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☆ At 100 and 96, this couple is getting married: What they say is key to their love and longevity
▼ + stars: | 2024-03-25 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

Harold Terens, 100, and Jeanne Swerlin, 96, met nearly three years ago and are getting married in June. Falling in love is a timeless act, and for Harold Terens, 100, and Jeanne Swerlin, 96, who are smitten with each other, love is an elixir of youth that keeps them both going. Terens and Swerlin love to travel together, but their favorite pastime is simply spending time together in their homes. Courtesy of Harold Terens and Jeanne Swerlin. Harold Terens, 100

Persons: Harold Terens, Jeanne Swerlin, it's, Romeo, Juliet, Jeannie, Terens, Caroline, Whitney, Swerlin, Sol Katz, Harold, Thelma Organizations: CNBC Locations: France, Paris

☆ How to make high interest rates work for your hard-earned savings
▼ + stars: | 2024-03-20 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

However, that won’t happen if you just let it sit in a traditional checking or savings account that yields next to nothing. High-yield online savings accountsThe average annual percentage yield on bank savings accounts was just 0.52% as of March 13, according to Bankrate. As with any bank savings rate, high-yield savings account rates can change overnight, and the bank may not alert you when it lowers it. But don’t confuse money market accounts with money market mutual funds, which invest in short-term, low-risk debt instruments. Unlike money market deposit accounts, money market mutual funds are not insured by the FDIC.

Persons: ”, Ted Rossman, ” Rossman, Ken Tumin, Schwab, you’d, Tumin, Doug Ornstein, Andy Smith, Ornstein, doesn’t, ” Smith Organizations: New York CNN, Bankrate, JPMorgan Chase, Bank of America, Fidelity, TIAA Wealth Management, FDIC, Securities Investor Protection Corp, Edelman, AAA Locations: New York, Wells Fargo, United States

☆ The average Wall Street bonus dipped 2% last year, to $176,500
▼ + stars: | 2024-03-19 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

New York CNN —Last year wasn’t the most lucrative for Wall Street bankers, but their bonus payouts still easily trounced US median household income. The average Wall Street bonus for 2023 was $176,500, according to estimates that will be released Tuesday morning by New York State Comptroller Thomas DiNapoli. Wall Street earnings last year were mixed, and merger and acquisition activity was underwhelming. Nevertheless, a little perspective: The average Wall Street bonus, which comes on top of the nearly half-a-million-dollar average Wall Street salary, was itself almost 2.5 times higher than the median US household income of $74,580, according to Census data for 2022. Beyond bringing in tax revenue for government coffers, Wall Street workers contribute substantially to the local Gotham economy.

Persons: Thomas DiNapoli, ” DiNapoli, DiNapoli Organizations: New, New York CNN, Wall Street, New York, Wall Locations: New York, New York State, New York City, Gotham

☆ The average tax refund is over $3,000. Here are 7 ways to put it to good use
▼ + stars: | 2024-03-15 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

New York CNN —The average federal tax refund is more than $3,000, according to the latest data from the IRS. … They don’t understand how much interest they’re paying,” Russ said. Create or add to an emergency fundYou can use your refund to start or bolster an emergency fund. If you have high-rate debt and you’re lacking emergency savings, Russ suggested you might use a portion of your refund to attack your debt and the other portion to create an emergency fund. If you need the money within three years, you might consider putting your refund in certificates of deposits and US Treasury bonds.

Persons: you’re, ”, Eric Bronnenkant, Keyana Russ, ” Russ, Russ, Bronnenkant, Roth, Bronnenkant, Charles Schwab, ” Bronnenkant Organizations: New, New York CNN, Ponds Financial, Invest, Roth IRA, Treasury Locations: New York, Ponds

☆ March 12 marks Equal Pay Day this year
▼ + stars: | 2024-03-12 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —March 12 marks Equal Pay Day in the United States, a symbolic date representing the number of days women have to work into the current year just to make the same amount of money men made in the prior one. In dollars and cents, for every dollar a man earns, a woman is paid 84 cents, according to the National Committee on Pay Equity and the Equal Pay Today campaign. If part-time workers and those not employed year-round are included, the gender pay gap is worse, at 78 cents on the dollar, said Deborah Vagins, national campaign director of Equal Rights Advocates and director of Equal Pay Today. The gender pay gap is typically widest when comparing the earnings of White men to Black, Hispanic or Native American women. Equal pay for equal work has been the law of the land for more than a half-century, yet women still cannot get fair treatment when it comes to employment and earnings.

