When to Expect Student Loan Forgiveness Plus: Home-Price Growth Poised to Slow

When Will Student Loans Be Forgiven? | Is an Army of New IRS Agents Coming for Your Tax Dollars? | Home-Price Growth Set to Slow Down Created for {EMAIL} | [Web Version]( August 24, 2022 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] Paying for College [] [When Will Student Loans Be Forgiven?]( President Biden will make an announcement later on today, August 24. It's expected that the administration will stick with its campaign promise and forgive $10,000 of federal student loan debt for borrowers who make $125,000 or less annually. The moratorium that paused student loan payments is also expected to be extended, yet again. [READ MORE]( [How to pay less for life insurance]( Don't waste money by going straight to one life insurer. You could save 50% or more on coverage by comparing quotes from multiple insurers in one place with Policygenius. Plus, get free advice from licensed agents at every step. Get started today! [READ MORE]( ADVERTISEMENT: [] Taxes [] [Is an Army of New IRS Agents Coming for Your Tax Dollars?]( [Is an Army of New IRS Agents Coming for Your Tax Dollars?]( (Getty Images) President Biden recently signed the Inflation Reduction Act, a sweeping energy, tax, and healthcare law that is partly designed to reduce the deficit. The legislation includes $80 billion in increased IRS funding over ten years. The idea is that the funds could help improve tax compliance, which in turn, could bring in an estimated $203 billion in increased revenue. It’s too early to know what the impacts will be. But you may have heard some lawmakers say that because of the new law, an “army” of 87,000 new IRS agents will be coming to audit ordinary taxpayers. As is often the case involving matters of tax policy, the reality is somewhere in the middle. [READ MORE]( [] Economic Forecasts [] [Home-Price Growth Set to Slow Down]( Higher mortgage interest rates are taking a toll on home sales. New home sales have been hit the hardest, and in July were at their lowest level in six years. It would take almost eleven months to clear out inventories of new homes at July’s sales level, the highest in thirteen years. Buyer traffic in August has fallen for five months straight and is at its lowest level in eight years. As a result, builders are continuing to cut back on new starts. The slowdown in housing should restrain the increase in home prices and may ultimately force prices to fall a bit. [READ MORE]( [Hire a Professional: Compare Up to 3 Financial Advisors That Serve Your Area]( Ready to kick your retirement plan into high gear? Compare fiduciary financial advisors who serve your area. [READ MORE]( ADVERTISEMENT [] Also on Kiplinger [] - [Find Out in 5 Minutes If You Have Enough to Retire]( - [These States Could Legalize Marijuana Soon]( - [The Open Secret of Costco Shopping: Costco Next]( - [Playing Favorites: 5 Top Stocks for Inflation]( - [Sign Up for Kiplinger's Free Tax Tips E-Newsletter for Money-Saving Tax Planning and Compliance Advice]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Since 1920, Kiplinger has earned a reputation as a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include Kiplinger’s Personal Finance magazine, The Kiplinger Letter, The Kiplinger Tax Letter, Kiplinger’s Retirement Report, and Kiplinger’s Investing for Income. All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( and [podcasts]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](concat('mailto:',$brief_feedback_email)) | [ADVERTISE]( Future US LLC © 1100 13th St. NW, Suite 1000, Washington, DC 20005