The IRS recently released an “important update” regarding their Direct File pilot program, which aims to simplify the tax filing process for eligible individuals. This program, available in 12 pilot states, now allows users to import key details necessary to verify their returns before filing. However, there are still limitations and challenges that filers may
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President Joe Biden is set to unveil a new plan to forgive student debt, less than a year after his initial attempt was blocked by the Supreme Court. This time around, Biden is aiming to create a plan that will withstand any legal challenges. The new program is more targeted, focusing on specific groups of
President Joe Biden is set to unveil a far-reaching student loan forgiveness plan that has the potential to benefit millions of Americans. The revamped aid package is expected to be disclosed during an event in Madison, Wisconsin. Following the Supreme Court’s rejection of his initial attempt to eliminate up to $20,000 in student debt per
The “silver tsunami” phenomenon is looming large, with a substantial number of Americans reaching the age of 65 every day. This phase, termed as “peak 65,” brings with it a myriad of challenges, especially in terms of financial planning and decision-making. As the traditional three-legged stool of retirement planning erodes, individuals are left to navigate
As the tax deadline looms closer, more and more individuals are turning to AI-powered chatbots for assistance with filing their tax returns. While the convenience and accessibility of these chatbots may seem appealing, experts are warning filers to exercise caution when relying on generative AI for tax advice. According to recent surveys, a significant percentage
The Biden administration is set to introduce a new student loan forgiveness proposal that could potentially benefit millions of Americans. While this plan may not be as extensive as the previous one that was blocked by the Supreme Court, it still has the potential to forgive the student debt of up to 10 million borrowers.
Student loan borrowers have until April 30 to take advantage of a one-time student loan forgiveness opportunity provided by the U.S. Department of Education. The opportunity involves a payment adjustment, which can result in immediate debt cancellation for those who request consolidation by the end of the month. This consolidation will combine all loans into
The cost of attending college has been on a steady incline, with some top schools now charging nearly six figures a year for tuition, fees, room and board, and other expenses. According to data provided to CNBC, eight institutions have set their costs for the 2024-25 academic year at over $90,000 per year. With tuition
The issue of college enrollment declines has been a major concern, but what is even more worrying is the rising number of students who start college but then withdraw. According to the National Student Clearinghouse Research Center, there are now more than 40 million students who are currently unenrolled. This trend is alarming and calls
In the world of fashion, trends come and go, but the concept of “quiet luxury” has made a strong comeback under a new name: old money style. This trend, characterized by expensive materials in understated tones, gained popularity following Gwyneth Paltrow’s ski accident trial last March, despite the financial struggles faced by many Americans. While