How Much Life Insurance Do You Need?

Personal Finance

How Much Life Insurance Do You Need?

How Much Life Insurance Do You Need?

It has been said that life insurance is like a parachute. If you don’t have it when you need it, you will never need it again. But how much life insurance do you really need? There are really only two reasons to purchase a life insurance policy: 1) to pay off a debt or obligation,... Read More

Help! I Owe Money on My Taxes & I Can’t Pay

Personal Finance

Help! I Owe Money on My Taxes & I Can’t Pay

Help! I Owe Money on My Taxes & I Can’t Pay

If you know you owe taxes but can’t pay right away, don’t despair. There are options, although some are admittedly better than others. Here a few ways to take care of your tax debt so it doesn’t come back to haunt you. Failing to pay your taxes can lead to a tax lien on your credit reports, which... Read More

5 Last-Minute Tax Tips That Will Save You Money

Personal Finance

5 Last-Minute Tax Tips That Will Save You Money

5 Last-Minute Tax Tips That Will Save You Money

The moment of truth is nearly upon those of us who waited to file our federal income taxes. Yes, this year the tax deadline is April 18 instead of the 15th — offering serious procrastinators a little reprieve. But the longer you wait, the more you increase the chance of making a mistake under pressure. Still,... Read More

10 Ways You’re Filing Your Taxes Wrong

Personal Finance

10 Ways You’re Filing Your Taxes Wrong

10 Ways You’re Filing Your Taxes Wrong

Good news: You made it through winter and spring is finally here. Bad news: Your taxes are due! Fortunately, the most common mistakes made on tax returns are fairly easy to avoid. Why should you care? These common mistakes often mean you’re paying more taxes than necessary or, even worse, you’re under-reporting your income and... Read More

What’s the Difference Between a Tax Credit & a Tax Deduction?

Personal Finance

What’s the Difference Between a Tax Credit & a Tax Deduction?

What’s the Difference Between a Tax Credit & a Tax Deduction?

The U.S. Tax Code provides tax relief under various conditions in the form of tax deductions and tax credits. While both of these can save you money, they work very differently. Additionally, there are business tax deductions which are not covered here. In order to understand how tax deductions and credits operate, it is necessary... Read More

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