As Tax Day approaches, many taxpayers may find themselves in a situation where they are unable to pay their taxes by the April 15 deadline. While getting a tax extension may seem like a good solution, it’s important to note that an extension does not give you more time to pay. This is a common
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Obtaining a college degree is losing its allure, with higher education facing significant challenges. The escalating costs of college tuition and the soaring levels of student debt have caused many students to question the value of pursuing a degree. As a result, fewer students are opting for traditional four-year programs. Recent data from the National
The Biden administration recently announced a plan to forgive $7.4 billion in student debt for 277,000 borrowers in the United States. This latest round of loan cancellations is a direct result of the U.S. Department of Education’s efforts to enhance oversight of income-driven repayment plans and the popular Public Service Loan Forgiveness program. Secretary of
When it comes to filing taxes, it is important to remember that there is more than just one deadline to keep in mind. In addition to the traditional tax filing deadline of April 15, there is also a due date for first-quarter estimated tax payments. These payments are typically applicable to individuals who earn income
While the latest inflation data has caused unease among investors, it is crucial to note that there are certain categories of goods and services that have shown deflationary trends. This drop in prices has predominantly been observed in physical goods such as cars, furniture, and appliances, along with some food and energy-related products. Sarah House,
The recent release of new government inflation data indicates a higher-than-expected rise in inflation, with the consumer price index (CPI) increasing by 3.5% from a year ago and 0.4% for the month. This uptick in prices is not a shock to consumers who have been grappling with the burden of rising costs. The CPI monitors
The Biden administration is moving forward swiftly with a new student loan forgiveness plan, aiming to begin relieving people of their debts as early as this fall. This initiative is seen as a crucial step in the lead-up to the next presidential election, as it tackles issues that sharply differentiate Democrats from Republicans. According to
When it comes to filing your taxes, time management is crucial. Many Americans find themselves overwhelmed and unprepared to file their taxes on time. According to a recent survey, 1 in 4 Americans admit to feeling unprepared, with 29% confessing to procrastinating. This is where filing for a federal tax extension can come in handy.
Recent data from the Consumer Price Index in March showed an unexpected rise in inflation, which has led to the Federal Reserve taking a cautious approach towards lowering its benchmark rate. Earlier predictions of multiple rate cuts this year are now less likely as the central bank keeps an eye on inflation trends. Mark Higgins,
The Federal Deposit Insurance Corporation (FDIC) recently implemented new requirements for deposit insurance for trust accounts, which may have an impact on depositors with over $250,000 in deposits. While the changes are intended to simplify insurance coverage rules for trust accounts, they may inadvertently push some depositors over FDIC limits. Under the new rules, trust