New way to file federal tax return for free
The IRS is offering a new option to filed your federal tax return for free this year. They are launching Direct File for eligible Americans.
The IRS is offering a new option to filed your federal tax return for free this year. They are launching Direct File for eligible Americans.
IRS begins accepting tax returns starting today
Today marks the first day the IRS begins accepting and processing 2023 tax returns.
Today marks the first day the IRS begins accepting and processing 2023 tax returns.
Tax season kicks off with some changes
It's officially tax season. The IRS has rolled out a few tweaks this year to account for higher-than-normal inflation last year.
It's officially tax season. The IRS has rolled out a few tweaks this year to account for higher-than-normal inflation last year.
Americans living paycheck to paycheck
More than half of Americans said they would not be able to afford a $1,000 emergency expense, according to a recent survey. Economic analyst Mark Hamrick has some tips on how to build up an emergency savings account.
More than half of Americans said they would not be able to afford a $1,000 emergency expense, according to a recent survey. Economic analyst Mark Hamrick has some tips on how to build up an emergency savings account.
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.
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.
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.
Thirty-five percent of adults surveyed said they'd have to borrow money if they had a $1,000 unexpected expense.
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.
The study found that nearly 60% of millennials said they feel behind financially, likely contributing to feelings of financial inadequacy.
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.
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.
Illinois tax season 2024: Here's when the state, IRS will send out refunds
Here's everything Illinois residents need to know about this year's tax season.
Here's everything Illinois residents need to know about this year's tax season.
When will the IRS send out tax refunds
The IRS says most taxpayers should expect their refund within 21 days of filing but it could take longer for some.
The IRS says most taxpayers should expect their refund within 21 days of filing but it could take longer for some.
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.
The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.
Auto insurance on the rise in Illinois
Illinois auto insurance rates increased by more than $1 billion last year, according to a report by PIRG. Director of PIRG Abe Scarr says it's not just Illinois feeling the hit, rates went up across the country.
Illinois auto insurance rates increased by more than $1 billion last year, according to a report by PIRG. Director of PIRG Abe Scarr says it's not just Illinois feeling the hit, rates went up across the country.
Tips for preparing for tax season
FOX consumer reporter Steve Noviello breaks down what you need to know ahead of filing your taxes this year.
FOX consumer reporter Steve Noviello breaks down what you need to know ahead of filing your taxes this year.
'Loud budgeting' goes viral: What to know about this hot money trend
Members of Gen Z are shocked by high cost of everything — and are making some notable adjustments.
Members of Gen Z are shocked by high cost of everything — and are making some notable adjustments.
Biden just shortened the timeline to student loan forgiveness for these borrowers
Borrowers already enrolled in SAVE who initially took out $12,000 or less for college may have their loans forgiven soon.
Borrowers already enrolled in SAVE who initially took out $12,000 or less for college may have their loans forgiven soon.
IRS waiving $1 billion in penalty taxes, will kick off 2024 tax season on Jan. 29
The 2024 tax season gets officially underway at the end of January and some taxpayers could see tax penalties waived, the IRS said.
The 2024 tax season gets officially underway at the end of January and some taxpayers could see tax penalties waived, the IRS said.
Holiday debt: How to pay down your expenses
Consumer finance expert Andrea Woroch breaks down how to address any spending debt that has been accumulated over the holidays.
Consumer finance expert Andrea Woroch breaks down how to address any spending debt that has been accumulated over the holidays.
Got student loan debt? Here’s how to get up to $2500 tax deduction
According to the IRS, you may be able to deduct a portion of student loan interest from your taxable income — up to $2,500. Find out if you qualify.
According to the IRS, you may be able to deduct a portion of student loan interest from your taxable income — up to $2,500. Find out if you qualify.
Gas prices dip as holiday season ends: AAA
The national average for a gallon of gas edged down slightly this week. Pump prices have declined due to weak gas demand and an uptick in supply.
The national average for a gallon of gas edged down slightly this week. Pump prices have declined due to weak gas demand and an uptick in supply.
How to build wealth by age
It's getting harder for Americans to manage their money and savings but there are a few things you can do, depending on your age
It's getting harder for Americans to manage their money and savings but there are a few things you can do, depending on your age