Largely due to President Donald Trump‘s changing tariff policies, markets have been on a rollercoaster ride since April. Although the S&P 500 has largely rebounded from last month’s lows, some families who have been diligently saving for future college costs may still see their 529 college savings plan balance hasn’t fully recovered. For those with tuition […]
How appealing property taxes can benefit new homeowners
If you just bought a house, it may be a good time to check the accuracy of your property tax assessment, experts say. Your property tax assessment is the way officials determine the value of your property for tax purposes. Inaccuracies about your home that factor into that formula could mean that you’re overpaying. If […]
‘Big beautiful’ tax bill skipped ACA credits: How it affects insurance
House Minority Leader Hakeem Jeffries, D-N.Y., at left, and Senate Majority Leader Charles Schumer, D-N.Y., talk while attending an event to mark the 14th anniversary of the passage of the Affordable Care Act, at the U.S. Capitol in Washington, March 21, 2024. Chip Somodevilla | Getty Images The multitrillion-dollar tax and spending package House Republicans […]
What House Republican ‘big beautiful’ budget bill means for your money
House Speaker Mike Johnson speaks to the media after the House narrowly passed a budget bill forwarding President Donald Trump’s agenda at the U.S. Capitol in Washington, May 22, 2025. Kevin Dietsch | Getty Images House Republicans on Thursday advanced a multitrillion-dollar tax and spending package that could have sweeping impacts on household finances. If […]
SNAP benefits, food stamps face cuts under GOP tax bill
People shop at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images As Republicans push forward with the “big, beautiful” tax bill, federal food assistance may see big cuts. The Supplemental Nutrition Assistance Program, or SNAP, may be cut about 30% under the terms of the […]
Trump’s IRS Commissioner pick Billy Long grilled by Senate Democrats
UNITED STATES – MARCH 31: Rep. Billy Long, R-Mo., is seen during the House Energy and Commerce Subcommittee on Communications and Technology hearing titled Connecting America: Oversight of the FCC, in Rayburn Building on Thursday, March 31, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images Senate lawmakers pressed President Donald Trump‘s pick for […]
3 red flags to avoid
South_agency | E+ | Getty Images ‘People don’t know a lot about tariffs’ Tariffs are taxes on goods imported from other countries, paid by the entity importing those goods. Businesses in turn often pass the cost of tariffs along to consumers in the form of higher prices. In April, U.S. President Donald Trump enacted sweeping […]
Student loan borrowers brace for wage garnishment
US Secretary of Education Linda McMahon attends the International Women of Courage Awards Ceremony at the State Department in Washington, DC, on April 1, 2025. Brendan Smialowski | Afp | Getty Images Jason Collier, a special education teacher in Virginia, often needs to wait until payday to fill up the gas tank of his car […]
How to avoid delinquency, default, garnishment
U.S. President Donald Trump talks to reporters aboard Air Force One, en route to Abu Dhabi, United Arab Emirates, on May 15, 2025. Brian Snyder | Reuters As the Trump administration ramps up its student loan collection efforts, worried borrowers need to ask themselves a key question: Am I delinquent, or in default? The answer […]
Eliminating Social Security benefit tax vs. senior bonus
The U.S. Capitol is seen on Capitol Hill in Washington, D.C., U.S., May 7, 2025. Nathan Howard | Reuters House Republicans’ “One, Big, Beautiful” tax bill includes a new temporary $4,000 deduction for older adults. The change, called a “bonus” in the legislation, is aimed at helping retirees keep more money in their pockets and […]