personal finance

Democrats’ sweeping reconciliation package is poised to include a bipartisan initiative to prevent abuses of a tax deduction that promotes conservation.

Figuring out how to make the right financial moves can feel daunting.

Some 60% of women said they were concerned that they wouldn’t be able to achieve a financially secure retirement, compared with 51% of men.

House Democrats are calling for a 25% top federal tax rate on capital gains. Biden’s plan called for a 39.6% rate on the top 0.3% of households.

Taking a break can be good for your mental health, but it’s also not a step most people can easily take without some serious financial planning.

House Democrats have proposed a tax hike on tobacco and nicotine to help fund their $3.5 trillion plan. The measure may violate Biden’s pledge, experts say.

Winners of big jackpots face a few important decisions that should be handled before heading to lottery headquarters to claim their windfall.

The younger investors are, the earlier they hope to retire, according to a survey. But that can be easier said than done.

As part of the $3.5 trillion federal budget plan, House Democrats proposed several measures that would reward those saving for retirement.

Many people are reevaluating their jobs and the impact of stress and isolation. Employers are now turning their attention to addressing mental health at work.

If Hispanics and Latinos were fully and equitably included in the U.S. economy, gains for the broader society could be tremendous, writes a Fed researcher.

If you’re having trouble saving each month, it may make sense to treat your savings like a bill that needs to be paid. Here’s how to do it.

You don’t have to be Britney Spears to get a prenup. Lots of couples can benefit from hashing out some financial matters before getting married.

House Democrats say they will propose a bill with “meaningful” relief from the cap on state and local tax deductions, known as SALT.

The average tax rate for households with $1 million or more in income would rise to 37.3% from 30.2% in 2023, according to the Joint Committee on Taxation.

Some wealthy individuals and corporations would pay higher taxes under proposed changes from House Democrats.

You can use your current salary to get an easy estimate of how much you should have saved for retirement. Here’s a guide, broken down by current age.

About 78% of Hispanic families received stimulus payments over the last year and a half, compared with 96% of white respondents, according to a recent survey.

The supplemental poverty measure, which includes government assistance to low-income individuals, declined to 9.1% in 2020 from 11.8% in 2019.

House Democrats have called for making the expansion of the earned income tax credit permanent, providing a boost to 17 million Americans, policy experts say.