Yuliya Taba | E+ | Getty Images The U.S. Department of Education is reevaluating account histories for borrowers pursuing Public Service Loan Forgiveness — in some cases, reducing the number of qualifying payments and pushing those individuals further away from debt cancellation. PSLF, which was created in 2007, wipes away the federal student debt of…
The U.S. Treasury Department issued proposed guidance on eligible Trump Account investments Thursday, establishing a framework for what products could qualify as additional investment options going forward. The new tax-deferred investing accounts for children, also known as 530A accounts, are designed to jump-start long-term savings. Under the proposed guidance, an eligible index must be designed primarily to…
Against a backdrop of persisting inflationary pressures, yields on longer-term bonds have been climbing, which experts say is likely to keep borrowing costs elevated — particularly for long-term fixed-rate loans such as mortgages. The yield on the U.S. 30-year Treasury bond hit 5.323% on Tuesday, a 19-year high, before edging down to just below 5.3%….
The Treasury Department and Internal Revenue Service proposed rules on Wednesday to restrict access to refundable tax credits for certain immigrants. Tax experts say the move would potentially disqualify hundreds of thousands, if not millions, of people — particularly lower earners — from the tax benefits and represents the latest move by the Trump administration…
Halbergman | E+ | Getty Images Workers who are eligible for a federal tax break related to their overtime pay may have an easier time claiming it for the 2026 tax year than they did on their 2025 returns. The IRS has updated its Frequently Asked Questions about the “no tax on overtime” deduction to…
With some colleges now charging more than $100,000 a year, cost is the single biggest barrier to entry for prospective students, recent studies show. But families don’t often pay the sticker price. In fact, students and their parents spent closer to $35,000, on average, on college costs — including tuition, fees, books, room and board,…
Sen. Bernie Sanders (I-VT) speaks during a rally in support of the Biden administration’s student debt relief plan in front of the U.S. Supreme Court on February 28, 2023 in Washington, DC. Drew Angerer | Getty Images Sen. Bernie Sanders, I-Vermont, is pitching a new bill to stop seniors from having money withheld from their…
Incumbent U.S. Rep. John Larson and his campaign staff wait for the results of the 1st Congressional District Democratic primary race, in East Hartford, Connecticut, Aug. 11, 2026. Connecticut Public Broadcasting | Getty Images News | Getty Images Lawmakers elected to Congress in 2026 are likely to be tasked with shoring up Social Security ahead…
Rep. Alexandria Ocasio-Cortez, D-N.Y., arrives to the U.S. Capitol for the last votes of the week on Friday, May 15, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images When Rep. Alexandria Ocasio-Cortez recently announced on social media that she was freezing her eggs, she called attention to the cost of the procedure. The…
U.S. dollar banknotes Jose Luis Gonzalez | Reuters Many investors are turning to short-term investments, particularly ultra-short bond funds, amid persistent concerns that the equity market is headed for an inevitable downturn and long-term bonds like the 10-year treasury are not providing the diversification benefits that they have provided within portfolios historically. Stock market returns…