MoneyWatch

Consumers in the market for an electric vehicle in early 2023 could get a bigger-than-expected tax credit come January 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks. The department late Monday said it won’t finish the rules that govern where battery …

Seniors have one more day to make changes to their Medicare plans, including picking a new Medicare Advantage plan, with open enrollment for the program closing at the end of December 7. Medicare Advantage plans are increasingly popular with seniors, with nearly half of Medicare-eligible Americans opting for one of …

More children are overdosing on the cough suppressant benzonatate as prescriptions for the drug — sold under the brand name Tessalon — have increased, a study released Tuesday found.  Researchers at the U.S. Food and Drug Administration say their findings, published by the American Academy of Pediatrics, is another reminder …

America’s rapidly aging society is placing financial strain on its two core old-age programs, Social Security and Medicare. Now, as Republicans are close to winning back control of the House in the midterm elections, some lawmakers are embracing plans for overhauling the programs — including raising the age for seniors …

Elon Musk is set to cut about 3,700 jobs at Twitter, representing about half of the company’s staff, according to Bloomberg News, Reuters and other media reports. Employees started to receive notice Friday of whether they would lose their jobs, with some people tweeting about their status using the hashtag #OneTeam. …

A lawsuit alleging that Barilla misleads customers into believing its pasta is made in Italy can move forward starting next month, a federal judge ruled this week.  Two California residents, Jessica Prost of Los Angeles and Matthew Sinatro of San Francisco, claim that Barilla is falsely labeling some of its …

Every fall, the Social Security Administration makes an announcement that has a major impact on the 66 million people who receive benefit checks. The annual inflation adjustment is aimed at keeping seniors from losing purchasing power. The agency on Thursday said its 2023 cost-of-living adjustment, or COLA, will be 8.7%, …

Borrowing costs for home loans have reached their highest point in 16 years, with the interest on a conventional 30-year mortgage hitting 6.7% on Wednesday, according to Freddie Mac. Mortgage rates have now more than doubled since the beginning of 2022. As measured by their “effective” rate, which factors in …

U.S. mortgage rates continue to rise, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate jumped to 5.89% from 5.66% last week. That’s the highest the long-term rate has been since …

The Biden administration’s plan to forgive up to $20,000 in student loan debt is slated to lift a financial burden from millions of Americans. Yet the plan could add tax bills as high as $1,100 for borrowers in some states, according to a recent Tax Foundation analysis. That may catch …