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About 61 million American children brought $93 billion to their collective households in 2021 through advance child tax credit payments. Unlike the $1,400 stimulus payments that nearly all households received, the child tax credit could have a big impact on your 2021 returns — and a startlingly high percentage of taxpayers simply don’t know what to expect. By Andrew Lisa Taxes in 2022: Find Out Everything You Need To Know About Filing, Refunds and MoreChild Tax Credit Update: Yellen Urges Americans to File Taxes to Get Unclaimed Money If You Qualified, Expect the Credit To Affect Your Refund Whether you took the advance checks like most families, opted out to collect in full in 2022, or had a child after the payments were calculated and missed out the first time around, the child tax credit will impact the taxes of all those who qualified to receive it....

Have you noticed an increase in restaurant dining and takeout costs recently? The recent Consumer Price Index report showed that “food away from home” — which includes takeout, full-service dining and food served at employee sites and school — has risen by 7.2% in the past 12 months. Full-service meals alone rose by 8.7%, its highest jump since 1997. By Dawn Allcot See: 25 Extra Grocery Costs You’re Probably Forgetting AboutFind: 11 Best Prepared-Food Deals at Costco...

By Heather Taylor Discover: 10 of the Best Free Dating AppsAnd More: Date Night on $25: 8 Activities To Do and Places To Go Match Scott Valdez, founder and president of VIDA Select, said the popular paid dating site (and app) Match is generally a good investment for daters over 35. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today....

In 2021, the National Retail Federation reported families spent more than $840 on school supplies With record inflation, this number could inch toward $1,000 this year. By Sam DiSalvo Discover: The Minimum Salary You Need To Be Happy in Every StateMore: Stimulus Check Updates To Know for July 2022 Some of the most expensive items on your child’s list might have you worried about how you’re going to afford school essentials, especially if you have multiple kids in school....

Zelle is a convenient way of sending money straight from your bank account to another U.S. bank account in just minutes. If you want to send your money to your nephew for his birthday, you don’t need to know his bank account number or where he banks. All you need to transfer money from your account to his account is his mobile phone number or email address. An even better feature, Zelle doesn’t charge a fee....

Women typically retire with 34% less in retirement savings than men and they live six to eight years longer on average — so they actually require more savings than their male counterparts. As for why women are retiring with less in savings, there are a number of reasons, but perhaps the biggest factor is that women often take on caregiving duties throughout their working years. By Gabrielle Olya “Women are typically responsible for the children, aging parents or both,” said Amy Ouellette, SVP of retirement services at Vestwell....

If you’ve been toying with the idea of joining a credit union because you think you and your money could be better served, you might be right. “We are now facing inflation rates we haven’t seen in decades,” said Cyndie Martini, CEO and president of Member Access Processing. “Now, more than ever, we need our money to work smarter for us — and that isn’t at a bank. By Cynthia Measom “We all know the legacy reason for going to a bank was the convenience of more branches....

Grandparents often want to contribute to their grandchildren’s futures in the form of money toward college savings, such as contributing to a 529 plan (an education investment account allows for tax-free distributions for college-related costs). However, not every child will choose to go to college, and there are other possibilities to help them save for, such as buying a home or even retiring. By Jordan Rosenfeld The Future of Finances: Gen Z & How They Relate to Money Explore: Your Biggest Money Etiquette Questions Answered Here are nine ways to invest for your grandchildren that they’ll appreciate....

The vast majority of Americans save for retirement through employer-sponsored retirement plans, and just about all voters want that to continue — with the government’s help, according to a new study from the AARP. By Vance Cariaga See: Conversations To Have With Your Parents About Their RetirementFind: Behind on Your Retirement Savings? 6 Money Moves Millennials Should Make To Catch Up The study, titled “Saving for Retirement at Work: Views of Voters Ages 25+,” polled more than 1,000 registers voters ages 25 and older in late September....

In early 2022, bonds have found themselves at a crossroads. While traditionally a safe haven when the stock market is selling off, bonds are facing their own challenges in the face of high inflation and a slew of anticipated rate hikes by the Federal Reserve. So, are bonds still a safe investment? That all comes down to how you define safety. By John Csiszar Tips: The Best Way To Invest Your Money at Every Age, According To ExpertsIs Your Investing Strategy Due for a Financial Checkup?...