Persons: Deborah Vagins, ”, Jamila Taylor, Vagins Organizations: New, New York CNN, National Committee, Pay Equity, Institute for Women’s, Research Locations: New York, United States

☆ Inexpensive ways to access emergency funds
▼ + stars: | 2024-03-11 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

And while surveys indicate that there are plenty of people in just such a situation, there are some inexpensive and safe ways to access emergency funds. putting it on a credit card but paying that bill in full when it comes due). An earlier survey by Bankrate, meanwhile, found that two-thirds of US adults worried they don’t have enough emergency savings to cover them if they lost their primary source of income. Her bills were piling up and she had already accrued high credit card balances from her years in school. To make the next emergency expense less stressful and costly, you can build emergency savings with small amounts consistently over time.

Persons: Bankrate.com, Bankrate, Noah Damsky, ”, Marcel Miu, ” Miu, Daisy Martini, she’d, Rodney Williams, Martini, “, Damsky, Linda Grizely Organizations: New, New York CNN, Federal Reserve, Marina Wealth Advisors, New York City’s Department of Education, Financial Locations: New York, New

☆ For those without college degrees, more paths are opening to better-paying jobs
▼ + stars: | 2024-03-08 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

New York CNN —For decades, not having a college degree has often been a barrier for workers seeking a higher-level, better-paying job. That means the lack of college degrees can’t be ignored, since Blacks and Hispanics are least likely to have a bachelor’s degree. “[D]espite the limited progress to date, our analysis shows that, for those who embrace it, skills-based hiring … yields tangible, measurable value. Skills-based hiring boosts retention among non-degreed workers hired into roles that formerly asked for degrees,” they said. The tool is aimed at lower-wage workers without college degrees.

Persons: Joe Biden, Ken Frazier, ”, George Floyd’s, Frazier, Debbie Dyson, Keith Wardrip Organizations: New, New York CNN, Census Bureau, ”, Merck, Blacks, MIT, Accenture, Yum ! Brands, Harvard Business School, Glass Institute, Directionally, Federal, Occupational Mobility, Philadelphia Fed, Federal Reserve Bank of Philadelphia Locations: New York, America, workforces, Philadelphia, Cleveland, Cincinnati

New York CNN —Donald Trump is facing a cash crunch as deadlines are quickly approaching to find over half a billion dollars he owes in judgments. The scramble over the past week reveals challenges Trump is facing in raising the combined judgments totaling $537 million. It’s unclear how much cash Trump has on hand. Trump offered to post a $100 million bond to cover the New York attorney general’s case, but the appeals court judge rejected it. The sheer size of the judgments raises practical questions about how the Trump could feasibly come up with the cash.

Persons: Donald Trump, Trump’s, Jean Carroll, Trump, hawking, Chip Somodevilla, ”, Adam Kaufmann, Carroll, —, general’s, feasibly, –, CNN’s, Greg Garrabrants, ” Kaufmann, Jeremy Saland, “, Barbara Jones, Jones, David Shick, Shick Organizations: New, New York CNN, Trump, White House, Vornado, Deutsche Bank, Signature Bank, Capitol, Axos Bank, Lawyers, Trump Organization, Fidelity Association of America, ProSure, Underwriters Locations: New York, York, California

☆ It’s leap day, an extra workday. Here’s what that means for your paycheck.
▼ + stars: | 2024-02-29 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +2 min

Except this year — and every fourth year, for those keeping score — there are actually 366 days, thanks to the extra day in February because it’s a leap year. So does that mean you’ll be paid more for the extra day? Sure, technically, it may be an extra day of work that won’t be specially reflected in your paycheck. You’re paid an annual salary for a full year. Or, if you’re not loving the fact that you have an extra day of work this month, why not put in for an additional paid day off to make yourself feel better.

