How many people like the IRS? According to Facebook, it’s almost 110,000! Does it bother you that the Internal Revenue Service is more popular than you are? If you regularly use social media outlets to stay in touch with friends and follow people or businesses that you find interesting and relevant, consider adding the Internal
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Do you whip out your credit card to take care of every large purchase? Maybe you shouldn’t. A personal loan may be a better alternative – but when would it be best for you? A recent finder.com survey explored the reasons why just over one-third (34%) of Americans took out a personal loan in the
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Expand Your Horizons You’ve been searching for a long time for your new home, without success. Maybe you’re looking in the wrong place. According to the Census Bureau’s 2017 American Housing Survey (AHS), 35% of people who had recently moved did so because they wanted a larger or higher-quality home – and that dream home
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Wouldn’t it be nice if you could deduct your credit card debt from your taxes? For most Americans, that’s just a dream that will never come true. However, some circumstances allow you to deduct some credit card debt – all related to using your card for business purposes. The 2017 Tax Cuts and Jobs Act
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Tax preparation software has improved significantly over the past several years, and more and more people are using it to file their own taxes. If you are debating whether doing your own taxes is right for you, consider the following factors: Simplicity of your Tax Situation – If you have relatively few deductions, few sources
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You know you need to protect your accounts and personal information – but what is the best method? Should you use a credit monitoring service or subscribe to identity theft protection instead? What’s the difference between the two methods? Credit monitoring services do exactly what they say they do – monitor activity on your accounts
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The Internal Revenue Service has plenty of ways to penalize you for mistakes on your tax return. Some of these potential penalties are so convoluted and complex that there may well be disagreement within the IRS on when they apply. However, most people accrue tax penalties for very simple mistakes. Below are some of the
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What two words cause the most panic to Americans? There are probably a hundred funny responses running through your mind right now, but we were thinking of a less humorous response: “IRS audit.” Your odds of avoiding an audit are usually pretty good. The IRS reviewed less than 1.1 million tax returns in fiscal year
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You’ve taken steps to avoid identity theft, and maybe even applied a credit freeze to your credit report. You can sit back and relax, right?Wrong. You may have prevented identity thieves from opening new accounts in your name, but have you kept your existing credit accounts secure? As opposed to identity theft where your information
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Would you know what to do if you discovered that you were a victim of identity theft? Given the massive data breaches over the last few years, it’s important that you understand your rights as an identity theft victim – because your odds of becoming one are greater than ever. “If you find you
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MoneyTips The last few years have been difficult ones for the IRS with respect to security issues, and the agency is determined to improve security during this year’s filing. Electronic filing is particularly vulnerable because of the speed of the process — it is a favorite method among thieves who steal information from taxpayers and
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Chances are that if you have student loans, you need every bit of extra cash that you can get. Did you realize that your student loans might be able to generate some cash for you? Under certain circumstances, you may be able to save on your tax bill by deducting the interest that you pay
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How long have you been searching for your new home? The latest Housing Trends Report from the National Association of Home Builders (NAHB) suggests that you’ve been looking for a while and may be getting frustrated in the process. You may be coming down with the homebuyer’s blues. Potential homebuyers are being squeezed in multiple
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Have you missed enough credit card payments that your creditor has contacted you about your debt? If so, you aren’t alone. According to survey results from the February 2019 PYMNTS.com Financial Invisibles Report, almost two in five (36.3%) respondents had been contacted by a creditor regarding an outstanding debt. How did many of them resolve
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If you need money and have bad credit, payday loans may seem like your only option. Payday loans are inherently risky – and expected payday loan regulation changes have been delayed, keeping the risk relatively high. Payday loans are relatively small loans (often $500 or less) that are paid back in a short period of
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No More Collegiate Debt Could the next drag on America’s economy come from student loans?According to StudentLoanHero.com, America’s student loan debt burden hit $1.56 trillion – more than any other kind of household debt except for mortgages. Student loans are one of the most pervasive debts. The Department of Education offers assistance programs, but participants
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According to the New York Fed’s latest Quarterly Report on Household Debt and Credit, America’s student loan debt burden has reached a staggering $1.44 trillion as of September 2018. Has that burden kept younger Americans from buying homes? A new Federal Reserve study suggests that educational debt isn’t the primary reason for the homeownership decline,
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Be honest: How often do you review your credit report? Some sources suggest that the majority of Americans check it once per year or less. If you ask us, that’s a problem. Why? Because unexciting though it may be, your credit report contains valuable information. If you’re an unknowing victim of identity theft, there would
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The Premium Tax Credit (PTC) may sound like it is a credit only available to top-tier incomes, but it is actually quite the opposite. “Premium” in this case refers to health care premiums, and the PTC is a way to help those with relatively low incomes to afford health insurance premiums and avoid the potential
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