When you go to the bank to open a bank account, you will have plenty of options to choose from but most likely, you will either open a checking or a savings account. While both types of bank accounts are very similar, only one will certainly not appeal to all. This is why knowing the … Read more
Your credit score is without a doubt one of the most important aspects of your personal finances. Even when you want to up the available credit line, your credit score will be the deciding factor. Other than your credit score, the lenders will take a look into your credit report(s). Your credit report, unlike your … Read more
When calculating your monthly mortgage payment amount, there are a lot of things you need to factor in. How much you’re going to pay each month depends on the borrowed amount and the interest rate. Usually, during the first years of your mortgage payments will go more towards interest. This is one of the fundamentals … Read more
The Internal Revenue Service started giving the coronavirus stimulus checks. Apply to get yours online using the guide below. Before we get into how you can apply for the stimulus checks, you may not be eligible. Your adjusted gross income on your tax return will determine this. For single filers, the stimulus checks completely phase … Read more
Most states in the United States have a point system for measuring the driver’s obedience to the laws. Only nine states don’t use the point system. While the use of the point system is very common, each point system works differently depending on the state. One thing that is pretty much the same everywhere is … Read more
The traditional IRA can be converted to a Roth IRA but it is taxable. When you have a traditional IRA, your contributions is taxable only when you make a withdrawal. It is the opposite of the Roth IRA. Your contributions to a Roth IRA are taxed right away but you don’t pay any tax when … Read more
Business owners can deduct most of their business expenses on their tax returns. That is of course as long as the expenses are related to your business. However, you won’t be able to claim every deduction for your business you normally would while in the U.S. Only certain expenses are tax-deductible when incurred abroad. Business … Read more
Now that some states are in the talks of reopening the economy and some actually do, stocks are rising steadily. DOW JONES recently rose 400 points which looks to be a very promising recovery from the coronavirus pandemic. Since Dow Jones is one of the most anticipated stock market thanks to certain companies’ presence like … Read more
If you or anyone in your household had a Marketplace plan, you will receive a Health Connector Tax Form. This is also known as the Form 1095-A. Keep in mind you will not receive this tax form from the IRS. It will be sent by the Marketplace. Generally, Form 1095-A will be mailed to you. … Read more
FedLoan is one of the few contractors that the U.S. Department of Education hires to manage federal student loans. Since many students get their loan through FedLoan, it is normal for many of them to use their FedLoan accounts on a regular basis. Having a FedLoan account also allows students to send and receive money … Read more