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Friday, March 10, 2017

Personal Finance News & Tips

March 10

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Personal Finance

Many millennials have embarked on parenthood, caregiving and other stressful responsibilities. But they tend to view money from an entirely different perspective from preceding generations.

Millennials, don't forget estate planning

Ask millennials to write down a list of their plans, and it's likely to be chock-full of career accomplishments and vacation experiences.

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Personal Finance

7 things you should know about America's most-hated tax
Of all the taxes you pay, the one most people hate will surprise you.

Personal Finance

When you get right down to it, the secret sauce to building good credit is actually pretty straightforward: Take a whole bunch of on-time loan payments, keep a pinch of debt, stir in some new accounts, and let the thing bake.

7 simple hacks for building better credit
While they're no substitute for the good old traditional recipe, these maneuvers could give a so-so credit score a quick boost.

politics

Treasury Secretary Steven Mnuchin speaks in the Brady Press Briefing Room Feb. 14.

Trump administration warns of upcoming debt limit
The Treasury Department will begin to institute "extraordinary measures" to avoid default next week.

Personal Finance

IRS strikes back as agents make big dent in identity theft
The IRS reports that the number of identity theft victims plummeted last year.

Personal Finance

A nurse administers a flu vaccine shot in Washington. Medical expenses are a burden whenever they hit, but a recent study found they're most common around the first few months of the year.

Ouch: taking the sting out of medical expenses
Medical expenses are a burden whenever they hit, but a recent study found they're most common around this time of year.

Personal Finance

White bib overalls and standard work shoes, which a painter is required by his union to wear on the job, isn't distinctive in character or in the nature of a uniform to qualify as a tax-deductible outfit.

Can I deduct work clothes on my tax returns?
You can deduct the cost and upkeep of work clothes if you must wear them as a condition of your employment and if the clothes aren't suitable for everyday wear.

Personal Finance

Many crowdfunding campaigns fall well short of their goals. GoFundMe boasts a total of $3 billion raised for its campaigns, and its largest campaign in 2016 raised nearly $8 million for the victims of the Pulse nightclub shooting in Orlando, Fla. But

More turn to crowdfunding to help deal with unexpected debts
More and more Americans turn to crowdfunding websites to make ends meet after misfortune strikes.

Personal Finance

2016 Republican National Convention in Cleveland, Ohio.

How I became a news anchor: Erin Burnett of CNN
Erin Burnett's advice: "If it's not right for you, don't be afraid to take a leap."

Personal Finance

The IRS says many tax refunds remain unclaimed.

IRS owes Americans $1B in unclaimed refunds -- is some of it yours?
If you didn't file your tax return three years ago, the IRS may owe you money -- and the clock is ticking.