Personal Finance and Tax Tips You Can Actually Use.

Family Loans: Does The IRS Care If I Lend My Kids Money?

Family loans: Does the IRS care if I lend my kids money? by TaxACT

You might lend your kids money from the time they are little – to buy a bicycle, to get that first car, or to buy a house. Does the IRS have anything to do with these family loans? For small loans, the answer is “no.” The IRS isn’t concerned with most personal loans to your [...]

The Importance of Self-Education

The Importance of Self-Education - TaxACT

How do you continue your education? Online classes, college, books? The value of education is stressed upon us from an early age – starting with our teachers pushing us to achieve higher grades, to our parents’ desire for us to continue on to college. However, alternative forms of education, like trade school, apprenticeships and self-education [...]

Staying in the Black With The Student Loan Blues

Staying in the Black With The Student Loan Blues - TaxACT

How do I repay my student loans and still pay my bills? This is the time of year when proud parents of the senior class gather to watch their children prepare to graduate from college. After the hats are tossed, tears are wiped away and the celebratory cake is gone—the graduates will begin their new [...]