IRS announces higher standard deductions for 2025
The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.
$1M lottery ticket sold at Arizona Circle K
Check your tickets! Someone who bought a ticket for a lottery drawing last weekend hit the jackpot.
Should minimum wage be lower for workers who get tips? These 2 states will decide
The amount of money tipped workers make varies depending on the state. Currently, 14 states pay the federal minimum, or just above $2 an hour for tipped workers and $7 an hour for non-tipped workers.
A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it
America's youngest adult generation is projected to live longer than previous generations, but few of them are preparing for a traditional retirement.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
PepsiCo adding more chips to bags following 'shrinkflation' complaints
Pepsi is boosting the volume for some chip products, including Tostitos and Doritos brands.
A closer look at how Trump's economic plan could impact inflation
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Holiday spending projected to hit new record this year
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Americans are feeling more anxious about their credit card debt, survey finds
Americans appear to be feeling more worried about mounting credit card debt, according to the New York Fed’s September 2024 Survey of Consumer Expectations.
Online payment apps: Here’s what to know the next time you tap to pay
Payment apps make it easy to send and receive money with the click of a button, but here’s what you need to know when using these platforms.
Tax extension deadline on Oct. 15: What to know about filing late returns
For Americans who filed for a tax extension for the 2023 tax year, the deadline is on Tuesday, Oct. 15, 2024.
Some Social Security recipients will get two payments in November. Here's why
Those who receive Supplemental Security Income (SSI) will receive an additional check in November due to how the payment schedule is lined up.
Arizona shows highest increase in homeownership in the U.S. since 2020
A new study shows that homeownership rates in Arizona have grown faster than any other state in the U.S.
Abortion passes inflation as top election issue for women under 30, survey finds
A growing number of women view abortion as their key issue heading into November’s presidential election based on results in a new survey.
Former Tampa Bay Buc Tom Brady donates $100K for hurricane relief in Florida
“In the wake of Milton, I’ll be making a donation of $100K to help get essentials like food, water and first aid to fellow Floridians in need," the Super Bowl champion wrote on social media.
TD Bank to pay $3 billion in historic money-laundering settlement
The Justice Department reported that money laundering networks transferred hundreds of millions of dollars through TD Bank branches for years.
Concert for Carolina to raise money for Hurricane Helene victims
North Carolina natives Luke Combs, Eric Church, James Taylor and other stars will take the stage in Charlotte to raise money for victims of Hurricane Helene.
States with the highest student loan payments: Study
New Hampshire topped the list with an average student loan payment of $229 and both Arkansas and Mississippi ranked the lowest with $142.
Inflation reaches lowest point in 3 years; here's what prices came down most
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.
Social Security COLA 2025: Recipients to receive 2.5% increase next year
The cost-of-living adjustment, or COLA, was announced on Thursday. Here’s what to know.