IRS to pause accepting claims for COVID-era tax credit amid fraudulent claims

The tax credit, called the Employee Retention Credit, was created to help small businesses keep paying their employees during the pandemic if they were suspended from operating.

Map: Here's the minimum annual income required to be middle class in each state

Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.

Medicare Part D drug prices increase more than 200 percent on average: AARP

The average price of 25 prescription brand name drugs with the highest Medicare D spending increased by 226%, AARP reported. But provisions in the Inflation Reduction Act aim to lower the costs of Medicare coverage for retirees.

Here's how to lower your monthly student loan payments

There are many ways to lower student loan payments or get forgiveness. These include the Saving on A Valuable Education (SAVE) plan, income-driven repayment (IDR) plans, public service loan forgiveness (PSLF) and more.

Gen Zers credit card balances grow the fastest: TransUnion

Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.

Over 4 million student borrowers enroll in Biden’s SAVE forgiveness plan

The Department of Education said it had received nearly 4 million applications for a new income-driven repayment program since launching at the end of July.

Here is how you can avoid a tax refund shock next year

Next year’s tax refund shouldn’t be a shock to Americans if they take stock of their income taxes mid-year, according to Jackson Hewitt.

Back-to-school shopping expenses to reach record high: survey

Back-to-school spending in 2023 could reach a record high of more than $40 billion, largely due to demand in electronics, a survey reported. At the same time, Americans continue dealing with high inflation.

Americans consider using credit cards to afford student loan payments: survey

Many Americans who used the pause on student loan payments to reduce debt may now have to reverse course, according to a recent Empower survey.

These states will get a bigger slice of Biden's $39 billion student loan forgiveness pie

Borrowers in states with the highest borrowing rates are set to get the biggest share of Biden's student loan forgiveness under the new income-driven repayment plans.

Gas prices drop ahead of Labor Day weekend: AAA

The average price of gas dropped this week as oil prices follow a downward trend, according to AAA. Motorists may see some pressure at the pump as they get closer to Labor Day weekend.

Credit card users with the highest balances live in these states: survey

Subprime accounts made up a growing number of new accounts opened in the third quarter of 2022, according to a recent Scholaroo survey.

Can the Federal Reserve keep raising interest rates?

After a year of rising interest rates, the Federal Reserve is expected to change course at its next meeting.

Gen Xers face alarming retirement shortfall, study says

The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.

Gas prices fire up as summer draws to a close: AAA

The national average price for a gallon of gas increased this week despite a decrease in oil prices, AAA reported. But severe weather could have a major impact on gas prices in the weeks to come.

Which age group tips the worst? Survey reveals tipping frustrations

Most of us are just tired of tipping our servers and stylists, according to a new survey by Bankrate that found 66 percent of Americans take issue with the tipping culture in this country.