The federal budget deficit widened to a record $738 billion in April, as the government’s efforts to combat the coronavirus pandemic led to massive levels of new spending and sharply lower tax collections, the Treasury Department said on Tuesday. In...
Struggling borrowers typically must make the first move to receive help from their lenders if they’re suffering financial hardship from the coronavirus pandemic, but too few make that call. More than 90% of people who have asked their mortgage lender...
The economy is in free fall and businesses are desperate for cash. The good news is that, for the past few weeks, they have been getting at least some of what they need from the banks. Households have been less...
Just before the coronavirus pandemic reached America’s shores, the U.S. saw the lowest number of foreclosure filings in over a decade. But the economic downturn the disease outbreak has since caused could lead many Americans into foreclosure, the regulator of...
The Internal Revenue Service has issued guidance filling in many details of the historic delay in this year’s tax-filing and payment deadlines, which have been extended to July 15 from April 15 for many taxpayers due to the coronavirus pandemic....
As homeowners rush to lock in record-low mortgage rates by refinancing, a strange thing is happening: They’re getting higher rates. While the rate on 30-year fixed mortgages hit a 50-year low of 3.29% in the first week in March and...
To keep safe and healthy, please see the CDC website on how to prepare yourself and your families here. The Centers for Disease Control & Prevention
...The idea of cranking out yet another form after filing your income tax return sounds as soul-crushing as, oh, maybe clearing out all those boxes filled with who knows what from the basement. Take time to fill out a new...
As tax season approaches, you're going to need to compile all the information about your finances that you possibly can. Your yearly income isn't the only thing you'll need. If you're an investor, or even if you've just made a...
Your wedding is probably the priciest, most complicated party you’ll ever spend money on. In 2017, the average cost of a wedding skyrocketed to $38,700, according to The 2019 WeddingWire Newlywed Report. Navigating the planning process can be difficult when...
What should you and your loved ones be doing to prepare for a retirement when and how you want? While the answer partially depends on whether your own personal finish line is just around the corner or decades away, there’s...
Saving for retirement can't be done at the last minute; it takes decades of consistent effort to save hundreds of thousands of dollars. When you start early, you still have compound interest on your side. But the longer you wait...
The personal-finance playbook followed by past generations doesn’t add up for many people the way it used to. It’s time for some new money rules. Liz Weeks listened to her parents. Go to college, they said. Then get a good...
A tax loophole lets high earners contribute indirectly to a Roth IRA High-income earners can’t contribute directly to a Roth IRA, but thanks to a tax loophole they can still contribute indirectly. If you qualify to take advantage of this...
Robinhood's "infinite money" glitch — which enabled premium users to borrow seemingly endless amounts of cash and turn thousand-dollar deposits into million-dollar positions — showcased the dangers of turning investing into a game, one expert says. "The infinite-leverage glitch in...
