Most student loan borrowers will be inelgible this year for the usual tax break they get for making payments on their debt’s interest. pcess609 Add it to the long list of changes in 2020: Your ability to claim the student loan interest deduction on your taxes. If you’re not familiar with all the details of
Personal finance
The smallest businesses that have had the most trouble accessing forgivable loans from the Paycheck Protection Program will soon get extra help. The Biden administration on Monday announced changes for the pandemic aid program focused on helping small and minority owned firms as well as sole proprietors. For two weeks, starting Wednesday, the Small Business
President Donald Trump speaks to supporters at Joint Base Andrews before boarding Air Force One for his last time as President on Jan. 20, 2021 in Joint Base Andrews, Maryland. Pete Marovich | Pool | Getty Images Former President Donald Trump’s tax returns are back in the news. The Supreme Court rejected Trump’s efforts to
Mark Makela | Getty Images News | Getty Images Americans may get another dose of extra unemployment benefits — and policymakers are debating the best way to deliver them. A host of lawmakers and economists want to put the aid on autopilot, phasing out supplemental benefits gradually rather than shutting them off on a specific
By almost every measure, the coronavirus crisis has been devastating for working women. More women work on the front lines and are at a greater risk of contracting Covid-19, putting themselves and their families in jeopardy. They have reported increased anxiety and stress as a direct result of new work routines and concerns about job
Urbazon | E+ | Getty Images There is a lot to deal with when a loved one passes away. On top of the emotional aspect of handling death, there is the financial stuff — which would include any Social Security benefits the deceased was receiving. You may wonder how the government knows to stop sending
Luc MacGregor | Bloomberg | Getty Images Bitcoin has had blockbuster growth in the last decade, skyrocketing in price and even gaining the support of big banks. Yet for many retail investors, it can be a complicated investment – it’s historically expensive, volatile, can’t be purchased through a brokerage account and isn’t backed by a
PeopleImages You might want to buckle up for this tax season. Whether due to pandemic-related relief, remote work or no work, individuals may find that preparing their 2020 taxes is a bigger challenge than usual. “I think it’s going to be much more complicated,” said Julio Gonzalez, CEO of Engineered Tax Services. This year, the
The beaches in Cancun, Mexico, have been crowded despite the Covid-19 epidemic . Barcroft Media | Barcroft Media | Getty Images Even Sen. Ted Cruz admits his decision to vacation in sunny Cancun, Mexico, this week while his home state of Texas was suffering record cold and massive power outages was “obviously a mistake,” as
Sarah Casillas | DigitalVision | Getty Images A new coronavirus relief bill could give millions of Americans $1,400 stimulus checks. Congress is poised to pass the legislation in March, at which point individuals and families could see the money in the following days or weeks. But as negotiations continue, one argument has surfaced: Is the
Samuel Corum/Bloomberg via Getty Images Many Americans will get an unwelcome surprise this tax season: the realization they were victims of unemployment fraud. Millions of workers have collected jobless benefits during the Covid pandemic. They must pay taxes on that aid. But criminals have stolen identities en masse to collect benefits in others’ names, according
Hill Street Studios | DigitalVision | Getty Images As Congress works to hammer out a deal for a new coronavirus relief bill, that could mean new stimulus checks for millions of Americans. New $1,400 direct payments are among the aid expected to be included in the package. The proposal also includes other measures to help
Buket Topal | iStock | Getty Images Don’t be surprised if filling your car’s tank at the pump keeps gobbling up a growing portion of your budget. Amid already rising gasoline prices, the average price you pay for per gallon could jump over the next couple of weeks, according to GasBuddy.com. On top of elevated
As vaccine distribution slowly gains steam, employers are starting to plan a return to normal — and the office — just as many workers are settling in at home. Vaccinated or not, more than half of employees said that, given the option, they would want to keep working from home even after the pandemic abates,
Peter Cade | Getty Images Claiming Social Security before full retirement age can trip up some people when it comes to spousal benefits. For starters, not all early filers can access those benefits right away, and even those who do may discover it doesn’t translate into a bigger monthly check. “A lot of folks get
President Joe Biden participates in a CNN town hall in Milwaukee on Feb. 16, 2021. Leah Millis | Reuters President Joe Biden has essentially ruled out canceling $50,000 in student debt per person —disappointing some student borrowers who were counting on that help. “I didn’t have my hopes up,” said Joshira Maduro, 30. The research
Shaquille O’Neal speaks in New York during the Sports Illustrated Sportsperson Of The Year 2019. O’Neal is serving as a strategic adviser for a $250 million SPAC. Bennett Raglin | Getty Images Entertainment | Getty Images Wall Street has a new investment darling. And while financiers stand to reap big profits, there are reasons for
Historic row houses in Colombia Heights neighborhood of Washington DC, USA amedved | iStock | Getty Images Homeowners struggling amid the coronavirus pandemic received some welcome news on Tuesday, with the Biden administration announcing it will extend forbearance and foreclosure relief programs. The White House said that the move will benefit the 2.7 million homeowners
kate_sept2004 | E+ | Getty Images In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they’ve learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap.
Airline industry workers hold signs during a protest in Federal Plaza in Chicago, Illinois, on September 9, 2020. KAMIL KRZACZYNSKI | AFP | Getty Images Most new claims for unemployment benefits are coming from repeat layoffs, according to new research, hinting at unstable work prospects for a broad swath of Americans and signaling another dimension