We give to charity because it’s the right thing to do. But charitable gifts also make us happier. These donations not only create a tremendous amount of social good, they can also generate significant tax deductions if you know how to claim them.
The Internal Revenue Service and Free File Alliance have launched the 2016 Free File with many changes and updates, including more free state tax return options and easier Form W-2 imports. Taxpayers whose adjusted gross income was $62,000 or less during 2015 are eligible for at least one, if not more, of the 13 tax software products. For taxpayers who earned more than $62,000, there’s Free File Fillable Forms, the electronic version of IRS paper forms.
If you want to protect yourself online you probably shouldn’t use these passwords.
Paying for college is difficult enough. The fact that financial aid offices have a language all their own doesn’t make it any easier. This list of basic terms will help you speak the language like a pro.
Medicare is an essential part of how retirees cover their healthcare costs, but many see the program as a confusing alphabet soup of different parts that don’t always fit together in an easy-to-understand way. Below, you’ll find a simple guide to understanding Medicare Part A coverage, including how much you’ll pay for it and what kinds of expenses it covers.
Are you behind on saving for retirement? Even if you don’t know what counts as “behind,” you’re likely to need to step up your efforts to build your nest egg. A June 2015 Government Accountability Office analysis found that that average Americans between the ages of 55 and 64 have accrued about $104,000 in retirement savings. Sound like a lot? Not when you realize that sum would translate into a $310 monthly payment if your money were invested in a lifetime annuity.
First class letter rates remain the same, but parcel post increases. Get the details here.
If you are considering financially assisting your adult children to become entrepreneurs, there are a few things you need to handle up front.