Carry Learning Center

The Treasury Department and IRS have issued new guidance allowing states to prepare for a federal tax credit program that could save taxpayers up to $1,700 annually on their federal taxes. Revenue Procedure 2026-6, released December 12, 2025, establishes the framework for states to participate in a new federal tax credit for contributions to Scholarship [...]

The Internal Revenue Service kicked off the 10th National Tax Security Awareness Week this December, highlighting the growing threat of tax-related identity theft and scams during the holiday season. The initiative, led by the Security Summit coalition of IRS officials, state tax administrators, and tax software companies, aims to protect taxpayers as criminals increasingly target [...]

The IRS has released new guidance clarifying how workers can claim tax deductions for tips and overtime pay received during 2025. Notice 2025-69, published on November 21, provides detailed instructions for approximately 6 million tipped workers and overtime earners on how to calculate and claim these new deductions without requiring additional forms from their employers. Under [...]

Saving for retirement can feel overwhelming, especially with shifting rules on how much you can contribute and when. But in 2025, knowing the right numbers and deadlines could help you save more and avoid costly mistakes.  Whether you’re eyeing an IRA, Roth IRA, or a Solo 401k, there are crisp contribution limits, deadlines, and catch-up rules [...]

What does the typical American earn at ages 22, 45, or even 65? As careers unfold, income usually climbs, peaks, and eventually levels off — but exactly how, and when?  In this article, we explore the latest data from the U.S. Bureau of Labor Statistics (BLS), SmartAsset, and research on financial literacy by age to reveal [...]

Spending habits often mirror the time you grew up in and the stage of life you’re in now. According to the latest Consumer Expenditure Survey from the Bureau of Labor Statistics, households led by Americans aged 35 to 54 spent about $93,000 in 2023. Those under age 35 averaged under $63,000, while people age 65 [...]

Owning a home is often viewed as a cornerstone of long-term financial security in the United States. Yet the path to achieving it can look very different depending on age, income, and life stage. Younger buyers often juggle rising prices, limited savings, and tighter lending standards. Older homeowners, on the other hand, may hold substantial equity [...]

Credit card balances in the U.S. have climbed to levels that are putting more pressure on households than ever. Interest charges grow quickly, and repayment patterns look very different across generations. Some age groups carry far heavier balances, shaped by income, spending habits, credit access, and major life events. Here’s a closer look at how debt [...]

You may feel comfortable with the money sitting in your savings account, but a single unexpected expense can quickly change that. A sudden medical bill, a major car repair, or even a temporary job disruption can drain cash reserves faster than you’d expect.  That’s where an emergency fund comes in. It acts as a financial cushion [...]