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Author: Elisabeth Buchwald, USA TODAY

Money

Inflation slows to 5% in March, a nearly 2-year low, but core consumer price gains accelerate

April 12, 2023April 12, 2023Elisabeth Buchwald, USA TODAYComments Off on Inflation slows to 5% in March, a nearly 2-year low, but core consumer price gains accelerate

March consumer price index report shows annual inflation slowed again. But core consumer price index jumped 5.6%

Money

When is the final day to file taxes in 2023? Did the tax deadline get extended?

April 11, 2023April 17, 2023Elisabeth Buchwald, USA TODAYComments Off on When is the final day to file taxes in 2023? Did the tax deadline get extended?

The final day to file taxes is April 18 for most people. But the IRS extended the deadline for some states that experienced recent storms.

Money

How to call the IRS and reach a real person

April 5, 2023Elisabeth Buchwald, USA TODAYComments Off on How to call the IRS and reach a real person

The IRS has multiple different phone numbers you can call to reach a live person.

Money

Fed hikes interest rate 0.25 point to curb inflation despite banking turmoil

March 22, 2023March 22, 2023Elisabeth Buchwald, USA TODAYComments Off on Fed hikes interest rate 0.25 point to curb inflation despite banking turmoil

The Federal Reserve raises its key interest rate by a quarter point to curtail inflation despite banking stress.

Money

Consumer price inflation rate slows to 6% in February, but prices post strong monthly gain

March 14, 2023March 14, 2023Elisabeth Buchwald, USA TODAYComments Off on Consumer price inflation rate slows to 6% in February, but prices post strong monthly gain

February CPI report shows annual inflation eased again but prices increased sharply on monthly basis. Core CPI gain slowed to 5.5%

Money

Silicon Valley Bank failed. FDIC covers some of the money, but only up to $250,000.

March 10, 2023March 11, 2023Elisabeth Buchwald, USA TODAYComments Off on Silicon Valley Bank failed. FDIC covers some of the money, but only up to $250,000.

Banks don’t fail frequently. Silicon Valley Bank was the first since 2020. Since the bank is FDIC-insured many customers will gain access to deposits

Money

How to get rid of credit card debt and remain debt free

March 9, 2023Elisabeth Buchwald, USA TODAYComments Off on How to get rid of credit card debt and remain debt free

The average American’s credit card balance is more than $5,000 as credit card debt is at a record high. Here are the best ways to pay off that debt.

News

‘Things just kept getting more expensive and worse’: Credit card debt is surging but fewer Americans can pay it off

March 9, 2023Elisabeth Buchwald, USA TODAYComments Off on ‘Things just kept getting more expensive and worse’: Credit card debt is surging but fewer Americans can pay it off

During the pandemic, many Americans improved their credit scores and paid off debts. But they’re piling it on at a record level with high inflation.

Money

How far back can the IRS audit you? What to know about IRS audit triggers, letters and more

March 2, 2023March 3, 2023Elisabeth Buchwald, USA TODAYComments Off on How far back can the IRS audit you? What to know about IRS audit triggers, letters and more

If you receive an audit letter from the IRS don’t ignore it. Respond in a timely manner to avoid paying fees.

Money

What triggers an IRS audit? Here are red flags that increase the chance of being audited

March 2, 2023March 3, 2023Elisabeth Buchwald, USA TODAYComments Off on What triggers an IRS audit? Here are red flags that increase the chance of being audited

What triggers an IRS tax audit? Make sure to correctly report your income from a W-2 or similar tax form. If you don’t it may trigger an audit.

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