Understanding basic federal tax rules could help you keep more of your hard-earned money. Whether you’re filing your taxes solo or hiring a professional, these five strategies can help you optimize your tax return for the 2024 tax year. 1. Understand Your Filing Status Your tax filing status determines your tax bracket, standard deduction amount, and eligibility for specific tax credits. Selecting...

College graduates often feel overwhelmed when their student loan payments kick in, especially while juggling new career responsibilities and living expenses. Without a solid plan for handling student loan debt, you might struggle to make payments, damage your credit score, or have to postpone other financial goals. Use these practical tips to design a plan that balances your student loan...

When buying or leasing a new car, a crucial type of coverage called gap insurance could protect you from unexpected financial loss. Also known as Guaranteed Asset Protection, this optional coverage provides relief during two of the most devastating scenarios car owners can face - when their vehicle is totaled or stolen. Here’s what you should know about gap insurance. How Gap Insurance Works Gap...

Money worries don’t just affect your wallet - they can also take a serious toll on your sleep, relationships, and overall well-being. Whether due to economic uncertainty around the globe or in your home, the resulting anxiety may negatively affect your mental health, making it harder to take action to improve the situation. But you can take steps today to gain peace of mind. 1. Create a budget. A...

In the wake of natural disasters like the recent California wildfires and South Carolina hurricanes, victims face numerous challenges, including the risk of falling prey to scams. At the same time, generous individuals looking to help those in need must navigate a landscape riddled with fraudulent charities. Here’s how to protect yourself as a disaster victim and make informed decisions when...

The average student loan debt in America now exceeds $37,000 per graduate . Despite numerous cost-saving opportunities, many families miss out on thousands of dollars in potential savings. Understanding your options can help mitigate costs as higher education expenses continue to outpace inflation and wage growth. Here are seven strategies worth exploring. 1. Online and Hybrid Programs Online and...

A strong credit score can unlock better loan terms, lower interest rates, and expanded financial opportunities. This three-digit number significantly influences major purchases, from buying a home to financing a car. Yet many people struggle to understand what their credit score actually means and how different ranges affect their borrowing power. Here’s what you should know. Credit Score Range...