Before you apply for any kind of financing, it’s important to understand how loans work so you know which type is best for your situation.
Here are some common questions and answers about loans.
"Treat yourself" and "YOLO" (you only live once) have become popular mantras to justify all kinds of discretionary spending. But how can you splurge on yourself without feeling guilty? Or worse, wiping out your bank account in the … [Continue reading]
What you need to know about Form 8965 Did you know that if you weren’t covered by a qualified health insurance plan last year you could face a penalty when filing your tax return? Fortunately, you may qualify for one of the many exemptions … [Continue reading]
Whether you intended to be a landlord or you fell into it because you had vacant property you couldn’t or didn’t sell, owning rental property is a source of income and it affects your tax return. Knowing the rules can help you maximize the tax … [Continue reading]
Youth sports teams encourage physical fitness, teamwork, communication and self-confidence. But they often come with a hefty price tag. In fact, a survey of more than 250 parents who use TeamSnap, a team and activity management service, found that … [Continue reading]
Under the Affordable Care Act you can usually only buy a health insurance plan, apply for subsidies to help pay for coverage, or switch plans is during the annual open enrollment period. The purpose of this rule is to keep people from waiting … [Continue reading]
Most taxpayers no longer need to worry about the federal estate tax. Unless you expect to leave an estate worth more than $5.43 million or $10.9 million for couples (in 2015), Uncle Sam won’t take his share of the money and other assets you want … [Continue reading]
It’s summer, and the last thing you probably want to think about is taxes. However, now is actually a perfect time to do a mid-year checkup. So in-between firing up the grill, hitting the pool and taking family vacations, take a few minutes to do … [Continue reading]
Everybody loves an annual bonus. Not everyone understands how bonuses affect their tax returns, however, or even what is considered to be a bonus by the Internal Revenue Service (IRS). Sometimes, when people receives an annual bonus from their … [Continue reading]
The IRS has just announced some important information for taxpayers who filed an extension for the 2014 tax year. The deadline for filing your 2014 Federal return is October 15, 2015, but you may want to file sooner. If you purchased health … [Continue reading]
Receiving wedding invitations is exciting – the first two or three times. (Other than bills, it’s really the only way you receive snail mail anymore). But once you get four (or more!) wedding invites per season, the financial burden starts to add … [Continue reading]
On Thursday, June 25, 2015, the Supreme Court ruled in favor of tax subsidies for qualified taxpayers who purchase insurance through federally-run exchanges. In short, advance premium tax credits will continue. This is good news for millions of … [Continue reading]
If you have high medical bills, it can be hard to know where to turn. Medical bills usually show up when people are least equipped to deal with them – when they or a member of their family is sick or injured. They may even be off work due to … [Continue reading]