Maskot | Maskot | Getty Images Efforts in Congress to create a federal “click to cancel” rule — intended to make canceling subscriptions as easy as it is to sign up for them — have ramped up. A bipartisan House bill called the Unsubscribe Act was introduced in mid-January as a companion to a Senate…
The Good Brigade | Digitalvision | Getty Images President Donald Trump last week took exception to a proposal backed by one of his economic advisors to let Americans tap their 401(k) savings for home downpayments — an idea that many financial advisors also oppose. “I’m not a huge fan. Other people like it,” Trump told…
Fcafotodigital | E+ | Getty Images The IRS kicked off the 2026 tax season on Monday, and filers will see changes from President Donald Trump‘s “big beautiful bill” that could impact their 2025 returns. About 164 million individual tax returns are expected before the April 15 deadline, and many could receive bigger tax refunds after…
Despite escalating political pressure from President Donald Trump, the Federal Reserve is expected to hold interest rates steady at its policy meeting this week. Amid a somewhat softening labor market, inflation pressures and an uncertain geopolitical landscape, futures market pricing is implying almost no chance of a rate cut, according to the CME Group’s FedWatch gauge. The Fed’s pause…
People affiliated with the 50501 movement march through downtown Detroit, Michigan on Saturday, April 19, 2025 Dominic Gwinn | Afp | Getty Images There’s a push to end taxes on Social Security benefits to help retirees keep more money in their pockets. That includes not only federal levies that may apply to that income, but also state…
President Donald Trump reiterated last week his call to temporarily limit credit card interest rates. But experts say consumers already have a powerful way to get better rates — improve their credit score. “I’m asking Congress to cap credit card interest rates at 10% for one year, and this will help millions of Americans save…
Stefanikolic | E+ | Getty Images As tax season opens Monday, families with minor children have the option to register for Trump accounts — plus a one-time federal government contribution — when filing 2025 returns. Enacted via President Donald Trump‘s “big beautiful bill,” Trump accounts were designed to start early wealth building with a one-time…
Soon, parents and guardians can open a Trump account for their children — and a number of large employers are piling on the incentives to get set up. For starters, babies born in 2025 through 2028 may receive a one-time $1,000 contribution from the Department of the Treasury. There are no income requirements, and all U.S. families are…
Fiordaliso | Moment | Getty Images Over the last few years, Emma Kobil, a trauma counselor in Denver, started noticing a new topic coming up with her patients: artificial intelligence. “I’ve had clients lose their jobs due to AI, and it’s something we’ve processed in our sessions,” Kobil said. Often, they express “shock, disbelief and…
A massive winter storm is threatening to wreak havoc across the U.S. in the days ahead — and potentially take a financial toll on households in its path. The National Weather Service said Friday that it expects a “significant, long-duration winter storm” to bring heavy snow, sleet and freezing rain to broad swath of the U.S.,…