Personal Finance

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Latest Personal Finance News

6 types of bad credit loans and their uses

urbazon/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Bad credit loans often come with high interest rates and may…

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Surprisingly, Taxes Are Present Even At Your Local Farmers’ Market

“Do you need an invoice for your taxes?” the farmer asked. The buyer grabbed her produce and handed over the…

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New Guidance On Latest Student Loan Forgiveness Plan Issued Prior To Key August Deadline

The Biden administration has released new details on an upcoming student loan forgiveness initiative that could benefit millions of borrowers.…

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IRS Grants Retirement Account Holders Ability to Withdraw $1,000 for Urgent Needs

It is easier to take up to $1,000 out of retirement plan savings to help with an emergency under a…

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Proposed Tax Regs Provide Exceptions To Treating Transferors As Trust Owners

Published May 8, new proposed regs (REG-124850-08) provide guidance on information reporting of transactions with foreign trusts, receipt of large…

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Green Card Holder Works Abroad: Tricky U.S. Tax And Immigration Issues

Navigating the intricacies of U.S. tax laws can be challenging, especially for green card holders living abroad. Green card holders…

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Spotlight Shifts To Warning Signs In Latest ERC Update From IRS

The Internal Revenue Service (IRS) issued yet another update regarding the processing of Employee Retention Credits (ERC), warning taxpayers to…

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Survey: Half of American cardholders now carry credit card debt, many with no plan to pay it off

Credit cards can be powerful tools to purchase things you need and build a strong credit history, but they can…

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11 Financial Planning Tips for Seniors

As you age, your financial priorities can shift to focus more on preserving wealth, ensuring a steady income stream and…

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How to Make Your Own Retirement Income Distribution Plan

Creating a retirement income distribution plan involves managing your savings and investments to generate a steady stream of income throughout…

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