Doing taxes isn’t exactly easy, and “tax deduction” brings to mind piles of receipts and complicated calculations, just to save a few bucks. Here’s the good news: You don’t need to itemize deductions to take advantage of valuable tax breaks and reduce your taxable income. Every year at tax time,…
Anna Moneymaker/GettyImages If you make less than $150,000 a year, President Donald Trump wants to abolish your taxes, U.S. Commerce Secretary Howard Lutnick said in an interview with CBS on Tuesday. “I know what his goal is: No tax for anybody who makes less than $150,000 a year. That’s his…
staticnak1983/GettyImages With the right tax software, you can file your taxes quickly and accurately. If you’re looking for great value in tax software, TaxAct is a strong choice. TaxAct offers affordable prices compared with other software providers, such as TurboTax and H&R Block. Plus, it offers an easy-to-use platform that…
Key takeaways You can save on interest payments by transferring debt to a zero-interest intro APR balance transfer card. In addition to transferring credit card debt, some balance transfer cards allow you to transfer personal loans, auto loans, home equity loans and student loans. Not all card issuers allow you…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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Key takeaways An auto loan can benefit you because it spreads out the expense of the car, leads to ownership and can help you improve your credit score. Some drawbacks to watch out for include being stuck with the same car for longer, potentially high…
Dept Managmnt
Key takeaways Social Security benefits are generally protected from creditors, but exceptions exist for federal debts, child support and legal judgments. The IRS…
Banking
Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
Credit Cards
Key takeaways Adding authorized users to your business credit card account can make it easier for you to complete purchases and earn rewards…
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Key takeaways Many card processing providers offer similar services. Finding the best fit comes down to the number of transactions you expect to process and how you plan to accept payments — in person, online or over the phone. In-person payments come with lower processing fees, while over-the-phone payments can…
The traditional certificate of deposit (CD) is far from being the only CD product available to savers. Financial institutions offer a variety of CDs, giving savers more flexibility to manage their money when economic winds change. Rates on many CDs rose in 2022 and 2023, after which they leveled off…
Xinhua News Agency/Getty Images Stocks sold off in early March as investors grappled with how tariffs would impact inflation and the outlook for economic growth. Some investors even grew concerned about a possible recession. Some of the biggest tech companies saw their shares tumble 20 percent or more, with Tesla…
Key takeaways Think about the mix of industries and sectors in your portfolio. For instant diversification at a low price point, look to index funds. Watch out for over diversification as you pick assets. As stocks and other investments change value over time, investors may find that one or…
The Stanford Marshmallow Test, conducted by researcher Walter Mischel in the late 1960s, found that children who could delay immediate gratification — by waiting to eat a marshmallow placed before them — tended to achieve better outcomes later in life. The lesson? Sacrificing short-term indulgences can lead to bigger rewards…
2025 has seen a rough start for the stock market. By mid-March, the Nasdaq plummeted more than 10 percent from its all-time high, entering what market watchers call a “correction.” The S&P 500 stock index wasn’t far behind, either, though not officially in correction territory. This kind of downdraft…
Key takeaways Usury laws set limits on the amount of interest lenders can charge on loans and are typically set at the state level. There is no federally mandated maximum interest rate for credit cards. For credit cards, the CARD Act offers various protections and provides more…
Flashpop/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways You can get a loan for a vacation home from a private lender. There are no government-backed loans for vacation homes. Qualifying for a vacation home loan is typically harder than qualifying to buy a primary residence, with stricter debt-to-income ratio, credit…
Investors were reminded of how volatile stocks can be in early March as stocks sold off due to concerns about how tariffs would impact the outlook for economic growth and inflation. Previous market darlings such as Tesla and Nvidia saw their shares fall about 50 percent and 30 percent, respectively,…
Key Takeaways APY stands for Annual Percentage Yield, which tells you how much interest you can expect to earn over one year. The APY offers a complete story of an account’s earning potential by using the interest rate and the compounding frequency. APY should be easy to find: The federal…
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