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Money

News related to money, savings and the economy.

Shapiro's budget proposal makes 'major investment' in SEPTA

Shapiro's budget proposal makes 'major investment' in SEPTA

Pennsylvania Gov. Josh Shapiro said his administration is ready to make “a major investment in SEPTA” as part of an upcoming budget proposal. 

January 29, 2024 12:45pm EST
IRS launches its free-filing pilot program in 12 US states

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.

January 29, 2024 7:17am EST
Most Americans cannot afford a $1K emergency expense

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.

January 27, 2024 9:55am EST
Gas prices remain stagnant as demand drops: AAA

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.

January 26, 2024 6:52pm EST
Study: Gen Z, millennials are ‘obsessed’ with idea of being rich

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.

January 26, 2024 5:04pm EST
30-year mortgage rate stabilizes in 6.6 percent range, draws buyers back: Freddie Mac

30-year mortgage rate stabilizes in 6.6 percent range, draws buyers back: Freddie Mac

The average 30-year fixed-rate mortgage was 6.69% for the week ending Jan. 25, according to Freddie Mac's latest Primary Mortgage Market Survey.

January 26, 2024 1:09pm EST
US fourth quarter GDP beats expectations and recession odds

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.

January 25, 2024 5:54pm EST
Biden cancels another $5 billion in student loan forgiveness – Here's who is impacted

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.

January 25, 2024 4:01pm EST
Here are the US states where you’ll pay less individual income tax in 2024

Here are the US states where you’ll pay less individual income tax in 2024

Several U.S. states are lowering individual income tax rates this year, meaning more financial relief for American taxpayers.

January 25, 2024 8:40am EST
IRS to start simplifying notices to taxpayers this year

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. 

January 24, 2024 7:11pm EST
Social Security is coming for a bigger chunk of your paycheck

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.

January 24, 2024 5:40pm EST
Read this before you sign up for a college credit card

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.

January 24, 2024 12:47pm EST
Los Angeles Times to lay off 20% of its newsroom

Los Angeles Times to lay off 20% of its newsroom

The Los Angeles Times is laying off more than 20% of its newsroom beginning this week in one the largest staff cuts in the newspaper's 143-year history.

January 24, 2024 9:17am EST
Number of electric vehicles that qualify for new electric vehicle tax credit drops to 13

Number of electric vehicles that qualify for new electric vehicle tax credit drops to 13

Only 13 electric vehicle models qualify for the full $7,500 credit, with Tesla and GM seeing the biggest hit.

January 23, 2024 3:46pm EST
Mortgage rates finally expected to dip below 6 percent in 2024, but affordability remains low

Mortgage rates finally expected to dip below 6 percent in 2024, but affordability remains low

Mortgage rates are trending down, likely to go below 6% by the end of the year, but most housing still remains unaffordable to the average American.

January 23, 2024 12:59pm EST
'Loud budgeting' goes viral: What to know about this hot money trend

'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.

January 23, 2024 12:09pm EST
TurboTax maker Intuit barred from advertising 'free' tax services

TurboTax maker Intuit barred from advertising 'free' tax services

The FCT says Intuit engaged in deceptive practices by running ads that claimed consumers could file their taxes for free using TurboTax though many people did not qualify for such free offerings.

January 23, 2024 11:25am EST
Your significant other expects you to spend over $100 on Valentine's Day

Your significant other expects you to spend over $100 on Valentine's Day

Americans in relationships believe their partners expect them to spend an average of $157.52 on gifts this Valentine's Day, according to a recent Trustpilot survey.

January 22, 2024 1:32pm EST
New car purchases are on the rise, but there are insurance implications

New car purchases are on the rise, but there are insurance implications

Consumers are buying new vehicles more often with sales increasing by over 13% in 2023.

January 22, 2024 1:14pm EST
Biden cancels student loan debt for another 74K borrowers

Biden cancels student loan debt for another 74K borrowers

Of the 74,000 borrowers approved for relief Friday, the administration said nearly 44,000 of them are teachers, nurses, firefighters and others with public service careers.

January 19, 2024 5:18pm EST
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Delaware man calls police to retrieve belongings after stolen car was towed: police

Delaware man calls police to retrieve belongings after stolen car was towed: police

Atlantic City Mayor Marty Small testifies in child abuse trial: 'I did not abuse my daughter'

Atlantic City Mayor Marty Small testifies in child abuse trial: 'I did not abuse my daughter'

Snow blankets Philadelphia region as dangerous cold and strong winds move in

Snow blankets Philadelphia region as dangerous cold and strong winds move in

How much snow fell on Sunday? Totals for Philadelphia area

How much snow fell on Sunday? Totals for Philadelphia area

Philadelphia-area school closings and delays: School districts respond to cold, windy weather

Philadelphia-area school closings and delays: School districts respond to cold, windy weather

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