Personal Finance

Tax tip: No tax on tips

Understanding the New Deduction for Earnings from Tips CNBC's Sharon Epperson recently explained the new deduction for earnings from tips, providing valuable insights for individuals...

Tax tip: 2025 ‘bonus’ deduction

New Tax Deduction for Seniors: What You Need to Know CNBC's Sharon Epperson recently explained a new tax deduction available to individuals aged 65 and...

Trump floats idea to change home depreciation rules

Introduction to Depreciation for Personal Residences President Donald Trump recently spoke at the 56th annual World Economic Forum in Davos, Switzerland, where he discussed the...

Trump touts ‘big beautiful bill’ tax breaks. Here’s how they work

As the tax season approaches, Americans are preparing to file their returns, and several new tax breaks are on the table as part of...

Trump says inflation was ‘defeated.’ Some economists disagree

President Trump's Claims on Inflation: A Fact-Check In a speech at the World Economic Forum in Davos, Switzerland, President Donald Trump claimed that he had...

Car loan payments top $1,000 for more drivers

Milorad Kravic | E+ | Getty Images For many consumers, buying a car increasingly comes with a hefty monthly bill. The share of new-car buyers...

Student loan borrowers get more time after Trump delay on collections

Trump Administration Delays Student Loan Collections Student loan borrowers in default received a temporary reprieve last week as the Trump administration announced it would postpone...

Here’s the inflation breakdown for December 2025 — in one chart

A grocery store in the Manhattan borough of New York on Dec. 13, 2025. Charly Triballeau | Afp | Getty Images Progress in the fight to...

IRS budget cut for 2026 could be smaller than expected

As the US government works to avoid another shutdown, lawmakers are considering a proposal to reduce the IRS budget for the current fiscal year....

More states offer auto-IRA, retirement programs for workers in 2026

Tom Werner | Stone | Getty Images The list of states that have launched retirement programs for private-sector workers continues to grow, with Minnesota and...

Underwater car trade-ins, debts climb: Edmunds

Introduction to Underwater Car Trade-Ins As consumers contend with higher auto payments, new data from car website Edmunds suggests they may be falling into a...

‘Big beautiful bill’ senior deduction offers planning opportunities

Introduction to the New Senior Deduction Tax changes for 2026 offer new ways for individuals ages 65 and over to plan financially, thanks to a...

Republicans want to expand the child and dependent care tax credit

As the US government continues to focus on affordability, lawmakers are exploring ways to expand tax credits for families. The Republican Study Committee has...

Retirees lack emergency savings to cover yearly unexpected expenses

As you gauge how much income you'll need to pay for your living expenses in retirement, don't forget to consider how you'll cover unexpected...

Education Department to delay collections on defaulted student loans

Introduction to Student Loan Collections The U.S. Education Department recently announced a delay in the implementation of wage garnishment and other involuntary collection efforts affecting...

Employers focusing more on employee financial well-being, study shows

Introduction to Employee Financial Wellbeing As many Americans struggle to keep up with the rising cost of living — housing, groceries, electricity, and other necessities...