IRS Increases Business Mileage Reimbursement Rate
If you track your mileage for taxes this will interest you.
The U.S. Internal Revenue Service just announced the mileage rates for 2008, which go into effect New Year's Day.
You can deduct 50.5 cents for each mile used for business; 19 cents per mile for medical or moving purposes; and 14 cents per…
Once known as the biggest shopping day of the year, Black Friday may no longer be as big a day but some retailers still heavily rely on it. Shoppers flock to stores to find the best deals the day after Thanksgiving.
"Black Friday's a good indicator of foot traffic, but it's losing a little bit of…
IRS Reminds Low to Middle Income Taxpayers of Savings Credit
It's November. Thanksgiving is next week. Taxes aren't due until April. It's still a good idea to plan ahead.
The U.S. Internal Revenue Service issued guidance last Friday talking about the saver's tax credit. If you are single and earn $26,000 or less, or married filing jointly and earn up to…
What's a huge topic of conversation this time of year? How much cash you should hand out as a tip this holiday season.
If you're wondering what everyone else is doing, check this out:
Consumer Reports surveyed more than 1,800 people about their tipping habits. Here's the scoop:
People most commonly tip…
New Home Sales Fall from 2006, Mortgage Rates Fall Too
Sales of new homes in the U.S. jumped 4.8 percent from August but fell more than 23 percent from September 2006, the federal government reported today in its release of new residential sales data for last month.
Both 15-year and 30-year fixed mortgage rates fell from last week and last year. The…
We had a call this morning on the show about selling a timeshare. You should know a couple of things about timeshares:
Some people like 'em, some people don't use 'em, but timeshares are really difficult to resell or unload. They're even tough to give away.
Buying a timeshare is not like buying real…
Federal Reserve Drops Fed Funds Rate Half A Percent
The Federal Reserve Bank dropped its key Federal Funds rate by a half percent today. It's the first drop in 4 years.
Guess they're officially more worried about a recession than inflation.
Published: Sep 18, 2007
IRS Announces New Web Page for Those Facing Foreclosure
The IRS announced today that it has posted a special web section (www.irs.gov/newsroom/article/0,,id=174034,00.html) at its website for homeowners who lose their homes to foreclosure.
What many people don't find out until it is too late is that selling your home for less than the amount you owe on…
Taking Personal Responsibility for Your Home Purchase
Much of the mortgage crisis comes back to personal responsibility. In the heat of the moment, buyers rushed out to purchase homes they really couldn't afford. In some cases, those in the mortgage industry may have sweet-talked them into thinking they could afford their loans. Agents earned their…
Ex-U.S. Mortgage Lenders Feel Crunch
It looks like the mortgage crisis isn't being contained to the U.S.
There was news today that the United Kingdom's central bank, the Bank of England, extended an emergency line of credit to Northern Rock, one of the UK's largest mortgage lenders, reported the Washington Post. This caused some…
