Americans falling behind on credit card payments. Here's why
New data from the Federal Reserve Bank in New York shows that an increasing number of Americans are falling behind on their credit card payments.
From financial infidelity to financial freedom
A new study found that 42% of couples have kept a financial secret from their partner. Brian Preston, host of The Money Guy Show, has tips on achieving financial freedom with your spouse.
Your tax refund could be bigger this year – here's why
Americans might get a fatter tax refund this year. Here's why.
Practical tips for lowering your bills
Consumer savings expert Andrea Woroch breaks down helpful tips for cutting the costs of your bills.
Illinois taxpayers face key changes as filing season enters second week
We're one week into tax filing season, and taxpayers are facing some key changes.
IRS tax changes for 2024, what to know
We are one week into the tax filing season, and whether you plan to file your tax return early or prefer to wait a while before filing, reviewing key tax changes that may affect your tax bill is essential.
Trump-era tax cuts poised to expire soon, meaning you could face steeper taxes
The expiration of the Tax Cuts and Jobs Act on Dec. 31, 2025, will essentially mean that many Americans will be forced to pay anywhere between 1% to 4% more in taxes unless certain provisions are extended or made permanent.
US home prices hit a new record high in November
US home prices rise again in November as inventory shortage persists
New way to file federal tax return for free
The IRS is offering a new option to filed your federal tax return for free this year. They are launching Direct File for eligible Americans.
IRS begins accepting tax returns starting today
Today marks the first day the IRS begins accepting and processing 2023 tax returns.
Tax season kicks off with some changes
It's officially tax season. The IRS has rolled out a few tweaks this year to account for higher-than-normal inflation last year.
Americans living paycheck to paycheck
More than half of Americans said they would not be able to afford a $1,000 emergency expense, according to a recent survey. Economic analyst Mark Hamrick has some tips on how to build up an emergency savings account.
IRS launches its free-filing pilot program in 12 US states
With tax season kicking off Monday, the IRS is rolling out a new online option for filing your 2023 returns. Here's how it works.
Most Americans cannot afford a $1K emergency expense
Thirty-five percent of adults surveyed said they'd have to borrow money if they had a $1,000 unexpected expense.
Study: Gen Z, millennials are ‘obsessed’ with idea of being rich
The study found that nearly 60% of millennials said they feel behind financially, likely contributing to feelings of financial inadequacy.
Biden cancels another $5 billion in student loan forgiveness – Here's who is impacted
The Biden Administration announced an additional $5 billion in student loan forgiveness that impacts borrowers using the income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF) plans.
Illinois tax season 2024: Here's when the state, IRS will send out refunds
Here's everything Illinois residents need to know about this year's tax season.
When will the IRS send out tax refunds
The IRS says most taxpayers should expect their refund within 21 days of filing but it could take longer for some.
Social Security is coming for a bigger chunk of your paycheck
The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.
Auto insurance on the rise in Illinois
Illinois auto insurance rates increased by more than $1 billion last year, according to a report by PIRG. Director of PIRG Abe Scarr says it's not just Illinois feeling the hit, rates went up across the country.