ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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More people are filing their taxes for free this year, Medora Lee reports. |
Use of IRS Free File is up 9.7% from a year earlier to 943,000 filings through Feb. 24, the IRS said. Free File allows any taxpayer with an adjusted gross income (AGI) of $79,000 or less in 2023 to file taxes for free through one of eight IRS partners. To access the service, go online to IRS Free File and use guided software. |
If you're eligible, a free filing can save you a pretty penny. An individual taxpayer is estimated to spend 13 hours and $240 in out-of-pocket costs just to prepare and file one annual tax return, according to the Taxpayer Advocate's 2022 annual report to Congress. |
More consumers are getting turned down for loans |
Half of Americans who applied for loans in the past two years were turned down, according to a new survey from the personal finance site Bankrate.com. |
That finding comes at a time when banks have been tightening rules for lending money to consumers. Interest rates have spiked dramatically since 2022, as the Federal Reserve battles inflation. |
According to the new Bankrate survey, the odds of getting approved for a loan today amount to a coin flip. |
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Should we call them Half Foods? |
Whole Foods Market is plotting smaller stores. The supermarket chain, which Amazon acquired in 2017, announced plans to launch a new quick-shop format to offer a convenient experience for customers in urban neighborhoods. The Whole Foods Market Daily Shop will allow for more locations in dense metropolitan areas, Anthony Robledo reports. |
But let's cut to the chase: Will Daily Shops stock chocolate croissants? |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
Daniel de Visé covers personal finance for USA Today. | | | | IRS Free File program use jumps almost 10% from this time a year ago, according to the IRS. | | | |  | Tighter credit leaves potential borrowers in a uniquely unpalatable position: Loans cost more, and it's harder to get one. | | | | Whole Foods Market announced plans to launch a new quick-shop format to offer a convenient experience for customers in urban neighborhoods. | | | | It's crucial to let your company know if you're using ChatGPT or other AI at work. AI should complement human intelligence, not replace it. | | | | Recent inflation readouts provided mixed economic news. Here's what you need to know about inflation and what causes it. | | | | JetBlue and Spirit Airlines are ending their proposed $3.8 billion combination after a court ruling blocked their merger. | | | | Turks and Caicos police reported the flight was heading to Charlotte from the Dominican Republic when a 41-year-old woman fell ill and CPR began. | | | | Many fear AI, but ChatGPT, Bing Chat and other bots can help with tasks ranging from shopping, to planning meals and trips. | | | | Inflation has made Americans wistful for pensions, which guarantee income for life in retirement. Companies may fulfill that need with annuities. | | | | Project 2025, a Republican blueprint for a second Trump administration, contains plans to stamp out the "DEI revolution" in "woke" corporate America. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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