In a year filled with challenges for college applicants, the significance of financial aid in the decision-making process cannot be overstated. The amount of financial aid offered and the distribution among grants, scholarships, work-study opportunities, and student loans have always been key factors in selecting a college. However, in 2024, the issues with the new
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The unemployment rate has been relatively low, sitting at or below 4% for an extended period. However, this does not mean that everyone who desires a job has been able to secure one. A segment of individuals known as “NEETs” (not in employment, education, or training) have opted out of the labor force due to
The U.S. Department of the Treasury and IRS recently unveiled final tax reporting rules for digital asset brokers, marking a significant development in the world of cryptocurrency taxation. With mandatory reporting scheduled to be phased in starting in 2026, crypto investors are facing a limited timeframe to prepare for these changes. Under the new regulations,
Recently, a federal appeals court made a significant decision regarding President Joe Biden’s student loan relief plan. The 10th Circuit U.S. Court of Appeals granted the Biden administration’s request to stay an order that had temporarily blocked a provision of the Saving on a Valuable Education (SAVE) plan. This ruling has been seen as a
In recent years, the U.S. stock market has seen a significant shift towards concentration, with just a handful of companies dominating the market. According to a recent analysis by Morgan Stanley, the top 10 stocks in the S&P 500 accounted for 27% of the index at the end of 2023, nearly double the 14% share
When it comes to planning for retirement, financial experts often stress the importance of monitoring savings rates and the total nest egg. However, one crucial factor that often gets overlooked is life expectancy. While estimating how long you will live is uncertain and uncomfortable, it plays a significant role in determining how much money you
Lawmakers have been showing an increasing interest in implementing taxes targeted at the ultra-rich. However, a recent Supreme Court ruling has raised concerns about the future of such wealth tax proposals. In the case of Moore v. United States, the Supreme Court upheld the “mandatory repatriation tax,” a one-time tax on certain foreign investments established
Many Americans find themselves struggling with summer travel expenses long after the summer months have passed. According to a recent survey by Bankrate, 36% of Americans plan to take on debt in order to fund their summer vacations. This trend is particularly prevalent among Millennials (47%) and Gen Zs (42%), showing that younger generations are
As of now, individuals who purchase health insurance through the federal marketplace benefit from the premium tax credits, which help make their insurance more affordable. These credits can be used to lower premiums upfront or claimed as a tax break when filing taxes. The American Rescue Plan Act temporarily enhanced this credit during the COVID-19
As President Joe Biden and former President Donald Trump prepare to face off in the first presidential debate of the 2024 general election, one of the key issues that will be discussed is tax policy. Experts believe that this debate will provide insight into where the presumptive nominees stand on crucial tax matters, particularly the