Personal finance

Porquenostudios | Istock | Getty Images A lawyer working for a conservative legal group this week brought the first legal challenge to President Joe Biden‘s sweeping plan to cancel up to $20,000 in student debt for millions of Americans. “Nothing about loan cancellation is lawful or appropriate,” Frank Garrison, an attorney at the Pacific Legal
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JGI/Tom Grill The IRS skipped about $3.7 billion in advance child tax credit payments for 4.1 million eligible households, but sent more than $1.1 billion to 1.5 million filers who didn’t qualify in 2021, according to an audit released Tuesday by the Treasury Inspector General for Tax Administration. However, the agency accurately issued 98% of
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In this article CTRN Follow your favorite stocksCREATE FREE ACCOUNT In a war for talent, employers are drastically expanding their benefit offerings to attract and retain workers. Free college may be the most effective tool yet. Most recently, nationwide pizza chain Papa John’s announced it is offering fully funded degrees from partner schools, including the
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Most millennials have invested heavily in stocks or cryptocurrency — and that hasn’t turned out so well. The S&P 500 Index is down more than 20% so far this year. Bitcoin, the largest cryptocurrency, is hovering around $19,000 after starting out the year above $45,000. As many younger investors bail out of those investments, bonds
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Source: Getty Images The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with a new court order allowing a summons for customer records. The agency will issue a so-called “John Doe summons” requiring M.Y. Safra Bank to turn over crypto transaction data for SFOX, a digital currency
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JGI/Jamie Grill When the Federal Reserve hiked the target federal funds rate by another 0.75 percentage points this month, it opened some new opportunities for savers to earn better returns on their cash. The Fed’s move is aimed at combating high inflation, which has sent costs for housing, food and energy soaring. related investing news
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Whether it’s due to belt-tightening or the promise of federal student loan forgiveness, suddenly families are paying closer attention to financial aid for college. Of those parents with college-bound students who didn’t plan on applying for federal aid, 58% have now changed their minds, according to a new report by Discover Student Loans. “Given the uncertainties
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sturti The possibility of a looming recession is prompting fresh worries for both professional and everyday investors. More than half of Americans — 56% — think the country is already in a recession, according to a recent survey from MassMutual. Meanwhile, 49% of respondents said they think there will likely be a recession next year,
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