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Mastering Your Credit Card (and Not the Other Way Around!)The average credit card balance in America ballooned to $5,910 in 2022. This figure is up 13.2% from the year before according to Experian, and it spells out a worrisome (and costly) trend for consumers. After all, credit card interest rates were on rise throughout all last year and well into 2023, mostly due to changes to the federal funds rate by the Federal Reserve...
When to Call: Common Situations that Require a Tax ReviewTaxes can affect many areas of your life. Here are some common situations when you'll want to schedule a tax review. Something changed in your life. A change in your life could mean significant changes in your tax status...
Multiple Jobs: Be Prepared for Tax SurprisesWorking more than one job can help maximize income, but also potentially create a tax surprise. Here are several be aware of...
How Small Business Stock Sales Are TaxedSelling small business stock can have significant tax implications, depending on several factors, such as the holding period, the nature of the business, and the type of stock sold...
New FAFSA RulesThe Free Application for Federal Student Aid (FAFSA) was revised to streamline the application process and alter eligibility formulas...
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AUGUST 2023 Q & AQ: What’s the difference between high-yield savings and money market accounts? A: High-yield savings and money market accounts offer higher interest rates compared to traditional savings accounts. A high-yield savings account is best for funds you don’t need to access frequently. There might be limits on the number of transactions allowed per month. You can find this account at banks. Money market accounts often come with check-writing privileges and debit cards, offering more liquidity. However, they may require higher minimum balances to avoid fees and some money market investments are not FDIC insured. These accounts are a good place to park cash or an emergency fund. Place long-term investments in vehicles that generally offer higher rates of return. Wherever you put your money, check the financial health of the institution.
Substantiating Noncash Charitable DeductionsNoncash charitable deductions allow taxpayers to deduct the fair market value of donated items on their tax returns. These steps can help ensure your charitable deductions are adequately substantiated and accepted by the IRS. RECEIPTS EVERY TIME HIGHER VALUE ITEMS GET AN APPRAISAL Cost of College
Average tuition and fees of degree-granting institutions for first-time, full time undergraduate students, by level and control of instituion. Academic years 2010-11 and 2020-21.
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