Tax season underway: What you need to know
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Wealth strategist and tax expert David Ragland joins LiveNOW's Lexie Petrovic to outline what Americans need to know when filing their taxes as tax season began on Monday.

New student loan laws can help borrowers manage better in 2024

From helping student loan borrowers pay off debt and save for retirement to complete forgiveness, 2024 brings some hope for borrowers.

Tax season just started, the IRS is already behind
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Tax season is officially underway. The IRS has begun officially accepting and processing 2023 tax returns, but the agency is already falling behind. Some 1.9 million returns await resolutions, compared to 500,000 at the end of 2019.

Education Department plans inflation fix for new FAFSA

Families must wait longer to see how much student aid they are awarded for the upcoming college spring semester via FAFSA.

IRS launches its free-filing pilot program in 12 US states

With tax season kicking off Monday, the IRS is rolling out a new online option for filing your 2023 returns. Here's how it works.

MacKenzie Scott sold $10.4 billion in Amazon shares in 2023

MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, reportedly offloaded about one-quarter of her stake in the company last year, which was worth more than $10 billion.

Most Americans cannot afford a $1K emergency expense

Thirty-five percent of adults surveyed said they'd have to borrow money if they had a $1,000 unexpected expense.

Gas prices remain stagnant as demand drops: AAA

Although prices are lower than they were last year at this time, they remain steady month over month.

Study: Gen Z, millennials are ‘obsessed’ with idea of being rich

The study found that nearly 60% of millennials said they feel behind financially, likely contributing to feelings of financial inadequacy.

US fourth quarter GDP beats expectations and recession odds

Real GDP increased at an annual rate of 3.3% for the October-through-December period after rising 4.9% in the third quarter of 2023, according to the BEA's advance estimate released Thursday.

Housing is expensive for a record half of American renters, study shows

A new Harvard analysis reveals soaring housing costs put a financial strain on millions of renters, with prices spiking during the pandemic.

Biden cancels another $5 billion in student loan forgiveness – Here's who is impacted

The Biden Administration announced an additional $5 billion in student loan forgiveness that impacts borrowers using the income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF) plans.

IRS to start simplifying notices to taxpayers this year

The IRS on Tuesday announced that it will redesign and simplify the long and often complicated notices it sends to taxpayers every year. 

Social Security is coming for a bigger chunk of your paycheck

The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.

US union membership rate fell to new low in 2023

Union rates have plummeted for a second straight year despite the highest approval ratings in decades.

Read this before you sign up for a college credit card

Signing up for financial products your college is offering can sometimes be the worst deal, a recent CFPB report said.