Personal Finance
Latest Personal Finance News
Can You Contribute to a Roth IRA Without Having Earned Income?
You generally need earned income—such as wages, tips, or self-employment income—to contribute to a Roth IRA, since these accounts are…
Is Your Homeowners Insurance Tax-Deductible?
Homeowners insurance is usually not tax-deductible for personal residences, but you may be able to deduct part of the cost…
Supreme Court Expands Tax Exemptions For Religious Charities
Topline The Supreme Court expanded when religious organizations can qualify for tax exemptions as it ruled Thursday in favor of…
Chime Aims For $11 Billion IPO Valuation
San Francisco-based Chime, the largest digital bank in America, wants to go public at a price between $24 and $26…
House Budget Bill Cuts Average Taxes By $2,900, Favors High-Income Households
The budget reconciliation bill passed by the House on May 22 would cut taxes by an average of about $2,900…
What Trump’s 2026 Budget Would Mean For Older Adults
President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to…
For 18 Million Student Loan Borrowers, The Government Is Coming For Your Paycheck
The Trump administration is clamping down on federal student loan defaults; at the same time, Republican lawmakers in Congress just…
Supreme Court Sides With Catholic Group In Tax Exemption Dispute Over Non-Religious Activities
In a unanimous decision, the U.S. Supreme Court ruled that a Catholic organization qualifies for a tax exemption even though…
Does Elon Musk’s Borrowing Show A Super Low Tesla Stock Valuation?
A practice of Elon Musk and Tesla’s board raises questions about the company’s governance and the possible low valuation that…
Employee Deferral vs. Roth Deferral
If you have to choose between a traditional or Roth deferral, you will have to decide whether it’s better to…
