Key takeaways Figuring your AGI is a crucial step on the path to calculating your taxable income and, in turn, your tax bill. Your AGI determines your eligibility for a variety of tax deductions and tax credits. (Sometimes, your modified adjusted gross income comes into play — more on that…
Key takeaways The standard deduction is a specific dollar amount that you can use to reduce your taxable income. You have to choose between claiming the standard deduction and itemizing (that is, claiming expenses that you paid). The standard deduction amount usually increases each year for inflation. Also, the standard…
Key takeaways The deadline to file federal income tax returns this year — to report income earned in 2025 — is April 15, 2026. If you file an extension, you have until Oct. 15 to file your federal tax return. If you file an extension you have until Oct. 15…
If financial stress has been weighing you down, you aren’t alone. Around 43% of Americans cite money as a factor negatively impacting their mental health, according to a recent Bankrate survey. January is the perfect time to reset your financial mindset and create routines that bring peace of mind all year long. By building good money…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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Key takeaways Savings accounts are deposit accounts available at banks and credit unions. They allow you to keep your money safe while it earns interest. Online banks tend to offer the highest interest rates for savings accounts. You can withdraw your money from a savings…
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Tip 3: Learn How to Create a Better ‘To Do’ List When we make resolutions, we tend to resolve to do certain things.…
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These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.By Jeff Kauflin, Hank Tucker and Nina…
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Wouldn’t it be nice if we could all feel as confident and secure as Linus from Peanuts when he’s carrying his security blanket? Property insurance can give you that same feeling—but with real protection. (Unfortunately, Linus’s blanket wouldn’t actually do much to protect him.) Property insurance comes in several forms, each designed to protect…
A trip to the emergency room sucks. But sometimes what comes later is even worse—the bill for the visit. Like, have you ever opened an ER bill and seen a $30 charge for an aspirin? Even though the same stack of cash in a drugstore could buy you five bottles…
Do you feel like you’re settling for a job that doesn’t bring you joy? How about a job that drains you of joy? Or maybe you love your career field but you feel like you’ll never move up that ladder. If that’s you, you’re definitely not alone. Our Ramsey State…
Ahhhh. Home sweet home. There’s nothing like that feeling after coming home after a long trip away. Or that moment you get the keys to your first house and you walk through the front door, lay down, and do snow angels on that plush living room carpet (weird, but we…
Debt-free people are a rare breed . . . especially in today’s world. Just about everyone has bought the lie that financial peace only happens when your FICO score is above average, you’ve got credit card points out the wazoo, and your mailbox is full of credit card applications. So,…
No, we’re not talking about everyone’s favorite martini-drinking spy. We’re talking about bonds that are used as investments. Still, bonds do seem to have an element of mystery to some folks. A bond is a type of loan between an investor and a corporate or government borrower that promises to…
By now, you’re probably used to hearing about shortages of every product under the sun. We’ve all lived through toilet paper shortages, lumber shortages, microchip shortages—and about a million others. The global supply chain has been a wreck since the pandemic began, and that’s spilled right on over to shoppers…
If you’ve ever stood in the checkout line at a brick-and-mortar retailer and been offered a discount on your purchase by applying for a credit card, the cashier was trying to sell you on a retail card. One version of retail credit cards are store credit cards, which are only…
Study Summary 82% have noticed inflation’s impact on groceries and 66% have noticed higher prices at the gas pump. 21% say inflation has had a significant impact on their day-to-day finances. On average, those planning to spend on Christmas and the holidays are planning to spend $641. One-quarter plan to…
While the average credit card interest rate has dropped slightly and experts muse about Fed rate cuts this fall, there’s one metric we can count on — astronomical retail card interest rates. The 2025 Bankrate Retail Cards Study reveals the average retail card APR remains above 30 percent, which is…
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