Tuesday’s need-to-know money news

scamToday’s top story: How to spot a credit repair scam. Also in the news: Using the home office tax deduction with a mortgage interest rate deduction, a costly tax trap older Americans need to avoid, and answers to embarrassing money questions.

Top 4 Ways to Spot a Credit Repair Scam
If it looks too good to be true, it usually is.

How the Home-Office Deduction Works With the Mortgage-Interest Deduction
Don’t pay more than you have to.

Don’t Get April-Fooled by This Very Costly IRS Tax Trap
An important reminder for older Americans.

3 Money Questions Everyone’s Too Embarrassed to Ask
Remember…there are no stupid questions.

Monday’s need-to-know money news

Household-Budget1Today’s top story: Why treating your household like a business could help your budget. Also in the news: The money moves you need to make right now, why it’s going to get tougher to get a student loan, and how to take advantage of the home office deduction.

How to Manage Your Household Budget Like a Business
Thinking of your home as a business can help keep your budget on track.

The Money Moves to Stop Procrastinating and Take Care of Now
No more excuses.

The Student Loan Rule Change That Could Hurt Parents With Bad Credit
Getting a student loan just became more difficult.

Tax Season: Demystifying the Home Office Deduction
Making sure your home office is legitimate.

Nationwide ad meant to be jarring
The insurance company defends depressing Super Bowl ad.

Monday’s need-to-know money news

Morning at homeBaby Boomers are facing a different kind of retirement, how canceling credit cards impacts your credit score, how the new home office deduction may reduce your taxes and what happens to joint accounts when a parent declares bankruptcy.

Why Boomers May Not Retire like Their Parents

Is the baby boom generation about to fizzle?

Prepaid Cards that Take a Bite Out of Your Paycheck
Transaction fees could be eating away at your paycheck.

How Canceled Credit Cards Impact Credit Scores
Could cutting up your card affect your credit score?

Here’s What the New Home Office Tax Deduction Method Means
Important information for those who work from home.

Will Filing Bankruptcy Hurt My Children’s Credit?
When sharing credit card accounts becomes a problem.