The Internal Revenue Service (IRS) has begun giving out tax refunds, with 22 million already receiving their money, with the average recipient receiving $3,536. Here are some ways to help expedite the process of receiving a tax refund.
by Viviana VazquezThe coronavirus pandemic exposed the dire need for people to access inclusive financial services, mainly since the pandemic has caused people to scramble to obtain funds for their essential needs.
by Sheena AllenThe Internal Revenue Service (IRS) has decided to begin taxing cryptocurrency profits as many did not report having crypto assets, leading to them understating their income and the amount of taxes paid.
by Viviana VazquezWith the current tax season underway, now is the time to receive a refund from the Internal Revenue Service (IRS) for tax returns made regarding the prior year's income. Last year, the average tax refund amounted to $2,800 for individuals and families.
by Matin VarshochiPreviously, nearly 56% of high school graduates had filled out their FAFSA applications prior to the pandemic. However, once the pandemic hit and all education was forced to be done remotely, the percentage saw a fall to 53%.
by Viviana VazquezAccording to the Federal Trade Commission (FTC), more than 95,000 people were scammed in 2021, totaling $770 million. Throughout the year, many people fell for various scams, which resulted in the average victim losing $8,105 on average.
by Matin VarshochiOne of the nation’s more recognizable financial aid institutions, Naivent, had to forgive the debt of 66,000 borrowers earlier this month. This decision came after a lawsuit with 39 state attorney generals determined that the student loan servicer was forcing a portion of their borrowers into costly repayment plans, which they knew they would not be able to pay off.
by Matin VarshochiThe holidays and festivities are finally behind us. So, now it’s time to get down to the serious business of earning your ‘3M’ degree: Master’s in Making Money.
by Pam HillThe COVID-19 pandemic continues to be a global issue as new variants are spreading. As people continue to struggle, 2021 ended without a fourth stimulus check to keep households afloat.
by Nailah HerbertFiling your taxes can be a stressful time, even more, if the budget is tight! Here are ten resources to research for tax season!
by Nadia C. VanderhallThe Internal Revenue Service (IRS) announced that it would begin this year’s tax filing season on Monday, January 24, 2022.
by Nailah HerbertMany Americans are struggling with handling their finances due to various reasons, and it’s starting to take a toll on their mental health. During the COVID-19 pandemic, mental health woes have increased in many young adults.
by Nailah HerbertA Uniform Gifts to Minors Act (UGMA) is an investment account for minors, allowing adults to give or transfer assets into the underage person’s account to help them save for college or be financially independent.
by Matin VarshochiOn December 22, 2021, the White House announced the extension of the student loan relief plan until May 1, 2022. President Joe Biden stated that he would extend the relief period for an additional 90 days.
by Viviana Vazquez