If you can't claim the full Child Tax Credit because you owe less tax than the available credit, you may be able to claim the refundable Additional Child Tax Credit.
The Equal Credit Opportunity Act (ECOA) is a federal civil rights law that forbids lenders to deny credit to an applicant based on any factor unrelated to the person's ability to repay.
Like traditional savings accounts, HYSAs typically allow you to access cash when you need it, sometimes with a free ATM card. And like a traditional account, your HYSA is federally insured by either theFederal Deposit Insurance Corporation(FDIC) or the National Credit Union Administration (NCUA)...
Bear in mind that your studentloan servicerhandles the repayment of your federal student loans, so you'll have to work with your servicer to enroll in a repayment plan or change your current one.7You can usually do this online at the servicer’s website. You can also visitFederal Studen...
In Federal Income Tax What is a tax credit?Once you have determined your tax liability using the tax tables or the Tax Computation Worksheet, and once you have also determined any alternative minimum tax you owe, you have an opportunity to lower your tax burden by claiming certain tax ...
“The NCUA is federal insurance for credit union members that offers the same safety and security that the FDIC offers to consumers,” said Samantha Beeler, president of the League of Southeastern Credit Unions. As with the NCUA, the FDIC insures deposits per account holder and ownership categ...
“Interest rates have been rising across the industry,” said Kyle McBrien, a financial planner with Betterment. ” And that’s because the Federal Reserve’s rate hikes to help cool inflation.” In addition to competitive APYs, cash management accounts also offer more flexibility than savings ...
In addition to sectoral privacy laws, the U.S. is experiencing a massive drive toward pushing privacy legislation at the state level. That’s because the federal government hasn’t been able to find a consensus on how to legislate broadly. Rather than wait, state lawmakers have been nudged ...
What is the Fed’s dot plot? The Fed’s dot plot is a chart updated quarterly that records each Fed official’s projection for the central bank’s key short-term interest rate, the federal funds rate. The dots reflect what each U.S. central banker thinks will be the appropriate midpoin...
Your credit score and credit report are related but not quite the same thing. Your score quantifies your credit risk (your likelihood of failing to uphold your obligation to repay your debts, according to the Federal Reserve) into a three-digit number. Your report, meanwhile, provides the ...