How a U.S.-Iran war could 'immediately' impact gas prices at the pump, according to experts
Higher oil prices will cause an almost immediate jump in gasoline prices, as well, experts say. Source link
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More low- and middle-income Americans are investing: report
Skaman306 | Moment | Getty Images Even as many consumers feel stretched to cover rising daily costs, more low- and moderate-income individuals have turned to investing, according to a new report. Since 2020, the number of low- and moderate-income investors has increased by 2.7 times, or 167%, according to new research from the BlackRock Foundation, the private…
Judge dismisses Trump officials’ bid to end SAVE plan
A sign marks the entrance to the U.S. Department of Education headquarters building on June 20, 2025, in Washington, DC. J. David Ake | Getty Images News | Getty Images A federal judge on Friday dismissed the Trump administration’s request to eliminate a student loan repayment plan that lowered monthly bills for millions of borrowers….
Average IRS tax refund is up 10.2%, based on early filing data
Andreypopov | Istock | Getty Images The average tax refund is 10.2% higher so far this season, compared to about the same period in 2025, according to the latest IRS filing data. The year-over-year percentage change is down from the 14.2% increase reported last week. As of Feb. 20, the average refund amount for individual filers was…
Here’s the earned income tax credit eligibility for 2025 returns
Momo Productions | Digitalvision | Getty Images The earned income tax credit, or EITC, is a tax break for low- to moderate-income workers, which increases based on family size. It’s a fully refundable credit, which means certain filers can receive the full amount, even with zero taxes owed. For tax year 2025, the maximum credit…
What to do after a sudden job loss
Marco Bello | AFP | Getty Images Fintech company Block announced Thursday it was laying off about half its workforce, adding more than 4,000 workers to the unemployment ranks overnight. When a significant share of a company’s workers face a sudden job loss, that can trigger a number of unique financial and career challenges, experts say….
Trump said tariffs could ‘substantially replace’ income taxes
U.S. President Donald J. Trump delivers the first State of the Union address of his second term to a joint session of Congress in the House Chamber of the United States Capitol in Washington, D.C., U.S.,on Tuesday, Feb. 24, 2026. Kenny Holston | The New York Times | Via Reuters Amid tariff uncertainty, President Donald Trump…
Student loan borrowers to get checks from Navient settlement
Some student loan borrowers can soon expect a check in the mail, more than a year after the Consumer Financial Protection Bureau reached a $120 million settlement with former federal servicer Navient. The CFPB said Navient steered student loan borrowers away from affordable repayment plans and into expensive forbearances, causing many to pay steep interest…
Trump said beef, egg, chicken prices are falling: What the data shows
U.S. President Donald Trump delivers the State of the Union address on Feb. 24, 2026, in Washington, D.C. Kenny Holston-Pool/Getty Images President Donald Trump said in his State of the Union speech Tuesday night that his administration’s policies were “rapidly ending” high prices for certain foods, including proteins in the U.S. diet, like beef, chicken…
Trump accounts are not ‘tax-free,’ as the president said
In his State of the Union address, President Donald Trump described soon-to-launch Trump accounts as “tax-free investment accounts for every American child.” “This is something that’s so special, has taken off and gone through the roof,” Trump said in the annual speech before Congress. The accounts, created under Trump’s “big beautiful bill,” function largely like a traditional…