The rising trend of college students creating elaborate dorm rooms, also known as “DormTok,” has led to an increased interest in dorm insurance among parents. According to House Beautiful, the stakes for dorm decor have never been higher, prompting parents to consider if they have the right insurance coverage to protect these purchases. Dorm insurance
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In a recent turn of events, the Biden administration’s ambitious plan for student loan forgiveness has hit a major roadblock. A temporary restraining order was issued by U.S. District Judge Randal Hall in response to a lawsuit brought by seven Republican-led states. These states, including Alabama, Arkansas, Florida, Georgia, Missouri, North Dakota, and Ohio, argued
Tax season can be a stressful time for many Americans, especially when it comes to the possibility of being audited by the IRS. While the IRS is still finalizing plans to avoid increased audits on taxpayers making less than $400,000, there are certain factors in your tax return that could still trigger scrutiny from the
Vice President Kamala Harris recently announced her proposal to increase the capital gains tax rate to 28% for households with an annual income exceeding $1 million. This new tax policy aimed at rewarding investment in American innovators, founders, and small businesses has stirred conversations among financial advisors who are providing guidance to those who might
In today’s digital age, coupons have evolved far beyond the traditional Sunday circulars. With the rise of online codes, browser extensions, and money-saving apps, consumers now have more options than ever to find significant discounts on their purchases. However, the quality of these deals can still vary depending on the day of the week. According
Vice President Kamala Harris has recently outlined her economic agenda, calling for higher taxes on wealthy Americans and corporations. At the heart of her proposal is a 25% minimum tax on total income, including “unrealized gains” exceeding $100 million. Despite her efforts to address income inequality, experts believe that her plan is unlikely to gain
Many younger retirees in the United States rely on Marketplace health insurance due to their ineligibility for Medicare before the age of 65. This option offers lower monthly premiums through 2025 thanks to boosted tax breaks. However, without proper planning, retirees can face a costly tax surprise, according to experts. Data from the Kaiser Family
As the labor market experiences cracks and challenges, it is often young adults who feel the impact first. According to a recent report from the Federal Reserve Bank of St. Louis, approximately 16% of 18- to 24-year-olds are neither employed nor enrolled in high school or college, earning them the label of “disconnected youth.” These
Despite the ongoing impacts of the pandemic, Americans are showing a strong enthusiasm for international travel. According to research from Bank of America, travel spending among American households has surpassed pre-pandemic levels, with a significant portion of this spending allocated towards vacations abroad. This trend is further supported by data indicating that about 17% of
As the Federal Reserve considers lowering interest rates, there is a divide among experts regarding the future of the U.S. economy. While some fear a recession, others believe in the possibility of a “soft landing.” For those nearing retirement, the stakes are high. A sudden market decline or recession could drastically impact their retirement savings