The 2017 Tax Cuts and Jobs Act went into effect on January 3. As part of the new legislation, all of the tax brackets have changed. For most Americans, the changes will offer some tax relief. However, the majority of the impact of the new legislation will be on businesses. Read More
If you’re in college, you’re probably already worrying about getting good grades, covering your living expenses, and repaying student loans when you graduate. So, worrying about your credit score might not be your biggest concern. But it should be.
The potential changes that were proposed in an early version of the 2017 Tax Cuts and Jobs Act had many U.S. taxpayers concerned and confused about what the implications might be. Taxpayers feared they would lose all sorts of deductions as result of the new tax laws and that, ultimately, the changes would result in money out of their pockets.
As it turns out, however, the final legislation, which passed on December 20, 2017 and was signed into law on January 3, 2018, ended up being much less scary than many Americans had initially feared. And while the biggest impact may prove to be on businesses, there are some important changes that will impact the majority of American taxpayers. Read More
More than 145 million Americans were compromised by the Equifax breach, their most sensitive information no longer a secret—including Social Security numbers. The epic breach included all the data that a criminal might need (and more) to commit a smorgasbord of identity-related crimes.
The response? Equifax offered a free one-year subscription to their identity protection services program as well as a credit freeze service free-of-charge. The deadline to sign up for that was recently extended to June 30, 2018. But if you are like most people affected by the breach, that deadline is meaningless. Three weeks after the breach was disclosed less than 1 percent of people eligible had signed up for the service, and the adoption rate is still anemic. Read More
While talking to your partner about money may not be at the top of your to-do list, it should be. Financial issues can wreak havoc on your love life. Not being open about your financial habits can get in the way of your relationship later on. While, you may be thinking you don’t want to startle your partner by talking finances, putting off this talk may cause bigger issues down the road.
If you have become serious with your partner and foresee a future, here are tips when the subject of money is broached. Read More