What Is My Tax Liability on a $250,000 Life Insurance Policy?
If you're named as the beneficiary on a life insurance policy, you can look forward to a substantial payout at some point in the future. If the policy in question is a
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If you're named as the beneficiary on a life insurance policy, you can look forward to a substantial payout at some point in the future. If the policy in question is a
If you’re like most homeowners, you might not be aware that the federal capital gains tax could apply to the sale of your home. Unlike regular income tax, capital gains tax is
Like many aspects of a long marriage, tax issues can cause serious disagreements. In some cases, they can even lead to divorce. If you believe that the tax-related problems that you’re having
Every year, the credit scores of thousands of college graduates suffer at the hands of their defaulted student loans. Despite relatively low interest rates and numerous payment-protection safeguards, a significant proportion of
Year-end tax planning can be nerve-wracking. Depending upon the complexity of your tax situation and the amount of money that you earn in a given year, your tax return could be fearfully
Despite a raft of new regulations that are designed to make health insurance more affordable and prevalent, finding adequate, inexpensive coverage is still a challenge. Even as the cost of single-coverage health
If you earn health insurance benefits through your employer, you’re a member of a lucky cadre of American workers. Many employers have stopped providing such benefits to their employees. Others require the
These days, millions of Americans file their taxes online and receive their federal and state tax refunds via direct deposit. With the advent of broadband technology and affordable electronic financial transfers, this
If you're like most American homeowners, your mortgage is the single largest obligation that you'll ever carry. Unless you purchase a private plane or yacht, it's unlikely that you'll ever own something
For individual homeowners, the foreclosure process can be jarring and traumatic. Once the bank seizes an owner-occupied property and puts it up for auction, its owner must move out and find another
If you obtain your health insurance through an employer-sponsored plan, you're among a shrinking majority of Americans who enjoy such coverage. More and more businesses are choosing to curtail or eliminate their
These days, filing a U.S. income tax return is relatively convenient. In the past, filers had to deal with mountains of paper, mailing fees, and potential processing delays. The process was often
As a homeowner, you're probably aware that you can deduct a healthy portion of the interest that you pay on your mortgage from your total taxable income. In order to claim this
If you’re a student committed to financing your education out of your own pocket, the IRS’s Form 1098-T is a crucial component of your annual tax return. Before you can properly file
The U.S. Income Tax Code is complex and confusing. In most cases, the income that you earn is taxed according to your total annual earnings. In theory, the country’s tax laws are
These days, most American taxpayers choose to file their taxes online or with the help of professionally-designed computer software products. There are dozens of tax-filing programs that exist both in the cloud
Many employers offer tuition reimbursements for under-educated employees interested in qualifying for better-paying jobs or learning more about specific job-related skills or techniques. Unfortunately, relatively few employees take advantage of these benefits.
One of the biggest changes wrought by the new Affordable Care Act is the newfound ability of parents to include their adult children in their healthcare plans. While most consumers are aware
The cost of tuition at the country's private universities is increasing by 5 to 8 percent each year. Public universities have the same problem: At some state universities' flagship campuses, tuition has
Whether you’re paid by payroll check, direct-deposit transfer, or cash, you’re legally obligated to pay federal and state income taxes. While some business owners choose to pay their employees in cash to