In 2016, Wake Forest graduate James Bacon made the decision to pursue a graduate degree. After paying his way through his four-year degree program and taking out student loans to cover the rest, he figured he would do the same...
The housing market saw a brief reprieve last month — thanks to lower mortgage rates and an uptick in sales listings More Americans signed on the dotted line to buy a home last month, but the factors that have tested...
When Daniel Penzing’s real estate agent suggested a $345,000 price tag for his Chicago condo, he balked at the number. “We told our realtor that we wanted to list our condo 5% above his suggested listing price,” Penzing says. “I...
When the American Rescue Plan was signed into law in mid-March, it did a lot more than just send stimulus checks to people's bank accounts. It also boosted an essential tax credit, setting the stage for millions of families to...
For millions of Americans, there’s an unwelcome side of the return to business-as-usual after the pandemic: They’ll have to start repaying their student loans again. More than 40 million holders of federal loans are due to start making monthly instalments...
The tax levied on estates of wealthier Americans upon death brings in a relatively small amount of money — about $13.2 billion in 2019, less than one one-hundredth of what was raised through individual income taxes ($1.7 trillion). But the...
Thanks to the pandemic, it's been another oddball tax season. The original deadline for filing 2020 federal income tax returns would have been April 15 but the ongoing disruptions, including a backlog at the Internal Revenue Service from last year,...
About 39 million families will start receiving payments from the new, refundable child tax credit on July 15, the Treasury Department announced Monday. Authorized by the $1.9 trillion American Rescue Plan signed into law by President Joe Biden in March,...
As wealthy Americans took advantage of cheap mortgages, increased savings and the ability to work from home during the pandemic, their demand for bigger homes and million-dollar listings outpaced sales of homes across all other price ranges. The number of...
American families are set to receive a more generous child tax credit for 2021. Starting in July, the IRS will begin sending out monthly payments of $250 or $300 through December to low- and moderate-income families who qualify, depending on...
Meme-based cryptocurrency Dogecoin fell on Tuesday after hitting an all-time high in a wild session that saw supporters of the token once considered a parody use hashtags to fuel a rally until it lost steam. Dogecoin ultimately fell 15.4% to...
Losing a job doesn't just mean saying goodbye to a paycheck. It often means losing health insurance. Though not all employers provide subsidized health insurance to their staff, many do, so getting laid off can deal that extra financial blow...
Implosion prompts look at how firms reveal derivative holdings Agency also reviewing short bets following GameStop rally U.S. regulators are considering tougher disclosure requirements for investment firms in response to this year’s implosion of Archegos Capital Management and trading gyrations...
Fed enters blackout period at end of week ahead of April FOMC ​U.S. entering period of faster growth; case spike a risk The Federal Reserve will likely scale back its bond purchases before considering raising interest rates, Chairman Jerome Powell...
The fast rise and even faster fall of a trader who bet big with borrowed money. Before he lost it all—all $20 billion—Bill Hwang was the greatest trader you’d never heard of. Starting in 2013, he parlayed more than $200...
