With more than 16 million Americans now jobless, many people await promised federal payments — a key part of the U.S. government's $2.2 trillion economic relief package in response to the coronavirus pandemic.
A quarter of borrowers who take out student loans end up defaulting within five years, while many of the people who pause or defer payments due to hardships end up paying more than they originally would've owed, according to a study from the Pew Charitable Trusts.
Ever since Congress passed the massive tax overhaul late last year, analysts and tax experts have been frantically studying it to figure out what exactly it changed and whom those changes would affect.
U.S. stocks were moving broadly higher in midday trading Thursday as technology companies rebounded after a steep sell-off a day earlier. The rally pushed the Dow Jones industrial average past the 24,000 mark for the first time
A popular deduction targeted in the GOP's overhaul of the tax code is used by more than a quarter of all filers in a majority of states. That includes many states led by Republicans where some residents eventually could see their federal tax bills rise.
Middle-class American families grew richer between 2013 and 2016, their first such gains since the Great Recession upended the economy a decade ago. Yet wealthier families did even better, worsening the nation’s massive disparities in wealth and income.
The IRS is warning businesses about a sharp increase in email phishing scams involving employees’ W-2 forms — scams that can put staffers’ Social Security numbers and other critical information in the hands of thieves.