Amidst the challenges faced by college applicants in 2024, one factor emerged as the primary influencer when it came to choosing a school: financial aid. While financial aid has always played a crucial role in college decisions, this year, issues with the new federal financial aid application process have heightened its significance. The delays in
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In today’s economy, despite the unemployment rate remaining at a near record low, there are still individuals who are not in employment, education, or training, known as NEETs. This group of individuals is opting out of the labor force, often due to discouragement from their economic standing. Young adults, especially those between the ages of
The U.S. Department of the Treasury and IRS recently unveiled final tax reporting regulations for digital asset brokers, which has implications for the crypto market. The rules will gradually come into effect, starting in 2026, with mandatory annual reporting requirements for gross proceeds from sales. This move is aimed at enhancing tax compliance for high-income
In recent years, the U.S. stock market has seen a significant increase in concentration, with a handful of companies dominating the market. The S&P 500, considered the most popular benchmark for U.S. stocks, is a perfect illustration of this trend. The top 10 stocks in the S&P 500, which have the largest market capitalization, accounted
President Joe Biden’s student loan relief plan, known as the Saving on a Valuable Education (SAVE) plan, has faced legal challenges that have resulted in preliminary injunctions from federal judges in both Kansas and Missouri. These injunctions have temporarily blocked key provisions of the plan, preventing the Biden administration from fully implementing its initiatives to
When it comes to planning for retirement, there are many factors to consider beyond just your savings rate and total nest egg. One of the most crucial but often overlooked factors is your life expectancy. As Lisa Schilling, director of practice research at the Society of Actuaries Research Institute, points out, uncertainty about how long
The recent Supreme Court ruling in the Moore v. United States case has raised concerns about the feasibility of implementing wealth tax proposals in the United States. While there is a growing interest among lawmakers to tax the ultra-rich, the blocking of the challenge to the “mandatory repatriation tax” by the Supreme Court has added
It is not uncommon for people to find themselves dealing with summer travel expenses long after the season has ended. According to a recent survey by Bankrate, 36% of Americans admitted that they plan to take on debt in order to fund their summer vacations. The survey revealed that the payment methods for summer travel
As we look ahead to the future of health insurance premiums, there is a looming threat that premiums could increase significantly after 2025 if Congress does not take action. The premium tax credit currently plays a key role in making health insurance purchased via the federal marketplace more affordable. Participants have the option to use
The upcoming presidential debate between President Joe Biden and former President Donald Trump is expected to shed light on their respective stances on tax policies. Experts believe that this debate could provide insights into the future of tax breaks introduced under the Tax Cuts and Jobs Act of 2017 (TCJA). Several key provisions of the