Personal finance

Getty Images The enhanced child tax credit captured America’s attention this summer as millions of families began receiving payments. But Congress also boosted a lesser-known write-off this year for working families: the child and dependent care tax credit. Often conflated with the child tax credit, the child and dependent care tax credit offers working parents
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Education Secretary nominee Miguel Cardona testifies before the Senate Health, Education, Labor and Pensions committee during his confirmation hearing on Capitol Hill Washington, DC., February 3, 2021. Susan Walsh | Pool | Reuters The U.S. Department of Education announced on Thursday it will cancel $5.8 billion in student debt for more than 320,000 borrowers. The
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Image Source | Getty Images Many Americans have trouble covering their costs of living with income solely from Social Security. Now, a bill has been reintroduced in Congress aimed at reducing the risk that older Americans, women and people of color will live in poverty despite receiving their monthly checks. The proposal, called the Social
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Brothers91 | E+ | Getty Images About 36 million American families have received a second batch of monthly child tax credit payments worth about $15 billion. Yet a survey from personal finance website MagnifyMoney finds that many Americans are still confused about how the payments work. Those who were most likely to lack clarity were
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People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, on April 15, 2021. Amira Karaoud | Reuters In just a few weeks, enhanced federal unemployment insurance put in place during the coronavirus pandemic will end as the delta variant continues to threaten the economic recovery. Some 7.5 million Americans
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Thailand, now in the top five destinations customers of travel insurer Seven Corners are booking, requires visitors be insured for Covid treatment. Saowakhon Brown | Moment | Getty Images The ever-evolving Covid-19 pandemic is reshaping where Americans spend their travel dollars and how they protect that investment. That’s according to the latest findings from travel
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EmirMemedovski Workers may soon get a better sense of how much income their retirement savings really will deliver later in life. As mandated in the 2019 Secure Act, 401(k) plan sponsors are preparing to provide illustrations on quarterly or annual statements showing an estimate of how much guaranteed lifetime income — via an annuity —
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