Today’s top story: The IRS isn’t having any of these reasons not to pay taxes. Also in the news: What to buy (and skip) in April, how to shop for used clothes – and why you should, and 4 ways to use your health savings accounts to boost your bottom line. The IRS Isn’t Having […]
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Wednesday’s need-to-know money news
Today’s top story: Don’t let technology bully you into tipping. Also in the news: 4 things that could make you the target of an audit, how lending a hand by co-signing a loan can backfire, and 7 smart ways to spend a $1,000 tax refund. Don’t Let Technology Bully You Into Tipping You decide how […]
Tuesday’s need-to-know money news
Today’s top story: How grads can get another shot at student loan forgiveness. Also in the news: Spring cleaning your credit cards, how to sidestep 3 unethical financial advisor tactics, and how to handle loaning money to your parents. How Grads Can Get Another Shot at Student Loan Forgiveness This could be your last chance. […]
Why you should freeze your child’s credit
For years, identity theft expert Eva Velasquez warned parents that freezing their children’s credit reports was difficult, problematic and probably unnecessary. Velasquez, chief executive officer of the nonprofit Identity Theft Resource Center, has since changed her mind. Or rather, the sheer volume and severity of database breaches — including last year’s breathtakingly huge compromise at […]
Monday’s need-to-know money news
Today’s top story: How to turn a tax refund into a fatter paycheck. Also in the news: 3 money lessons we can learn from ‘Roseanne,’ what to do when your tax pro botches your return, and how to set money goals with your spouse. How to Turn a Tax Refund Into a Fatter Paycheck Make […]
Q&A: A large foreign bequest could trigger U.S. taxes
Dear Liz: I have received an inheritance of $445,000 from a relative who died out of the country. Do I have to pay income tax on this money? Answer: If you inherited from someone who was a U.S. citizen who lived abroad, then that person’s estate may be subject to U.S. estate taxes. The estate […]