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Ivy League architecture at Princeton University.Loop Images | Getty ImagesMore from Your Money:Here’s a look at more stories on how to manage, grow and protect your money for the years ahead.Often in the form of merit aid, the average tuition discount for first-time, full-time students at private colleges is roughly 56%, Lieber previously reported.But “all of this discounting … goes on behind the scenes,” said Lieber, who is the author of “The Price You Pay for College.”‘High-tuition, high-aid’Over time, there has been a slow shift to a “high-tuition, high-aid” model, where colleges both raise tuition and increase grant aid, according…

Valentinrussanov | E+ | Getty ImagesDespite the government shutdown, the Oct. 15 federal tax extension deadline is fast approaching for many filers.The process could be harder for some taxpayers after the IRS furloughed nearly half of its workforce —about 34,000 employees — earlier this week, experts say.”It’s going to be a long haul if you need any kind of specialized customer experience,” said Jennifer MacMillan, president of the National Association of Enrolled Agents, whose members are tax professionals licensed by the IRS.Read more CNBC personal finance coverageThe original tax deadline was April 15. If you couldn’t meet that due date,…

Vgajic | E+ | Getty ImagesThe IRS has announced new tax inflation adjustments for 2026.Those changes may affect just how much federal taxes families pay in taxes or receive in their refunds come tax time.Qualifying families may see higher amounts for the child tax credit and earned income tax credit in 2026. Moreover, the adoption credit and gift tax exclusion have also been adjusted for next year.In its Thursday announcements, the IRS also increased figures for dozens of other provisions, including federal income tax brackets and long-term capital gains brackets, among others.The IRS announcements came a day after the agency said…

A sudden surge in Nobel Peace Prize odds hints that prediction markets may be less about wisdom and more about who knows first. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images At 5 a.m. Eastern Time on Friday, the Norwegian Nobel Committee announced that this year’s Peace Prize would go to Venezuelan opposition leader María Corina Machado for her “tireless work promoting democratic rights for the people of Venezuela and for her struggle to achieve a just and peaceful transition from dictatorship to democracy.” It came as a surprise. On the two largest prediction markets,…

Tanja Ristic | E+ | Getty ImagesA version of this article first appeared in “CNBC’s Money 101 newsletter with Sharon Epperson,” an eight-week series with monthly updates to help improve your financial well-being. Sign up to receive the series, straight to your inbox. It is also available in Spanish.Mounting debt has been hindering savings for many Americans. About 71% of U.S. adults surveyed say monthly debt payments prevent them from building wealth or savings, according to a recent survey by the National Foundation for Credit Counseling. The NFCC survey of 2,010 U.S. adults was conducted by Harris Poll this spring.Federal Reserve…

Josh Brown.Danielle DeVries | CNBCInvesting can feel daunting for newbies.About 21% of surveyed Americans say stocks aren’t their preferred way to invest because the stock market is too intimidating, according to a Bankrate poll in January. That fear skewed higher for younger people, to 29% of Gen Z members and 24% of millennials, it found.Putting all your money in cash or bonds may feel safe, because it seems like there’s little scope for financial loss — but this is misguided, according to financial advisors.”When you’re young, worrying more about downside than upside is probably the biggest mistake,” said Josh Brown,…

Kate_sept2004 | E+ | Getty ImagesThere’s a big change coming for 401(k) plans that could impact a popular tax break for higher earners, experts say.For 2025, workers can defer up to $23,500 into 401(k) plans, and employees age 50 or older can save an extra $7,500, known as “catch-up contributions.” That catch-up limit jumps to $11,250 for workers age 60 to 63.    Typically, catch-up contributions can be traditional pretax or after-tax Roth, depending on what your 401(k) plan allows. But certain higher earners soon won’t have a choice, thanks to a change enacted via the Secure 2.0 Act of 2022.Starting in…

Pra-chid | Istock | Getty ImagesThe IRS has announced new federal income tax brackets and standard deductions for 2026.In its announcement Thursday, the agency raised the income thresholds for each bracket, which apply to tax year 2026 for returns filed in 2027.The IRS also boosted figures for other provisions, including long-term capital gains brackets, estate and gift tax exemption and eligibility for the earned income tax credit, among others.For 2026, the top rate of 37% applies to individuals with taxable income above $640,600 and married couples filing jointly earning $768,700 or more for 2026.Read more CNBC personal finance coverageFederal income tax brackets show how…

Rockaa | E+ | Getty ImagesThe IRS has unveiled higher capital gains tax brackets for 2026.In its announcement on Thursday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year.  It also increased figures for dozens of other provisions, including federal income tax brackets, the estate and gift tax exemption and eligibility for the earned income tax credit, among others.The IRS announcements come a day after the agency said it would furlough nearly half its workforce due to the ongoing government shutdown. Read more CNBC personal finance coverageThe capital gains rate you pay is based on which bracket…

People walk in front of the the U.S. Department of Education, amid reports that U.S. President Donald Trump’s administration will take steps to defund the federal Education Department, in Washington, U.S., February 4, 2025. Kevin Lamarque | ReutersDespite the government shutdown, the U.S. Department of Education is sending out notices to student loan borrowers that their debt will soon be cancelled.”You are now eligible to have some or all of your federal student loan(s) discharged because you have reached the necessary number of payments under your Income-Based Repayment (IBR) Plan,” reads an email sent to a borrower. CNBC reviewed multiple notices…