Personal saving

The Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting next week, despite President Donald Trump's comments Thursday that he'll "demand that interest rates drop immediately."So far, the central…

Cofotoisme | E+ | Getty ImagesHow long it takes you to save for a 20% down payment on a home depends in part on where you live. In a pricey area such as New York City, it could take the typical buyer roughly 10.85 years to save $173,000,…

Osaka, Japan.Jiale Tan | Moment | Getty ImagesThe new year has many travelers thinking ahead to 2025 vacation plans — and how much those trips may cost.About half — 51% — of Americans say flight cost will determine their destination…

IRS Commissioner Daniel Werfel speaks during an IRS event in McLean, Virginia, on Aug. 2, 2023.Alex Wong | Getty ImagesThe IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed a pandemic-era tax break as the…

Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely to continue.But with inflation still…

IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013.James Lawler Duggan | ReutersThe IRS has unveiled a "voluntary disclosure program" for businesses that claimed a pandemic-era tax credit…

Mixetto | E+ | Getty ImagesIf you're self-employed, hiring your kids could provide tax benefits — provided you follow labor laws and IRS rules, experts say.  Small businesses hiring their own children is a popular topic among social…

IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024.Kevin Dietsch | Getty ImagesThe U.S. Department of the Treasury and the IRS on Monday unveiled a plan to "close a major…

Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023.Ting Shen | Bloomberg | Getty ImagesThe IRS will deny billions of dollars' worth of claims for a pandemic-era…

The Good Brigade | Digitalvision | Getty ImagesTax breaks worth trillions of dollars are scheduled to expire after 2025 without extension from Congress — including a hefty deduction for millions of self-employed filers and business…