Plus, the power of your W-4
| |  | | May 5, 2025 | | | | | | | | Don't Underestimate the Power of Your W-4 Form | By Helen Reis
See if this feels familiar: You were excited for this year's tax refund, but now that you've used it, the next one feels a very long way off.
Or, you just swallowed a nasty tax bill that's going to take you months to recover from.
If you can relate to either of these scenarios, it's probably time to update your tax withholding. A big refund typically means that you're significantly overpaying the IRS throughout the year, and a big bill means that you should have been paying more.
Updating your IRS Form W-4 with your employer can correct for either, raising or lowering your paychecks accordingly.
(If you're wondering why in the world you'd want to give up a tax refund, read this.) | | | | | | | | | | 5 Things to Do to Come Back From a Layoff | | | By Lindsay VanSomeren
If you've just been laid off, you're likely feeling pretty overwhelmed by the task ahead.
Suddenly losing your income is tough. It's even more stressful when it's unclear where the economy is headed and who else is hiring — especially if you're the main breadwinner.
But plenty of people have successfully weathered a job loss, and you can too. Some are even better off because of it.
As you navigate this difficult period, remind yourself that you control more than you think. And having a plan for both your bills and your mindset is key. Here are five important steps for coming back from a layoff. | | | | | | | | WEEK AHEAD ON WALL STREET | | | | Fed Watch and the Tariff Landscape | | | By Mario Ismailanji
Investors will navigate a busy week ahead, with a schedule that includes an always-important Federal Reserve meeting, a bevvy of corporate earnings reports, and economic data releases.
Collectively, these elements will help provide context on the post-Liberation Day economic landscape and potential market direction.
The main event is the Federal Reserve's May 7 meeting. While market pricing suggests only an 8% chance that the Fed lowers its benchmark interest rate from the current 4.25%-4.50% range, there could still be some market-moving fireworks in the post-meeting statement or press conference.
Any commentary regarding tariffs will be a major focus point for investors, especially in light of last week's negative GDP report that was distorted by a surge in imports and inventories. | | | | | | | |  | | In 233 U.S. cities, even a "starter" home costs at least $1 million. (Zillow) | | | | | | | | | | | Intel, insights, and inspo for your money. | | On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all. | | | | | | | | | | Did you find today's newsletter valuable? | | | | |
| | | INVESTMENTS ARE NOT FDIC INSURED ‑ ARE NOT BANK GUARANTEED ‑ MAY LOSE VALUE | | SoFi Checking and Savings accounts are offered by SoFi Bank, N.A., Member FDIC. SoFi Credit Cards are issued by SoFi Bank, N.A. pursuant to license by Mastercard® International Incorporated.
Loans originated by SoFi Bank, N.A., NMLS #696891 (www.nmlsconsumeraccess.org). Equal Housing Lender.
Brokerage products offered through SoFi Securities LLC, member FINRA/SIPC.
Advisory services are offered through SoFi Wealth LLC, an SEC-registered investment adviser. Information as of May 2025 and is subject to change. Screen images simulated.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more.
Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn't be construed as an endorsement.
The information provided is general in nature and shouldn't be construed as a recommendation or solicitation of any products offered by SoFi's afliates and subsidiaries. Addtionally, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset.
SoFi Technologies, Inc. values your privacy and the security of your personal information so please do not include sensitive personal information, such as your Social Security number, in any email or letter that you send to us.
SoFi Technologies, Inc. 234 1st St., San Francisco, CA 94105
Unsubscribe | Privacy Policy | Licenses
© 2025 SoFi Technologies, Inc. All rights reserved.
w: 20250505 | | |
No comments: