As Tax Day approaches, many taxpayers may find themselves in a difficult position if they are unable to pay their taxes in full by the deadline. While a tax extension can provide some relief by pushing the filing deadline to October 15, it’s important to note that it does not give you more time to
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In recent years, the attractiveness of pursuing a college degree has waned significantly. The financial burden associated with higher education has caused many potential students to question the overall return on investment. As college costs continue to rise, and student debt reaches alarming levels, fewer individuals are opting to pursue a traditional four-year degree. In
In an announcement made by the Biden administration, a significant move to forgive $7.4 billion in student debt for 277,000 borrowers was revealed. This decision came as a result of the U.S. Department of Education’s efforts to enhance oversight of income-driven repayment plans and the Public Service Loan Forgiveness program. The Secretary of Education, Miguel
Inflation has been a topic of concern among investors lately, especially after a recent batch of data suggested that reigning in consumer prices may take longer than expected. However, amidst this climate of rising prices, there are certain categories of goods and services that are experiencing deflation. This shift in prices, where certain goods are
As tax season approaches, many taxpayers are focused on filing their taxes by the April 15 deadline. However, it is important to remember another key deadline: the due date for first-quarter estimated tax payments. These payments are typically required for individuals earning income from sources without tax withholdings, such as gig economy work, freelancing, small
The recent release of new government inflation data has unveiled a higher than expected increase in consumer prices. This rise in inflation, measured by the consumer price index (CPI), shows a 3.5% increase from a year ago and a 0.4% increase for the month. The CPI serves as a tool to track average changes in
Since assuming office, the Biden administration has been working diligently to implement a student loan forgiveness plan to alleviate the burden on millions of Americans. The plan aims to target certain groups of people, including those experiencing financial hardship and graduates of poor-quality schools, as well as clear the interest on debt for some 25
If you find yourself feeling unprepared to file your taxes, you are not alone. According to a recent survey, 1 in 4 Americans do not feel ready to file their taxes, with 29% admitting to procrastinating the process. However, there is a solution that can give you more time to file – a federal tax
Recent data reveals that the Federal Reserve is not in a hurry to decrease its benchmark rate. Predictions of multiple cuts before the year ends are dwindling due to results like a strong jobs report and a faster-than-expected increase in the consumer price index for March. This unexpected turn of events indicates that inflation is
The Federal Insurance Deposit Corporation (FDIC) recently implemented new requirements for deposit insurance for trust accounts. While the intention behind these changes is to simplify insurance coverage rules for trust accounts, it may have unintended consequences for depositors with over $250,000 in deposits at a bank. The FDIC, established by Congress after the Great Depression
