Delayed IRS reporting rule to require many Venmo, Cash App users to pay taxes

A new rule, that's been delayed a year, will require taxes to be paid on many transactions occurring through mobile payment apps like Cash-App and Venmo.

IRS rule to make Cash-App, Venmo more complicated
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With the new year comes new responsibilities. A new rule, that's been delayed a year will require taxes be paid on many Cash-App, Venmo, and Pay Pal transactions, and a lot of people are not too happy about it. FOX 26's Business Reporter Tom Zizka reports more on the changes coming to the mobile transaction apps.

Secure 2.0 Act: Changes to your retirement savings
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The $1.7 trillion federal spending bill, Secure 2.0 Act, passed before Christmas includes 90 changes to retirement savings that are aimed at helping you to be better prepared for retirement. FOX Consumer Reporter Heather Sullivan speaks to Robert Gilliland, managing director and senior wealth advisor with Concenture Wealth Management, about what people can expect to change.

Biden administration unveils defense of student loan forgiveness plan at Supreme Court

The Biden administration launched its defense of its student loan forgiveness plan before the Supreme Court. Here’s how to lower your student loan monthly payments.

Walgreens concedes exaggerations of retail theft

A top Walgreens executive conceded that pharmacy chain brass may have exaggerated the threat of organized retail theft.

$940M Mega Millions among latest massive jackpots

The lottery prize ranks as the sixth largest in U.S. history, with the drawing set for Friday night. Recently, a player in California won a record $2.04 billion Powerball jackpot.

FTC proposes rule banning noncompete clauses for workers

The Federal Trade Commission says the rule would open new job opportunities for 30 million Americans and raise wages by $300 billion a year.

Personal loan origination fees: Are they worth the cost?

A personal loan origination fee is paid upfront when you take out a loan. If you’re wondering if origination fees are worth the cost, here’s what you should know.

Secure 2.0 Act will help Americans build emergency savings: Here's how

Beginning in 2024, sponsors of individual account plans can create "emergency savings accounts" that allow employees to make Roth after-tax contributions to special savings account within the retirement plan.

Paying off debt is top priority for many consumers in 2023: survey

Seventy-four percent of respondents said that cost of living increases impacted their spending decisions for 2023. However, 36% said they still planned to prioritize paying off debt.

Secure 2.0 Act: Student loan payments will count toward 401(K) matching contributions

The Secure Act 2.0 will let companies make 401(k) employer matches based on employees’ qualified student loan payments, beginning in 2024. Here’s how to pay down student loan debt quickly.

Here's when Social Security payments with 2023 COLA increase will arrive

Millions of Social Security recipients will start getting an 8.7% boost in their benefits this month. The payment date depends on the recipient's birthday.