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The Money Overview

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Tyler Foster

Latest Articles by Tyler Foster

Government & Policy

Summer EBT sends families $120 per school-age child in 39 states

Millions of families with school-age children across 39 states are set to receive $120 per child this summer through the federal Summer EBT program, a...

Bank Accounts & Fees

You can tell your bank to turn off overdraft coverage so a $5 debit-card purchase can’t trigger a $35 fee

A single debit-card swipe for coffee or gas can still cost a bank customer $35 in overdraft fees, but federal rules give consumers a straightforward...

Tax Changes & Deadlines

Workers with no children can still claim an earned income credit up to $649

Low-wage workers without dependents stand to receive a federal tax credit worth up to $649 for tax year 2025, a benefit that millions of eligible...

Social Security & Medicare

CVS denied 80% of Medicare Advantage long-term-care requests, a federal watchdog found

Seniors enrolled in Medicare Advantage plans run by CVS Health and the two other largest insurers faced denial rates for long-term hospital and rehabilitation care...

Insurance & Protection

Uninsured or paying cash? Hospitals must give you a good-faith cost estimate before they treat you

Millions of Americans who lack health insurance or choose to pay out of pocket for medical care now have a federal right that many still...

Social Security & Medicare

Sign up late for Medicare drug coverage and a penalty rides on your premium forever

Medicare beneficiaries who let their Part D drug coverage lapse for 63 days or more face a permanent surcharge added to every monthly premium payment,...

Fraud & Scams

Imposter scams remain America’s top fraud, and the safest move is to hang up and call the number yourself

Americans lost nearly $3 billion to impersonation fraud in 2024, and the single best defense costs nothing: hang up the phone and call the company...

Social Security & Medicare

10% is added to your Medicare Part B premium for every year you enroll late

Every year that a person delays signing up for Medicare Part B past their initial eligibility window adds a permanent 10% surcharge to their monthly...

Mortgages & Rates

Mortgage discount points cost about 1% of the loan to buy down your rate, paying off only if you stay put

Homebuyers who pay mortgage discount points hand over a fee equal to 1% of their loan amount at closing in exchange for a lower interest...

Government & Policy

More than 1 million older Americans ages 55 to 64 are set to lose food stamps under new work rules

More than 1 million Americans between the ages of 55 and 64 face the loss of food assistance after new federal work rules stripped away...

Retirement Planning

Lose your job at 55? You can tap that 401(k) early without the usual 10% penalty

Workers who lose a job at 55 or older face an urgent cash-flow question: how to cover expenses before standard retirement age without handing the...

Smart Spending

Did you buy a mattress online? An Ashley settlement is handing out vouchers until July 17

Consumers who purchased Nectar, DreamCloud, or Siena mattresses online have a shrinking window to claim vouchers through a settlement tied to Ashley, the furniture giant...

Tax Changes & Deadlines

$5,000 of childcare costs can go through a dependent-care FSA tax-free each year

Working families who pay for daycare, preschool, or after-school programs can shelter up to $5,000 a year from federal income tax through a dependent-care flexible...

Economy & The Fed

Most Federal Reserve officials now expect a rate hike later this year, keeping mortgage and card rates high

Borrowers carrying credit-card balances and adjustable-rate mortgages face another stretch of elevated costs after the Federal Reserve signaled that its next move on interest rates...

Retirement Planning

$95,000 can front-load five years of gifts into a grandchild’s 529 plan at once

Grandparents looking to accelerate college savings for a grandchild can deposit up to $95,000 into a 529 plan in a single calendar year without triggering...

Tax Changes & Deadlines

Pay 100% of last year’s tax in quarterly installments and the IRS won’t hit you with an underpayment penalty

Freelancers, gig workers, and self-employed filers who owed the IRS money last April face the same question again this summer: how much do quarterly estimated...

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