Persons: you’re, it’s, You’re, doesn’t, ”, Ashley Herd, “ Organizations: New, New York CNN Locations: New York

☆ Premarket stocks: Revolution or market bubble? Investors weigh the AI boom
▼ + stars: | 2024-02-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —What’s the difference between a revolution and a market bubble? Thanks to strong performances in stocks and bonds in 2023, coupled with steady savings rates and employer-provided matching contributions, 401(k) investors ended 2023 very much in the black, reports my colleague Jeanne Sahadi. That’s according to new fourth-quarter data from Fidelity Investments, one of the largest providers of workplace retirement plans that cover 23 million 401(k) participants. The troubled plant-based meat company, which has partnerships with McDonald’s and KFC owner Yum! On a Tuesday call with Beyond Meat’s investors, Brown outlined a set of initiatives intended to rightsize the struggling company.

Persons: New York CNN —, ’, Jamie Dimon, Dimon, ”, Torsten Slok, Yung, Yu Ma, “, Jeanne Sahadi, Gen Xers, Fidelity, Samantha Delouya, Ethan Brown, Brown Organizations: CNN Business, Bell, New York CNN, Nvidia, AMD, Taiwan Semiconductor Manufacturing, Apple, Microsoft, Amazon, Google, JPMorgan, CNBC, Apollo Global Management, Federal Reserve, BMO Wealth Management, Big, Norges Bank Investment Management, Legal, General, AFL, US Securities and Exchange Commission, Lawyers, SEC, Fidelity, Fidelity Investments, McDonald’s, KFC, Brands Locations: New York, California, “

☆ FTC sues H&R Block over issues tied to its online free file option
▼ + stars: | 2024-02-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

The consumer protection agency’s complaint alleges that H&R Block makes it unnecessarily time consuming and frustrating for consumers to downgrade to a lower cost tax-preparation option online after initially selecting a higher cost one. “H&R Block deceptively markets its Online Products by representing to consumers that they can file for free using H&R Block, when in fact, many consumers have tax situations that are not covered by H&R Block’s Online Product,” according to the complaint. We are confident in the value our services and offerings provide to our clients who have trusted H&R Block for nearly 70 years,” Redler said. H&R Block told CNN “there is no threshold. Earlier this month, the FTC took similar action against Intuit, maker of Turbo Tax tax filing software, “for deceiving consumers with bogus advertisements pitching ‘free’ tax filing that millions of consumers could not use.”

Persons: “, Dara Redler, ” Redler, It’s, Jeff Jones, ” Organizations: New, New York CNN, Federal Trade Commission, Products, CNN, FTC, Block, CNN Business, Intuit, Turbo Locations: New York

☆ Number of 401(k) ‘millionaires’ jumped 41% last year, says Fidelity
▼ + stars: | 2024-02-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +2 min

New York CNN —Many more new 401(k) “millionaires” were created last year, but the overall number remains low, according to data released Tuesday. The average 401(k) balance rose to $118,600 at the end of the fourth quarter, up 14% for the year. And 78% of 401(k) savers were contributing at a rate high enough to get their employer’s full matching contribution. Between employee and employer contributions, the average savings rate last year was 13.9%, up slightly from 13.7% a year earlier. “This past year ended on a high note for retirement savers,” said Sharon Brovelli, president of Workplace Investing at Fidelity Investments.

Persons: ”, Gen Xers, Fidelity, Sharon Brovelli Organizations: New, New York CNN, Fidelity Investments, Fidelity, Labor Statistics Locations: New York, United States

☆ She'd heard her step-grandfather was a monster. But was he also the Zodiac Killer?
▼ + stars: | 2024-02-26 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

Max's "The Truth About Jim," directed by Skye Borgman, follows Sierra Barter's investigation into her step-grandfather. Jim Mordecai, who died in 2008, was accused of harassment and sexual assault by multiple women. But was Jim Mordecai an infamous serial killer too? AdvertisementWas Jim Mordecai the Zodiac Killer? Judy Mordecai, Barter, and Shannon Barter.

