One of the biggest tax decisions that a couple can make is whether to take the standard deduction or itemize. The standard deduction offers a…
A Debt Management Plan (DMP) might be right for you if you recognize yourself in any of these situations: You have multiple high-interest credit cards and want one simplified monthly payment. You can afford to…
Turning 65 doesn’t just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra standard deduction. This deduction can lower taxable income by thousands of dollars, helping stretch retirement savings further. Whether you’re newly retired or planning ahead, understanding how this deduction…
American households’ debt burdens increased to the highest level on record in the third quarter of 2025, according to a new report by the Federal Reserve Bank of New York. The New York Fed’s Center for Microeconomic Data released its quarterly report on household debt and credit this week, which showed that…
Secretary of Transportation Sean Duffy told FOX Business on Friday that major U.S. airlines are “going to lose millions of dollars” after the Federal Aviation Administration (FAA) slashed flights at airports around the country due to the ongoing government shutdown. In order to reduce the strain on air traffic controllers, who…
Treasury Secretary Scott Bessent told FOX Business’ Edward Lawrence that South Carolina’s new rare earth mineral processing center will help cut costs and break China’s “chokehold” on industry. In an exclusive sit-down interview, Bessent said that the plant marked a manufacturing comeback and will create jobs and ease prices as…
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The Federal Reserve cut interest rates for the second time in 2025 last week, though one member of the central bank’s monetary policy committee voted against cutting rates, citing concerns over inflation. Policymakers on the Federal…
