IRA savings and deductions If you have cash, and access to your IRA custodian, you can still deposit money into your account today. In addition to increasing your retirement savings, you can lower your taxes for 2019. “If you qualify, you can get a deduction of up to $ 6,000 …
Read More »Refinancing your mortgage can save you money. Here’s how to find out
With mortgage rates at record lows, it is no wonder that many Americans are refinancing their homes. Add to that the coronavirus pandemic and economic downturn, and the need to find additional cash or cut expenses becomes even greater. In fact, refinancing requests are 74% higher than a year ago, …
Read More »Annoyed by racial injustice? Where your bank can make a difference
An analysis found that over 40% of CDFI’s loans and investments are in majority and minority communities. LeoPatrizi Consumers can lobby for racial justice, and it’s as simple as opening an account at a community bank or credit union that supports communities that don’t receive services. Netflix recently announced that …
Read More »Tax saving moves to make before July 15
With just two weeks to go until this year’s tax filing deadline, now is the time to take advantage of the opportunity to make some key moves, which could translate into good tax savings. The Covid-19 crisis prompted the federal government to extend the due date to file its 2019 …
Read More »The next relief bill could include stimulus checks, job bonds.
Pedestrians in Washington pass a “We Are Open” restaurant sign during the Covid-19 outbreak on May 12. Jonathan Ernst | Reuters When it comes to the next coronavirus stimulus package and providing more direct financial aid, the question on the lips of most Americans is, “Will they or won’t they?” …
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