Today’s top story: What you need to know about taxes if you’re getting divorced. Also in the news: Honest mistakes that could ruin your credit, what you’ll be paying more for in 2015, and why you might need more care insurance. Getting Divorced? 8 Things You Must Know about Taxes Changes during a difficult time. […]
Recent Blog Posts
Q&A: When is the right time to buy?
Dear Liz: My wife and I are young (25 and 22). We owe no one money and have built up an emergency fund with six months of expenses. We both contribute enough to our 401(k)s to get the maximum match, and I contribute the maximum to my company’s stock purchase plan. Currently we are saving […]
Q&A: Taking a mortgage for the tax deduction
Dear Liz: My wife and I are both 66 and in good health. Currently we have about $1.2 million in IRAs. We’re receiving about $80,000 a year from a pension and $110,000 in salary. We have been aggressive about reducing any lingering debt. So we think we are in good shape for me to retire […]
Friday’s need-to-know money news
Today’s top story: Why you should treat your savings like the government treats your taxes. Also in the news: The hidden costs of your shopping habits, a 12-month guide to staying on the right financial track, and how to optimize your student loans in the new year. Treat Savings Like a Tax to Ensure You […]
Don’t call the IRS this tax season
Need to call the IRS with a question? Good luck with that. The IRS ombudsman tells us about half of taxpayers who call the agency this tax season won’t get through, and the average hold times could be 30 minutes or more. In a report to Congress, the Taxpayer Advocate Service blamed the widening gap […]
Thursday’s need-to-know money news
Today’s top story: Why this year’s tax refund may take longer to arrive, if at all. Also in the news: The financial upsides to being an empty nester, the impact of the Affordable Care Act on your taxes, and tips on how to compare student loans. Why Your Tax Refund May Be Slower (or Never […]