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With the recent passage of the Inflation Reduction Act in the Senate (by a narrow margin, with VP Kamala Harris casting the tie-breaking vote), many may be wondering what other benefits they could be entitled to when President Joe Biden almost certainly signs the legislation into law. By Selena Fragassi See: How Much Does a Person on Social Security Make?Find: 7 Surprisingly Easy Ways To Reach Your Retirement Goals Ostensibly, millions of Americans will benefit from reduced health insurance fees and prescription drug costs as part of the Inflation Reduction Act....

Medicare recipients who suffer from diabetes are poised to save money this year thanks to a provision in the 2022 Inflation Reduction Act (IRA) that lowers the cost of insulin. By Vance Cariaga About 1.4 million Medicare enrollees will benefit from the new rule, according to an AARP blog published on Jan 23. Beginning in January, copays for insulins covered by Medicare are limited to $35 a month. For Medicare enrollees with diabetes who take their insulin through a pump, the $35 maximum copay for insulin will begin on July 1, 2023....

If you’re like most consumers, you have a vested interest in keeping your credit score high to make it easier to get mortgages and other loans. You also have more than just one credit score and might be confused about which one even matters. By Vance Cariaga See: Didn’t Get Your Child Tax Credit? Here’s How to Track It DownFind: 10 Reasons You Should Claim Social Security Early As Consumer Reports noted in a lengthy investigative article last week that looked into credit score apps, one of the problems with trying to access your credit information is figuring out which score to focus on....

Since its founding in 1998, Lululemon has grown to become one of the most trusted brands in athletic apparel. But athletic apparel purchases, just like any other fashion purchases, may lead to second thoughts. You may want a different color or style, or decide the clothes don’t fit comfortably enough for a workout. In these cases, it’s helpful to know the ins and outs of the Lululemon return policy. By Joshua Rodriguez Return Policy Like New Items Making a Return Performance Return Item Inspection Read: 3 Ways Smart People Save Money When Filing Their Taxes...

Lyft reported first quarter earnings on May 3, with revenue reaching $875.6 million versus $609.0 million in the first quarter of 2021 — an increase of 44% year-over-year. The worrying guidance the company provided for the second quarter about the need for additional driver incentives, however, sent the stock tumbling. By Yaёl Bizouati-Kennedy See: 22 Side Gigs That Can Make You Richer Than a Full-Time JobRising Gas Prices: The True Cost of Going Electric...

It’s officially 2023. While a new year always brings with it feelings of hope and optimism, there’s also a lot of uncertainty and concern surrounding the economy. The rising costs have had a significant impact on everyone, forcing budgets to get tighter and tighter. By Ashleigh Ray Aside from inflation, 23% of Americans say their top stressor going into 2023 is living paycheck to paycheck, and another 20% are most concerned about debt....

In a letter to Congress, the National Restaurant Association said that replenishing the Restaurant Revitalization Fund (RRF) would save more than 1.6 million precarious restaurant jobs, protecting a vital economic sector. The letter lays out that the restaurant industry still hasn’t recovered the more than 650,000 jobs lost early in the pandemic amid a surge in coronavirus cases, inflation, labor shortages, and supply chain delays. By Yaёl Bizouati-Kennedy See: OK, Boomers: You’re to Blame for the Labor Market Shortage Find: Weekly Jobless Claims Rise Unexpectedly As Omicron Hits Harder Than Expected...

Retirement savings and income are some of the biggest sources of financial security for people exiting the workforce, so it makes sense to hold on to as much of that money as possible. By Selena Fragassi Explore: This New Retirement Rule Could End Up Costing You Big MoneyFind: As Recession Looms, Make 3 Retirement MovesSee: Over Half of Adults ‘Jeopardizing’ Retirement With Poor Life Expectancy Knowledge If one of your financial sources is a pension, however, it’s important to note that 36 states tax those earnings....

If you manage to accumulate a retirement nest egg of $1 million, you’re in a rare club. Although many Americans view this as the ultimate retirement “number,” many fall well short in their quest to attain it. Of course, $1 million is just a number, and depending on where you live in the U.S., it may not stretch as far as you might imagine. Whereas areas like the South and Midwest are generally inexpensive, at least relatively speaking, living in the Northeast tends to cost more....

