Taxes

Getty Getty These are literally the 5 worst ways to pay off student loans. Here’s what you need to know – and what to do about it. 1. Pay only the minimum payment What’s wrong with only paying the minimum payment? After all, that’s your obligation, right? Remember: interest is always accruing on your principal
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Economic Security Planning, Inc. Today’s column addresses questions about filing a restricted application for spousal benefits only after filing for and suspending a retirement benefit, effects of low income before filing, survivor’s benefits, conflating filing and suspending with restricted applications and the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and
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Getty Better late than never: The Internal Revenue Service (IRS) has issued the 2020 standard mileage rates. Beginning on January 1, 2020, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 57.5 cents per mile for business miles driven (down from 58 cents in 2019) 17 cents per mile
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PARIS, FRANCE – DECEMBER 26: In this photo illustration, the microblogging social network Twitter … [+] logo is displayed on the screen of a smartphone on December 26, 2019 in Paris, France. (Photo by Chesnot/Getty Images) Getty Images There was a lot of tax talk in 2019 – especially on social media. From Bitcoin to
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A recent district court case demonstrated the interesting interaction between a tax overpayment, bankruptcy, and a Treasury offset under the Treasury Offset Program.  In the case, the taxpayers borrowed money for a home purchase; the loan was insured by the United States Department of Housing and Urban Development (HUD). The taxpayers later defaulted on the
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Concern about the $100 billion Mormon horde, the “scandal” I have dubbed EnsignGate seems to still be a thing. I have a little more to share on it, but I would also like to do a bit of review of my Mormon coverage. I have made an attempt to stake a big claim to the
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Getty The 12 Days of Charitable Giving for 2019 has officially wrapped. Here’s the complete list of charities in the series:  Thank you to everyone who submitted a nomination for their favorite charity. This was one of the busiest years for the series: I received numerous submissions. I reviewed every nomination carefully and tried to
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Share to facebook Share to twitter Share to linkedin The two countries had been formalizing the agreement since earlier this month. Mark Schiefelbein/AFP via Getty Images Topline: China’s top negotiator, Vice-Premier Liu He, will lead a delegation to Washington this week to sign the much-anticipated phase one trade deal, marking a significant de-escalation of the
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