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Author: Elisabeth Buchwald, USA TODAY

Money

Struggling to pay bills, more Americans turn to credit cards and loans

April 21, 2022Elisabeth Buchwald, USA TODAYComments Off on Struggling to pay bills, more Americans turn to credit cards and loans

Americans who are having the toughest time affording everyday expenses are increasingly turning to credit cards and taking out loans

News

Is there a penalty for filing taxes late when you have a refund?

April 15, 2022April 18, 2022Elisabeth Buchwald, USA TODAYComments Off on Is there a penalty for filing taxes late when you have a refund?

Taxes 2022: If you don’t file your taxes by April 18 you could have to pay a late penalty. But you could avoid some of it if you file an extension

Money

2022 taxes: Refunds are higher thanks to economic stimulus checks, Child Tax Credit

April 13, 2022April 15, 2022Elisabeth Buchwald, USA TODAYComments Off on 2022 taxes: Refunds are higher thanks to economic stimulus checks, Child Tax Credit

Enhanced Child Tax Credit payments may be boosting your tax refund this year. Also be sure to check if you got a third stimulus check

Money

Your tax refund is likely higher than last year. Should you invest it?

April 12, 2022April 14, 2022Elisabeth Buchwald, USA TODAYComments Off on Your tax refund is likely higher than last year. Should you invest it?

If you invest your tax refund and need the money, you could have to pay a capital gains tax. Whereas if you save it, can access it tax free

Money

Use your tax refund or save it? Tax refunds are delayed but plan now to invest or splurge.

April 7, 2022April 8, 2022Elisabeth Buchwald, USA TODAYComments Off on Use your tax refund or save it? Tax refunds are delayed but plan now to invest or splurge.

Waiting on your tax refund? Experts say make a plan now. Consider paying off debt, contributing to an IRA, emergency savings or changing W-4 form.

Money

Is the U.S. headed for a recession? This Wall Street bank thinks so.

April 6, 2022April 8, 2022Elisabeth Buchwald, USA TODAYComments Off on Is the U.S. headed for a recession? This Wall Street bank thinks so.

The Federal Reserve is prepared to raise interest rates by 50 basis points. And that will trigger a downturn, according to Deutsche Bank.

Money

Self-employed tax deductions: You may qualify for tax write-offs for starting a business

April 4, 2022April 4, 2022Elisabeth Buchwald, USA TODAYComments Off on Self-employed tax deductions: You may qualify for tax write-offs for starting a business

Self-employment tax rates are higher than employee rates but you can deduct health insurance costs and other business expenses from your taxes

Money

What Citi’s abortion policy means for companies as Supreme Court considers tighter restrictions

March 24, 2022March 24, 2022Elisabeth Buchwald, USA TODAYComments Off on What Citi’s abortion policy means for companies as Supreme Court considers tighter restrictions

Citi is the first major bank to announce it is covering the cost associated with getting an abortion outside states like Texas with restrictive laws.

Money

How to survive inflation and save money for a car, home and other big purchases

March 18, 2022March 18, 2022Elisabeth Buchwald, USA TODAYComments Off on How to survive inflation and save money for a car, home and other big purchases

If you work on improving your credit score you could save money on a loan

Money

What happens to the stock market when the Fed raises interest rates?

March 16, 2022March 17, 2022Elisabeth Buchwald, USA TODAYComments Off on What happens to the stock market when the Fed raises interest rates?

The Fed says its hiking interest rates six more times this year. Stocks tend to do well when rates increase, but war in Ukraine poses major risks

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PCE inflation report: Key measure ticks higher in July. What will the Fed do?

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