checks and direct deposits as part of a state funding surplus redistribution.
However, as tax season rolls around, more than two…
Colorado Leaders Throw Weight Behind Ballot Measure for Permanent Property Tax Cuts
Some of Colorado's most important corporate and political personalities have banded together to combat an imminent property tax increase.
This unexpected collaboration includes prominent advocates and adversaries of Proposition HH, who…