Persons: Skye Borgman, Jim Mordecai, Mordecai, —, Christi Probst, Borgman, Shannon, Judy Mordecai, didn't, couldn't, Jim, Max, Jeanne Kirkpatrick, Mordecai's, Michael Probst, Melissa, Jaime Mordecai, Kirkpatrick, Shannon Yeager, Yeager, we've, fleshing, Mary, Santa Rosa, I've, let's, Sierra, Mike Butterfield, Max Mordecai's, Judy, they've, they're Organizations: Service, Northern, Imagine Entertainment, Business, Sonoma County Sheriff's Office, Max Locations: Sierra, San Francisco Bay, Northern California, Shannon, Santa, Sonoma County

☆ Child care benefits at work: Employers are increasingly offering resources to parents with daycare needs
▼ + stars: | 2024-02-23 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

And among those that do, less than a third selected any single benefit such as subsidized child care services (11%), child care referrals and consultations (28%); and back up child care (26%), which gives parents access to a daycare center or babysitter when their usual child care arrangements fall through on a given day. Among those, 37% offer access to backup child care, 16% subsidize child care and 10% provide onsite child care. Among respondents who said they were thinking of quitting their jobs, 41% said their compensation was not high enough to cover child care costs, and 30% said they didn’t have adequate child care. An onsite child care center like one from Bright Horizons can provide licensed and trained care providers and well-qualified early education teachers. Other options to ease working parents’ experienceFor many employers, though, an onsite child care center may be tough to swing.

Persons: ”, Jessica Chang, “ Covid, ” Chang, Mercer, It’s, We’ve, Stephen Kraemer, Kraemer, hadn’t, Carmen Perez, Perez, Seda, Chang Organizations: New, New York CNN, US Department of Labor, US Department of Health, Human Services, Century Foundation, “ Employers, Adecco Group, Bright Locations: New York, United States, California

☆ Judge Engoron’s ruling: What will it mean for Donald Trump’s businesses?
▼ + stars: | 2024-02-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

There is still a lot to parse from the ruling and its potential impact on Trump’s business empire, but here’s what we know so far. And Trump himself might have been permanently barred from the New York state real estate industry, something James had requested. The ruling extended the monitor’s role “for no less than three years.”That new governance structure is the reason Judge Engoron cited for not cancelling the Trumps’ business certificates. “The court’s decision to impose governing requirements [on Trump’s businesses] makes the injunction more likely to survive appeal,” Thomas said. First, at the Appellate Division and then at the New York State Court of Appeals.

Persons: Donald Trump, Trump, Donald Jr, Eric, — Trump, Judge Arthur Engoron, Letitia James, “ Trump, ”, Will Thomas, Ross, James, David Cay Johnston, Engoron, “, ” Thomas, can’t, It’s, it’s, recently, Jean Carroll, Thomas, he’s, Johnston Organizations: New, New York CNN, Trump Organization, New York, New York State, University of Michigan’s Ross School of Business, Trump, Independent Monitor, Appellate Division, of Appeals Locations: New York, New York State, ”

☆ Employees think mental health is OK to discuss at work. But not everyone feels comfortable doing so, survey finds
▼ + stars: | 2024-02-13 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

New York CNN —World events, work problems, illness, financial issues — there are plenty of unhappy stressors that can harm an employee’s mental health. The most common response was “the state of the world” (68%), followed by “your job” (48%), “your finances” (45%), “your personal life” (41%), “your physical health” (40%) and “your mental health” (37%). “Employees who are less comfortable talking about their mental health at work are more likely to report feeling burnout and their mental health suffering because of work in the past year,” NAMI said. In response, “nearly half of employers have conducted anti-stigma campaigns to help employees feel comfortable utilizing behavioral health services,” Mercer said in its analysis. Such training can teach direct managers, executives and individual contributors how to identify signs that someone may be struggling with a mental health problem.

Persons: ”, Barb Solish, NAMI, ” NAMI, “, Mercer, ” Mercer, ” Solis Organizations: New, New York CNN, National Alliance, Mental, “ Employees, Employers, Mercer . Locations: New York, United States

☆ Advocates call on Senate to approve amendment giving Afghan evacuees path to legal residency
▼ + stars: | 2024-02-10 | by ( Haley Britzky | ) edition.cnn.com time to read: +4 min

It is based on the bipartisan Afghan Adjustment Act, which was reintroduced last year. The amendment was introduced Friday with a list of co-sponsors that included Republican Sens. Future conflicts that we go into will look back to how we handled the end of the Afghan war and what we did with our Afghan allies,” VanDiver said. While the amendment has bipartisan backing, at least one Republican is expected to object to it. Cotton supports helping our Afghan allies and partners, but this specific bill did little to address his concerns,” the person said.

