Treasury Department

How Do Savings Bonds Work? Know the Facts and Save Securely

Savings bonds are securities issued by the US Treasury Department. When a person purchases a savings bond, they are lending their money to the US government, and in turn, earning interest. Savings bonds are low-risk, low-return investment options that mature over a span of time. Since savings bonds are backed by the “full faith and

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This Savings Bond Now Pays Nearly 7% — Should You Buy?

The U.S. Treasury is still offering an impressive return, but this investment is not necessarily right for everyone.

Where’s My Amended Tax Return? Check Your Form 1040-X Status

If you’ve filed Form 1040-X to amend a prior year’s tax return, the IRS offers some online resources to help you track the status of your submission.

Debit Limit Ceiling Crisis Could Hit Your 401(k), Social Security and Medicare

America’s debt ceiling was reached — again — on January 19, 2023 as the country exceeded its $31.4 trillion spending cap. The cap was raised to that amount in December 2021. As much terms like “ceiling” and “cap” are used … Continue reading →

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HARP May Be Expanded and Extended to Promote Mortgage Refinancing

There’s been a lot of buzz about the Home Affordable Refinance Program lately. While it has picked up steam in recent months, thanks to the removal of the LTV barrier, it’s still not reaching millions of underwater homeowners in need of a lower mortgage payment. Fortunately, there have been stirrings of expansions and extensions aimed… Read More »HARP May Be Expanded and Extended to Promote Mortgage Refinancing

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How a government debt ceiling crisis could affect future travel

The U.S. government has just reached its debt ceiling for the first time since 2011. Though lawmakers funded the federal government through the end of the fiscal year 2023 in December, they still borrow money to fund ongoing operations via a debt ceiling. “The federal government is like any other person with a credit card …

Treasury Bills vs. Bonds: What’s the Difference?

Fixed-income securities play an important role within individual investment portfolios and the economy at large. But like other securities, fixed-income instruments come in a myriad of variations, from short-term Treasury bills that only pay interest when the bill matures, to … Continue reading →

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