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Personal Finance How To

Personal Finance 2021-04-05T16:42:06Z

You can get an extension to file your federal tax return, but you still have to pay your bill by May 17

There are a few easy ways to get a tax extension, which pushes your filing deadline to October 15, but you still have to pay your bill on time.
Personal Finance 2021-04-04T14:02:00Z

How to collect a life insurance payout when a loved one dies

The author lost his father to prostate cancer in 2020 and helped his mother go through the process of collecting his life insurance payouts.
Personal Finance 2021-04-02T13:15:15Z

How to make more interest on your money with very little effort

If you're earning a low yield on your cash, you may be able to make more interest on your money without investing in the stock market.
Personal Finance 2021-04-01T19:59:18Z

An IRA CD is a conservative investment account for people nearing retirement

An IRA CD is a type of retirement account that guarantees a certain rate of return. It can be a good option for people looking for a safe investment.
Personal Finance 2021-04-01T19:12:17Z

8 steps to calculating how much a mortgage payment would cost you every month

You'll need a few numbers to calculate a monthly mortgage payment, including the mortgage principal, interest rate, and loan term.
Personal Finance 2021-03-31T19:38:10Z

Here's how to find out what tax bracket you're in for 2020 and 2021

Here are the seven federal tax brackets for 2020 and 2021. The income thresholds are indexed for inflation every year.
Personal Finance 2021-03-29T16:54:04Z

Fixed-rate vs adjustable-rate mortgage: How to decide which one you should get

The two most common types of home loans — fixed-rate and adjustable-rate mortgages — each have pros and cons.
Personal Finance 2021-03-26T16:39:06Z

Medical expenses, from PPE to doctor's fees, are tax deductible under 2 conditions

Qualifying medical expenses are tax deductible if they exceed 7.5% of your adjusted gross income. This threshold can be difficult to meet.
Personal Finance 2021-03-18T18:47:33Z

When are quarterly taxes due? Here are the dates for 2021.

Despite the new May 17 federal tax deadline, self-employed workers and freelancers still need to pay quarterly taxes by April 15.
Personal Finance 2021-03-17T22:08:12Z

When to file your taxes this year to avoid late fees and get your refund as fast as possible

The federal tax deadline has been extended to May 17 this year. We're still waiting on guidance from the IRS about new tax laws.
Personal Finance 2021-03-16T21:29:40Z

Unemployment insurance provides money for people who lost their jobs, and currently anyone who qualifies gets an extra $300 a week

Unemployment insurance is a government program that gives you money when you lose your job. Under the CARES Act, the guidelines have expanded.
Personal Finance 2021-03-12T22:46:47Z

A health savings account is a triple-tax advantaged tool that can be used for more than healthcare costs

A health savings account is a tax-advantaged savings vehicle that lets anyone put aside money for health costs, regardless of their income.
Personal Finance 2021-03-08T19:31:52Z

What is adjusted gross income?

Adjusted gross income (AGI) is your total earnings minus certain deductions. It's used to determine eligibility for some deductions and tax credits.
Personal Finance 2021-02-23T15:43:52Z

How much does TaxAct cost? How much you'll pay to prepare and file your tax return

TaxAct offers four tax-filing plans, including a free federal option for basic tax situations. You'll pay extra to file your state tax return.
Personal Finance 2021-02-18T16:33:45Z

How to close your Simple bank account and move your money somewhere else

Simple, the online bank, announced in January that it would be shutting down after 11 years in business.
Personal Finance 2021-02-17T18:25:27Z

How to file an amended tax return to correct your income, credits, or deductions

To claim a refund, the amended tax return deadline is typically within two to three years of the date you filed the original return.
Personal Finance 2021-02-17T17:41:19Z

How long to keep your tax records, according to the IRS

The IRS recommends storing tax records — including past-year returns and related documents — for at least three years and up to seven years.
Personal Finance 2021-02-11T19:18:32Z

Most people need about 10 times their salary in life insurance, but a financial advisor can find the right number for you

Use life insurance calculators and talk to a financial advisor to figure out how much life insurance you need. Many people don't have enough.
Personal Finance 2021-02-10T17:34:32Z

A tax audit is an IRS investigation into whether you paid the right taxes, and it's not just for the super-rich

Tax auditing allows the IRS to double-check tax returns to make sure the right amount of tax was paid, and it could result in paying more taxes.
Personal Finance 2021-02-08T16:40:36Z

Your filing status helps determine how much income tax you pay

You can choose from five options for your filing status: single, head of household, married filing separately or jointly, and qualifying widow(er).
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