You may not be divorced or even separated when you find out that your spouse stole money from you. When your husband or wife steals money from your bank account or wallet, they may have lied to you to cover up their act and broken your trust. Lies like these can be especially damaging to […]
What to Do if Your Spouse Stole Money From You Read More »
When you’re filing your federal income tax return, you undoubtedly want to pay the least amount of money possible to Uncle Sam. One effective way to minimize your taxes is by claiming various dependents and exemptions on your income taxes. Claiming the right number of dependents and exemptions can sometimes save you hundreds, or possibly
6 Tax Rules to Know When Claiming Dependents and Exemptions Read More »
Feeding your children when money is tight is one of the most painful and stressful challenges a parent can face. With rising food prices and economic strain, millions of American families are struggling to put meals on the table. If you’re in this situation, know that you are not alone—and there are concrete steps you
Feeding Your Children When Money Is Tight: A Practical Survival Guide Read More »
A reader of AskTheMoneyCoach.com wanted to know how to deal with a defaulted student loan. Her question and an answer are provided below. Many thanks to Marlene Ware, of the National Foundation for Debt Management for her expertise and providing the answer that follows. Question: My husband’s Sallie Mae loan went into default and was
My Husband Defaulted on a Student Loan. What Should We Do? Read More »
Your Social Insurance Number (SIN) is required for work and to receive any type of government benefits in Canada. You will be assigned a unique number if you are a Canadian citizen, a temporary resident, or a newcomer to Canada. It works in a similar way as the Social Security Number (SSN) issued to eligible
What Should I Do If My Canadian SIN Card Has Been Stolen Read More »
After the economy took a nosedive from 2007 to 2009, President Barack Obama signed the American Recovery and Reinvestment Act (ARRA) into law. This bill was designed to give the economy a boost by reducing federal taxes, increasing unemployment benefits and also increasing spending in certain areas. Many people were directly affected by this bill
What is the American Recovery and Reinvestment Act? Read More »
Whether you forgot to take all of the deductions you were eligible to take, or just reported a few wrong figures to your tax return, you do have some options for amending your return. In fact, you have three years from the original filing deadline to send in an amended return. You don’t need to
Dealing With Mistakes On Your Federal Tax Return Read More »
Before this year’s tax-filing deadline in April, you may consider hiring someone to fill out your taxes. Lots of people don’t want to bother with the complicated IRS tax forms or worry about whether they’re interpreting tax laws correctly.
10 Tips to Select an Income Tax Preparer Read More »
When you and your spouse both know that your marriage just isn’t going to work and you want a divorce, you might end up staying married because neither of you can really afford to leave. Many people who want to file for divorce realize that they simply can’t afford to end their marriage when they
What to Do If You Can’t Afford to Leave Your Spouse Read More »
If you’re expecting a tax refund this year, don’t overlook the benefits of requesting a split refund. The IRS offers this option for taxpayers who want to have their tax refund deposited into up to three different accounts. There are a number of reasons why you might want to do this, and making this request
What is a Split Refund? Read More »
If you have recently ended a marriage or a relationship and had children at some point during the relationship, you may be eligible to receive child support from the other parent. Child support laws exists to ensure that the child or children are appropriately cared for once the parents’ relationship has terminated. Child support is
What to Do If You Need Child Support Read More »
Understanding the age limit for claiming a child as a dependent is crucial for maximizing your tax benefits. The IRS allows you to reduce your taxable income by claiming a child, but several specific rules—including age, relationship, residency, and financial support—must be met for your child to qualify. Why Claiming a Child as a Dependent
Is There an Age Limit for Claiming a Child as a Dependent? Read More »
If you’re feeling the financial pressure of your child heading off to college—and you don’t have tens of thousands saved—you’re not alone. With tuition, room, and board costs climbing steadily, many parents wonder: What can I do if I can’t afford college for my child? According to recent College Board data, the average annual tuition
Can’t Afford College for Your Child? Here’s What to Do Next Read More »
30 days. That’s roughly the amount of time the average American sticks to his or her New Year’s resolution. If we’re honest about our financial New Year’s resolutions – like saving money, better organizing our finances, or laying off the credit cards – many of us will admit that we might not even make 30
Jumpstart Your Finances in 30 Days Read More »
If you’re thinking about getting a peer‑to‑peer loan, it’s probably a good idea for those of you who have high interest rate credit card debt. But peer‑to‑peer loans offer far more benefits than just that. For entrepreneurs who need financing, P2P loans are also a ready source of cash. And most small business owners know
The Pros and Cons of Peer-to-Peer Loans for Entrepreneurs and Consumers Read More »
