Itemizing Vs. Standard Deduction: What’s Better?

To itemize or not to itemize? That is the tax question. Whether tis’ wiser to suffer the slings and arrows of standard deductions, or take advantage of a sea of deductions, and by itemizing, utilize them…. Okay, Shakespeare and taxes may not be the best combination, but the original question above is still relevant in…
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What A Fed Rate Hike Means For Your Finances

Rate Increases, at an Increasing Rate After slashing interest rates to near zero as part of the biggest economic stimulus program since the Great Depression, it took the Federal Reserve seven years to raise interest rates again. It took the Fed another year to apply a second rate hike, and only three months for a…
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Changes That May Boost Your Credit Score For Free

Changes are coming to your credit report – and this time, those changes may work in your favor. Thanks to some background work by the three major credit bureaus (Experian, Equifax, and TransUnion), public records to be included in credit reports must meet higher standards. That action should result in a boost in credit scores…
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5 Tips For 20-Somethings To Boost Their Retirement Savings Immediately

Even though retiring is the furthest thing from the minds of most twenty-somethings, you need to invest sooner, rather than later for one reason – you have an advantage over everyone else: time. Time to let your money grow exponentially. There is a reason Albert Einstein is credited with calling compound interest “the 8th wonder…
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Top Tax-Saving Tips For Freelancers

Are you tired of working for others? Being your own boss can be very rewarding both financially and spiritually, but there are challenges associated with freelance work. Taxes are one of the most difficult aspects because self-employment brings a special set of tests. Freelancers work as independent contractors and those who employ them are not…
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