Ugur Karakoc | E+ | Getty Images The U.S. Department of the Treasury and IRS on Friday issued proposed regulations with more details about President Donald Trump‘s “no tax on tips” deduction. Enacted via Trump’s “big beautiful bill” in July, the provision allows certain workers to deduct up to $25,000 in “qualified tips” per year…
Travelism | E+ | Getty Images The Federal Reserve cut interest rates on Wednesday for the first time this year, providing some relief to consumers facing high borrowing costs on credit cards and other loans. Still, it can be a tough road ahead for many consumers, regardless of their income, as they strive to make…
California Attorney General Rob Bonta speaks at a press conference in February 2024. CNBC Nearly two dozen attorneys general, and a wide range of consumer groups and advocates, have registered their opposition to the Trump administration‘s proposed regulation that could narrow eligibility for a popular student loan forgiveness program for government and nonprofit workers. The…
American Federation of Teachers President Randi Weingarten speaks to the audience at the annual convention of the American Federation of Teachers Friday, July 13, 2018 at the David L. Lawrence Convention Center in Pittsburgh, Pennsylvania. Jeff Swensen | Getty Images The American Federation of Teachers filed a class action complaint earlier this month against the…
Miniseries | E+ | Getty Images Who benefits the most from rent reporting services Rent reporting services track a user’s rent payment history and report them to one or more of the three credit bureaus: Experian, Equifax and TransUnion. Sharing rent payment activity has shown to be beneficial for participants, especially those who are “credit…
Maskot | Maskot | Getty Images More drivers across the country are “underwater” or “upside down” on their auto loans — meaning they owe more money than the car is worth. That’s costing them when it comes time to buy a new car. About 26.6% of trade-ins toward new car purchases had negative equity in…
Passengers walk through the entrance of a TSA PreCheck in Terminal One at O’Hare International Airport in Chicago on Feb. 1, 2017. Armando L. Sanchez | Chicago Tribune | Getty Images Finding a cheap flight can at times feel as tough as scoring a decent snack on an airplane. But travel experts generally agree on…
Holiday decorations on display at a Costco in Princeton, N.J. Jessica Dickler | CNBC It’s barely the start of fall and yet, by some measures, the holiday season is in full swing. Seasonal décor items — including pre-lit Christmas trees, wreaths, wrapping paper and a popular nativity set — are already on display at my…
The White House is seen in Washington, D.C.on September 09, 2025. Yasin Ozturk | Anadolu | Getty Images The U.S. Department of Education may soon begin sharing information with students and families on “the benefits and risks” of federal student loans, the Trump administration recently announced. The department’s Office of the Ombudsman will take “a…
The average rate on the 30-year fixed mortgage notched its biggest one-day drop in more than a year on Friday. Although mortgage rates are now at their lowest level since October, the average rate for a 30-year, fixed-rate mortgage is still just around 6.29%, according to Mortgage News Daily — a big leap from the under…
