Personal Finance

Robert Kneschke / EyeEm The coronavirus has devastated economies around the world and disrupted life in ways that were unimaginable just a few months ago. The world will never be the same. But at some point, industries will start coming back online and people will start going out again. We asked travel industry experts for

A month-long battle with the coronavirus made it difficult for Esteban Giron and his husband to pay their $990 rent. ”I was so sick I could barely walk to the bathroom,” Giron, 41, said. He’s lived in his apartment in Crown Heights, Brooklyn, for over seven years, and if he had to move out, it would be

Chip Somodevilla | Getty Images The IRS has a clear message for families of the deceased who receive stimulus checks: Give the money back. But what about those who recently died because of Covid-19? At least 75,852 U.S. deaths have been caused by the novel coronavirus, according to the latest data from Johns Hopkins University.

You might be wondering why the stock market is doing so well when you’re doing so badly.  Even if you’re coasting, you likely know people who are struggling.  The reality is, small-town America doesn’t go under the lens of Wall Street, says Walid Petiri, owner of Financial Management Strategies, an advisory firm in Baltimore. Certain

There’s no better time to think about next year’s taxes than right after you file this year. Jayme Thornton | Tooga Productions | Getty Images There’s still time to submit your bank account information to the IRS to get your $1,200 stimulus payment more quickly. But that window is closing, the IRS said on Friday.

A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Self-employed workers trying to

US President Donald Trump speaks about COVID-19, known as coronavirus, after signing a Proclamation in honor of National Nurses Day in the Oval Office of the White House in Washington, DC, May 6, 2020. Saul Loeb | AFP | Getty Images The White House is weighing a second Tax Day delay, according to NBC News.

rmbarricarte When John Vogt, Jr. wondered where his stimulus check was, he was shocked to find out that he was not eligible for one. Vogt, 49, of Bronx, N.Y., is a fourth-generation American. In July, he married to a woman who is a Brazilian citizen. This year, they filed a joint tax return as a

Medicare isn’t free. And for beneficiaries whose income suddenly has dropped, that fact may now be more challenging. More than a third (37%) of Medicare recipients have experienced income loss due to the coronavirus crisis, according to a recent survey from ehealth.com. Younger beneficiaries are more likely to have suffered: 40% of respondents age 65

A restaurant employee wearing a protective mask poses behind the counter amid the coronavirus pandemic on April 28, 2020 in New York City. Alexi Rosenfeld When it comes to the economic fallout from the coronavirus pandemic, many young professionals are asking, “Will I still have a job?” And no wonder, as 63% of young Americans

Your health savings account may be able to give you some extra help during the coronavirus crisis. An HSA is a savings account you can use to pay for qualified medical expenses. You contribute money pre-tax, the savings grow tax-free and your withdrawals generally aren’t taxed. HSAs are available only to those who have high-deductible

Fertnig | E+ | Getty Images People who receive Supplemental Security Income or Department of Veterans Affairs benefits have just one more day to supply the federal government with information on any qualifying dependents who should be included in their stimulus payments. Millions of stimulus payments are in the process of being deployed to Americans.

Curt Pickens | Getty Images The woman who approached our doorstep Monday morning was wearing a mask, her eyes doing their best to smile a greeting. She was hugging a folder and a bundle of papers. I held the door open for her but didn’t extend my hand for her to shake. Nor did she,

On social media, some students have teased that their elite college experience is now akin to the University of Phoenix. However, those online institutions may have the last laugh. “If they are going to go online anyway, they may want to do it with a school that’s been at this for 30 years,” said John

The private student loan market has been growing for a decade, and now, amid an economy on near lock-down from the coronavirus pandemic,  borrowers find themselves with few relief options. That’s one of the takeaways from a new report by the Student Borrower Protection Center, a nonprofit started last year by Seth Frotman, former assistant

Helen H. Richardson | Denver Post | Getty Images If you own a home and you’re looking for some emergency funding, you may be running out of opportunities. Home equity lines of credit allow you to borrow against the equity you’ve accumulated in your home, be it for a surprise cash need or a home

