Pat adds, “We’ve included a charitable component to our awards by making all entry fees tax-deductible to the author. In return, we personally make and send handmade fun and whimsical pillowcases to women and children in homeless shelters via Enchanted Makeovers, a 501(c)3 tax-exempt or...
Most homeowners are surprised to learn how versatile personal liability insurance is; it covers more than damage or injury caused by the named insured. Liability coverage applies to household relatives and follows you and your family to other locations. So, if your kid accidentally damages the neig...
Most homeowners are surprised to learn how versatile personal liability insurance is; it covers more than damage or injury caused by the named insured. Liability coverage applies to household relatives and follows you and your family to other locations. So, if your kid accidentally damages the neig...
Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits: $300,000 in dwelling coverage. $30,000 in other structures coverage. $150,000 in personal property coverage. $60,000...
This is a secured loan for a lump sum, fixed amount. The collateral is your home. The money may only be spent on home improvements such as maintenance or repair, additions or alterations . The interest on this loan may be tax deductible. ...
Consider High-deductible Plans High-deductible health plans (HDHPs) typically have lower premiums but higher deductibles. This means you will pay less each month for insurance, but will have to pay more out of pocket before your insurance kicks in. If you are generally healthy and do not requ...
Let’s say you want to buy a house to live in with your family. There are two options – you can either buy it in cash or get a loan. If you want to buy it in cash but don’t have enough savings in your personal bank account, you are going to have to make a potentially big...
Contributions to some IRAs may be tax-deductible, or withdrawals may be tax-free. There are several types of IRAs, such as traditional, Roth, SEP or SIMPLE. IRAs are available from banks, robo-advisors or brokers. What is an individual retirement account (IRA)? Investing in a brokerage ...
For tax year 2024, people who have self-only coverage in amedical savings account (MSA)must have an annual deductible that's between $2,800 and $4,150. The maximum out-of-pocket expense for self-only coverage is $5,550.3 The annual deductible for participants with family coverage must be...
The person responsible for post-divorce debt depends on whether the debt was incurred separately and how any debt incurred while the couple was together is divided during divorce proceedings.Ultimately, this will vary from case to case. Are Legal Fees From a Divorce Tax Deductible? No, the lega...