Dear Liz: You recently wrote about how home sales are taxed but I have a question. My son was single when he bought his condo. He is now married and planning on selling it. Does he qualify for the $250,000 exclusion or the $500,000 exclusion? Answer: As you know, the exclusion allows home sellers to […]
Recent Blog Posts
Q&A: Credit scores and usage
Dear Liz: Thanks for your recent column about how credit scores react to heavy credit card usage. We pay our credit cards in full each month but recently we had big charges on three cards for vacations, home supplies and other purchases. I am the primary account holder on all three cards and my credit […]
Friday’s need-to-know money news
Today’s top story: First-time car buyers battle skimpy supply, sticker shock. Also in the news: Can student loan borrowers handle payments and inflation, 4 money moves to make before the baby arrives, and how to avoid ATM fees with these debit cards. First-Time Car Buyers Battle Skimpy Supply, Sticker Shock How to buy your first […]
Thursday’s need-to-know money news
Today’s top story: How to find an LGBTQ-Supportive financial advisor. Also in the news: A new episode of the Smart Money podcast on setting your business up for success, the debate over student loan cancellation, and which items actually got cheaper this month. How to Find an LGBTQ-Supportive Financial Advisor Financial advisors exist for every […]
Wednesday’s need-to-know money news
Today’s top story: Advice for renters priced out of homebuying. Also in the news: How to book a flight that (likely) won’t get canceled, U.S. drivers’ gas spending soars, and how to build generational wealth. Advice for Renters Priced Out of Homebuying Use a timeout from home shopping to reevaluate goals and strengthen finances. How […]
Tuesday’s need-to-know money news
Today’s top story: How the rest of 2022 might play out for homebuyers. Also in the news: How a hotel satisfaction promise has led to more discontent, 4 money moves to make before baby arrives, and when to choose miles over reward points. ‘Good deals for the bold:’ How the rest of 2022 might play […]