12 states qualify for the IRS Direct File pilot program: Is yours one of them?
On top of a new IRS tax filing system, an adjustment to the child tax credit may qualify families for higher credits.
Connecticut will be first state to cancel medical debt for all eligible residents
Connecticut Gov. Ned Lamont says the medical debt relief should go into effect by June.
U.S. heads toward slow recovery with 353,000 jobs added in January
Employment grew by 353,000 in January while unemployment stayed at 3.7%.
Gas prices increase in synch with oil costs and growing demand
A spike in demand as winter weather thawed and higher oil prices pushed gas prices up this week.
House approves Child Tax Credit expansion; here's what that means for you
The Child Tax Credit, in part, would boost the amount of credit as a tax refund, providing financial relief to millions of families.
How to see if you are owed money on Michigan Unclaimed Property Day
More than $2 million in unclaimed property, including cash, bonds, and more, is waiting to be claimed in Michigan.
2024 tax season: Free help available for low-income families in metro Detroit
If your household income is $64,000 or less, the Accounting Aid Society can prepare your taxes free of charge.
IRS launches its free-filing pilot program in 12 US states
With tax season kicking off Monday, the IRS is rolling out a new online option for filing your 2023 returns. Here's how it works.
IRS to start simplifying notices to taxpayers this year
The IRS on Tuesday announced that it will redesign and simplify the long and often complicated notices it sends to taxpayers every year.
'Loud budgeting' goes viral: What to know about this hot money trend
Members of Gen Z are shocked by high cost of everything — and are making some notable adjustments.
Michigan unclaimed money: How to check if you're owed cash, property
Michigan has millions of dollars in unclaimed money that is waiting for its owner to claim it. This money and property is from dormant bank accounts, uncashed checks, valuables left in safe deposit boxes, and stock certificates.
Biden cancels student loan debt for another 74K borrowers
Of the 74,000 borrowers approved for relief Friday, the administration said nearly 44,000 of them are teachers, nurses, firefighters and others with public service careers.
Just over 15 percent of home listings were considered affordable in 2023: Redfin
Just 15.5% of homes are considered affordable for everyday homebuyers, the lowest share on record.
The world could get its first trillionaire within 10 years
By contrast, Oxfam says nearly 5 billion people have been made poorer since the pandemic, with many of the world's developing nations unable to provide the financial support that richer nations could during lockdowns.
Major bank announces elimination of 20,000 jobs after losses
Citigroup announced a net loss of $1.8 billion in the fourth quarter.
Student loan forgiveness: Some Americans will get loans canceled in February — here's who qualifies
The Biden administration will start canceling student loans for some borrowers next month as part of a new repayment plan that's taking effect ahead of schedule. Here's who is eligible.
Thousands of Michigan workers owed $2.3 million in back pay; how to claim it
Thousands of Michigan workers are owed millions in back pay but do not know it.
Got student loan debt? Here’s how to get up to $2500 tax deduction
According to the IRS, you may be able to deduct a portion of student loan interest from your taxable income — up to $2,500. Find out if you qualify.
When will the IRS start accepting tax returns in 2024? When you can file, other things to know
Americans can soon begin filing their 2023 tax returns. Here are some changes to know as taxpayers begin the process.
Lower gas prices expected in 2024 and weather, geopolitics could play role
Analysts said growing oil production in the U.S., as well as greater inventories, could lead to prices falling by at least 15 cents through the year.