The arrival of summer is also the start of wedding season. Marriage changes many things and taxes is one of them. Newlyweds should know how tying the knot can affect their tax situation. Here’s a tax checklist for newly married couples: Name and address changes Name. When a name changes through marriage, it is important to … Read More
The Trap of Parent Plus Loans
Parent Plus Loans are underwritten by the federal government and are popular with parents who want to borrow to help pay for their children’s education. These loans allow families to borrow without regard to their ability to pay. They generally carry higher interest rates than students’ loans, and come with fewer safeguards should a family’s … Read More
Mortgage Forbearance Is Ending
The government responded to the COVID pandemic by allowing for mortgage forbearances. One of the first acts of the Biden administration was to extend existing mortgage forbearance from March 30 until June 30,2021. This additional period allowed homeowners with conventional loans to request one additional three-month extension, for a total of 15 months of loan … Read More
Elder Fraud: 9 Tips To Avoid Getting Scammed
Scams targeting older adults take many forms, including callers posing as grandchildren in need of financial assistance. Scams can come in the form of emails directly people to fake bank websites where cons collect legion credentials. The pandemic has increased our isolation, especially older adults. While technology helps us stay connected, it has also opened … Read More
IRS PUSHES BACK START OF 2020 TAX FILING SEASON
Typically the IRS begins accepting and processing individual tax returns in late January. The agency has now pushed back the start of filing to FEBRUARY 12, 2021 for returns for the tax year 2020. Though the start of tax filing season is postponed by a couple of weeks, the government says it expects to pay … Read More
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