Persons: Democratic Sen, Amy Klobuchar, Republican Sen, Jerry Moran, Republican Sens, Roger Wicker, Lindsey Graham, Thom Tillis, Democratic Sens, Richard Blumenthal, Chris Coons, Jeanne Shaheen, Klobuchar, “, ” Klobuchar, ” Shawn VanDiver, —, It’s, ” VanDiver, Sen, Tom Cotton, ”, “ Sen, Cotton, VanDiver, ” Moran, Patrick Murray Organizations: CNN, Senate, Democratic, Republican, intel, Army, Senate Armed Services Committee, Afghan, Veterans ’ Affairs, Veterans, Foreign, VFW Locations: Afghanistan, United States

☆ How Black Americans define success
▼ + stars: | 2024-02-08 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

New York CNN —A majority of Black Americans say they feel at least somewhat successful but nevertheless feel financial pressures regardless of income, according to a new survey released Thursday by the Pew Research Center. The survey of more than 4,700 Black Americans sought their views on what constitutes success — how they define it, how they view themselves in that context and the concerns they have in achieving it. “Most Black Americans (66%) consider themselves at least somewhat successful,” Pew researchers wrote in their analysis. And regardless of income, most Black adults said they feel financial pressures. In an analysis of Black Americans’ income in July, Pew noted that only 6% of Black adults in the US made $100,000 or more in 2021.

Persons: ”, “, Pew Organizations: New, New York CNN, Pew Research Center Locations: New York

☆ How can you prevent being laid off? You can’t. Here’s why
▼ + stars: | 2024-02-06 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

No matter how great your performance reviews, how popular or prominent you are, how innovative or loyal you’ve been, you, too, can be laid off. They just weren’t yoursA mass layoff is often a failure of management. Plus, in deciding who to cut and who to keep, leaders have to consider what the business will need after a mass layoff in terms of skills and other capacities. Companies try to keep the number of people in the know about a pending mass layoff as small as possible for as long as possible, Williams noted.) If you survive the purge, there are steps you can take right away to protect yourself financially from a future layoff.

Persons: New York CNN —, you’ve, …, ”, Andrew Challenger, Chris Williams, ” Williams, Williams, you’re Organizations: New, New York CNN, Los Angeles Times, Wall Street Journal, Washington Post, Wayfair, Microsoft, Companies, “, ” Challenger Locations: New York

BUDAPEST, Hungary (AP) — A bipartisan group of U.S. lawmakers are urging Hungary to immediately ratify Sweden's application to join NATO, saying patience with the Central European country is “wearing thin” as it continues to delay its approval for the Nordic nation. “Despite its numerous prior public commitments, Hungary is the last remaining NATO member to have not ratified Sweden’s bid and both time and patience are wearing thin. Hungary’s inaction risks irrevocably damaging its relationship with the United States and with NATO,” the senators wrote. Orbán, a staunch nationalist that has led Hungary since 2010, has long promised that his country wouldn't be the last NATO member to approve Sweden's application. Photos You Should See View All 45 ImagesA vote on the protocols for Sweden’s NATO accession hasn’t yet appeared on the Hungarian parliament’s agenda, and the matter is unlikely to go before lawmakers until at least late February when the parliament reconvenes.

Persons: Jeanne Shaheen, Thom Tillis, Viktor Orbán, Orbán, Sen, Ben Cardin, ” Cardin, Biden, Cardin, ”, “ Organizations: NATO, Central, New, New Hampshire Democrat, North Carolina Republican, Hungarian, Maryland Democrat, Senate Foreign Relations, U.S, Visa, Global, European Union Locations: BUDAPEST, Hungary, U.S, Nordic, Budapest, Sens, New Hampshire, United States, Ukraine, Maryland, Washington

☆ Unclaimed property day: More than 30 million people have unclaimed money or assets. Are you one of them?
▼ + stars: | 2024-02-01 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

Over 30 million people in the United States have unclaimed property that they have either forgotten about or never knew was theirs, according to the National Association of Unclaimed Property Administrators, which is a part of the National Association of State Treasurers. To get a complete picture of whether you have unclaimed money or assets, first check the unclaimed property sites of all the states where you have lived in your life (including the District of Columbia and Puerto Rico). Each state has its own laws and practices governing unclaimed or abandoned property, which you can find out about by visiting their unclaimed property sites that NAUPA links to here. Consider: More than $4 billion worth of unclaimed property was returned to people in fiscal year 2022, NAUPA said. Each state decides whether to reveal how much your unclaimed property is worth when you do your initial search.

