Before the TCJA, taxpayers could deduct interest paid on up to $1 million ($500,000 if married filing separately) of home acquisition debt (debt used to buy or substantially improve a first or second home). Also, taxpayers could deduct interest paid on up to $100,000 ($50,000 if married filing separately) of home equity debt, regardless of how [...]
[youtube https://www.youtube.com/watch?v=Igt4y2xABPo] Getting out of debt is the dream of millions of Americans every year. But sometimes the reality of becoming debt-free is still in the dream phase. Some steps are more effective than others in tackling this huge financial situation. Before we list those steps, it’s important to realize how pervasive the debt problem is [...]
[youtube https://www.youtube.com/watch?v=JyAZVP-_2jI]Many people of all ages face this dilemma: you’re ready to move, but can’t decide if you should rent or buy. This isn’t a question that has a one-size-fits-all answer. In fact, the answer varies greatly depending on your finances and life circumstances. Here are some things to consider: First, look at the cost of [...]
[youtube https://www.youtube.com/watch?v=ySOpyYdB8fo]Using a credit card for purchases is often convenient, but it does bring with it some risks. Fraud is on the rise, and virtually everyone is at risk to some degree. If it hasn’t already happened to you, you probably know someone who has experienced it. So what can you do? Well, there are several [...]
[youtube https://www.youtube.com/watch?v=CHiOBzqcMV8] Whether it’s from the recent holidays or from life in general, staring at a pile of debt can be downright overwhelming. But tackling this problem can actually be a lot easier than it seems. It just requires a well-thought-out approach. The first step you should take is to get organized. This is actually the [...]