IRS Opens 2026 Tax Season January 26: Here's What's New With Your Return
The IRS announced tax filing begins January 26, with major new deductions for tips, overtime, car loan interest, and seniors. Here's everything you need to know.
126 articles found for "savings"
Trump Tax Cuts to Deliver Bigger Refunds: Americans Could See $1,000 or More This Filing Season
The One Big Beautiful Bill Act's retroactive tax provisions mean Americans filing 2025 returns could receive refunds averaging $300 to $1,000 more than typical years, with total stimulus estimated at $30-100 billion.
NY Fed Survey: Job-Finding Expectations Hit Record Low as Consumer Anxiety Rises
The Federal Reserve Bank of New York's December Survey of Consumer Expectations shows job-finding expectations fell to a record low of 43.1%, while delinquency concerns hit pandemic-era highs.
Treasury Implements Auto Loan Interest Tax Break: Ford and GM Hit 52-Week Highs
Treasury Secretary Bessent announced implementation of Trump's auto loan interest tax deduction, allowing up to $10,000 in annual deductions. Ford and GM shares jumped to new 52-week highs.
The Great Consumer Retrenchment: January 2026 Brings the 'Spending Breather' Wall Street Feared
American consumers are pulling back after the holiday rush, with real spending growth expected to drop to just 1.5% in 2026 as debt levels and tariff fears weigh on households.
The AI Layoff Wave 2.0: Why Goldman Sachs Warns Automation Could Trigger Another Round of Job Cuts in 2026
Goldman Sachs analysts warn that 2026 could bring another wave of AI-driven layoffs as companies shift budgets from human workers to automation. Half of AI-attributed layoffs may be quietly rehired offshore.
Medicare's GLP-1 Breakthrough: What the New $50-Per-Month Program Means for 35 Million Americans
The BALANCE program will enable Medicare beneficiaries to access weight loss drugs like Wegovy and Mounjaro for $50 monthly, potentially transforming obesity treatment.
S&P Global Economist Warns of 'Cracks' in U.S. Economy as Job Market Malaise Deepens
Despite record stock market gains, S&P Global's chief business economist warns that the 'resilience of the U.S. economy is showing signs of cracking' heading into 2026.
Holiday Retail Shatters the $1 Trillion Barrier for the First Time in History
American consumers spent over $1 trillion during the 2025 holiday season, marking a historic milestone despite persistent economic anxiety.
Social Security's 2026 COLA: What the 2.8% Increase Means for 65 Million Americans
Social Security benefits rose 2.8% in January 2026, adding $56 to the average monthly retirement check. Here's what recipients need to know about the increase and Medicare costs.
America's Two-Track Economy: Why the Consumer Divide Will Only Deepen in 2026
As the top third of households drive more than half of consumer spending while a quarter of Americans live paycheck to paycheck, economists warn the consumer divide could widen further in 2026.
Goldman Sachs Warns 2026 Could Bring AI-Driven Layoff Tsunami as Automation Replaces Hiring
A new Goldman Sachs report suggests companies are pivoting from using AI for productivity to using it for workforce reduction. 2026 may mark the year AI stops helping workers and starts replacing them.