Latest news with #Nerdwallet
USA Today
22-05-2025
- Automotive
- USA Today
Memorial Day 2025 car deals: From EVs to pickups save big bucks with these incentives
Memorial Day 2025 car deals: From EVs to pickups save big bucks with these incentives These financing and leasing deals are among the most lucrative for car buyers this Memorial Day 2025. Show Caption Hide Caption AAA expecting busy Memorial Day weekend for travel Officials with AAA believe over 45 million people will travel at least 50 miles from their homes for the upcoming Memorial Day weekend. Fox - 10 Phoenix Car dealers across the country are offering Memorial Day 2025 specials. Some of these financing and leasing deals could save drivers thousands of dollars. Chevy's 0% APR financing and Kia's two-year EV lease under $200/month are among most notable deals. Memorial Day is a time to mourn and honor U.S. military servicemembers who died in service to their country. The American auto industry also uses Memorial Day weekend as an opportunity to offer special financing and leasing incentives to drivers. Some of the wildest offers include a 24-month lease for just $182 a month on an electric SUV and brands like Chevrolet are offering 0% APR financing on select models. Here are some of the most affordable leasing and financing deals car brands are offering for Memorial Day 2025. Financing and leasing deals may vary based on location and credit rating. Kia is leasing this electric SUV for $182 a month You can lease a 2025 Kia Niro EV in Macomb County, Michigan, for just $182 a month for 24 months with $5,114 due at signing. That amounts to around $9,482 for two years with the Niro EV. The lease deal expires on June 2. The Kia Niro EV is a crossover electric SUV with decent range and plenty of standard technology. The electric SUV can travel for 253 miles on a full charge. This Niro lease deal is among the cheapest electric vehicle lease deals of the month. Furthermore, a short-term two-year lease gives drivers the opportunity to temporarily switch to electric. Lease a Nissan Ariya for $289 a month You can lease a 2025 Nissan Ariya small electric SUV for $289 a month for 36 months with an initial payment of $4,909 in some regions. That amounts to a total cost of $15,313 for three years with Nissan's EV. Nissan's electric SUV is "quick, quiet, and roomy, according to a review by Consumer Reports. It has 216 miles of standard driving range, but larger battery models are capable of traveling for up to 289 miles on a full charge. Chevrolet offers 0% APR financing on a best-selling SUV Electric vehicles aren't the only vehicles with great incentives for drivers to take advantage of. Chevrolet is currently offering 0% APR (annual percentage rate) for 60 months on the 2024 Suburban at select Chevrolet dealers. This means Suburban buyers won't pay any interest on their loans for five years. The average car loan is close to six years, according to Nerdwallet. So if you take advantage of this financing incentive and pay off the loan in five years, you could potentially save thousands of dollars in interest payments. Chevrolet says you must finance with GM Financial to utilize this incentive. The 2024 Chevrolet Suburban is a three-row SUV with plenty of cargo capacity (144.7 cubic feet). The Suburban is best-known for its roomy interior and class-leading trunk space. It's "a quintessential full-size SUV", according to CarAndDriver. Honda offers 1.99% APR financing on its pickup truck The Honda Ridgeline is a midsize pickup truck that competes with popular models like the Toyota Tacoma. It's known for its smooth ride quality because of its unique unibody design. Honda is offering 1.99% APR financing for 24-36 months on the 2025 Honda Ridgeline at select Honda dealers. Drivers who take advantage of this incentive could pay as little as $28.64 a month in interest (with a 10% down payment), according to Honda. The average new car APR for drivers with a 'superprime' credit score (781-850) was 4.77% in 2024, said an article by Nerdwallet. If Honda dealers in your area are offering this incentive, you could finance a 2025 Honda Ridgeline with relatively small interest payments compared to the average new car APR. It's cabin is comfy and its two-way tailgate is versatile, said Edmunds' team of expert vehicle reviewers. Toyota 2025 Camry for $299 a month lease The 2025 Toyota Camry is completely redesigned and features a standard hybrid powertrain. Toyota's midsize sedan is a best-selling model in its segment that competes with popular rivals like the Honda Accord. You can lease a 2025 Toyota Camry LE (at select Toyota dealers) for just $299 a month for 36 months with $3,999 due at signing. Additional fees may apply, but this incentive works out to around $14,763 for three years with the new Camry. The 2025 Toyota Camry LE front-wheel drive achieves a whopping 53 miles per gallon in the city and 50 miles per gallon on the highway. It's easily one of the most efficient new midsize cars on the market thanks to its hybrid powertrain.