NoDerog | E+ | Getty Images Millions of families are counting on government stimulus payments to get some financial relief amid the coronavirus pandemic. However, some are opening their bank accounts to find an unwelcome surprise: payments that exclude their qualifying children. Many complaints are coming from one particular group: individuals who are receiving government

Ariel Investments co-CEO and president Mellody Hobson speaks at the 2017 Fortune Most Powerful Women Summit in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Investment expert Mellody Hobson is a firm believer in teaching kids about investing. She’d like it taught at every school in America — even at a young

Peathegee Inc Homeowners in New Jersey are getting a little bit of breathing room on their property taxes. Gov. Phil Murphy signed an executive order permitting municipalities to shift the property tax payment deadline from May 1 to June 1. The Garden State is home to the highest levies on property in the nation, with

The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. “The most significant responsibility of the Fed now is to make sure that credit markets continue to function,” said Greg McBride, chief financial analyst at Bankrate.com. “Without functioning credit markets, there will be no economic

mediamasmedia The stock market is acting strangely these days, with headlines about market rallies next to ones about historic unemployment figures and companies filing for bankruptcy.  You can’t figure it out. But you may be wondering if you should take advantage of the upswing and pull some money out of the market. After all, before this recent rally,

States facing revenues in sharp decline amid the coronavirus pandemic have tough choices ahead – and you might be shelling out more in state and local taxes as a result. State and local governments were left out of the $484 billion coronavirus relief bill that President Donald Trump signed into law last week. “Our costs

Image Source | Getty Images When it comes to coronavirus stimulus checks, many say $1,200 isn’t enough. Millions of those one-time payments are still on their way to Americans. The coronavirus shutdown, however, could have economic effects for months. Now, political leaders are turning to proposals for putting more income in Americans’ hands. “Others have

A masked pedestrian walks past shuttered shopfronts in Hollywood, California on April 23, 2020. FREDERIC J. BROWN/AFP via Getty Images Many Americans collecting unemployment benefits may be wondering: Why isn’t my check bigger? The $2.2 trillion coronavirus relief package enacted last month expanded unemployment benefits in several ways, partly by increasing jobless pay by $600

Annie Nova Annie Nova | CNBC I was raised by a single mother who had no time for the kitchen, and although I wanted to be different, I wasn’t. I became dependent on Grubhub, and the tiny oven in my Manhattan apartment could go months unused.  Since I never had a teacher, cooking intimidated me.

Getty Images More than 88 million individuals received a stimulus check from the IRS in the last three weeks, according to data from the federal agency. The Treasury Department and the IRS have distributed a total of $157.9 billion in so-called Economic Impact Payments. The federal government began depositing the cash into taxpayers’ bank accounts

Father-daughter team Steve and Leah Kim model the masks their New York City alterations business, Master Tailor, started making when the coronavirus hit. When New York City largely shut down last month due to the spread of Covid-19, it was a devastating blow for some businesses. That included the Master Tailor, an alteration shop on

Fabian Videla Source: Fabian Videla In March, Fabian Videla realized that his 20-year-old construction and renovation company, Smarter Remodeling,in Jacksonville, Florida, might not survive the coronavirus outbreak.  “People started canceling sales appointments,” Videla, 49, said. “Current customers were apprehensive about letting crews in their houses. All of a sudden, it was a massive shutdown.” Soon,

Employee Linda Tarkenton holds a blank U.S. Treasury check before it’s run through a printer at the U.S. Treasury printing facility in Philadelphia. Getty Images People who receive benefits through either the Department of Veterans Affairs or Supplemental Security Income who have children have a new deadline if they want to get all of the

Images By Tang Ming Tung The financial hardships many Americans are now facing may have an unintended effect on their children — it may actually help their kids develop a money mindset very early. Just like children of the Depression emerged as frugal spenders, those experiencing the coronavirus pandemic may also learn important financial lessons.