Terry Savage’s Archives
Below you will find the columns terry has written by date.
Below you will find the columns terry has written by date.
College Tuition, Student Loans & Taxes
When it comes to college and money, everyone is focused on getting money for college this year or wondering whether the new administration will forgive some student loans of the past. But with the tax return deadline now pushed to May 17, you might want to also focus on the tax implications of scholarships, loan..
Credit Score can Improve
Have you checked your credit score lately? It might have improved during the pandemic, and there are steps you can take to help that process along. In fact, many people are at a critical moment when they can either raise their scores or revert to their old spending habits. While we know that many families..
A Brief HIstory of Taxes
The Internal Revenue Service has postponed the deadline for filing income taxes for 2020 to May 17, 2021, giving Americans a chance to avoid this unpopular topic for an extra month. Most states that have an income tax have fallen in line. But those first quarterly estimates are still due on April 15 and June..
Stocks for the Long Run!
As the stock market makes new highs and headlines, the pundits continue to debate which stocks will outperform. And how high could the stock market go? Or will a bear market wipe out all recent gains? You’ll get wide disagreement among market professionals on these issues. Even worse, some people now think the stock market..
IRS/Treasury Update on EIP#3 and Tax Deduction for $10,200
The Treasury Department and IRS held a media call on Monday afternoon, updating information on tax issues related to the American Rescue Act, including the 3rd stimulus payment of $1400 and the tax waiver for some unemployment benefits. Here are Key Points: EIP #3 (Third Stimulus Payment) • NO action is needed by most EIP..
New Stimulus Bill Details
The new stimulus bill, The American Rescue Act, contains sweeping provisions that will impact the personal finances of millions of Americans. Here are some of the key provisions: Stimulus Payments Everyone gets a $1400 stimulus payment, subject to income limitations of $75,000 on a single return and $150,000 on a joint return. (Above that level..
