Personal finance

Maria Korneeva | Moment | Getty Images As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit.  After an infusion of funding, the agency said it aimed to more than double the audit rate for the wealthiest taxpayers. But the IRS’ future priorities are unclear amid changing
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Elon Musk speaks next to President Donald Trump, not pictured, in the Oval Office of the White House in Washington, D.C., Feb. 11, 2025. Kevin Lamarque | Reuters Staffers from Elon Musk’s secretive government slashing effort, DOGE, have pushed the highest-ranking officials at the Department of Education out of their own offices, rearranged the furniture
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Robert F. Kennedy Jr., U.S. President Trump’s nominee to be secretary of Health and Human Services, testifies before a Senate Finance Committee confirmation hearing on Capitol Hill in Washington, U.S., Jan. 29, 2025.  Evelyn Hockstein | Reuters Americans’ credit card balances soared to a record $1.17 trillion in 2024 — and even the wealthy are
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Hero Images | Hero Images | Getty Images College advocates breathed a sigh of relief when the U.S. Department of Education said the Trump Administration’s “federal funding freeze” would not affect federal Pell Grants and student loans.  Nearly 75% of all undergraduates receive some type of financial aid, according to the National Center for Education Statistics. About 40%
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President Donald Trump takes questions during a press conference with unseen Israel’s Prime Minister Benjamin Netanyahu in the East Room of the White House in Washington, DC, on February 4, 2025. Andrew Caballero-Reynolds | Afp | Getty Images President Donald Trump on Thursday met with Republican lawmakers to outline his tax agenda, including plans to
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