Chicago attorney Rachel Cohen owes more than $8,000 in federal income taxes — but has intentionally left that balance unpaid. “I’m not paying my federal income tax this year,” Cohen said in a widely viewed TikTok video from March 2 about her decision. The 31-year-old community organizer filed her federal tax return, which shows a…
Granger Wootz | Tetra Images | Getty Images The average tax refund is 10.8% higher so far this season, compared to about the same period in 2025, according to the latest IRS filing data. As of Mar. 13, the average refund amount for individual filers was $3,623, up from $3,271 about one year ago, the IRS reported on Friday….
U.S. Treasury Secretary Scott Bessent looks on as he speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. Abdul Saboor | Reuters The Trump administration announced on Thursday that it will task the U.S. Department of the Treasury with collecting on defaulted student loans. Currently,…
Photoalto/eric Audras | Photoalto Agency Rf Collections | Getty Images With the federal tax deadline less than one month away, tax refunds are higher on average compared to last year, but the change has been smaller than some early projections. In a January release, the White House said average tax refunds could increase “by $1,000 or…
A person holds a sign reading ‘Save Our Social Security’ in support of fair taxation near the U.S. Capitol in Washington, D.C. on April 10, 2025. Tax justice advocates attended a rally to speak out against President Trump’s tax cuts for the wealthy, and to urge members of Congress to intervene. Bryan Dozier | Afp…
Students walk on campus at Harvard University, in Cambridge, Massachusetts, U.S., Nov. 19, 2025. Reba Saldanha | Reuters This year, Harvard University once again secured the top spot of most desirable colleges, after being bested by Massachusetts Institute of Technology in 2025, according to a recent survey of college-bound students by The Princeton Review. Current college applicants…
Many Americans are feeling the financial pain following the expiration of enhanced federal subsidies for Affordable Care Act marketplace health insurance. About 1 in 10 people — 9% — who were enrolled in an ACA marketplace health plan last year are now uninsured following the lapse of enhanced subsidies that reduced their monthly premiums, according…
Amid geopolitical turmoil, the Federal Reserve held interest rates steady at the conclusion of its policy meeting on Wednesday. An energy shock and higher inflation expectations due to the war in Iran ruled out any possibility of an interest rate cut, analysts said. Since December, the federal funds rate has remained steady in a target range…
A job seeker waits to talk to a recruiter at a job fair Aug. 28, 2025, in Sunrise, Fla. Marta Lavandier | AP The U.S. unemployment insurance system is not prepared for a recession, experts say — with benefits in many states falling far short of workers’ wages. Currently, most states offer maximum benefits far…
A sign displays the prices of unleaded gasoline at a Chevron gas station in Palo Alto, California, US, on Tuesday, March 10, 2026. David Paul Morris | Bloomberg | Getty Images The war in Iran — and the accompanying spike in oil and gasoline prices — risks exacerbating the so-called K-shaped economy, economists said. The…