Mythbusters: tax deductions. Yes, in certain situations you can claim your significant other as a dependent or deduct medical expenses. Whether you filed for a tax extension and have yet to file your taxes for last year, or you’re simply thinking ahead to next tax season, it’s important to know the facts about tax deductions. [...]
Following the housing bubble burst in 2007, when home values fell by 60 percent or more in some areas, approximately 23 percent of homeowners owed more on their mortgages than their houses were worth by the end of the third quarter of 2009. The lack of equity froze these homeowners in place for years, leaving [...]
Being a first-time homebuyer also means being a first-time buyer of homeowner’s insurance. Just like every other part of the home-buying process, this decision requires research, comparison shopping, and careful consideration. Your homeowner’s insurance provides broad coverage for damage to your house (unless specifically excluded in your policy), as well as coverage for personal liability [...]
What's going on in the housing market? What tax opportunities can homeowners take advantage of? Get answers to these questions by listening to this week's Ilyce Glink Show. You can click the audio link below to listen to the full show, or download the podcast via iTunes. This week I talk to four guests: Svenja Gudell, the Senior Director of Economic Research [...]
After the housing bubble burst and the recession hit, many homeowners had trouble paying their bills. Some lost their homes, while others opted to sell their homes in a short sale. This gave buyers a great opportunity to purchase homes at less-than-fair market value. In a short sale, the lender agrees to accept less than [...]
Miss my show on News 95-5 and AM 750 WSB? The BRAND NEW Ilyce Glink Show Podcast will give you the information you need to make informed decisions about buying a new home, investing in real estate or improving your credit. https://youtu.be/0M91Pp6Fxxk Thanks again to everyone who has read, watched and listened to me throughout [...]
If you’re an employee whose company offers a 403(b) plan, it’s important to understand the difference between it and a 401(k) plan. Generally, nonprofit organizations such as schools and hospitals offer 403(b)s, though they may offer 401(k)s as well. For-profit companies may offer 401(k)s, but they are not allowed to offer 403(b)s. The similarities between [...]
Thinking of selling your house on your own? Real estate listings have migrated to the Internet, where interested buyers can find your house in a single click. Could selling it be more difficult than selling an antique through an online auction site? Is the money you’d save on paying a real estate commission worth the [...]
