With recent moves by the the Federal Deposit Insurance Corporation (FDIC), in conjunction with the Treasury and Federal Reserve Bank, to protect deposits at two large banks, many people are wondering what the FDIC is, exactly, and what it does. The Federal Deposit Insurance Corporation, or FDIC, is an independent agency of the U.S. government. […]
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According to the IRS, approximately 90% of tax refunds are issued in under 21 days. However, some tax returns require more attention, which can lengthen the process and push back your tax refund date. The deadline for filing 2022 taxes is Tuesday April 18, 2023. If you request an extension, the deadline is Monday October […]
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If youâre due a tax refund this year, youâre likely to be impatient to get your hands on the money. Perhaps you are planning on using it for a special purchase or a vacation. Or maybe you are eager to use it to pad out your emergency fund or pay down some debt. Fortunately, the […]
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The only time youâd need collateral for a personal loan is if itâs a secured personal loan. Unsecured personal loans â which is what most personal loans are â are only secured by a borrowerâs promise to repay the funds, rather than collateral. But if you do opt for a secured personal loan, whether due […]
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Do you have kitchen envy, daydreaming about Shaker cabinets, farmhouse sinks, or sleek marble countertops? Join the club: Kitchen remodeling is one of the most popular kinds of home renovation projects, with the typical âsmallâ kitchen redo costing upwards of $28,000. These kinds of upgrades can be worthwhile, with more than 70% of the cost […]
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Unemployment benefits can help you get by in the event of job loss, but this money is subject to taxes just like any other source of income. How much your unemployment benefits are taxed depends on your filing status, tax bracket, and state of residence. In this guide to unemployment benefit taxes, youâll learn the […]
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A money order can be a safe and reliable way to send money, but what happens when the recipient doesnât receive or cash it? Itâs possible to track a money order to make sure it is delivered to the intended person, but doing so may come at a cost. While the process for tracking varies […]
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A cash deposit of more than $10,000 into your bank account requires special handling. The IRS requires banks and businesses to file Form 8300, the Currency Transaction Report, if they receive cash payments over $10,000. Depositing more than $10,000 will not result in immediate questioning from authorities, however. The report is done simply to help […]
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There are all kinds of reasons why you might want to send money to someone elseâs bank account, and fortunately, there are many simple ways to do just that. Whether you want to pay a friend back who picked up a dinner tab, send your cousin some cash, or buy some fresh-baked bread at the […]
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At some point in your financial life, you may need to issue a stop payment on a check to prevent it from being cashed. This might happen because a check gets lost or stolen. Or perhaps you need to cancel a check because you filled it out with the wrong information, such as an incorrect […]
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