Income refers to any money that you make. It could be from your part-time job, your hot-shot career, investments, inheritance, or even if you sell property. All income must be reported to the IRS and factored in when you pay your income taxes. Look here for more information about income, taxes and how to protect your assets.
Can selling inherited property affect your healthcare subsidy? Depending on the value of the property, it could. What you should consider before selling. Q: When my mother purchased her small condo 20 years ago she put it in my sister’s name and in my name. She passed away a few years ago and my sister [...]
Crowdfunding Regulations, What Every Homebuyer Should Know Before Buying a Home & Coping with Bankruptcy
How will new crowdfunding regulations affect investors? What are the things all homebuyers should know before buying a home? Get answers to these questions by listening to this week’s Ilyce Glink Show. You can click the audio link below to listen to the full show, or download the podcast via iTunes. On this week’s show I talk to Salvador [...]
This article was written by guest blogger Eva Rosenberg. Your adjusted gross income (AGI), which is your gross income minus deductions such as retirement contributions and other adjustments, is one of the most important numbers in your entire tax return. It’s used to determine limits on many types of deductions, credits, and tax rates, as [...]
Want a lower interest rate, late payment fee forgiveness or a higher credit limit? Just ask for it. Nearly nine out of 10 credit cardholders who asked their credit card companies to waive a late payment fee were successful, and about two-thirds who asked for a lower interest rate were approved, according to CreditCards.com. “It’s [...]
For many older homeowners, increasing mortgage debt is dulling the sheen on their golden years. Approximately 33 million Americans over the age of 65 own their homes, making them the age group with the highest homeownership rate. But according to a study by the Consumer Financial Protection Bureau (CFPB) released in May 2014, that asset [...]
Your tax bracket determines how much you have to pay in taxes based on your income. In general, the higher your income, the higher your tax bracket, and the more you will pay when filing taxes. How do I determine my tax bracket? If you’re using a tax service, your tax professional should be able [...]
New investment income tax won't hit most homeowners. The Obama health care bill contains a new investment income tax but it won't hit most homeowners. Homeowner's with investment income over $250,000 will be hit with a new investment income tax. Investment income includes investment profit from a home sale, but the investment income tax won't hit most homeowners. Homeowners hit by the new investment income tax must have investment income over $250,000, so the investment income tax won't hit most homeowners.
Apparently, it's tough being a single woman who heads a household these days.The Consumer Federation of America released the results of an analysis of...
I'm quoted in today's BusinessWeek.com story (http://www.businessweek.com/lifestyle/content/oct2008/bw20081023_281059.htm?chan=top+news_top+news+index...