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With the new tax laws, some may be wondering how they can be sure they don't end up with an unexpected tax bill next year. The simplest way is to use the IRS Withholding Calculator, available at IRS.gov. It will walk you through the process and determine how many allowances you should claim. [...]
The currency of the college years is good grades. Once you graduate, your credit score often dictates much of your financial path going forward. There are several entities who will look at your credit and potentially make decisions based on your history: Your Employer Insurance Companies Landlords Lenders So if you are just [...]
Changes from the Tax Cuts & Jobs Act mean the standard deduction is worth almost twice what it was before. So you may get more benefit from the standard deduction than from itemizing. To figure out whether you should itemize, you can search "How Much is Standard Deduction" at IRS.gov, or speak with [...]
For most people, a home is both the biggest investment they will ever make, as well as the greatest debt they will ever incur when factoring in a mortgage. True financial freedom often requires paying off this mortgage, but that often takes 15-30 years (or longer). For some, it is possible to pay [...]
Many parents claim the child tax credit to help with the cost of raising children. This year the credit may help even more parents because the income limit for those who qualify has increased to $400,000 for married couples filing jointly and $200,000 for all other filers. Also the credit amount for each [...]
