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Money

News related to money, savings and the economy.

IRS proposes new reporting program for workers who earn tips

IRS proposes new reporting program for workers who earn tips

Many service industry workers, like those in restaurants, rely on tips to supplement their hourly pay.

February 8, 2023 11:01am EST
What it will take for Michigan residents to get $180 'inflation relief' check, other tax breaks

What it will take for Michigan residents to get $180 'inflation relief' check, other tax breaks

Michigan could be sending $180 inflation relief checks to all tax payers - but it's going to take support from Republicans to make it happen.

February 6, 2023 4:43pm EST
Tax Season 2023: Here's how the Inflation Reduction Act might impact your refund this year

Tax Season 2023: Here's how the Inflation Reduction Act might impact your refund this year

The IRS received nearly $80 billion in funding under the Inflation Reduction Act and said it has already hired more than 5,000 new telephone assistors and added more in-person staff to help taxpayers with filing this year.

February 6, 2023 4:31pm EST
Whitmer, Michigan Democrats want to send $180 'inflation relief' checks to taxpayers

Whitmer, Michigan Democrats want to send $180 'inflation relief' checks to taxpayers

The plan is part of a three-pronged proposal that includes rollbacks to the retirement tax and boosting the earned income tax credit.

February 6, 2023 9:40am EST
'Inflation relief' checks: Gov. Whitmer to unveil plan that would send rebate checks to taxpayers

'Inflation relief' checks: Gov. Whitmer to unveil plan that would send rebate checks to taxpayers

Republicans want the governor to lower the income tax rate. But Democrats and the governor say they are eying rebate checks that would be sent to taxpayers instead.

February 6, 2023 6:39am EST
Powerball jackpot grows to $747 million after no winner

Powerball jackpot grows to $747 million after no winner

No one beat the odds and won the top Powerball prize Saturday night.

February 5, 2023 8:14am EST
Here are the winning numbers for Saturday’s Powerball drawing

Here are the winning numbers for Saturday’s Powerball drawing

The estimated $700 million Powerball jackpot is the 10th largest in U.S. lottery history.

February 4, 2023 11:01pm EST
Rocked by inflation, most don't share Biden Administration economic optimism

Rocked by inflation, most don't share Biden Administration economic optimism

"The price of everything is going up - and the economy not looking better even though we keep being told every day that the economy is great,” said shopper Kelly King.

February 3, 2023 6:59pm EST
Bed Bath & Beyond closing 87 additional stores. Here’s the list of locations

Bed Bath & Beyond closing 87 additional stores. Here’s the list of locations

The latest store closings are impacting the struggling retailer as it considers its options, including possibly filing for bankruptcy.

February 2, 2023 11:25am EST
Does Michigan owe you money or property? Here's how to check

Does Michigan owe you money or property? Here's how to check

The state of Michigan has millions of dollars in unclaimed property. Is any of it yours? Here's how you can check.

February 1, 2023 10:35am EST
Gas prices are starting to rise. Will relief come soon after?

Gas prices are starting to rise. Will relief come soon after?

According to AAA, the current average price for a gallon of regular gas stands at $3.50. Last week, the average price was $3.45.

January 31, 2023 1:28pm EST
Powerball jackpot jumps to $653M

Powerball jackpot jumps to $653M

The jackpot is worth $653M with a cash value of $350.3M.

January 31, 2023 1:12pm EST
3 headed to prison for stealing from Section 8 programs in Michigan

3 headed to prison for stealing from Section 8 programs in Michigan

Three family members of the former St. Clair Housing Commission executive director are headed to prison for stealing from Section 8 programs.

January 31, 2023 12:35pm EST
School bus driver wins $150,000 on $5 scratch-off and plans to pay off mortgage

School bus driver wins $150,000 on $5 scratch-off and plans to pay off mortgage

Paula Harris, a 59-year-old school bus driver in North Carolina, said she also hopes to use the winnings to help out her kids.

January 30, 2023 7:04am EST
Extra SNAP benefits that began due to COVID set to end next month in 32 states

Extra SNAP benefits that began due to COVID set to end next month in 32 states

Some 40 million Americans get help buying groceries each month through the federal food stamp program, called SNAP. Additional COVID funds are soon expiring for many.

January 27, 2023 12:05pm EST
Michigan minimum wage won't hit $13 as appeals court blocks ruling, says 2018 legislature's move was legal

Michigan minimum wage won't hit $13 as appeals court blocks ruling, says 2018 legislature's move was legal

In 2018, Michigan voters approved a plan to raise the state's minimum wage -- only to see it blocked by the GOP-led legislature. An appeals court has ruled that was legal in the state constitution.

January 26, 2023 1:30pm EST
U.S. economy showed solid growth, but slowdown expected in coming months

U.S. economy showed solid growth, but slowdown expected in coming months

The resilience of the U.S. job market has been a major surprise, but analysts say the good times for America’s workers aren’t likely to last.

January 26, 2023 12:11pm EST
Man accused of spending money mother stole from Veterans Affairs, Michigan Treasury pleads no contest

Man accused of spending money mother stole from Veterans Affairs, Michigan Treasury pleads no contest

A man accused of spending money that authorities say he knew his mother stole from Veterans Affairs and the Michigan Treasury pleaded no contest.

January 24, 2023 1:27pm EST
Major Social Security trust funds could be tapped out by 2033: CBO

Major Social Security trust funds could be tapped out by 2033: CBO

Social Security spending is trending upward as the proportion of Americans at or above retirement age has increased relative to the active workforce.

January 23, 2023 9:00am EST
Gold and silver boom predicted as US hits debt ceiling, dollar devalues

Gold and silver boom predicted as US hits debt ceiling, dollar devalues

Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.

January 23, 2023 7:45am EST
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'We lost everything': Detroit family of 17 homeless after fire tears through home

'We lost everything': Detroit family of 17 homeless after fire tears through home

Rural Michigan store is open Dec. 25. Their song 'Sellin Beer on Christmas' tells you why

Rural Michigan store is open Dec. 25. Their song 'Sellin Beer on Christmas' tells you why

'Like squishing a grape:' Man awarded $4M after suing Clinton Township officer who punched him

'Like squishing a grape:' Man awarded $4M after suing Clinton Township officer who punched him

Hyperbaric chamber explosion: No charging decision by judge in 5-year-old's death

Hyperbaric chamber explosion: No charging decision by judge in 5-year-old's death

'Pure evil:' Family of Warren man who was stabbed to death in barricade incident sound off

'Pure evil:' Family of Warren man who was stabbed to death in barricade incident sound off

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Macomb flooding mystery solved after crews discover sandbags beneath culvert

Sandbags walls behind horrible flooding in Macomb County, officials say

Luke Air Force Base lockdown lifted after reports of active shooter incident

Luke Air Force Base lockdown lifted

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

DTE gets approval for data center in Saline Township

DTE gets approval for data center in Saline Township

Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

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