Americans who have been dreaming about a vacation in Europe have a perfect combination of price and opportunity this summer — one based on a slumping euro vs. the U.S. dollar, and the other based on the end of most COVID-19 restrictions. By Vance Cariaga See Our List: 100 Most Influential Money ExpertsSmall Business Spotlight 2022: Nominate Your Favorite Small Biz by July 25 The euro dropped below $1.02 late last week, extending a slump to new 20-year lows and bringing the currency closer to parity with the dollar, CNBC reported....

Do you believe in money miracles? Let’s hope so, because according to a new survey, some 40% of American say “it’s going to take a miracle” to retire securely, with COVID-19 making the long-term financial goal all the less attainable. Inflation, interest rates, public debt and the pandemic are all factors affecting the pessimistic outlook. By Yaёl Bizouati-Kennedy Take Our Poll: What Is Your Outlook on a Secure, Timely Retirement?Learn: How Much You Should Have in Your Retirement Fund at Ages 30, 40, 50 and 60...

Have you ever wondered who owns that phone number? You know, the one that keeps calling you and won’t leave you alone? You just want to know who it is so you can tell them to stop calling. There’s an easy way to find out: conduct a reverse phone lookup — for free. By Barri Segal About Reverse Phone Lookups Best Sites But is there a truly free reverse phone lookup?...

World food commodity prices decreased from March’s all-time high, but just slightly — down only 0.8%. That’s still up 29.8% than prices recorded in April 2021, as the Russia-Ukraine war continues to impact markets for staple grains and vegetable oils. By Yaёl Bizouati-Kennedy Read: 10 Reasons You Should Claim Social Security EarlyMore: 10 Kitchen Renovations That Will Hurt Your Home’s Value The data referenced was provided by the Food and Agriculture Organization of the United Nations (FAO) on May 6....

By Gary Dudak The Big Lead: Jobless Claims For the week ending March 26, the advance figure for seasonally adjusted initial jobless claims was 202,000, a slight increase from the previous week. However, the figure underscores how far the job market has recovered from the same week a year ago. Read the full story here More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today....

During your latest trip to the grocery store, did you find that the price of eggs and juice had drastically increased over the past months? According to a recent data report from the Bureau of Labor Statistics, the cost of a carton of eggs has doubled from $1.64 to $2.94 over the past year. By Maddie Duley See: 9 Costco Brand Items That Aren’t Worth the MoneyFind: If Your Credit Score Is Under 740, Make These 4 Moves Now...

Excellent auto rental insurance coverage is a must nowadays, whether you plan to go abroad or stay local. And with the perks that some credit cards offer, taking advantage of auto rental insurance helps you save tremendously on unexpected expenses while maintaining peace of mind. By Hiba Boutary About Rental Car Insurance Chase Sapphire Reserve Details Chase Sapphire Preferred Details Submitting a Claim One example is Chase Sapphire rental car insurance, which is coverage that comes with the Chase Sapphire Reserve® or Chase Sapphire Preferred® cards....

The 2020 Tokyo Olympics weren’t held until 2021 thanks to a painfully long and expensive pandemic-related delay. The postponement alone cost at least $3 billion and the economy of Japan missed out on almost $1.3 billion overall thanks to empty stands, bans on foreigners and tourism dollars never spent, according to Reuters and the Nomura Research Institute. By Andrew Lisa But it isn’t fair to blame the virus alone for the fiscal failure....

The pandemic and rise of inflation have wreaked havoc on everyone’s budgets, and most Americans are struggling to adapt. As the government attempts to right the ship and correct the economy, workers are wary of returning to service positions with low wages and little (if any) benefits. Although tipping 15 to 20% is common advice, there’s worry that tipping averages are dropping with so much uncertainty in the economy. Should we actually be tipping more because of inflation?...

Donald Trump announced on Tuesday, Nov. 15, 2022, that he would be running for re-election in 2024. He is facing competition from Florida Gov. Ron DeSantis who won re-election in a landslide race, according to FOX News, as recent polling shows the governor as a serious rival for the former president. By Dawn Allcot Expert Advice: With Rates So High, Is a High-Yield Savings Account a Better Bet Than the Stock Market?...