Robinhood intends to diversify beyond mere stock trading, and plans to roll out a new service enabling users to receive paychecks via direct deposit up to two days in advance. This new service will also compete with companies including PayPal, Wealthfront, Chime and some traditional banks, according to a Bloomberg report. By Yaёl Bizouati-Kennedy Learn: Robinhood Surges as a ‘Meme Stock’ – But Reddit’s r/WallStreetBets Says ‘Not to Buy’More: Redditers Chime In As FTC Investigates McDonald’s Broken McFlurry Machines...

In Louisiana, SNAP benefits are administered by the Department of Children and Family Services, which provides food-purchasing assistance for low-income households. Benefits are deposited monthly into SNAP accounts, which are linked to Louisiana Purchase Cards. By Josephine Nesbit See: Where To Use SNAP Benefits This SummerExplore: Louisiana Updates and Expands SNAP EBT WIC Farmers Market Program Louisiana Purchase Cards are accepted at any SNAP-approved grocery store or retailer to buy eligible food....

Social Security recipients will be getting a lot of extra cash in 2023 thanks to the 8.7% cost-of-living adjustment (COLA) announced last week — the largest annual adjustment in more than 40 years. Average Social Security payments will be boosted by more than $140 a month in 2023, according to the Social Security Administration. By Vance Cariaga Retirement at Any Age: Get Retirement Tips That Fit Every Stage of LifeFind: 6 Things You Must Do When Planning For Retirement...

The IRS recommends that taxpayers e-file their taxes to reduce the chance of processing delays and receive any tax refunds faster, pointing out that electronically filing your return is also the most secure method. If your teenager received earned income as a W-2 employee or 1099 contractor in 2022, they may have to file tax returns. By Dawn Allcot Your teen can likely file their taxes electronically online, for free, through the IRS Free File program according to IRS....

Tesla lost $199 billion in value during its biggest back-to-back selloff since September 2020, following a string of bad headlines and tweets that pushed the stock to drop. By Yaёl Bizouati-Kennedy See: Musk Has a $15 Billion Tax Bill Coming Up: Is That Why He Did a Twitter Poll?Find: Tesla Stock Down in Pre-Market After Elon Musk’s Twitter Followers Said He Should Sell 10% of His Shares The stock closed down 11....

Members of Gen Z already make up roughly a quarter of the global workforce, and that percentage will obviously increase with time. So it’s important for employers to understand what to do to attract and retain these workers, who tend to have different career priorities than previous generations. By Gabrielle Olya To get some insights into what Gen Z workers want — and don’t want — from their workplace, Zety surveyed over 200 Gen Z adults....

Chances are, you’re ready to get out of town with friends or family. No doubt, you’re beyond excited for a long-overdue trip, but vacationing with those outside your household requires a lot of planning — especially when it comes to finances. By Jennifer Taylor Whether you’re renting a vacation home together — which likely means a common fridge — sharing a hotel room or making lots of reservations for group dinners out, everyone needs to be on the same page budget-wise....

2020 couldn’t end soon enough, and as recent as the fresh start of 2021 might feel, the new year isn’t so new — in fact, it’s almost half over. So far, 2021 has witnessed the inauguration of a new president and the changing of the political guard in Congress. Hundreds of millions of Americans have been vaccinated, restrictions have been loosened and the masses are booking summer travel and vacation plans....

Though 13-year-olds can’t legally get full-time or even part-time employment, they can do side jobs to make their own money. Thirteen is an excellent age to start learning about how to earn money, save it and use it wisely. By Sarah Horvath Jobs for 13-Year-Olds Outdoor Jobs Working With People Handy Jobs Home Care Jobs Artistic Jobs Jobs for 13-Year-Olds Depending on how creative they are and the action plans they can come up with, 13-year-olds have plenty of options to earn some income....

You probably haven’t written a check in a minute. Some people under a certain age might have never even owned a checkbook. With Venmo, Cash App, Zelle and other instant payment methods, the need to write a check is becoming less and less necessary, but there are still instances where the check might be the only option — or maybe even the best option depending on your situation. By Sam DiSalvo Check out these reasons on why you shouldn’t throw your checkbook out just yet, and why you might want to get one (if you don’t have one yet)....

While the thought of finally owning your dream home is exciting, 54% of first-time homebuyers view the actual homebuying process as painful, according to TD Bank’s First-Time Homebuyer Pulse, which polled more than 1,000 Americans planning to buy their first homes in 2022. By Cynthia Measom Be Prepared: 10 Hidden Costs of Buying a HouseHelpful: 10 Important Questions To Ask Before Buying a House While it’s likely no surprise that home prices being up (way up in some areas) makes things difficult, other challenges of homebuying might not be as apparent — especially if this is your first attempt at tackling the market....