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Archive for February, 2011

Sharebuilder IRA Five Free Trades Offer

Posted by Jorja Marion On Feb - 27 - 2017

Open an IRA at ShareBuilder.com from ING DIRECT and you’ll get 5 free trades. That’s almost a $50 value towards your dreams. Open a no-fee IRA with Promo Code TRADES by March 7, 2011 and then get your 5 free trades. Value of trade credits when subscribed to the Basic Pricing Program is $49.75. Value when subscribed to the Advantage Pricing Program is $39.75. Visit the ShareBuilder web site for complete pricing and rates.

Homeowners: Are you ready for tax time?

Posted by Levi Dynon On Feb - 27 - 2017

 

HSH.com staff writer Gina Pogol compiled the 10 frequently-asked questions regarding homeowners and their taxes.

Let’s take a look at a few:

1. How much of my mortgage payment is tax deductible?

On a Schedule A, you can deduct the following:

  • Interest on debt used to buy, build or improve your primary or second home (called acquisition debt), as long as mortgages totaled $1 million or less ($500,000 if single or married filing separately).
  • Mortgage insurance (or funding fees for government loans) for loans taken after 2006 as long as your adjusted gross income does not exceed $109,000 for a married couple (half that for singles and those married filing separately).
  • Property taxes on first and second homes. St

Tags: Tax, Tax Time

Americans may lead planet in working past retirement age

Posted by Levi Dynon On Feb - 27 - 2017

Heres an interesting footnote to our recent blog post “Will retirement-delaying baby boomers hog too many jobs?” …

According to a press release from the insurer Aviva, 57 percent of Americans now plan to keep working beyond their normal retirement age. Whats more, thats the highest percentage of any of the 10 countries Aviva surveyed. (The survey, conducted last October and November, covered China, France, India, Ireland, Italy, Poland, Singapore, Spain, the U.K., and the U.S.).

Does this testify to a resurgence in the American work ethic? Or is it just more evidence of how worried weve become about having enough money to retire? What do you think?

Social Security Tax Reduction Boosts Personal Income 1 Percent

Posted by Jesse Shand On Feb - 25 - 2017

The Social Security tax reduction taxpayers have received has resulted in a 1-percent personal income boost, says a new report from the Commerce Department. However, despite this increase in income, consumers have only increased their spending slightly, most likely because they’re waiting to see improvement in the economy.

Social Security Tax Reduced 2 Percentage Points

As a part of the major tax reform effort that took effect at the end of last year, Social Security tax was reduced 2 percent. This reduction serves as a replacement for the Making Work Pay tax credit taxpayers received in 2009 and 2010.

So far, the reduction has resulted in a 1-percent jump in personal income. B

$100 Cash bonus for a checking account with M&T Bank

Posted by Jorja Marion On Feb - 25 - 2017

M&T Bank will give you a checking account bonus of $100 in cash if you add a direct deposit to your MyChoice Checking Account. If you already have this checking account with them, you need to activate the direct deposit feature within 90 days upon account opening.

The $100 bonus will be credited to your checking account after you post your first direct deposit. This promo still runs but can be stopped by the bank any time without notice. M&T limits the cash bonus to one for every customer.

The MyChoice Checking Account does not charge any monthly service fee if the account holder makes at least 10 purchases or payments using the check card every month. You can also avoid the monthly fee if you can maintain at least a $500 average daily balance.