Personal Finance How To
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.
The author lost his father to prostate cancer in 2020 and helped his mother go through the process of collecting his life insurance payouts.
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.
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.
You'll need a few numbers to calculate a monthly mortgage payment, including the mortgage principal, interest rate, and loan term.
Here are the seven federal tax brackets for 2020 and 2021. The income thresholds are indexed for inflation every year.
The two most common types of home loans — fixed-rate and adjustable-rate mortgages — each have pros and cons.
Qualifying medical expenses are tax deductible if they exceed 7.5% of your adjusted gross income. This threshold can be difficult to meet.
Despite the new May 17 federal tax deadline, self-employed workers and freelancers still need to pay quarterly taxes by April 15.
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.
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.
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.
Adjusted gross income (AGI) is your total earnings minus certain deductions. It's used to determine eligibility for some deductions and tax credits.
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.
Simple, the online bank, announced in January that it would be shutting down after 11 years in business.
To claim a refund, the amended tax return deadline is typically within two to three years of the date you filed the original return.
The IRS recommends storing tax records — including past-year returns and related documents — for at least three years and up to seven years.
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.
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.
You can choose from five options for your filing status: single, head of household, married filing separately or jointly, and qualifying widow(er).