financial education
Paycheck to paycheck

Forty percent of Americans living paycheck to paycheck

Have you ever had to juggle funds or make cutbacks in order to make it to your next payday? According to CareerBulder, you are not alone. In fact, 40 percent of Americans are living paycheck to paycheck. As startling as that is, the reports says that number is on the decline. Living paycheck to paycheck
Marco Rubio

Is Rubio bill to not tax Olympic winners political?

Senator Marco Rubio of Florida (R) introduced the Olympic Tax Elimination Act, or TEAM Act, last week, aimed at exempting winning Olympic athletes from being taxed on their medals. Others say the bill is just a back-door method of pushing his tax reform agenda. Olympic winners Athletes competing for the U.S. had collected 12 gold,

Accounting for divorce at tax time

Next to the death of a loved one, going through a divorce may be the hardest trial anybody faces. Besides the emotional turmoil, it can also leave you financially devastated. Don’t make it any harder by forgetting the IRS. Being informed and handling your taxes wisely following a marital dissolution can help keep a difficult
Income tax

Adjust withholding allowances to raise your pay

According to Kiplinger, 75 percent of American taxpayers give the federal government a yearly interest-free loan by not taking the correct amount of withholding allowances. By finding the break-even point — where the tax withheld from your paycheck equals the amount of tax you owe for that period — and adjusting allowances accordingly, you can
fat wallet

Stuff that should not be in your wallet

Like people, wallets are generally healthier if kept lean. Overstuffed wallets are no fun to sit on and clunky to lug around. More importantly, if lost or stolen, you don’t want enough personal information left inside to jeopardize your security. Wallet, purse or car Kiplinger recently posted a list of some things that should never
online sales tax

More states push for online sales tax

More and more states are imposing laws that require shoppers to pay sales tax for online purchases. Some online retailers are fighting back. One major player is not, however. States push for sales tax Several states have passed laws that will require consumers to pay an online sales tax. Yet more states, and Washington, D.C.,
Dave Camp

IRS over-taxed to juggle healthcare, GOP says

The Supreme Court’s decision last month to uphold nearly all of the Obama Administration’s Affordable Health Care Act will task the Internal Revenue Service beyond its normal duties of tax collection. Starting in 2014, it will be responsible for collecting proofs of insurance, as well as penalizing those who choose not to acquire it. Largest

Mitt Romney flip-flops on health care penalty

It was probably no accident that Mitt Romney chose Independence day to announce his latest flip-flop. It seems that the penalty for not acquiring insurance under Obamacare’s individual mandate provision is now a tax, even though just two days earlier, it was a penalty. Never mind the fact that Romney is attacking a system that
Al Cardenas

Mandate not the largest tax increase by a mile

The conservative media has been in an absolute panic since Thursday’s Supreme Court decision to uphold the individual mandate of the Affordable Care Act. The immediate buzz word, or “buzz phrase,” if you will, that they all seemed to have glommed onto is that the individual mandate amounts to “the largest tax increase ever.” It
previously occupied home

May used home contracts match 2 year high

There seems little doubt that the housing market is gaining ground, even as the job market continues to stumble. The National Association of Realtors said Wednesday that the number of contracts signed to buy previously occupied homes in May matched the two-year high seen in March. Matches March 2-year high The NAR said its Pending
home prices

Home prices rise across the nation, says index

Nineteen of the 20 cities tracked by the monthly Standard & Poor’s/Case-Shiller home price index saw price increases from March to April, as the housing market continues its sluggish crawl to recovery. The poor job market, however, hinders further economic growth. Rising monthly index That largest home price increase was in and Phoenix, where homes
16th century painting Poborcy podatków by artist Marinus van Reymerswale.

How to figure out your tax bracket, taxable income and tax rate

Tax time has come and gone in 2012 for most of us, but it’s never a bad time to learn more. This is particularly true if you earn a raise at work during the year, as you may be in a new tax bracket. Here’s some background on the various tax brackets that the IRS
dinosaur shoe tax

Tariffs inflating the cost of shoes for kids

Shoes are a necessity, especially for working parents with children who seem to grow out of them on a weekly basis. Yet, import tariffs are jacking up the prices of nearly all U.S.-sold shoes, cutting into the fixed budgets of people who can afford it the least. Cheaper materials taxed more The so-called “shoe tax”

Stupid ways to pay off debts

Debt is how our nation got into its current economic predicament. Once upon a time, credit was readily available and easy to get. Many of us became over-extended, never dreaming that the gravy train would slow down and make it hard to catch up again. But catch up we must, or sink deeper. Here are
grave robbers

Trading on the dead: postmortem identity theft

Grave robbing has traditionally been the option of very desperate criminals with exceptionally low scruples. In the novel and movie “True Grit,” a frontier dentist tries to make a deal with passersby for the ownership of a dead body. The dead have always had some value for those willing to plumb low enough to get
kids n money

Financial literacy concerns us all – Part 2

Many children don’t receive a proper financial education at home. As we have seen, many parents are woefully uneducated themselves in basic money management skills. That leaves the schools to save us from becoming a nation of the financially illiterate. However, most schools are not making it a curriculum priority. Trend slowing down A 2011
Kids and money.

Financial literacy concerns us all – Part 1

Some parents teach personal finances to their children at home. However, most do not. Only a handful of states require personal finance education in high schools at this time. So where do most children learn about money? Usually, the evidence suggests, they learn about it on their own in real-life trials by fire. Those who