Do You Have to Pay Income Tax on Social Security?

Posted by Madison on March 17, 2016

Do you have to pay income tax on social security? How will it impact the taxes on your other income from interest and dividends? Whether or not your social security benefits are taxable depends on your total income and filing status. In addition, it changes from year to year, so while your social security benefits […]

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How to Figure Out Whether Or Not You Can Afford It

Posted by Don on March 15, 2016

When you are shopping for a new item, a car, an appliance or even a house, if I were to ask you if you could afford the item, how would you answer? I’m not asking for you to tell me yes or no, you can or cannot afford it. Rather I want to know why […]

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Citi Prestige Sign Up Bonus Worth Over $1,000

Posted by Madison on March 11, 2016

We just circled back on our $4,500 Credit Card Application Spree to pick up our 8th day Citi card. (Citi’s rules state that you can’t apply for two cards on the same day, you need to wait 8 days to apply for the second card). We got a Citi Prestige card… a card I never […]

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Should You Reverse Your Roth IRA Conversion?

Posted by Jill on March 10, 2016

When you file your tax forms, you report contributions to an IRA or Roth IRA. You also report completed conversions (and corresponding tax liability) from one type of account to another. Finally, you can use your tax forms to reverse your Roth IRA conversion by recharacterizing your Roth IRA back to a Traditional IRA. Income […]

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How Much is the Penalty for No Health Insurance?

Posted by Madison on March 8, 2016

Obamacare, or the Affordable Care Act is now in the third year of providing health insurance. However, it’s only the second year of reconciling the health care requirements and the health insurance premium tax credit on your tax return. The fee, or insurance penalty tax, for going without health insurance increases each year. Here’s how […]

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Starwood Highest Ever Sign Up Bonus: 35,000 Points

Posted by Madison on March 4, 2016

The Starwood American Express card just increased their sign up bonus to 35,000 points! This is the highest sign up bonus they’ve ever offered. The standard sign up bonus is 25,000 points and they usually bump it up to 30,000 points sometime during the summer. But it’s never been 35,000 points before! The offer is […]

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One of the basics to a solid financial life is to have an emergency fund should something unexpected happen. If you’ve lived more than a few years, you know that things can and will happen all of the time and the importance of having an emergency fund is undeniable. But issues arise when you start […]

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This Month’s Most Popular Finance Tips: February

Posted by Madison on February 29, 2016

This month our most popular finance tips were managing your finances, steps to wealth, making more money on Amazon, an application spree, things you need to know before you play the lottery, and the last chance to pick up the Chase $600 bonus before the end of the month. If you missed the most popular […]

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As I mentioned in our $4,500 Credit Card Application Spree Chase is changing the rules for those of us who apply for lots of credit cards. Earlier this week, we picked up the Chase Ink Plus Business card with a 60,000 point sign up bonus. The card was approved two days later before the new […]

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When is the Tax Deadline? It’s Not April 15

Posted by Madison on February 25, 2016

The 2016 tax deadline for your 2015 tax return is on April 18, 2016. Why is the Tax Deadline Not on April 15? Emancipation Day Holiday. Sometimes the tax deadline is delayed due to the Emancipation Day holiday. This year the tax deadline is extended for everyone even though all states do not observe the […]

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