Dear Liz: I have a friend who recently died after co-signing a student loan for her son. She was making the payments. Does that loan go to her son now to repay? Answer: Possibly. Another possibility is that her estate is on the hook. It all depends on the loan agreement, which varies from private […]
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Q&A: Deducting medical expenses racked up by another person
Dear Liz: I recall reading that an individual could deduct unlimited medical expenses for another person, as long as the provider was paid directly. Looking at IRS Publication 502, it appears that now only a “qualifying relative” (the closest I could get to eligibility) is eligible for a deduction on another person’s return. I’m asking […]
Friday’s need-to-know money news
Today’s top story: Caring counselor offers real help in student debt crisis. Staying away from envelope stuffing scams, make money with online surveys, and five mistakes to avoid when paying for college. Caring Counselor Offers Real Help in Student Debt Crisis This is how help in the student debt crisis should be. Stay Away From […]
Thursday’s need-to-know money news
Today’s top story: Cheated by student loan ‘Debt Relief” firm? What you should do. Also in the news: Rules rollback won’t keep defrauded student borrowers from loan forgiveness, 3 costly mistakes beginning investors make, and what to give and spend during Wedding Season. Cheated By Student Loan ‘Debt Relief’ Firm? What To Do Important steps […]
Wednesday’s need-to-know money news
Today’s top story: Fed point fingers as ‘Debt Relief’ companies prey on student loan borrowers. Also in the news: Distressed borrowers say student debt help was anything but, why investors care about rate hikes, and why your credit cards shouldn’t retire when you do. Feds Point Fingers as ‘Debt Relief’ Companies Prey on Student Loan […]
Tuesday’s need-to-know money news
Today’s top story: Down payment strategies for first-time buyers. Also in the news: How businesses succeed serving the “bottom of the pyramid,” 3 simple ways to save on Father’s Day, and how easy it is to switch to a credit union. Down Payment Strategies for First-Time Home Buyers Taking a big step. How Businesses Succeed […]