Today’s Headlines: Auto Loans: The Next Bubble?

Today’s Headlines: Auto Loans: The Next Bubble?

Does Anybody See a Pattern?

The financial crisis of 2007-2008 was caused in no small part by a housing market full of questionable mortgages. Loan qu[......]

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Today’s Headlines: How Your Credit Affects Your Homeowner

Today’s Headlines: How Your Credit Affects Your Homeowner

The Wide Reach of Your Credit Report

Your credit report, which is a compilation of your credit-related activities, plays a huge part in all of your f[......]

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Achieve Financial Literacy!

Achieve Financial Literacy!

April is National Financial Literacy Month. Why do we dedicate this calendar page to highlighting financial skills and education? The tax deadline? So[......]

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Delinquent Auto Loans At 8-Year High

Delinquent Auto Loans At 8-Year High

If you are having trouble making your auto loan payments, recent data from the New York Federal Reserve suggests that you are not alone. According to[......]

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Today’s Headlines: Consumer Credit Growth Slows

Today’s Headlines: Consumer Credit Growth Slows

Slower Credit Growth for the New Year

Are you using more or less credit these days? If your habits track the latest data released by the Federal Rese[......]

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ARE PROPERTY TAXES DEDUCTIBLE?

There are a considerable number of deductions that can be used while one files the income tax return. The income tax in the United States of America, is basically a federal tax that is collected by Internal Revenue Service. In addition to the federal tax that is collected by the IRS, there are a con[……]

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TYPES OF TIME DEPOSITS

Depositing money in banks is considered to be one of the safest ways of investment in today’s uncertain times. Investors in stock markets and real estate have learned this the hard way during the phase of economic recession. The losses in such risky asset classes can be heavy, and can really affect[……]

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WHAT ARE WITHHOLDING ALLOWANCES?

A withholding allowance is basically a tax compliance that is imposed by the Internal Revenue Service (IRS) of the United States, and is adhered to by the employees and employers. To file for this compliance, they need to fill a W-4, which is an IRS Form.

How it Works
The employer deducts a spec[……]

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DIFFERENCE BETWEEN SAVINGS ACCOUNT AND CHECKING ACCOUNT

Our banking system plays a very important role in the overall functioning of the economy. It is responsible for introducing liquidity into the system by providing credit lines to individuals and businesses. Another important function played by the banking system is that of offering interest on the s[……]

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WHAT CAUSES BANK RUNS AND HOW TO PREVENT THEM

In economics, a ‘bank run’ refers to a situation which arises when a large number of customers try to withdraw their funds from the bank at the same time and cause the bank to become insolvent, as the reserves with it are not sufficient to cover these withdrawals. The customers usually tend to take[……]

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CHECK OUT THIS NOTABLE INFORMATION TO KNOW HOW BONUSES ARE TAXED

Bonus amounts granted to employees are taxed, as the IRS considers it to be a part of the income.

Facts About Bonus Payments

Bonus payments are made by employers to their employees, to appreciate efforts taken by them in the workplace. They are paid from the profits made by the company during[……]

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