ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Well, it's been a crazy week, here in the nation's capital. A few headlines: |
On Tuesday, the U.S. Postal Service suspended inbound parcels from China and Hong Kong Posts until further notice. "Further notice" arrived on Wednesday, when the service announced it would accept the packages, after all. |
The flurry of postal-service news will not impact the flow of letters and large envelopes from China and Hong Kong. |
Has IRS Direct File been deleted? |
The average American who hires a tax preparer to file even a simple return will spend upwards of $200, according to industry estimates. This year, however, taxpayers have more options than ever to avoid that expense. |
Money stress doesn't stop Americans from spending |
Consumers say they are stressed about money. But they are also spending money at a brisk pace. |
According to data from the U.S. Census Bureau, retail sales during the 2024 holiday season grew an unexpectedly high 4% over 2023 numbers, to a record $994.1 billion. That was higher than forecast by the National Retail Federation (NRF). And sales for the full year grew 3.6% over 2023, the NRF said. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | The U.S. Postal Service previously announced it would suspend accepting inbound parcels from China. By Wednesday morning, the decision changed. | | | | This should be a banner year for taxpayers seeking free tax-preparation. But one key IRS program is under fire. | | | | What's the disconnect between consumers saying they are worried about the economy but holiday spending was at record highs? | | | | Those looking to order eggs with their Waffle House meal should now expect to pay a 50-cent surcharge per egg. | | | | Here are the top 100 tax and top 100 accounting firms for your finances from a USA TODAY/Statista survey of professionals and clients. | | | | Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a bill on Tuesday that would cap credit card interest rates at 10%. | | | | Remarks about disabled workers after midair collision and recent White House moves have alarmed federal employees with disabilities. | | | | There are millions of Americans who rely on Medicare for health coverage. And if you're retiring this year, you may be gearing up to enroll as well. | | | | Are eggs the new toilet paper where consumers are stockpiling due to shortage? | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | 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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