How to claimTo get this deduction, you claim it on your income tax returns (Form 1040). Unlike many other deductions, you don’t have to itemize your tax return to take advantage of the student loan interest deduction. Instead, you can claim the deduction as an exclusion from your income...
Use our Tax Credit Estimator to calculate potential savings. Learn about the Employee Retention Credit (ERC), Employee Recession Tax Credit (ERTC), and more.
Welcome to our comprehensive guide on how to file bankruptcy on credit card debt. In today’s challenging economic climate, many individuals find themselves burdened with overwhelming credit card debt. If you are facing financial hardship and struggling to manage your credit card obligations, bankruptc...
Student Loan Forgiveness, Cancellation, Discharge and Repayment Plans: Learn about federal and state programs designed to reduce or eliminate student loan debt based on your profession or financial hardship. What Is a Reverse Mortgage, and Is It Right for You?A reverse mortgage lets seniors access...
Time-sensitive matters are those in which taxpayers are experiencing an emergency or financial hardship, and they need the IRS to move faster than normal, or they will face an even greater hardship. For example, say the IRS has a federal tax lien on a property that you need to sell ...
Keep in mind that while bankruptcy can remove credit cards, medical debt or certain types of loans, it doesn’t get rid of back taxes, student loan debt or child support. The bottom line If you feel you’re drowning in debt or enduring financial hardship, debt settlement may help you tur...
Credit card debt forgiveness is a process that allows individuals to have a portion of their outstandingcredit card debt forgivenor reduced. This can provide much-needed relief for those who are struggling to make minimum payments or facing financial hardship. However, it is important to understand...
1. Check your credit scores and reports Lenders use your credit scores as a measure of your creditworthiness and to predict how likely you are to repay the loan. Higher credit scores signal a history of on-time payments and responsible credit usage. Conversely, bad credit scores indicate that...
While minor children can named as beneficiaries of a life insurance policy, they cannot receive any benefits until they reach age of majority based on state law. They would need a legal guardian to manage the funds.7 Filing a Claim
Harris' former employer contested her unemployment claim, and she had to appeal to the state unemployment office to get her benefits. For the three months while she waited for the verdict, Harris went without any pay at all. She ultimately won the appeal and received unemployment for a year,...