Many Americans plan to use their tax refunds to build savings in 2023, survey says

Many Americans plan to use their tax refunds to build savings in 2023, survey says

Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.

Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.

Medicare beneficiaries would need more than $300,000 for healthcare costs in retirement: EBRI

Medicare beneficiaries would need more than $300,000 for healthcare costs in retirement: EBRI

Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.

Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.

Jury scam in Harris County targets more than 60 victims out of nearly $5K each

Jury scam in Harris County targets more than 60 victims out of nearly $5K each

A jury scam is happening in Harris County, where more than 60 victims were scammed out of as much as $5,000 each. Most of the victims are local doctors.

A jury scam is happening in Harris County, where more than 60 victims were scammed out of as much as $5,000 each. Most of the victims are local doctors.

Sullivan's Smart Sense: How safe is keeping your money in a bank?

Sullivan's Smart Sense: How safe is keeping your money in a bank?

During this week's edition of Sullivan’s Smart Sense, Consumer Reporter Heather Sullivan talks with a financial expert about how you can really ensure your money is safe in a bank.

During this week's edition of Sullivan’s Smart Sense, Consumer Reporter Heather Sullivan talks with a financial expert about how you can really ensure your money is safe in a bank.

Grant program offers unique program for Houston’s small business owners

Grant program offers unique program for Houston’s small business owners

Small businesses, in Houston, that survived the pandemic and are still trying to grow, can apply for a grant of $10,000 worth of digital assistance.

Small businesses, in Houston, that survived the pandemic and are still trying to grow, can apply for a grant of $10,000 worth of digital assistance.

Seniors worry Social Security increase not enough to cover rising costs: Survey

Seniors worry Social Security increase not enough to cover rising costs: Survey

More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.

More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.

You missed the tax deadline. Now what?

You missed the tax deadline. Now what?

The tax deadline is a little over a week away, but if you miss it, don’t worry, the IRS has options to avoid paying fees and penalties.

The tax deadline is a little over a week away, but if you miss it, don’t worry, the IRS has options to avoid paying fees and penalties.

Liquidation stores offering deep discounts
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Liquidation stores offering deep discounts

If you're looking to save money, listen up! There is a little known secret to buying just about every item you could find in a store for just a few dollars. FOX 26 Consumer Reporter Heather Sullivan reports on where you can save big.

If you're looking to save money, listen up! There is a little known secret to buying just about every item you could find in a store for just a few dollars. FOX 26 Consumer Reporter Heather Sullivan reports on where you can save big.

Gas prices increase as OPEC cuts oil production

Gas prices increase as OPEC cuts oil production

After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.

After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.

Mortgage rates continue to decline: Freddie Mac

Mortgage rates continue to decline: Freddie Mac

The average rate for a 30-year fixed-rate mortgage dropped to 6.28% for the week ending April 4, according to Freddie Mac's Primary Mortgage Market Survey.

The average rate for a 30-year fixed-rate mortgage dropped to 6.28% for the week ending April 4, according to Freddie Mac's Primary Mortgage Market Survey.

How to make yourself better than a bot
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How to make yourself better than a bot

Are you better at your job than a bot? Artificial intelligence is all the rage, but there is value in making sure your position is robot-proof.

Are you better at your job than a bot? Artificial intelligence is all the rage, but there is value in making sure your position is robot-proof.

IRS promises more audits of wealthy taxpayers, better customer service

IRS promises more audits of wealthy taxpayers, better customer service

IRS officials pledge not to raise audit rates on small businesses and households making under $400,000 annually. A new report from the agency says most of the money for the program is to pursue high-wealth individuals and companies.

IRS officials pledge not to raise audit rates on small businesses and households making under $400,000 annually. A new report from the agency says most of the money for the program is to pursue high-wealth individuals and companies.

Most Americans don’t know these financial solutions could help lower their tax burden: survey

Most Americans don’t know these financial solutions could help lower their tax burden: survey

Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.

Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.