Personal taxes

Inflation divide: The wealthy splurge, the poorest pull back

NEW YORK (AP) — Americans at the low end of the income rung are once again struggling to make ends meet. A confluence of factors—the expiration of federal stimulus checks and surging inflation on staples like gas and food—are driving an even bigger wedge between the haves and have-nots. While wealthier shoppers continue to splurge, …

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Your Social Security check might be taxed. How that could change

Fertnig | E+ | Getty Images Death and taxes are two certainties in life, as the saying goes. But many people may not realize their Social Security benefits they receive from the government are also subject to taxes. The way in which those levers are applied is unique. A recent MassMutual quiz found just 42% …

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