IRS increases pension and retirement plan contribution limits for 2025
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
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2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
"Shrinkflation" — when companies charge the same for smaller sizes — is a sneaky way to raise prices. Read on to see what kind of products have shrunk the most.
Inflation in September fell to an annual rate of 2.4%, its lowest point since early 2021, as gas and energy costs continued to ease.
Social Security benefits are given a cost-of-living adjustment each year. The 2025 COLA increase is the smallest since 2021.
The Social Security Administration will set its 2025 cost-of-living adjustment within days. Here's what the experts say.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
Olive Garden's same-restaurant sales dropped in its most recent quarter. Now, it's tweaking its menu.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
According to reports, Kroger Executive Andy Groff told regulators in a hearing for an anti-trust trial that Kroger raised the price of milk and eggs beyond the level of inflation.
The deal, available through Subway's app and website for a limited time, is aimed at inflation-weary consumers.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
DTE wants customers who are already spending more money to keep the lights on and dig even deeper into their wallets. A handful of frustrated customers and elected leaders protested Wednesday in front of DTE headquarters.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Chipotle CEO Brian Niccol said the company is addressing portion sizes after finding 10% of its locations were skimping.
Consumer spending helped drive growth despite cost-of-living expenses that have spiked across the country.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
Auto insurance has gone up 19.5% since June of last year, according to the latest Consumer Price Index data. The reason? Getting T-boned by inflation.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
Key report on consumer prices comes ahead of interest-rate decision by the Federal Reserve in the afternoon.
Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
Detroit Lions defensive end Aidan Hutchinson says he has been fully cleared in his comeback from having leg surgery to repair two broken bones.
The DNR has turned the case over to Newaygo County Animal Control for further investigation.
A search warrant on a phone led officers to a video showing a 15-year-old Michigan girl in sexually explicit acts.
A Michigan police officer who fatally shot a Black man in the back of the head after a tumultuous traffic stop will not face a second trial.
Four teens were arrested after Michigan State Police confiscated firearms from a vehicle stopped in Monroe County.
Detroit Lions defensive end Aidan Hutchinson says he has been fully cleared in his comeback from having leg surgery to repair two broken bones.
The DNR has turned the case over to Newaygo County Animal Control for further investigation.
A Michigan police officer who fatally shot a Black man in the back of the head after a tumultuous traffic stop will not face a second trial.
Tracking cool air rain for parts of Michigan Memorial Day weekend.
A search warrant on a phone led officers to a video showing a 15-year-old Michigan girl in sexually explicit acts.
The automaker says the new megahub in Van Buren Township, Michigan, will launch in 2027.
AAA responded to more than 356,000 roadside emergencies during Memorial Day weekend in 2024, according to the organization.
Detroit automakers say the Trump administration's new trade deal prioritizes Britain instead of the American auto industry.
Dearborn police, with help from Ford Motor Company, spent several months investigating a criminal enterprise.
Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year.
The drive-in has new help and new rules that the operators hope will keep the theater running for years to come.
George Wendt, the comedian and actor known for his beloved role as Norm on "Cheers," has died.
Netflix will stream a new season of Sesame Street, the beloved children's program, and make previous episodes available.
Beginning on May 22, there will be a "Wheel of Fun" on Thursdays, Saturdays and Sundays, featuring sidewalk games and other family-friendly events.
It isn't difficult to imagine just how much upkeep an instrument like this needs.
A Michigan police officer who fatally shot a Black man in the back of the head after a tumultuous traffic stop will not face a second trial.
The Supreme Court deadlocked 4-4, blocking the attempt to establish the nation's first religious charter school.
Walmart said it would eliminate members of its global tech workforce in a memo sent to employees on Wednesday.
World leaders react to the killing of two Israeli Embassy staffers outside the Capital Jewish Museum in Washington, as Israel blames antisemitic incitement.
The budget package addresses President Trump's tax, defense and energy priorities. It now heads to the Senate, where hurdles remain.
FDA advisers are set to meet Thursday to decide on updates for this fall's COVID shots.
A new bipartisan bill package hopes to streamline the process for Michigan families making medical guardianship decisions, also known as next of kin.
The foam people can find on shorelines in Michigan doesn't just smell a little gross; state officials say it's dangerous to touch and accidentally consume.
May is Mental Health Awareness Month and organizations in Detroit are embracing the many ways we can feel our best.
There were 30,000 fewer U.S. drug overdose deaths in 2024 than the year before — the largest one-year decline ever recorded.
Detroit Lions defensive end Aidan Hutchinson says he has been fully cleared in his comeback from having leg surgery to repair two broken bones.
Jim Irsay, the owner and CEO of the Indianapolis Colts, died Wednesday at the age of 65, the team said in a statement.
The Detroit Lions have withdrawn their proposal to change the seeding format in the NFL playoffs after feeling there was little support, reports say.
Spencer Torkelson had a pair of hits, walked twice and drove in a run to help the Tigers beat the St. Louis Cardinals 5-1 for Detroit's 15th win in its past 20 games.
The Green Bay Packers' effort to ban the "tush push" failed at the NFL's spring league meetings Wednesday.
The Michigan Matters panel discusses how the region is doing at addressing community needs and how progress continues to be made in ending the stigma tied to mental illness.
Henry Ford Health and Michigan State University are teaming up in Detroit at an innovative medical research center.
President Trump will visit Michigan on Tuesday to mark his first 100 days in office.
Distracted driving killed at least 3,000 people and caused more than 400,000 injuries in the U.S. in 2024, according to NHTSA, as the problem is worse in summer months when more people are on the road.
It's a look at the Detroit Public Schools Community Foundation and how things are going as Kerrie Mitchell, CEO, appears on Michigan Matters to give an update.
Elias Rodriguez, 30, of Chicago, allegedly shot and killed two Israeli Embassy employees outside the Capital Jewish Museum in Washington, D.C., on Wednesday night.
Four teens have been arrested after Michigan State Police confiscated firearms during a traffic stop near Milan. There was a 911 call of gunshots in the area of Darling and London roads in Monroe County's London Township about 7 p.m. Tuesday, according to the Michigan State Police report. When troopers arrived, they spoke to four people who were inside a Ford Escape and asked if they heard any gunfire.
he House narrowly passed President Trump's domestic policy bill Thursday after an all-night session and days of negotiations.
A small plane crashed into a San Diego military housing neighborhood early Thursday morning, leaving several people dead.
Drowning is statistically the number one cause of accidental deaths among children age 4 and younger. Here are some tips on playing it safe in preparation for the beach and pool season.