There are a few key requirements that must be met in order to qualify for a Social Security benefit based upon the earnings record of your current spouse.
You can use the IRS’ Free File if your Adjusted Gross Income is less than $60,000 for the tax year. An estimated 70% of American taxpayers fall within this criteria. Both the tax preparation and the e-filing process are free. Here is what you will need to have on-hand before starting the Free File process.
Forbes magazine is starting a new series to help you “Hack Your Cash” so that you get a windfall. Or, if not a windfall, enough of a surplus that you don’t feel like you have to live on ramen noodles.
The two things you can’t escape are death and taxes, but with thoughtful estate planning you can at least lessen the burden of taxes.
Some of that interest you pay out each month is probably tax-deductible. Back in “the good old days,” taxpayers were allowed to deduct all their interest charges, even on credit-card bills to pay for vacations, Armani suits and movie tickets. Then Congress caught on and nixed that deal. Now Internal Revenue Code permits deductions only for certain varieties of interest.
If you want to claim itemized deductions for noncash charitable donations on your 2014 Form 1040, remember that the rules on giving have been tightened over the years. MarketWatch offers a quick summary of the seven rules that apply to the most-common types of noncash charitable donations.
Congratulations! You submitted your 2015-2016 Free Application for Federal Student Aid (FAFSA)! Wondering what happens next? Here are a few things to look out for.
USAToday’s Personal Finance blog offers one method to optimize your Social Security benefits. While this is a strategy to maximize Social Security benefits, it might not be the optimal way to file for your particular situation.
For couples, the consequences of bad money management — debt multiplied, foreclosure, even divorce — can be far more costly and significant. That’s why it’s important to jointly develop and frequently reassess a family financial plan throughout your relationship.