A “friend” of mine is planning on claiming working families tax credit, as they fit the working and income criteria, but they have a lump sum invested left to them by a deceased relative, does this capital count in the WFTC award or just the interest earned annually?
I don’t want a loan, but have £100,000 to invest. Is there a difference in interest rates?
If banks are having trouble finding money to loan out, shouldn’t they be offering higher interest rates on their savings accounts to attract more money? Instead, interest rates have gone down recently. Does the Fed’s rate cut overwhelm any extra money they might have gotten from savings accounts?
My job is very stable. My fiance is self-employed but business is very slow. Given current economy should we prioritize paying off cc debt or maintaining a savings?
I’m a corrections officer and i have a deducted amount each pay period. Can i use the amount already in my retirement as a savings credit??
need to know amounts allowed to save whilst claiming, not income as such but “rainy day” savings although I know interest is counted.
So I have $4000 of credit debt. I’ve got a payment schedule that the monthly minimum is about $100, but I usually send in $300. I make about $1600 a month after taxes, so it manageable. I have $2500 in my savings account. Should I go ahead and use this money to pay off some [...]
Hi I have in my W2 12a Code D with the amount $1000 but I never taken a distribution from any retirement account. What does that number mean and what is the retirement savings contribution credit? Thanks so much.
I am thinking of leaving banks and turn to credit unions… so i wanted to know why do credit unions offer higher interest rates for different types of savings accounts?