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NerdWallet's team of reporters brings you the latest on what's happening in the world of financial news, and what it means for your wallet.

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What to Watch for as Student Debt Cancellation Heads to the Supreme Court

The highest court in the land will soon turn its attention to President Joe Biden’s plan to erase up to $20,000 in federal student debt for some 40 million eligible borrowers. On Tuesday, Feb. 28, the Supreme Court will consider two key lawsuits that have put this one-time student debt relief on ice. The court will decide the fate of Biden’s plan in the months to follow.

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Billions Spent on Tax Returns That Could Be Filed for Free

The estimated share of tax filers who took advantage of a free filing program has grown in recent years. Unfortunately, so has the number of those not using it, resulting in billions in unnecessary spending. The IRS has partnered with tax software providers to provide free online filing for taxpayers with qualifying incomes. One problem with this noble plan: relatively few take advantage.

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Build a plan for tomorrow

Well-run personal finances start with three things: an emergency fund, recurring savings and a plan for debt.

Student loan relief may have given you the room to act on any toxic debt. You have options that range from budgeting to consolidation to bankruptcy.

You may need every penny, or you may simply be looking for the best places to use the extra cash you have. It all starts with a budget.

If you're in the rebuilding stages, there are many paths back to a credit history you can use as a tool for financial progress.