Yahoo
20-05-2025
- Business
- Yahoo
The GOP is proposing $1,000 ‘MAGA' savings accounts for kids. Here's how they would stack up next to existing investment options
Republicans are proposing the creation of a new tax-preferred savings account for children dubbed the 'money account for growth and advancement,' or MAGA account, in their 'one big beautiful' tax bill. The proposal calls for giving $1,000 to children born between 2025 and 2028 to kickstart savings, and supplies other incentives for parents to save for their kids' future. As currently written in the draft legislation, the MAGA account would allow parents to contribute up to $5,000 per year that would be invested in U.S. equities. Money contributed to the account could be put toward qualifying expenses like school or job training expenses, to buy a home, or to start a small business. Republicans are still working out what they mean by tax advantaged. One plan says it would be 'exempt for taxation,' while another bill summary says the withdrawals would be taxed at the long-term capital gains rate, akin to a brokerage account. The government could also contribute, and those would not be subject to a cap. Sen. Ted Cruz, R-Tx., previously told Semafor that the accounts would help children in the U.S. 'begin the journey of savings and benefit from the wonders of compound interest.' The U.S. Treasury would automatically set up accounts for those who do not have them, and fund them with a one-time $1,000 payment for the next four years. The proposal also calls for letting parents with kids under the age of 8 establish an account, though only newborns receive $1,000. Half of the funds could be withdrawn between the ages of 18 and 25, while any remaining funds would have to be disbursed by 31. The proposed MAGA savings accounts would represent a new vehicle for parents to save for their children, but states have long offered variations of such plans—meaning parents would want to evaluate the various merits of each. Parents already have some tax-preferred savings options for their kids, albeit with slightly different parameters. A 529 savings plans is most commonly structured as a tax-advantaged investment account that can be used to pay for qualified education expenses like tuition. The plans and their exact tax structure vary by state, but so long as the funds go toward qualified educational expenses, earnings and withdrawals are tax free. Until the MAGA bill writers define the final tax incentives, it's unclear if a given state plan would be more or less advantageous. Many states also offer other tax deductions and credits related to education. A custodial Roth IRA, meanwhile, is a Roth retirement account managed by a parent or guardian for the benefit of their under-18 (or 21, depending on the state) child. When they reach adulthood, the accounts are rolled over to a standard retirement vehicle. And depending on how withdrawals are taxed, they may not be that advantageous to many savers, says Sam Taube, lead investing writer at personal finance site Nerdwallet. If withdrawals are taxed at the long-term capital gains rate, 'this would effectively be the same tax treatment as a passively-invested brokerage account, except that in a normal brokerage account, all sales of investments that have been held for more than one year are taxed at the long-term capital gains rate, regardless of what you're using the money for,' says Taube. In that way, the MAGA account would actually be less advantageous, because it limits when beneficiaries can use the funds and what they can be used for. Aside from what funds invested in the accounts can be used for, one of the main differences between the proposed MAGA accounts and existing accounts for kids is the $1,000 the federal government is proposing to give children born from 2025 through 2028 says Taube. But similar funding options exist at the state level in some places. Taube points to Colorado's First Step Program, which gives a $100 contribution to a 529 plan at birth, and matches $1,000 contributions during an eligible account's first five years of funding. Parents can check out the National Conference of State Legislatures for more information on what their states offer. Something to watch out for, says Taube, is that some state 529 programs have income limits, and the funds can only be spent on educational expenses, limiting their usefulness. 'The proposed MAGA accounts, in their current form, may offer a little more flexibility, both in terms of income-based eligibility and in terms of what the money can be spent on,' says Taube. 'But it's not one-or-the-other. Given that the proposed MAGA accounts are not 529 plans, parents could take advantage of both.' Overall, it's 'hard to say' what the effect of the GOP's broader proposed $5 trillion tax bill will be on Americans' personal finances, says Taube. The current proposal calls for eliminating certain tax cuts, while expanding others. It also taxes private university endowments, which could lead to additional costs passed onto students. The bill also calls for cutting Medicaid benefits, which would likely financially harm low-income Americans. The GOP tax bill is still being debated, and needs to pass both the House and Senate before President Donald Trump can sign off on it, something that could take months. Republicans are under something of a ticking time bomb to pass their bill. The last time Trump was in office, the sweeping tax legislation he signed into law came with an end date: Most of the provisions, especially those related to individual tax cuts, would expire at the end of 2025. That includes lower tax rates for many Americans, as well as a more substantial estate and gift tax exemption and other tax breaks. As it stands, Republicans are torn on a few of the provisions, including deep cuts to Medicaid and the state and local tax deduction known as SALT. This story was originally featured on
Yahoo
19-05-2025
- Business
- Yahoo