Persons: ”, Michael W, you’ve, haven’t, it’s, Frerichs, state’s, NAUPA Organizations: New, New York CNN, National Association, National Association of State, Illinois, District of Columbia Locations: New York, United States, Puerto Rico, Illinois, Alabama

SCOTTSDALE, Ariz. (AP) — Jazz Chisholm Jr. got disappointing news on his 26th birthday, losing to the Miami Marlins in the first salary arbitration decision of the year. The outfielder will be paid $2,625,000 rather than his $2.9 million request, Margaret Brogan, Jeanne Vonhof and Scott Buchheit ruled Thursday. He went 0 for 8 with four strikeout as the Marlins were swept by Philadelphia in their NL Wild Card Series. Chisholm had a $749,500 salary last year and was eligible for arbitration for the first time. Photos You Should See View All 45 ImagesMiami also is scheduled for hearings with second baseman Luis Arraez ($12 million vs. $10.6 million) and left-hander Tanner Scott ($5.7 million vs. $5.15 million).

Persons: Jazz Chisholm, Margaret Brogan, Jeanne Vonhof, Scott Buchheit, Chisholm, Luis Arraez, Tanner Scott, Arraez, Austin Hays, José Suarez, Joshua Gordon, Walt De Treux, Howard Edelman, Suarez, ___ Organizations: Miami Marlins, Marlins, NL, Miami, AL, Minnesota, Baltimore Orioles, Angels Locations: SCOTTSDALE, Ariz, Philadelphia, Angeles

☆ Where to lock down high interest rates for your savings
▼ + stars: | 2024-01-31 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

High-yield online savings accountsThe average annual percentage yield on bank savings accounts was just 0.57% on January 30, according to a Bankrate survey. But many online FDIC-insured banks are still offering 5% or more on their high-yield savings accounts. As with any bank savings rate, high-yield savings account rates can change overnight, and the bank may not alert you when it lowers it. But don’t confuse money market accounts with money market mutual funds, which invest in short-term, low-risk debt instruments. Unlike money market deposit accounts, money market mutual funds are not insured by the FDIC.

Persons: Doug Ornstein, Schwab, “, ”, Greg McBride, Ken Tumin, you’d, Tumin, Wells Fargo, Andy Smith, Ornstein, doesn’t, ” Smith Organizations: New York CNN, Federal Reserve, JPMorgan Chase, Bank of America, TIAA Wealth Management, FDIC, Securities Investor Protection Corp, Fidelity, DepositAccounts.com, Treasury, Edelman, AAA Locations: New York, United States

☆ 2023 income tax return: Here’s what you need to know before you file
▼ + stars: | 2024-01-28 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

New York CNN —Come Monday, the IRS will start accepting and processing 2023 federal income tax returns. Pull out your return from last year: Your 2022 tax return will give you a good starting point for figuring out what documents you need to have handy to fill out this year’s return, said Tom O’Saben, director of tax content and government relations at the National Association of Tax Professionals. Here is a list of the most common and costly tax return mistakes the IRS has seen over the years. Lastly, the program cannot be used to file your state returns, so you’ll have to do that separately but your state may have its own free file program. (More details on the federal Direct File program are here.)

Persons: Tom O’Saben, you’ve, ” O’Saben, O’Saben, didn’t, you’re, filers, Katie Lobosco, Tami Luhby Organizations: New, New York CNN, IRS, Patriots, National Association of Tax, Social Security, Child, filers, Social Locations: New York, Maine and Massachusetts, brokerages, Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming

☆ A lot of parents still help support adult children between the ages of 18 and 34
▼ + stars: | 2024-01-25 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

In 1992, the median student debt adjusted for inflation was roughly $6,000 to $7,000 among young adults, according to Pew. One is of a nationally representative sampling of parents in the United States with adult children between the ages of 18 and 34. Pew found that about a third of young adults between the ages of 18 and 34 are still living with a parent. Expenses that parents help their adult kids payA full 59% of parents said they financially helped an adult child in the past year, while 44% of adult children said they had received financial help from a parent in the same period. But among parents who said they helped their adult children financially in the past year, 36% said it hurt their finances “at least some,” especially among parents with lower incomes.

Persons: “ Young, ”, Pew, haven’t Organizations: New, New York CNN, Pew Research Center, Pew Locations: New York, United States

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