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Your Tax Refunds May Be Smaller This Year

Child Tax Credits and Stipends Content Type: Service Income Tax Internal Revenue Service Personal Finances Rebates and Refunds Tax Credits, Deductions and Exemptions

Your Tax Refunds May Be Smaller This Year

Credits that were expanded as part of pandemic relief have expired, as has the deduction for donations for people who don’t itemize.

By Ann Carrns

The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.

Budgets and Budgeting Federal Budget (US) Government Bonds Interest Rates National Debt (US) Personal Finances Stocks and Bonds United States Economy United States Politics and Government

The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.

If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.

By Alan Rappeport Jim Tankersley and Jeanna Smialek

What to Know About Biden’s Student Loan Repayment Proposal

Biden, Joseph R Jr Colleges and Universities Content Type: Service Education Department (US) Income Personal Finances Student Loans

What to Know About Biden’s Student Loan Repayment Proposal

Proposed changes to federal student-loan repayment plans tied to income could cut some borrowers’ monthly payments by more than half.

By Tara Siegel Bernard

For Freelancers, New Federal Help in Saving for Retirement

Content Type: Service Freelancing, Self-Employment and Independent Contracting Individual Retirement Accounts Internal Revenue Service Pensions and Retirement Plans Personal Finances Retirement Savings Tax Credits, Deductions and Exemptions

For Freelancers, New Federal Help in Saving for Retirement

The Secure 2.0 Act provides for direct government contributions to retirement accounts for low- and moderate-income workers, though that won’t start until 2027.

By Ann Carrns