Archive for February, 2010

Lending Club $150 Bonus

Posted by Madison on February 26, 2010

Lending Club has a new bonus that’s a fantastic follow up to the great discussion earlier this week on social lending arbitrage. It is this week’s Free Money Friday offer! Lending Club rolled out a new website, and sent an email to current investors detailing the bonus offer. How to Get Your $150 Bonus Be […]

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My Dollar Plan is a Finalist for Best Tax Blog

Posted by Madison on February 25, 2010

We were excited this week to be named a finalist in the 2009 Plutus Awards. My Dollar Plan is a finalist in the category for Best Tax Blog! So far, it’s a fantastic tax season, with the completion of my enrolled agent exams, landing some great new clients for our tax business, and now getting […]

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Do You Have to File a Gift Tax Return?

Posted by Jill on February 24, 2010

We pay lots of attention to income tax returns around here, but they’re not the only tax returns with a tax deadline on April 15th. If you made a significant gift during 2009, you will also need to file a gift tax return. Update: The 2016 annual gift tax exclusion is $14,000. Gift Tax Basics […]

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Special Tax Deduction for Haiti Donations Made in 2010

Posted by Amanda on February 23, 2010

Most of us watched as the horrible events unfolded after the earthquake hit Haiti on January 12th, 2010, eventually killing over 217,000 people. Financial aid began pouring into the ravaged country, totaling more than $625 million at the writing of this article. However, much more is going to be needed to bring a country that […]

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Social Lending Arbitrage Steals My Attention

Posted by Madison on February 22, 2010

Social lending arbitrage. It’s the newest finance game in town. A reader, Derek, shares the details of how to pull off this fascinating arbitrage strategy. A special thanks to Derek for sharing his story with all of us! Social Lending Arbitrage Explained Let me tell you about my arbitrage strategy that I’ve used successfully for […]

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New Credit Card Laws to Protect Consumers Begin

Posted by Amanda on February 17, 2010

After graduating college several years ago I opened my first credit card and fell in love. When the shiny plastic came in the mail, I read over the terms and conditions and quickly realized that almost none of it would apply to me: interest rate hikes, the grace period, cash advance fees and rules, minimum […]

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Do You Have to Repay the Making Work Pay Tax Credit?

Posted by Jill on February 15, 2010

Running into making work pay tax credit problems? As you probably know, early this year congress enacted the Making Work Pay Credit as part of the stimulus package. The Making Work Pay Credit is valid in 2009 and 2010 and is worth 6.2% of earned income (up to $400) for each qualified individual. Companies were […]

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Lending Club $100 Sign Up Bonus

Posted by Madison on February 12, 2010

Lending Club has a new bonus offer. They sent an email a couple weeks ago highlighting the new Lending Club bonus offer. The $100 is this week’s Free Money Friday offer! How to Get Your $100 Sign Up Bonus Open a new Lending Club borrower account (separate from your investor account). Apply for a loan […]

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Should You Use Savings to Pay Off Debt?

Posted by Madison on February 11, 2010

Recently a close friend and I discussed a debt she wanted to payoff. She has a car loan with a balance of about $10,000 at an interest rate just north of 5%. It’s killing her that she’s paying interest on it and wants to know if she should pay off the loan with her savings. […]

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How to Take a Property Tax Deduction Without Itemizing

Posted by Amanda on February 10, 2010

Take your property tax deduction without itemizing. It’s another deduction you’ll want to claim on your 2009 tax return, as we continue our series on tax deductions. We recently reviewed the new car tax deduction. Home ownership can have some enticing tax benefits because you can itemize and deduct home expenditures–such as mortgage interest paid […]

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