Gift tax limit
For the 2024 tax filing year, the amount of the annual exclusion for gifts rises by $1,000, from $17,000 to $18,000.
Category: Money & Personal Finance
Contribution limits for retirement plans
For the 2024 filing year, the most an employee can contribute to a 401(k) plan is $23,000 — a $500 increase from 2023. The new limit also applies to…
Basic tax changes for 2024 filing year
The standard tax deduction and tax brackets have changed for the 2024 filing year. The standard deduction rose to $29,200 for married couples filing…
Planning to buy a car? It’s a major financial move
It is so easy to buy a car that it is hard to remember what an expensive move it is. According to Kelley Blue Book, the standard down payment on a car is…
Laddering CDs
Laddering CDs is a popular investment strategy that involves spreading your money across multiple certificates of deposit (CDs) with different maturity…
More high schools offer personal finance
Financial literacy can mean the difference between spending your life stressed over money and living in peace and comfort. Now high schools are…
Foreclosure rescue scams target vulnerable
In the middle of a financial crisis, a scam may look like a solution — but it’s most certainly not. Foreclosure rescue scams typically target individuals…
Don’t assume, insure: Why you need renter’s insurance
You might think that if a water pipe burst in your rental, the landlord would be responsible for fixing the pipe. You would be right. But many people also…
Be sure to read it before signing the lease
Apartment complex managers say most people don’t read the whole lease before signing it. Later, if there’s a problem, they’ll say, “You didn’t tell me…
How to tank your credit score overnight
If you want to whip up a credit catastrophe, miss a payment. On-time payments account for 35 percent of your credit score. It is the biggest single chunk…