Homeowners Get a Tax Credit for Buying a House

Taxes

Homeowners Get a Tax Credit for Buying a House

Homeowners Get a Tax Credit for Buying a House

  Being a homeowner comes with all kinds of pros and cons that don’t come with renting. You have a yard, but you have to care for the yard. You have a payment, but you get to deduct your mortgage interest on your tax return! And while the Tax Cuts and Jobs Act (TCJA) reduced... Read More

Form 1099-C and How to Avoid Taxes on Canceled Debt

Taxes

Form 1099-C and How to Avoid Taxes on Canceled Debt

Form 1099-C and How to Avoid Taxes on Canceled Debt

Did you know that the Internal Revenue Service considers forgiven debt a source of income, and have to pay taxes on that “income.” And if you’ve ever settled a debt for less or had debt forgiven entirely, you probably got a surprise in the mail come tax season: the dreaded Form 1099-C. Form 1099-C is... Read More

A Look Back at 2018 Data Breaches

Identity Theft

A Look Back at 2018 Data Breaches

A Look Back at 2018 Data Breaches

While recent data breaches may not have cost you any money, the same can’t be said about the companies that were breached. It’s estimated that data breaches cost companies an average of $3.5 million. If you look at data breaches case by case, you’ll see they can cost individual companies a lot more in terms... Read More

What is Umbrella Insurance?

Personal Finance

What is Umbrella Insurance?

What is Umbrella Insurance?

An umbrella insurance policy is defined as an additional level of liability insurance coverage that exceeds the limit of the insured’s house, car or watercraft. Umbrella insurance adds an extra layer of security to people who find themselves at risk of being sued for damages caused to others in an accident or damages done to... Read More

What is a Bridge Loan?

Personal Loans

What is a Bridge Loan?

What is a Bridge Loan?

Bridge loans is one of those financial terms that we hear, but probably don’t understand. This is what probably keeps lots people from getting a bridge loan, which is unfortunate. Bridge loans can be extremely useful for a lot of consumers and can make buying a home easier. This article will cover what a bridge... Read More

11 Tips on How to Maximize Your Tax Return

Taxes

11 Tips on How to Maximize Your Tax Return

11 Tips on How to Maximize Your Tax Return

The one not-so-pleasant—and even somewhat stinky—part of spring is that your taxes are due. That, of course, could be pleasant if you’re getting a refund. But, not so much if you’re not. Fortunately, there are ways to maximize your return and avoid the most common mistakes people make to ensure the biggest part of your... Read More

Is Credit Card Interest Tax Deductible for My Business

Credit 101

Is Credit Card Interest Tax Deductible for My Business

Is Credit Card Interest Tax Deductible for My Business

Individuals and businesses use credit cards every day. Both earn rewards points that make paying for needed items easier. But if you’re a business owner, your business credit card has expenses and fees attached to it. Thankfully, some of those expenses and fees are tax deductible on your business taxes—including the credit card interest. Some business... Read More

Are You Missing Out on the Saver’s Tax Credit?

Personal Finance

Are You Missing Out on the Saver’s Tax Credit?

Are You Missing Out on the Saver’s Tax Credit?

Are you or someone you know overlooking one of Uncle Sam’s most generous tax breaks—the Saver’s Tax Credit? It lets low- to moderate-income workers who are saving for retirement reduce their federal income tax bill by as much as $2,000 ($4,000 for married couples filing jointly). But just 25% of workers with annual household incomes of less... Read More

What Do I Need to Know If I Haven’t Filed My Taxes Yet?

Taxes

What Do I Need to Know If I Haven’t Filed My Taxes Yet?

What Do I Need to Know If I Haven’t Filed My Taxes Yet?

Like most people, I haven’t filed my taxes yet. I’m busy. I haven’t even started getting organized. If you’re like me, whatever your reason for not filing yet. It’s really not a big deal. We have until April 15 after all. But, waiting until the last minute to file our taxes means we might be rushed.... Read More

Credit.Com’s Picks for Best Travel Rewards Credit Cards

Credit Card Reviews

Credit.Com’s Picks for Best Travel Rewards Credit Cards

Credit.Com’s Picks for Best Travel Rewards Credit Cards

Editorial disclosure: Reviews are as determined solely by Credit.com staff. Opinions expressed here are solely those of the reviewers and aren’t reviewed or approved by any advertiser. Information presented is accurate as of the date of the review, including information on card rates, rewards and fees. Check the issuer’s website for the most current information... Read More

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