Congress’s most recent COVID-19 relief bill doesn’t just extend critical programs like unemployment benefits; it also renews a host of valuable tax breaks set to end on December 31, 2020. According to CNBC, the 33 deductions and credits, or “tax extenders,” are provisions for racehorses and even two-wheeled electric vehicles. Several measures are permanent, while […]
Read More
Following the passage of the $900 billion relief bill signed at the end of December, Arizona, California, New York, Noth Carolina, and at least eight other states have initiated enhanced unemployment programs this week, which will provide recipients with an extra $300 in federal benefits. Other states will start the process by mid-January. In an […]
Read More
It’s not uncommon for people to go into debt around the holidays. Between travel, decorations, seasonal clothes, means, and of course, gifts, the costs add up fast. To cover these expenses, many people use credit cards. Cashback and bonus points can offset some of the cost, but credit cards typically have some of the highest […]
Read More
Are you looking to move in 2021? Then you might have heard of something called a bridge loan. People often seek out these types of loans to purchase their new house before their current home sells. A bridge loan sounds like an easy fix when you’re temporarily strapped for cash. However, these loans do have […]
Read More
Is your annual income classified as “low” or “middle?” Do you use a 401(k) or another type of individual retirement vehicle to save for the future? Then you may be eligible for the saver’s credit. This benefit is reserved for retirement savers and can be claimed on top of any other tax breaks you qualify […]
Read More
Does your annual income top $65,000? Congrats! Check out Money.com’s tips to keep as much of that money as possible, grow your wealth, and protect your loved ones. 1. Consider A Life Insurance Policy Imagining how your family would manage without you is something no one wants to think about. However, it’s critical that you […]
Read More
Chances are, you have debt from student loans. If you do, you might have thought about using your credit card to pay them off. At least then you could get rewarded for your payment or pay no interest during the introductory period. But, as US News My Money points out, this puts you in a […]
Read More
Debt consolidation loans fall under the umbrella of personal loan products. With them, you can pool multiple types of high-interest debts into one affordable monthly bill. You can use a debt consolidation loan to cover several unsecured debts such as: Credit card balances Medical expenses Other personal loans Payday loans Now that interest […]
Read More
Roth IRAs are an excellent retirement vehicle that allows you to enjoy your returns and distributions tax-free. However, not everyone is eligible for Roth IRA contributions. Additionally, some workers might favor a prompter tax cut. US News My Money explains how to open a Roth IRA. Meet The Eligibility Requirements Before you can contribute to […]
Read More
College tuition is expensive. Period. And whether you plan on taking in-person classes next semester or participating in online courses, you will need a student loan to help you cover the cost. Federal student loans are typically more affordable than private loans, but they might not meet all of your expenses. Private student loans, grants, […]
Read More