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Mortgage insurance premiums can increase your monthly budget significantly. They averaged between $100 and $200 a month as of the end of 2016. But sometimes they’re tax deductible—at least through the end…
If you own an investment property and collect rent from your tenants, it’s important to declare that rental income on your taxes. You can, however, deduct expenses you incur to…
The primary difference between an IRA or a brokerage account is the purpose for which you are opening one. An IRA, or Individual Retirement Account, is a retirement-based account that…
What Is the Capital Gains Tax? The capital gains tax is the levy on the profit that an investor makes when an investment is sold. It is owed for the…
The taxman cometh, and that may have you wondering: What does it mean for something to be pre-tax or tax-advantaged? From commuter and child care benefits to retirement accounts, pre-tax…