Adding someone to a deed with a mortgage can complicate things. Chances are, though, you won't have to change anything with your mortgage as long as you notify them of the change. But you may...
http://budgeting.thenest.com/changing-deed-affect-mortgage-24405.html
If you plan to write off certain deductions on your tax return, you should know what qualifies and what does not. Items in deccent and good working order can be donated and the value deducted...
http://budgeting.thenest.com/tithing-church-count-charitable-donation-23821.html
Withdrawing from an IRA as retirement income does not mean the income is subject to Social Security tax on the IRA distributions. The FICA tax paid on employment earnings has already been paid on...
http://budgeting.thenest.com/ira-withdrawals-subject-social-security-tax-27805.html
Some tax credits are refundable – they can result in the IRS sending you a check for the balance after the credit erases any tax you might owe. Unfortunately, the new Family Tax Credit isn�...
http://budgeting.thenest.com/much-back-child-taxes-26170.html
Homeownership involves many expenses that you don't pay when you rent an apartment, such as property taxes, interest on home loans and the cost of maintaining the home. Buying a home can, how...
http://budgeting.thenest.com/buying-home-always-tax-return-25035.html
While it may seem odd at first, there are many reasons for one spouse to buy a house without the other. Some couples keep all finances separate. If one spouse is using inherited money for the...
http://budgeting.thenest.com/obtain-mortgage-spouse-21135.html
It's perfectly legal to collect Social Security benefits while you're also paying into an IRA. Unfortunately, Social Security income does not count as "compensation," which you must have to b...
http://budgeting.thenest.com/drawing-social-security-paying-ira-29912.html
Claiming a child on taxes that is not yours is possible, as long as that child meets the IRS's requirements for a dependent. If your niece or nephew lived with you for the entire tax year and...
http://budgeting.thenest.com/can-uncle-claim-nieces-nephews-27981.html
Both payroll taxes and income taxes are typically withheld from an employee’s wages. The difference between payroll tax and income tax is that payroll tax is used to cover the cost of Medic...
http://budgeting.thenest.com/difference-between-payroll-tax-income-tax-25574.html
The key to understanding W-4 and 1099 forms is to know whether you’re an employee or a sole proprietor. The W-4 signifies an employment relationship, and the 1099 represents a contractual r...
You are not legally obligated to record your newly married name on your old mortgage and related property deed unless you wish to change the tenancy status. However, if you choose to not incl...
http://budgeting.thenest.com/happens-dont-change-mortgage-married-name-20961.html
The Social Security Act of 1935 has delivered monthly retirement payments to American workers over seven decades. Social Security has also paid benefits to survivors of deceased workers, incl...
http://budgeting.thenest.com/social-security-benefits-children-college-28385.html
Each time you begin a new job, your employer gives you a W-4 form to complete. This form tells your boss how much to take out of each paycheck for federal income taxes. Virtually every job �...
http://budgeting.thenest.com/fill-out-form-w4-fulltime-student-23910.html
Everybody loves tax exemptions. They reduce the amount of your taxable income, which affects the amount of taxes you pay. You can take a personal exemption for yourself, and you get an exempt...
http://budgeting.thenest.com/can-boyfriend-claim-child-his-taxes-26321.html
A TSA, also known as a tax-sheltered annuity or a 403(b) plan, is a retirement plan offered by non-profit institutions. Both employees and employers can contribute to the plan but must remain...
You can keep working and collect Social Security retirement or survivor's benefits at the same time. However, Social Security will reduce your benefits if you earn more than the government's ...
http://budgeting.thenest.com/considered-earned-income-social-security-benefits-27625.html
Everyone says that the only two sure things in life are death and taxes. However, in the long run, taxes may be less certain. With some debts, such as medical bills or credit card debt, the s...
http://budgeting.thenest.com/far-back-irs-back-taxes-29531.html
It's bad news when someone who owes you money fails to pay the debt. You may be able to compensate for your loss by taking a tax deduction, but some bad debts don't even give you that benefit...
http://budgeting.thenest.com/can-write-off-uncollectible-debts-taxes-26199.html
When you buy a home with someone else, both of you have ownership rights. If the co-owner decides he no longer wants to own the property, you have the option to buy out his share. Aside from ...
http://budgeting.thenest.com/buy-out-rights-coowner-house-33017.html
There’s actually no minimum amount you have to make to file a tax return. Sometimes people file just because they can get money back. But the IRS does have rules that state how much you can...
http://budgeting.thenest.com/much-need-make-file-taxes-26255.html