10 State and Local Taxes Determined by Your Location

Taxes

10 State and Local Taxes Determined by Your Location

10 State and Local Taxes Determined by Your Location

While federal tax law controls your life on April 15 each year, the state and local taxes you pay are determined by your location. Here’s a look at 10 state and local taxes that affect your local tax liability each year. State Income Tax versus Federal Income Tax Your federal income tax return is one... Read More

What You Need to Know before Taking out a Personal Loan

Personal Loans

What You Need to Know before Taking out a Personal Loan

What You Need to Know before Taking out a Personal Loan

Did you know the average American is approximately $38,000 in personal debt, with credit card debt being the leading source? With such a large amount of debt, personal loans are becoming more and more popular, especially for credit card debt consolidation. In the last year alone, 34% of Americans took out a personal loan. Personal... Read More

3 Tax Scams You Need to Watch Out For

Identity Theft

3 Tax Scams You Need to Watch Out For

3 Tax Scams You Need to Watch Out For

According to the Internal Revenue Service (IRS), there was a 400% increase in phishing and malware incidents during the 2016 tax season. And tax scams extend far beyond email and malware to include phone scams, identity theft and more.  While the April 15 filing deadline still feels far away, as Yogi Berra said, “It ain’t... Read More

Can You Pay IRS Taxes with a Credit Card?

Taxes

Can You Pay IRS Taxes with a Credit Card?

Can You Pay IRS Taxes with a Credit Card?

If you’re not getting a tax refund and you have to pay, you can pay IRS taxes with a credit card. Depending on who you talk to, paying your income taxes with a credit card is either brilliant way to earn credit card rewards or a financial move that is only a last resort. The... Read More

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

1099-C Cancellation of Debt—the Most Hated Tax Form

Taxes

1099-C Cancellation of Debt—the Most Hated Tax Form

1099-C Cancellation of Debt—the Most Hated Tax Form

Taxes can get confusing—just looking at the names of some of the forms is enough to make your head spin. Take Form 1099-C Cancellation of Debt for example. It reports canceled debt to the IRS. And the IRS considers that canceled debt to be taxable income that has to be reported on your income tax. What... Read More

The Benefits of a Fingerhut Credit Account

Credit Card Reviews

The Benefits of a Fingerhut Credit Account

The Benefits of a Fingerhut Credit Account

[DISCLOSURE: Cards from our partners are mentioned below.] Fingerhut is an online shopping website offering more than 450,000 products. The have products from popular brands such as Samsung and KitchenAid. What makes this store Fingerhut great is that they offer credit to customers who may not qualify elsewhere. Their products are also affordable. The idea... 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

Green Dot Spotlight—Building Your Credit

Credit Card Reviews

Green Dot Spotlight—Building Your Credit

Green Dot Spotlight—Building Your Credit

[DISCLOSURE: Cards from our partners are mentioned below.] Do you have bad credit? Or no credit? Maybe you’ve been denied for credit card after credit card. And you know that if a creditor just gave you a chance that you would prove you can make responsible financial decisions because you’d make your payments on time each... Read More

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