College decisions for high school seniors in 2024 have been significantly influenced by the amount and availability of financial aid. In a survey conducted by Ellucian and EMI Research Solutions, it was found that 76% of students considered financial aid as the most crucial factor in choosing a college. This surpasses the influence of parental
Personal
The U.S. Department of the Treasury and IRS have recently released final tax reporting rules for digital asset brokers, bringing about significant changes in the crypto landscape. These rules will require mandatory yearly reporting, which is set to phase in starting in 2026. Digital currency brokers will be mandated to cover gross proceeds from sales
The unemployment rate has remained below 4% for a record-breaking 30 months, but not everyone looking for a job has been able to secure employment. There is a group known as NEETs, which stands for “not in employment, education, or training,” who are choosing to opt out of the labor force due to discouragement from
The Biden administration’s student loan relief plan, known as the Saving on a Valuable Education (SAVE) plan, faced a legal challenge that resulted in a temporary block last week. However, in a recent ruling, the 10th Circuit U.S. Court of Appeals granted the administration’s request to resume a key provision of the plan as the
In recent years, the U.S. stock market has seen a significant increase in concentration, with just a handful of companies dominating the market. This growing trend has raised concerns among experts about the potential risks it poses to investors. For instance, the top 10 stocks in the S&P 500 accounted for 27% of the index
When it comes to planning for retirement, most individuals focus on the typical factors such as savings rate and total nest egg. However, one crucial element that often gets overlooked is life expectancy. The question of how long you will live impacts how much money you need to set aside for your retirement. Unfortunately, predicting
Recent developments in the U.S. legal system have cast a shadow of uncertainty over the future of wealth tax proposals targeting the ultra-rich. The Supreme Court’s ruling in Moore v. United States, which blocked a challenge to the “mandatory repatriation tax,” has raised concerns among experts regarding the feasibility of such tax measures. The case,
As the summer months approach, many people begin planning for their vacations. However, a concerning trend has emerged where more and more Americans are going into debt in order to fund their summer travel plans. According to a recent survey from Bankrate, 36% of Americans intend to take on debt to cover their vacation expenses.
The Federal marketplace has been a source of affordable health insurance for many individuals through the premium tax credit. However, without action from Congress, premiums could increase significantly after 2025. Gideon Lukens, from the Center on Budget and Policy Priorities, warns that if the benefits of the credit expire after 2025, virtually everyone will face
President Joe Biden and former President Donald Trump are gearing up for the first presidential debate of the 2024 general election. One of the key topics that experts believe will take center stage during this debate is tax policy. Both candidates will have the opportunity to showcase their stance on tax-related issues, particularly the Republicans’ expiring