As the trend of elaborate dorm room designs continues to grow among college students, the need for dorm insurance has become a topic of discussion. Dorm insurance is essentially a personal property insurance designed for college students residing on campus. This type of insurance typically covers accidental and water damage and can cost up to
Personal
Recently, there has been a significant legal challenge to President Biden’s proposed plan for student loan forgiveness. Despite the promising news earlier this summer that debt relief was on the horizon for millions of federal student loan borrowers, a Republican-led lawsuit has managed to temporarily block the relief. U.S. District Judge Randal Hall in Augusta,
The IRS is still grappling with how to prevent increased audits on taxpayers earning less than $400,000. Despite this, certain aspects of your tax return can attract scrutiny, regardless of income. Experts caution that individuals should be aware of potential red flags that could prompt an audit. Although the IRS is concentrating its enforcement efforts
Vice President Kamala Harris has recently proposed an increase in the capital gains tax rate, specifically targeting households with an annual income of over $1 million. The suggested rate of 28% on long-term capital gains assets owned for more than a year is a significant jump from the current 20% rate applicable to top earners.
Gone are the days when coupons were only found in Sunday circulars. In today’s digital age, consumers have a plethora of options to save money, from online codes to browser extensions and money-saving apps. According to a recent study by SimplyCodes, Friday emerges as the best day for consumers to save money while shopping online.
Vice President Kamala Harris has recently outlined her economic agenda, which includes higher taxes on wealthy Americans and corporations. She has endorsed President Joe Biden’s proposed tax increases in his fiscal year 2025 budget, specifically supporting a 25% minimum tax on total income exceeding $100 million. This proposal, known as the billionaire minimum tax, aims
As the eligibility for Medicare begins at age 65 for most Americans, many younger retirees turn to Marketplace health insurance for coverage. This option provides lower monthly premiums until the end of 2025, thanks to enhanced tax breaks. The data from the Kaiser Family Foundation shows a significant increase in Marketplace coverage among Americans aged
In recent years, the labor market has shown signs of strain, with young adults bearing the brunt of the impact. A worrying 16% of 18- to 24-year-olds are currently not employed and not enrolled in high school or college, leading to a categorization as “disconnected youth.” These individuals, also known as NEETs, are choosing to
Recent research from the Bank of America indicates that travel spending among American households continues to surpass pre-pandemic levels. This trend is largely fueled by a surge in international trips, according to economists Taylor Bowley and Joe Wadford. They highlight that vacationing abroad is a key driver of the current travel momentum. Despite a slight
The Federal Reserve’s decision to cut interest rates has left experts in a state of uncertainty regarding the future of the U.S. economy. The possibility of a recession looms over the horizon, causing concern among individuals, especially those nearing retirement. The risk of facing a sudden market decline poses a threat to the retirement nest