Top tips to get that tax refund as soon as possible
Believe it or not, it's already time to get your tax paperwork in order. It's officially tax season. Nobody really looks forward to this time of year because it can be stressful. Geoff Harlow, a CPA with the Illinois CPA Society, joined Good Day Chicago to offer some of his tips.
5 surprising ways you can save money
Consumer savings expert Andrea Woroch dishes out several unconventional ways that you can ease the stress on your bank account.
Best place to retire? This state just beat Florida, according to a new study
WalletHub compared the 50 states across 47 key indicators of retirement-friendliness including affordability, health-related factors and overall quality of life.
Tax filing season is underway - what to know
Start getting your W-2 forms ready because tax filing season officially began on Monday.
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.
Tax filing season starts Monday: What you need to know
The IRS says taxpayers should expect a smoother filing season this year.
Why your tax refund this year could be lower than 2022's
Dan Roccato, financial professor at the University of San Diego, talks about what tax filers can expect from their refunds this year.
Today’s 20-year mortgage rates continue to offer best money-saving opportunity | Jan. 19, 2023
Check out the mortgage rates for Jan. 19, 2023, which are largely unchanged from yesterday.
$47M in Cook County property tax refunds to be issued automatically
More than $47 million in property tax refunds will be sent over the next few months to more than 53,000 Cook County homeowners who overpaid last year.
IRS ends COVID-19 tax credits: Here's what you need to know before filing in 2023
Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit. Filers will get $1,600 less in credit for 2022 for each qualifying child under age 17.
Here's when you can start filing your 2022 tax return
Tax filing begins on Jan. 23, and the deadline to submit last year's tax returns, file extensions, and pay money owed falls on April 18.
Tips for buying a car without breaking the bank
Dan Roccato, financial professor at the University of San Diego, walks us through the car-buying process in 2023 and common pitfalls to avoid.
Biden proposes new student loan repayment plan: Here’s how much borrowers will save
The Department of Education's new student loan repayment plan would offer $0 monthly payments for any individual borrower who makes less than roughly $30,600 annually and any borrower in a family of four who makes less than about $62,400.
How to go about building wealth in 2023
Personal finance expert Rachel Cruze dishes out tips on how you can start accumulating wealth in the New Year.
Secure 2.0 Act helps savers nearing retirement boost catch-up contributions
The Secure 2.0 Act of 2022 – a follow-up to the 2019 Secure Act – allows for an increase in "catch-up" contributions for people nearing retirement.
Credit card debt carried over monthly is most common type of debt: AARP
Credit card debt is affecting many Americans as they deal with high inflation, and many are carrying their balances from month-to-month. Here’s how to pay down credit card debt quickly.
Secure 2.0 Act will require companies to auto enroll workers into 401(k) plans
Companies that offer 401(k) plans will be required to automatically enroll their employees beginning in 2025.
5 quick cures for overcoming your holiday debt hangover
Money-saving expert Andrea Woroch dishes out advice for fighting off some of that holiday debt that has accumulated over the past few months.
New year brings new rules for retirement accounts: Here's what you need to know
Dan Roccato, financial professor at the University of San Diego, breaks down the new retirement account rules going into effect this year and why you should be extra careful with your finances.
New IRS tax brackets take effect in 2023, meaning your paycheck could be bigger
Tax brackets are to shift higher by 7% this year.