The recent enactment of the Social Security Fairness Act represents a significant legislative shift impacting nearly 3 million individuals reliant on Social Security benefits. Signed into law by President Joe Biden, this act aims to rectify previous inequities in benefit distributions, particularly for those drawing pensions from public-sector jobs like education, law enforcement, and firefighting.
This year presents a unique opportunity for those yearning to venture abroad, as international flight prices have seen a notable decrease. Recent data from the flight analysis company Hopper reveals that long-haul flights are more budget-friendly compared to the previous year. Specifically, the average fare for trips from the U.S. to Asia has dropped by
On Thursday, AppLovin’s stock experienced a remarkable rise of 45%, reaching an impressive record of over $245 per share during midday trading. This spike reflects a robust 515% increase in the company’s stock value since the beginning of the year, making it the standout performer among tech corporations valued at over $5 billion, as noted
As we approach the end of the tax year, many individuals may overlook an essential requirement: the fourth-quarter estimated tax payment, due on January 15, 2024. Failing to meet this deadline could result in a world of financial trouble, as the Internal Revenue Service (IRS) warns against unexpected penalties and fees. These penalties can be
As Americans step into 2025, an unsettling trend emerges regarding credit card debt that raises critical questions about financial health and wellbeing. A recent report from Bankrate indicates that nearly half of all credit card users—48%—are now carrying debt that extends beyond the month, representing a notable increase from 44% at the beginning of 2024.
In a striking announcement made early January 2025, Roborock, the Chinese manufacturer known for its advanced robot vacuum cleaners, has revealed a new model aimed at revolutionizing home cleaning. Their latest offering, the Roborock Saros Z70, comes equipped with an innovative folding arm designed specifically for removing common household obstacles such as socks and small
The current trajectory of mortgage rates paints a concerning picture for potential homebuyers and those looking to refinance. Over the past month, rates have consistently climbed, marking a trend that has persisted for four consecutive weeks. This steady increase has directly influenced the already weakened demand for mortgage applications, with total volume experiencing a notable
With the revival of federal student loan payments in late 2023, borrowers are beginning to realize the impact on their financial situation, particularly concerning their tax obligations for the upcoming year. The student loan interest deduction allows eligible taxpayers to deduct up to $2,500 annually from the interest paid on their student loans, which can
Lucid Group has recently published its third-quarter financial results, showcasing a performance that slightly exceeded Wall Street’s anticipations. While there were small victories to celebrate, such as a narrower than expected loss per share and slightly elevated revenue, the shadow of significant financial losses looms large. The adjusted loss per share was recorded at 28
As we step into 2025, many employees might notice a slight increase in their take-home pay due to adjustments in the federal tax brackets established by the IRS. While this could seem like a boon for taxpayers, a deeper analysis reveals that the overall economic context may alter its significance. In October 2024, the IRS