IRS to waive $1 billion in penalties for millions of taxpayers – here’s who qualifies
Nearly 5 million people, businesses and tax-exempt organizations — most making under $400,000 per year — will be eligible for the relief starting this week, the IRS said.
Secure 2.0: optional provisions kick in to help retirement savers with emergencies and student loan debt
The Secure 2.0 Act of 2022 has several new optional provisions kicking in at the start of 2024, such as emergency savings and student loan matching.
These are the most affordable cities to buy a home in 2024: Realtor.com
Realtor.com released the top 100 ranking metros for 2024, including affordable markets in the Northeast and Midwest such as Toledo, Ohio, and Rochester, New York, alongside several Southern California markets.
Americans living in these states are worse off financially: survey
Americans nationwide are feeling the lingering impact of inflation on their wallets, but these three states have it the worst, according to a recent WalletHub survey.
Biden forgives another $4.8 billion in federal student loan debt, but alternative relief plan hits a snag
The Biden administration has forgiven a total of $132 billion in federal student loans for more than 3.6 million Americans, and all of it has bypassed the need for congressional approval.
Holiday debt hangover poised to be 'particularly nasty' this year, analyst says
While retail sales are strong, an industry economist is warning about about an uptick in usage for buy now, pay later services as consumers battle growing debt obligations.
Federal Reserve nears victory over historic inflation, defying predictions of recession
The cost of goods — such as used cars, furniture and appliances — has fallen for six straight months.
Costco sold $100 million in gold bars last quarter
CFO Richard Galanti said in September that the gold bars are 'typically gone within a few hours.'
Mortgage rates dip below 7 percent as the housing outlook brightens for 2024: Freddie Mac
The average 30-year fixed-rate mortgage was 6.95% for the week ending Dec. 14, according to Freddie Mac's latest Primary Mortgage Market Survey.
Gas prices on downward slide, further price drops likely: AAA
A downward trend in national gas prices persists ahead of holiday travel. Tepid demand and a low cost for oil are bringing drivers relief at the pump, according to AAA.
Rent prices show biggest decline in more than 3 years, Redfin report says
Redfin says its the biggest annual price drop in rents since 2020.
Los Angeles among top 3 costliest cities for older homeowners
High housing costs across the U.S. are pushing more homeowners out the door, but according to new data, that sentiment rings especially true for older homeowners in metro areas and coastal cities.
Fed decides no interest rate bump in December, indicates cuts ahead
The Federal Reserve announced a third interest rate pause during its December meeting on Wednesday, still leaving the federal funds rate at a 22-year high of 5.25% to 5.5%.
12 percent of retired Americans plan to return to the workforce in 2024: survey
Some 12% of Americans said they planned to work again in the New Year, with 61% citing rising costs as the reason, a recent Resume Builder survey said.
Boss surprises team with lottery tickets as Christmas gifts, leading to $50K jackpot win
Sheila Colter, an employee at Med Center Health Environmental Services in Kentucky, gifted her team scratch-off tickets for Christmas, leading to an unexpected $50,000 jackpot win.
Here's who may qualify for $10,000 in student debt relief under Biden's new forgiveness plan
The Biden administration has taken the next step toward its plan B for student loan forgiveness after the U.S. Supreme Court struck down its first debt forgiveness attempt.
2 Mega Millions jackpot tickets sold at same Los Angeles gas station Friday night
The two Mega Millions jackpot winners will split the grand prize, after purchasing their tickets from the Los Angeles gas station.
Gas prices dip lower, an early present for travelers this holiday season: AAA
The national average for a gallon of gas resumed its gradual decline amid falling oil prices. If oil prices stay low, drivers can anticipate a continued drop in pump prices, AAA said.
How much do stamps cost now? Here’s what you will spend to send out holiday cards amid inflation
Still need to send out your holiday cards? It will cost you more this year.
Homebuying demand dries up even as mortgage rates drop: Freddie Mac
The average 30-year fixed-rate mortgage was 7.03% for the week ending Dec. 7, according to Freddie Mac's latest Primary Mortgage Market Survey.