Emirmemedovski | E+ | Getty Images Like many other industries, tax firms and accountants are incorporating artificial intelligence more heavily into their workflows. But as adoption grows, some experts say IRS privacy rules haven’t kept pace — making it worthwhile for consumers to ask how their tax preparer uses AI. In June, the IRS released its…
Tom Werner | Digitalvision | Getty Images As borrowers come up against new federal limits on student debt, they may encounter financing options from an unexpected source: their state. But don’t assume these government-backed loans are a close substitute for federal student loans. Consumer advocates say state student loans are more akin to private student…
A sailor observes the oil tanker HELGA, which is moored at one of Iraq’s southern offshore oil terminals near Basra, as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. Mohammed Aty | Reuters The past week’s earnings from the energy…
Prospective homebuyers eyeing a condominium may soon discover that mortgage lenders are as interested in the condo building as they are in the buyer. New condo-lending policies taking effect on Aug. 3 from Fannie Mae and Freddie Mac — government-sponsored enterprises that purchase qualifying mortgages on the secondary market — mean that some purchases could…
Linda McMahon, US education secretary, speaks during a roundtable on education at the Department of Justice (DOJ) in Washington, DC, US, on Thursday, June 11, 2026. Al Drago | Bloomberg | Getty Images Hundreds of thousands of student loan borrowers have gotten their debts forgiven, or soon will, due to a $23 billion class-action settlement…
Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026, in South Pasadena, California. Mario Tama | Getty Images Prices for used electric vehicles are doing something unusual — and the dynamic poses both good and bad news for consumers, according to automotive experts. Generally, used car prices depreciate over time. Indeed, as…
The Federal Reserve kept interest rates unchanged Wednesday, but the central bank’s latest policy decision could still have significant implications for household budgets. Higher energy prices stemming from the Iran conflict may have lasting inflationary effects, which likely contributed to the Fed’s decision to leave rates on hold as policymakers wait to gauge the economic…
Today’s workers entering retirement face one big dilemma: What is the best way to turn their nest eggs into a steady stream of income? One traditional approach — the 4% rule, whereby retirees can withdraw that portion of their portfolio in their first year of retirement and then adjust that rate for inflation thereafter —…
The U.S. Capitol in Washington, July 22, 2026. Aaron Schwartz | Bloomberg | Getty Images Some Congressional lawmakers are pushing to get rid of a lucrative tax loophole for cryptocurrency investors estimated to be worth billions of dollars per year. It’s a potentially rare area of bipartisan agreement when it comes to tax and crypto…
The Trump Accounts program is “the most successful launch in government history,” Treasury Secretary Scott Bessent said Monday at a meeting of the Financial Literacy and Education Commission, according to prepared remarks exclusively provided in advance to CNBC. So far, about 7 million children have been signed up, Bessent said. That’s up from 6.5 million…