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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I travel a lot. Sometimes for work, and sometimes to sweep my wife off her feet with a not-so-surprise vacation. (Hey, it’s hard to hide a weekend getaway when you do a monthly budget together.) And as much as I love meeting new people and seeing new sights, travel can…
Key takeaways You don’t need to put 20 percent down to get a mortgage, and some mortgages don’t even require a down payment. You can get a conventional mortgage with 3 percent down, but with anything less than 20 percent, you’ll have to pay mortgage insurance. Making a larger down…
There’s a relatively new kid on the block in the investing world that’s gotten popular over the last few years, and it’s called an exchange-traded fund (ETF). Get expert money advice to reach your money goals faster! Since you should never invest in anything you don’t understand, let’s walk through a breakdown…
Key takeaways JetBlue’s TrueBlue Shopping lets loyalty program members earn points with the airline for each dollar they spend. Using the portal is free, and members can earn points for spending with hundreds of online retailers and partner brands. Purchases are tracked through the portal automatically, and bonus points are…
Cue the silver bells, because shopping for gifts (and coming up with gift ideas) just got a lot easier! Instead of sitting in holiday traffic and burning the gas you paid an arm and a leg for, check out these gift ideas that can make a big impact on everyone…
Key takeaways The Chase Sapphire Preferred® Card and Citi Strata Premier® Card both offer access to popular travel rewards universes: Chase Ultimate Rewards and Citi ThankYou points. Citi Strata Premier offers excellent rewards rates in more everyday categories, but Sapphire Preferred offers potentially better value when redeeming points for travel…
Did you know Americans spent $886.7 billion on Christmas last year?1 That’s a lot of photo cards, personalized stockings, candy canes, Christmas music, Santa hats and sparkly ornaments. But unless you plan on skipping Christmas this year, you’ll find yourself a part of that $886.7 billion machine too. Good news: You…
Chances are, you’ve thought these five words before: But when things slow down . . . Maybe you’ve even added some more words at the end: But when things slow down . . . I’ll start that ministry . . . take that vacation . . . finish writing that…
Photography by Getty Images; Illustration by Bankrate Key takeaways Non-owner car insurance offers affordable liability-only coverage to drivers who don’t own a vehicle but occasionally borrow or frequently rent one. This type of car insurance can also be used to satisfy an SR-22 or FR-44 requirement after a license suspension.…
Talk of a recession has been in the news lately—there’s no way to miss it. Headlines about falling stock prices and inflation put us all on edge. We get it. But before you climb into your bunker, let’s talk about exactly what a recession is and why it may not…
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