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You put your money in the bank because it’s safer there than under your mattress. But what happens when recession looms and depositors get anxious? Is your money safe in the bank during a recession, and will you be able to get your money out when you need it? Learn why the short answer is […]
Is Your Money Safe in a Bank During a Recession? Read More »
Albert is a comprehensive money management app that makes it easy to spend, save, and invest on the go. With clutch features like early payday, instant paycheck cash advance, and automated saving, it’s built to help you take control of your finances. Learn whether Albert is right for you. The post Albert Review – Comprehensive
Albert Review – Comprehensive Money Management and Budgeting App Read More »
An ABLE account is a tax-advantaged savings account that helps individuals with disabilities save for the future while still receiving government benefits such as Medicaid and Supplemental Security Income. Millions of people are eligible to open one — learn how. The post ABLE Accounts Defined: Tax-Advantaged Savings for the Special Needs appeared first on Money
ABLE Accounts Defined: Tax-Advantaged Savings for the Special Needs Read More »
A cashier’s check is a secured payment method backed by the full faith and credit of a bank. It’s great for situations that require large amounts of money, such as putting a down payment on a house. Learn how it works and how it’s different from a personal check. The post What Is a Cashier’s
What Is a Cashier’s Check and What Is It Used For? Read More »
It’s time to take control of your financial life. By getting your finances under control, you can give yourself a little breathing room in the short term and a chance to get ahead in the long term. These tips can help. The post How to Get Your Finances Under Control – 19 Things to Do
How to Get Your Finances Under Control – 19 Things to Do Right Now Read More »
Wondering what really happens when the federal interest rate changes? Learn how the federal funds rate affects your daily life, from the interest rate on your loan to how quickly costs for gas, groceries, and other necessities change. The post What Is the Federal Interest Rate and How Does the Fed’s Change Affect You? appeared
What Is the Federal Interest Rate and How Does the Fed’s Change Affect You? Read More »
One lesser-known measure of income is your modified adjusted gross income. It impacts your ability to qualify for certain tax incentives or things like health care subsidies. Fortunately, your MAGI isn’t all that hard to calculate once you know what it is and why you’re trying to figure it out. The post What Is Modified
What Is Modified Adjusted Gross Income? (MAGI) Read More »
Tax lots are records pertaining to your acquisition of securities, including the dates of sale and purchase, your cost basis, and sale price. This info determines how your capital gains are calculated and the tax rate you pay. Learn how tax lots work and how to use them to save on your taxes. The post
What Are Tax Lots and How Do They Affect Your Capital Gains? Read More »
Tax time is a confusing and frustrating time of year for many people. Fortunately, answers to common tax questions are readily available. Learn when your tax return is due, what to do if you can’t file on time, how to work out a payment plan with the IRS, and more. The post 17 Most Common
17 Most Common Tax Questions Answered By a CPA Read More »
Payment apps vary widely in features, speed, and cost. Some can transfer money across many countries, while others work only in the United States. Which app is best for you depends on how you want to use it. These are the best money transfer apps ranked by best feature. The post The Best Money Transfer
The Best Money Transfer Apps for Sending and Receiving Cash of 2022 Read More »
One of the main reasons to invest your money is to make more of it by earning interest and dividends. But that income isn’t free — you have to pay taxes on it. That’s where IRS Schedule B comes in. Learn about Form 1040 Schedule B, the tax form for interest and dividends, and how
Schedule B (Tax Form 1040) Instructions – Interest and Dividends Read More »
Money-saving challenges gamify your savings plan, making it fun along the way. Plus, some of them add up to real money at the end of the challenge, sometimes to the tune of several thousand dollars. And you can customize these money-saving challenges to suit your budget. The post 21 Money-Saving Challenges to Boost Your Budget
21 Money-Saving Challenges to Boost Your Budget Read More »
Greenlight is a family-friendly money management app that teaches kids age-appropriate financial concepts and helps parents teach their kids the value of earning, saving, and investing. Learn about Greenlight’s features and plans, and its overall suitability for parents and kids alike. The post Greenlight Review – The Debit Card Made for Kids appeared first on
Greenlight Review – The Debit Card Made for Kids Read More »
Tax law is tough. Even seasoned tax professionals can have questions about certain transactions or tax planning strategies. You can get most questions answered online or by a tax professional. But if you’re still stumped after that, you can request a private letter ruling from the IRS. Here’s how. The post What Is a Private
What Is a Private Letter Ruling (PLR) and How Much Does One Cost? Read More »
The stepped-up basis loophole is part of the tax code that applies to inherited assets. The rule allows you to avoid capital gains on assets you pass to your heirs, lessening the tax burden on your heirs when they inherit from you. Learn about the stepped-up basis loophole and what it means for you. The
What Is the Stepped-Up Basis Tax Loophole? Read More »
Most people never pay the alternative minimum tax, also known as AMT. Only about 0.1% of U.S. households paid the AMT, and the majority of those had income greater than $1 million. Calculating the AMT is complicated — learn the basics of how it works if you believe you may have to pay AMT. The
What Is the Alternative Minimum Tax (AMT) and Who Has to Pay It? Read More »
For consumers willing to look beyond the big providers, there are plenty of ways to get cellphone service and stay connected at a reasonable rate — and you don’t have to give up decent coverage to do it. Here’s how you can save on your cellphone plan. The post 8 Best Cheap Cell Phone Plans
8 Best Cheap Cell Phone Plans That Will Save You Money – December 2021 Read More »
Secondhand stores are fantastic places to shop. From brick-and-mortar locations to apps and websites, they can save you a bundle if you know where to look. But you can save even more if you use these tips to get the lowest prices possible. The post Second-Hand Shopping: How to Save at Thrift Stores and Consignment
Second-Hand Shopping: How to Save at Thrift Stores and Consignment Shops Read More »
If you’re one of the millions of Americans with no coverage, you know your health care costs can be substantial. Many uninsured Americans go without necessary medical care because of it. To avoid becoming one of them, you need to find lower-cost sources of care your budget can handle. The post How to Get Affordable
How to Get Affordable Medical Care Without Health Insurance Read More »
Paper checks are almost extinct. But not quite. It’s still critical to know how to write one. Some people still prefer them because of the paper trail they leave and the fees associated with accepting credit and debit cards. Fortunately, writing a check is simple once you understand how it works. The post How to
How to Write a Check – 6 Steps to Fill Out a Check Read More »
