What are the tax benefits of homeownership?
The tax code provides several benefits for people who own their homes. The main benefit is that the owners do not pay taxes on the imputed rental income from their…
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Investing in Index Funds: What You Need to Know
They’re easy to invest in, have low fees, and often perform very well TABLE OF CONTENTS What Is an Index Fund? The Benefits of Index Funds The Drawbacks of Index…
Should I invest in ETFs or index funds?
TABLE OF CONTENTS What’s an Index Fund? What’s an ETF? Comparing ETFs and Index Funds Exchange-traded funds, or ETFs, and index funds are very popular with investors nowadays. Both offer advantages over mutual…
Tax Deductions for Home-Based Businesses
How to Qualify and Claim Deductions for Your Home Operation Your home-based business is in a unique tax situation. You can take all the usual business tax deductions, but some…
10 Ways Your Income Taxes Will Be Different in 2021 .
It’s been a year like no other, and taxes will be no exception. Your federal income tax return for 2020 — the one due by April — will be a…
Do These 5 Things First For Happy Retirement?
You’ve worked hard for years to get where you are today. Now it’s time to plan for the next big thing — retirement. Here are four important things to do…
HOW TO CREATE AN EFFICIENT STUDENT MONTHLY BUDGET
Creating a budget while in college is a great way to track spending and take control of your finances. Here’s how you can start budgeting now and work toward achieving…
Shareholder vs. Stakeholder: What’s the Difference?
Shareholder is a person, who has invested money in the business by purchasing shares of the concerned enterprise. On the other hand, stakeholder implies the party whose interest is directly or indirectly…
Best Resources for Improving Financial Literacy
The question “Why is financial literacy so important?” can be answered by just two data points from the Report on the Economic Well-Being of U.S. Households in 2017 study by the Federal…
A Beginner’s Guide to Independent Contractor Taxes
What Is an Independent Contractor? An independent contractor (IC) is simply someone who works for someone else but not as an employee. An employee is someone who works for a business, and the…