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Errata

The public list of every factual error we've published on ClearMoneySchool: what was wrong, what's now correct, and when we fixed it. We don't silently edit and pretend the error never happened. Some entries are policy corrections rather than factual errors; we log those here too. Own the change, document it, move on.

Last reviewed June 16, 2026

Why this page exists

A finance education site that pretends to be infallible isn’t trustworthy, it’s just untested. We’d rather show our work. Every fix to a published lesson, calculator, or fact gets recorded here so readers can see how the site has evolved.

Spotted an error in a lesson, calculator, glossary entry, or Market Pulse article? Email [email protected] and we’ll fix it. Every correction lands on this page, dated.

  1. June 20, 2026

    Glossary: Itemized deduction

    BeforeThe itemized-deduction entry listed the SALT (state and local taxes) cap as $10,000.
    AfterCorrected to the current $40,000 cap for 2025, raised from $10,000 by the 2025 tax law, now read from the centralized 2026 reference data file. The dedicated SALT Deduction glossary entry already carried the correct figure.
    WhyThe general itemized-deduction explainer was not updated when the SALT cap changed, so a live number was wrong. Caught during the Source Ledger figure audit on June 20, 2026.

    Primary source: IRS 2025 Instructions for Schedule A (Form 1040)

  2. June 20, 2026

    Finance trivia: jumbo loans and the conforming loan limit

    BeforeGave the 2026 FHFA conforming loan limit as about $806,500 for most areas and up to roughly $1.21 million in high-cost areas.
    AfterCorrected to the FHFA 2026 values for a one-unit property: a $832,750 baseline limit for most areas and a $1,249,125 ceiling in high-cost areas.
    WhyThe figures shown for 2026 were actually the 2025 values. A current-year YMYL number was wrong and live, so we own it here. Caught during the Source Ledger figure audit on June 20, 2026; both figures now read from the centralized 2026 reference data file so the same stale-figure error is harder to repeat.

    Primary source: FHFA Announces Conforming Loan Limit Values for 2026

  3. BeforeThe fee-disclosure Real Cost example stated that a 0.50 percentage point expense-ratio drag on a $50,000 balance costs approximately $38,000 over 30 years.
    AfterRecomputed under the site's Real Cost convention, where a $50,000 lump sum compounds annually at the net rate (7% minus the expense ratio), the 30-year difference between a 6.95% and a 6.45% net return is about $49,000. The four-year figures in the same example are unchanged.
    WhyThe original 30-year figure understated the compounded difference. Caught during the same Real Cost number audit on June 4, 2026 that corrected the private-markets fee-drag example, applying the same locked convention.

    Primary source: SEC Investor.gov compound interest calculator

  4. BeforeThe Real Cost fee-drag example stated that $50,000 plus $500 a month at 7% before fees, over 30 years, grows to about $640,000 at a 0.10% expense ratio and $596,000 at 0.60%, a gap of $44,000.
    AfterRecomputed under the site's Real Cost convention, the same inputs reach about $992,000 at a 0.10% expense ratio and $882,000 at 0.60%, a gap of roughly $110,000. The total contributions ($230,000) and the conclusion, that the fee gap is real and large, are unchanged.
    WhyThe original ending balances understated the contributions and were too low. Because this example pairs a $50,000 starting balance with $500 monthly contributions, the site's Real Cost convention compounds the whole balance monthly at the net rate divided by 12, contributions at end of month, with the net rate equal to 7% minus the expense ratio (matching the SEC Investor.gov compound interest calculator). Under that convention the corrected figures are about $992,000 and $882,000. Caught during a Real Cost number audit on June 4, 2026.

    Primary source: SEC Investor.gov compound interest calculator

  5. May 13, 2026

    Site copy aligned to business model

    BeforeThe homepage, methodology page, and footer said "no ads, no affiliate, no sponsorships, ever" and "no premium tier." The actual business model includes a small number of affiliate relationships (Wealthfront, SoFi, and Empower applications are pending), a Premium tier launching later in 2026 for deeper content, and the option of disclosed sponsorships in later years if the right partners materialize.
    AfterThe methodology page explains where revenue comes from, what we will and will not accept, and what stays free. The homepage and footer match. Affiliate relationships are disclosed on every page where they appear. The 50 core lessons, the glossary, and the calculators stay free.
    WhyThe original "ever" language was aspirational. The current language is what we can actually keep. We would rather promise something we can hold than something we cannot. Logged here because the principle in differentiator #6 applies to policy corrections too, not only factual errors.
  6. BeforeListed the 2026 IRA contribution limit as $7,000 ($8,000 for age 50+) and the Roth IRA single-filer phase-out range starting at $150,000.
    AfterUpdated to the correct 2026 figures: $7,500 IRA contribution limit, $1,100 catch-up for age 50+ (total $8,600), Roth IRA phase-out for single filers $153,000 to $168,000.
    WhyAn external editorial review caught that the 2026 IRA limit had increased from $7,000 to $7,500, the first catch-up increase in years. Our lesson hadn’t been updated when the IRS published Notice 2025-67 in November 2025. We’ve also added inline source citations to the lesson and built a centralized 2026 reference data file so this kind of stale-figure error is much harder to repeat.

    Primary source: IRS: 401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500

See the editorial standards we hold ourselves to: Methodology.
Last reviewed June 16, 2026 · Education only. ClearMoneySchool does not provide individualized investment, tax, or legal advice.