Powell signals increased interest rate hikes if economy stays strong

Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.

Michigan tax relief bill signed into law by Whitmer; here's who benefits

The tax cuts means the state will forego hundreds of millions of dollars a year in revenue - in exchange, families and seniors will see thousands of dollars returned. See how much here.

Michigan Senate approves tax package without $180 'inflation relief' checks

Michigan Democrats failed to get enough Republican votes to secure the $180 rebate checks. Two other major changes to Michigan's tax policy did pass, however.

Supreme Court hears arguments about Biden's student loan forgiveness plan

The Biden administration says 26 million people have applied and 16 million have been approved to have up to $20,000 in federal student loans forgiven.

$2 bills from 1890 could be worth over $4,500: report

The value of collectible $2 bills varies by series year, distributor type, seal color and circulation status.

Rare doubled die error pennies sell for big bucks. Here's what they are, and how to find one

Coin collectors have been spending hundreds, thousands, and most recently, more than $1 million on a penny that was mistakenly stamped twice. Here's why the coins are valuable.

The average IRS tax refund so far this year is about $1,900

Taxpayers have until April 18 to submit their returns from 2022. The IRS says the fastest way to get your tax refund is through direct deposit.

Taylor Swift, Brad Pitt land on short list of highest paid entertainers of 2022

Taylor Swift took home $92 million last year, while Brad Pitt earned $100 million, according to Forbes. See who else made its top 10 highest-paid entertainers list.

IRS wants millions of Americans to delay filing taxes until further notice

The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last 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.