Today’s top story: How to get a tax deduction for moving. Also in the news: Learning about penny stocks, how to deduct graduate school on your taxes, and how to find and purge unwanted recurring charges. Moving for Work? How to Get a Tax Deduction An unexpected housewarming gift. What Is a Penny Stock? An […]
Recent Blog Posts
Q&A: When generosity becomes a taxing issue
Dear Liz: I recently came into some money, and I would like to share it with my family. I understand that there are annual tax caps on how much you can give to someone ($14,000 per person per year). However, does this limit apply only to cash and cash equivalents or also to any other gifts? […]
Q&A: How one spouse’s bankruptcy filing affects the other spouse
Dear Liz: If one spouse files for bankruptcy, how does that affect the other spouse? What happens to the joint accounts? Answer: How the nonfiling spouse is affected depends on whether they live in a community-property or a common-law state. Most states are common-law states. Property and debts acquired during marriage can belong to only […]
Friday’s need-to-know money news
Today’s top story: NerdWallet’s best credit card tips for June. Also in the news: Why retirees shouldn’t shun the stock market, Americans are taking on more borrowing, and why early retirement isn’t as awesome as it sounds. NerdWallet’s Best Credit Card Tips for June 2017 What to do with your plastic. Why Retirees Shouldn’t Shun […]
Thursday’s need-to-know money news
Today’s top story: Stocks at a crossroads: 3 things to watch for in June. Also in the news: Why kids should stash summer job cash in a Roth IRA, millennials are stressed about their finances, and why now is the time to buy a used car. Stocks at Crossroads: 3 Things to Watch for in […]
This money habit makes all the difference
Planning ahead is hard when you’re broke. But planning ahead may be the best way to stop being broke and start building a solid financial future. People who have a strategy tend to save more money and be financially healthier than those who don’t, studies have found. In my latest for the Associated Press, why […]