The United States Capitol is seen framed with a canopy of trees from Fort Stanton Park on in Washington, D.C. The Washington Post | The Washington Post | Getty Images The Covid-19 pandemic caused unexpected financial shocks for many Americans, particularly low-income service workers who were at higher risk of losing their jobs. The emergency
Personal finance
Valeriy_G | iStock | Getty Images Married couples have the choice to file taxes jointly or separately every season. While filing together generally pays off, splitting returns may be better in some scenarios, financial experts say. Married filing separately involves two individual returns, each reporting their own income, deductions and credits. And the tax code
Marko Geber | DigitalVision | Getty Images U.S. stocks whiplashed Thursday following Russia’s attack on Ukraine as investors fled risk assets and turned towards safe havens such as gold. It can be a difficult time for investors who have been used to seeing markets gain and are now dealing with volatility that comes with global
A gold bar cast at Shchyolkovo Plant of Secondary Precious Metals of the Yuzhuralzoloto Group of Companies. Sergei Bobylev | Tass | Getty Images The specter of war in Ukraine is spooking investors, and some are turning to gold. They may be wise to temper their urge for an all-out gold rush. The precious metal
Monkeybusinessimages | Istock | Getty Images If you paid for child care last year, that expense could be valuable when you prepare your 2021 tax return. Along with some other tax changes, the “child and dependent care tax credit” was expanded in several ways. The upshot is that many households will get a bigger tax
John King listens to stories at Edgehill Farm September 08, 2019 in Gaithersburg, MD. Katherine Frey | The Washington Post | Getty Images John B. King, Jr., who served as education secretary under former President Barack Obama, has joined a number of other leading government officials calling on President Joe Biden to cancel student debt
Picking the right college has increasingly become a question of cost. But not everyone is choosing the most economical option. Since the start of the pandemic, college enrollment has continued to sink. For the most part, community colleges are the hardest hit, followed by public four-year colleges, according to a report by the National Student Clearinghouse
In this article EOCW Kamila Elliott Courtesy: Kamila Elliott When Kamila Elliott began her career in the financial services industry, she felt like an outsider. That feeling hasn’t changed a great deal. Elliott, 44, began working at Vanguard in participant services in 2000, and remembers being the only Black woman in her hiring class. “Even
Filadendron | E+ | Getty Images Companies are paying closer attention to what they pay their employees these days. To that point, 66% of organizations recently surveyed by Payscale said a pay equity analysis is a planned initiative in 2022, a 20% increase over last year. Pay equity is essentially equal pay for work of
Tom Werner | DigitalVision | Getty Images This tax season, which runs through April 18, is shaping up to be yet another complicated one for filers. Phone call volumes to the IRS are at record levels, the agency has a backlog of millions of claims from previous years and some pandemic-era changes still apply to
Sean Gladwell | Moment | Getty Images Escalating tensions between Russia and Ukraine sent stock markets lower once again on Wednesday. Many individual investors are feeling the recent market declines triggered by geopolitical risks personally, particularly when it comes to their retirement account balances. Financial advisors say this could actually be an opportunity to put
martin-dm Investors are pulling money out of bond and money market funds at the fastest pace in years, as inflation and the specter of rising interest rates threaten returns in the short term. The outflow has been starkest for money market funds, which are cash-like funds with a low level of risk. Investors shifted $148