The year 2024 heralded extraordinary performance for Bitcoin, with its prices escalating dramatically, marking an impressive rise of about 125%. Starting at around $40,000 and soaring to nearly $94,000, Bitcoin has captured the attention of both seasoned investors and novices alike. This immense growth has naturally spurred discussions about the inclusion of Bitcoin in investment
Personal
The upcoming tax season for 2025 will officially kick off on January 27, marking the date when the IRS will begin accepting individual tax returns for the 2024 financial year. As taxpayers prepare their documents and financial records, it’s essential to remember that the deadline to file most federal tax returns and settle any outstanding
As we step into a new year, the season of resolutions fuels a collective effort to enhance our lifestyles. One of the most noticeable trends in recent years is the commitment to participate in Dry January—an initiative encouraging individuals to forgo alcohol for the entire month. According to a recent survey by Morning Consult, a
The recent enactment of the Social Security Fairness Act signifies a pivotal moment for nearly 3 million individuals who will soon see an increase in their Social Security benefits. While these changes, championed by President Joe Biden and supported by a bipartisan coalition, provide much-needed financial relief to certain public sector employees, they also introduce
The looming deadline for fourth-quarter estimated tax payments on January 15, 2024, is a critical date for many taxpayers. Failing to meet this deadline can lead to unexpected penalties and interest fees when it comes time to file your tax return, as emphasized by the IRS. It’s important to understand that estimated taxes are generally
As Americans step into 2025, the burden of credit card debt looms larger than ever. Recent findings by Bankrate indicate that nearly half of credit card holders—48%—are now carrying balances month-to-month, a notable increase from 44% at the beginning of 2024. This trend highlights a worrying reality: credit card debt is becoming a more entrenched
As 2025 dawns, many Americans may notice a slight increase in the net amount on their paychecks, thanks to adjustments to federal income tax brackets by the IRS. However, the implications of these changes go beyond mere numbers; they intertwine with broader economic factors, such as inflation and essential living costs, creating a complex landscape
The recent reinstitution of student loan payments presents a unique opportunity for borrowers planning their finances in the upcoming tax year. One often overlooked advantage is the student loan interest deduction. Despite the challenges that come with repaying student loans, this provision allows qualifying borrowers to deduct up to $2,500 annually from their taxable income—effectively
In a significant move poised to reshape the financial landscape for millions of Americans, the Consumer Financial Protection Bureau (CFPB) has officially enacted new regulations that will remove approximately $49 billion worth of medical debt from credit reports. This paradigm shift is aimed at alleviating the financial strain on an estimated 15 million individuals grappling
Target-date funds (TDFs) have rapidly gained popularity as a straightforward investment option for retirement savings, particularly within 401(k) plans. These financial instruments are designed to adjust their asset allocation automatically as the target date—typically an investor’s estimated retirement year—approaches. Based on recent data from 2023, a striking 29% of assets held in 401(k) plans were