Personal Finance

Getty Images If you’re like many Americans, the Covid-19 pandemic has prompted a financial reality check: You haven’t saved enough. A recent Bankrate survey found that 55% of Americans have regrets over their emergency savings, or lack thereof. Experts agree that having an emergency fund can help you whether you face a job loss or
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Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims. John Sommers II Individuals receiving unemployment benefits this year could face a tax surprise in 2021: owing Uncle Sam or receiving smaller refunds. Some 1.43 million people filed for unemployment last week, according to the
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For millions of students with disabilities and special needs in U.S. public and private schools, the shift to remote learning has created an even greater host of challenges — and, in some cases, additional financial pressures for their families.  Special needs students require varied educational and support services. In this coronavirus pandemic, many families are
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People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. U.S. Federal Reserve Chair Jerome Powell on Thursday said the COVID-19-induced economic downturn has inflicted acute pain across the country, noting that the burden is not evenly spread. Ting Shen | Xinhua via Getty Images Some borrowers benefit
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Residents of Imperial County in California wait in a bookkeeping shop in Calexico after filling out unemployment forms on July 24. Photo by Mario Tama/Getty Images Senate Republicans unveiled their plan to replace an extra $600-a-week boost in unemployment benefits on Monday. That subsidy — which the federal government has been paying on top of typical
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Senate Majority Leader Mitch McConnell, R-Ky. Photo by Stefani Reynolds/Getty Images Republicans have introduced their proposal for the next coronavirus relief package, a $1 trillion plan called the HEALS Act.  Notably absent from their agenda: relief for people with student debt. The plan calls for streamlining the number of repayment options, but wouldn’t extend the
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Hispanolistic | E+ | Getty Images Months of economic uncertainty have driven people to turn toward a normally forbidden pot of cash: their retirement savings. The CARES Act, which President Donald Trump signed into law this spring, allows individuals affected by the pandemic to take emergency withdrawals of up to $100,000 from their retirement plans.
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Cynthia Pineda lost her accounting job in early April. Without the $600 weekly unemployment boost, she’ll get just $275 each week in aid from Florida. Meanwhile, finding a new job has proven extremely challenging. Cindy Pineda was the breadwinner of her family before the coronavirus pandemic hit. But Pineda, 60, lost her accounting job in
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Blank Social Security checks are run through a printer at the U.S. Treasury printing facility February 11, 2005 in Philadelphia, Pennsylvania. William Thomas Cain | Getty Images Congress won’t move on the next round of stimulus legislation this week. Despite that, however, a second set of stimulus checks is still on the table. Draft legislation
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Jovita Carranza, administrator of the U.S. Small Business Administration (SBA), speaks as Steven Mnuchin, U.S. Treasury secretary, left, listens during a House Small Business Committee hearing in Washington, D.C. Erin Scott | Getty Images Details of  Senate Republicans’ version of a coronavirus aid bill are starting to emerge. Accountants question whether it will provide enough
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