Friday, April 11, 2014

Deducting Your Home Office, Made Simpler This Year

http://www.nytimes.com/2014/03/13/your-money/taxes/deducting-your-home-office-made-simpler-this-year.html?ref=your-money
 
 
If you work at a home-based business, you may want to consider a new, simpler option for taking a deduction for your home office on your federal income tax return this year.
The Internal Revenue Service announced last year a streamlined option for the home office deduction, effective for the 2014 filing season.

Saturday, March 29, 2014

Home Prices Will Do This Over the Next Year

 

 
 as appearing in The Street
 
 
"It seems like Americans' love affair with real estate has returned," said Greg McBride, CFA, Bankrate.com's senior financial analyst. "But there are still some clear headwinds, including rising mortgage rates, stubbornly high unemployment and the relatively low U.S. household savings rate."

Friday, March 7, 2014

How This Olympian Dug Himself Out of $220,000 of Debt

 

  as appearing on TheStreet
NEW YORK (MainStreet) — As his race times improved, Jayson Jones was invited to run in more races, some of them bringing him abroad to Europe. The sprinter began amassing a larger portfolio as his winnings rose but was quickly spending more than he was earning.
Part of the problem was that Jones, whose talent would later enable him to run representing Belize in the 200-meter for the 2000 Olympic Games in Sydney and the 2008 Olympic Games in Beijing, received his winnings from European races solely in cash.

Wednesday, February 26, 2014

Consequences Are Unchanged Despite Bankruptcy's Fading Stigma

 

 
 
 as appearing in The Street
 
NEW YORK (MainStreet) — More than 13.5 million individuals and businesses filed bankruptcy in the last 10 years, according to Money Management International data while Detroit became the largest American city to go broke.And as it becomes increasingly a part of our national discourse, so too does it become less of a big deal.

Saturday, February 15, 2014

Households Lost Average of $50K-$120K in Great Recession

 

 
 as appearing in the Street
 
 By Christine DiGangi
NEW YORK (Credit.com) — As a result of the Great Recession, the average American household will have lost between $50,000 and $120,000 in earning potential, according to a letter from the Federal Reserve Bank of Dallas.
Those figures assume that the country's economic output eventually returns to its pre-recession trend path. The estimated loss nationwide is between $6 trillion and $14 trillion, and the Dallas Fed partially attributes that wide range to uncertainty of how long the recovery will take.

Thursday, January 23, 2014

This is Increasingly Popular to Help Debtors Improve Credit Scores

 

 
 as appearing in The Street
 
 
The study found that a majority of apartment renters also want their rent as well as gas, electricity and telephone services to be a factor in determining their credit scores through credit reporting agencies.

Saturday, January 4, 2014

New Face Medicaid

 

 
NEW YORK (MainStreet) — At age 33, Maya, who lives in Lakeland, Flor., had been working fulltime until she was laid off. Along with her job, she lost her health insurance and became financially strapped. Buying health insurance on her own was simply too expensive for her.
Maya, who declined to disclose her full name, is just one of the uninsured adults profiled by the Kaiser Family Foundation (KFF) Kaiser Commission on Medicaid and the Uninsured who could qualify for health insurance coverage under the new state Medicaid expansion created under the Affordable Care Act.