Las Vegas tourism sees 7.8% decline in visitors — Trump's gamble with policies may be why
Las Vegas is a popular destination for tourists, but visitors aren't flocking to the city in the numbers they once were. In March 2025, visitor volume was down by 7.8% from the same period last year, according to the Las Vegas Convention and Visitors Authority (LVCVA). Beyond falling visitor numbers, gaming revenue on the Strip, where many of the iconic hotels and Vegas experiences exist, was down 4.8%. Gaming revenue was up on the Boulder Strip and Downtown, but they rake in a fraction of the revenue that the Strip sees. Hotel occupancy in the city reached 82.9%, down from 85.3% last year, and the total room nights occupied was down by 6.1% year over year. On the face of it, a drop of 7.8% in the overall number of visitors to Vegas is a startling reality. The city's tourism-based economy relies heavily on the dollars that out-of-towners spend in their hotels, restaurants, bars, casinos, and more. Although the city is experiencing a drop in overall visitors, not all forms of foot traffic are down. Surprisingly, convention attendance is up by 10%. The spike in convention attendance is due in large part to a recent health care conference, which brought a massive number of attendees to the city. But since this conference rotates locations each year, Vegas likely won't enjoy this conference-related bump to the economy next year. It's clear that visitor traffic is down in Las Vegas, and there appear to be multiple contributing factors. The LVCVA report cited 'a slightly less‐packed event calendar and as‐yet unclear impacts of evolving federal policies rippling through international and domestic markets.' The Trump administration's tariff and immigration policies are unpopular around the world. International visits to the U.S. fell approximately 14% in March from the same period last year, according to government data cited by the U.S. Travel Association in April. It added that 'domestic travel has held relatively steady so far in 2025 — but early signs suggest this momentum may not last.' Many visitors may be choosing to skip a Vegas vacation due to cooling feelings toward the U.S. Last year, the city drew five million international visitors, and more than half were from Canada and Mexico, according to the LVCVA. U.S. relations with both countries have been tense lately. Americans may also be nervous about the economy and spending. A recent Bankrate survey found that only 46% of U.S. adults plan to travel domestically or internationally this summer, down from 53% last year. Sixty-five percent of the non-traveler group said it's because they can't afford it, even though travel costs are actually down compared to this time last year, per Nerdwallet. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
01-05-2025
- Business
- Yahoo
Is Nerdwallet, Inc. (NRDS) A Stock That Should Double in 3 Years?
We recently published a list of the 30 Stocks That Should Double in 3 Years. In this article, we are going to take a look at where Nerdwallet, Inc. (NASDAQ:NRDS) stands against other stocks that should double in 3 years. On April 25, Kari Firestone, Aureus Asset Management executive chairman and co-founder, joined CNBC's 'Squawk Box' to discuss the latest market trends and express how this is a reasonable place for long-term investors to enter the market. Despite persistent concerns about a recession coming from tariffs, Firestone thinks that corporate earnings have generally exceeded expectations. The strong performance of major tech companies has been a key driver behind the market's recent gains, such as those in the MAG7. Elaborating on the significance of these tech giants, Firestone also underscored that the top 2 companies in the S&P 500, regardless of which they are, match the market value of the bottom 300 companies in the index. This concentration means that these leading firms are fundamental to the US economy's progress. The conversation then addressed the impact of proposed FDA budget cuts on innovation for biotech companies. Firestone agreed that such cuts could slow down the approval process for new products and drug manufacturing, and she advised against reducing the FDA's budget. However, she believes that the market has already priced in these risks. She compared the situation to previous market overreactions, such as the 32% drop during the early COVID-19 period, which was followed by a rapid recovery. Firestone also concluded that the market is now fairly valued. Some sectors offer attractive opportunities due to recent price declines. She assessed the overall market valuation in light of tariff uncertainties and the recent rebound from a 20% drop to a current decline of about 10.5%. She explained that the market's price-to-earnings multiple has decreased from 22.5x next year's earnings to 18.5x, assuming no severe recession. She's confident that the market is unlikely to end the year lower than current levels and recommends that long-term investors enter the market at this stage. Firestone believes that the market has partially priced in the impact of tariffs. She estimated that a 5% to 10% tariff is reflected in current prices. While a full-blown recession may not be entirely priced in, a slowdown likely is. We sifted through financial media reports and Reddit threads to compile a list of the top 30 stocks that should double in 3 years. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database which tracks the moves of over 1000 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A digital platform displaying a range of financial products and services. Number of Hedge Fund Holders: 22 Nerdwallet, Inc. (NASDAQ:NRDS) operates a digital platform that provides financial guidance to consumers and small and mid-sized businesses (SMB) in the US, the UK, Australia, and Canada. The NerdWallet app delivers various financial products, such as credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans. In Q4 2024 alone, the company's Insurance revenue surged by 821% year-over-year to $72 million. This growth was attributed to consistent improvements in demand from both consumers and partners. For the full year 2024, the Insurance vertical generated $192 million in revenue, which was up 326%. However, other revenue-generating segments at NerdWallet (NASDAQ:NRDS) declined in Q4. For instance, Credit card revenue declined by 19% to $35 million. Despite these drops, the company was able to make a total revenue of $183.80 million in Q4, which was up 37.47%. While Nerdwallet, Inc. (NASDAQ:NRDS) anticipates growth in the Insurance segment during H1 2025, the company expects to face tougher year-over-year comparisons in H2 of the year. Overall, NRDS ranks 27th on our list of the stocks that should double in 3 years. While we acknowledge the growth potential of NRDS, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NRDS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
What happens if you don't file your taxes? Here's what the law says
If you missed Tuesday's deadline to file your 2024 tax return, they're officially overdue — with some exceptions. "The Internal Revenue Service encourages taxpayers who missed the filing deadline to submit their tax return as soon as possible,' the Internal Revenue Service said on April 16. "Those who missed the deadline to file, but owe taxes should file timely to avoid additional penalties and interest." However, Florida taxpayers have a few extra weeks to turn in their taxes. Here's what to know if you haven't filed your taxes yet, including penalties and what steps to take. For those who missed the April 15 deadline, they will face monetary penalties, including failure-to-file and late-payment penalties. The failure-to-file penalty applies if the taxpayer doesn't file their tax return by the due date, including extensions. The penalty is 5% of your unpaid taxes each passing month or partial month. Individuals will be notified by a notice or letter from the IRS. An additional penalty is the late-payment penalty; that's 0.5% of your unpaid bill for each passing month. It's applied if the taxpayer failed to pay their taxes by the deadline. If both penalties are factors, the total is capped at 5% per month. "If your return is more than 60 days late, the minimum failure-to-file penalty is $510 or the entire amount of tax owed, whichever is smaller," Nerdwallet said. "The late-filing penalty maxes out after five months of your return being late, but other penalties and interest may continue to accrue." In addition to the penalties, interest building on unpaid taxes and lost refunds you could potentially face criminal charges for tax evasion or tax avoidance. Intuit Turbotax says online that the severity of your refusal will "determine the path the IRS will take." "If you need to file taxes, but choose not to, the IRS has several means for bringing you to the table," Intuit Turbotax said on its website. "Actions include, but are not limited to, assessing penalties, fines and interest, and assessing tax liens and levies." Yes, you can. Just be aware of the penalties. Intuit Turbotax also adds that if you're expecting a refund, there are no penalties or interest charges for filing late; however, filing late will delay your refund and extend the statute of limitations for audits. According to the IRS, all Floridians, because of hurricanes Helene and Milton last year, do have an extra couple of weeks to file. Officials announced last year that tax deadlines for people in the 51 counties under a state of emergency during Hurricane Milton would be pushed back to May 1 of this year. They've updated that message to say the automatic extension is extended to all Floridians. "The IRS automatically gives taxpayers whose address of record is in a disaster-area locality more time to file returns and pay taxes," the IRS said. "Taxpayers get the extra time without having to ask for it." Intuit TurboTax shares three steps you can take to put yourself in a better position if you didn't file your taxes by the deadline: Step 1 – Check to see if an extension applies. Even if you didn't request a six-month filing extension, you still might have more time to file. This includes the extension for Floridians impacted by natural disasters. Step 2 – File your tax return and pay your taxes. If no extension applies, file your return as soon as possible. If you owe the IRS, this will stop additional penalties and interest from being tacked on to your tax bill. If you can't pay the full amount, pay what you can now or consider setting up a payment plan with the IRS or other ways to pay your taxes over time (a few options are discussed below). Step 3 – Seek waiver of penalties and interest. If you qualify, the IRS can waive penalties for filing your return or paying taxes late in some cases. You can track your refund using the IRS's "Where's my refund?" search tool or the IRS2GO mobile app. You'll need your Social Security number or individual taxpayer ID number, filing status, and refund amount on your return to check. If you file (or have filed) electronically and choose direct deposit, your refund will probably be issued within 21 days, the IRS says. If you mail a paper return, expect your return to take longer. These dates all depend on whether your filing is accurate and complete. Here's when your refund status will appear: 24 hours after you e-file a current-year return 3 or 4 days after you e-file a prior-year return 4 weeks after you file a paper return According to the IRS, here's what your status means: Return Received: We received your return and are processing it. Refund Approved: We approved your refund and are preparing to issue it by the date shown. Refund Sent: We sent the refund to your bank or you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail. Contributing: Sarah Moore, Lansing State Journal This article originally appeared on Treasure Coast Newspapers: Tax Day 2025: Missed the deadline? Steps to take; Florida extension
