Personal finance

Cabania | iStock | Getty Images Plus Congress has passed a $2 trillion coronavirus stimulus bill, and you’re probably already counting up the money you could receive in relief checks — if you’re eligible. Generally, individuals who earn $75,000 or less qualify for $1,200 one-time payments, while couples making $150,000 or less may receive $2,400.

Tetra Images | Getty Images Congress passed new legislation Friday that will put stimulus relief checks in the hands of millions of Americans. The checks will amount to $1,200 for those who earn $75,000 or less, and $2,400 for couples making $150,000 or less. The legislation now heads to the desk of President Donald Trump,

People looking to start investing have found the right moment, personal finance expert Suze Orman told CNBC on Thursday. “There couldn’t be a better time to start investing [than] right now,” Orman said on “Fast Money.”  Orman’s comments came after another strong day for stocks amid weeks of coronavirus-driven volatility. The S&P 500 rose more than 6%

Yellow Dog Productions  What does the legislation do? The bill — the Coronavirus Aid, Relief and Economic Security Act — expands unemployment insurance, a program enacted in 1935 to provide temporary income support for workers who lose their jobs. The legislation does three primary things: offers bigger unemployment checks, increases the duration of those payments and extends

White flag blowing in the wind Derek Brumby After weeks of steep market declines, you may feel you’ve had enough, that you want your hard-earned money during these uncertain times with you, under quarantine. And who could blame you? Headlines warn us that we’re careening toward a global financial crisis uglier than 2008, and the

Everyday Americans are about to get a one-time cash infusion. As part of a relief bill to combat the economic impact of the coronavirus pandemic, the government is expected to provide payments of up to $1,200 for individuals or $2,400 for married couples, up to a certain income threshold, as well as $500 per child. 

NoDerog | iStock | Getty Images As Congress pushes through a $2 trillion stimulus bill, some Americans can expect checks from the government to help them cope with the economic devastation stemming from the coronavirus crisis. Those payments are expected to be $1,200 for individuals, or $2,400 for those who are married and file income

Senate Majority Leader Mitch McConnell (R-KY) speaks to reporters following the Senate Republican policy luncheon which both President Donald Trump and Vice President Mike Pence attended on March 10, 2020 in Washington, DC. Samuel Corum | Getty Images The federal coronavirus relief bill would allow taxpayers to nab a $300 deduction for charitable giving –

katleho Seisa Congress may permit retirees to skip required minimum distributions from their retirement savings. The House coronavirus relief bill, which was released yesterday, contains a provision that waives for 2020 the required minimum distributions from individual retirement accounts and workplace retirement plans. A similar provision is in the latest version of the Senate bill.

Jamie Grill | Getty Images More than a decade ago, the markets were sent into a tailspin during the financial crisis of 2008-2009. But it turns out investors who left their retirement nest eggs alone fared best. That’s according to research from J.P. Morgan, which used the firm’s own data combined with research from the

Women wearing face masks, amid concerns of the COVID-19 coronavirus, walk past a display showing a countdown to the start of the Tokyo 2020 Olympic Games in Tokyo on March 23, 2020. Charly Triballeau | AFP via Getty Images Like almost everything surrounding the coronavirus, the postponement of the Summer Olympics in Tokyo to next

Rep Ilhan Omar (D-MN) takes part in a discussion on “Impacts of Phobia in Our Civic and Political Discourse” during the Muslim Caucus Education Collective’s conference in Washington, July 23, 2019. Kevin Lamarque | Reuters Democratic Reps. Ilhan Omar of Minnesota and Ayanna Pressley of Massachusetts introduced legislation on Monday that would suspend student loan

Getty Images Several Democratic senators have teamed up to propose giving Social Security beneficiaries an extra $200 per month in the wake of the coronavirus pandemic and the economic devastation it is causing. The plan was put forward last week by Sens. Elizabeth Warren, D-Mass.; Chuck Schumer, D-N.Y.; and Ron Wyden, D-Ore. The extra income

As the U.S. economy skids and many Americans scramble to make ends meet during the coronavirus pandemic, one casualty may be credit scores. Some congressional lawmakers want to prevent that.  A Senate bill introduced last week would prevent negative information from reaching your credit report for at least four months, as the nation continues battling

Across the country, parents are adjusting to a new normal. School and office closings mean that everyday education- and work-related activities, from business meetings to math lessons, now take place at home.  As of March 19, at least 95,000 U.S. schools have been closed or are scheduled to close in response to the growing coronavirus

US Treasury Secretary Steven Mnuchin arrives to testify during a House Ways and Means Committee hearing about the Fiscal Year 2021 budget request on Capitol Hill in Washington, DC, March 3, 2020. Saul Loeb |  AFP | Getty Images You now have until July 15 to file your taxes. However, if you’re expecting a refund,

Erica Cisneros, of San Anselmo, California, helps her daughters, third-grader Emilia and fourth-grader Eden, with schoolwork at their home. Both of the schools that the girls attend are closed because of COVID-19. Ezra Shaw It’s no fun thinking about scary things that may or may not happen. However, what’s even less fun is not being

Treasury Secretary Steven Mnuchin prepares to deliver remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ-Roll Call | Getty Images The IRS is extending the federal income tax filing deadline to July 15 as part of a growing effort to

Princeton University’s campus was largely deserted as of March 18, 2020 as a growing number of colleges require students to leave for the remainder of the spring semester. Jessica Dickler | CNBC “Stay healthy, stay home,” reads a lit-up sign outside the gates of Princeton University. On campus, the majority of students are gone although

PeopleImages Coronavirus scams are emerging, and many look remarkably similar to frauds from the 2008 financial crisis. Government agencies like the Federal Trade Commission and Federal Deposit Insurance Corp. issued warnings this week for Americans to be vigilant as con artists attempt to steal from consumers spooked by an onslaught of bad news related to