lifestyle - Page 6

Homeowners who meet certain conditions may be allowed to deduct their private mortgage insurance premiums from their income taxes. Private mortgage insurance, or PMI, is a requirement for homeowners w…

Undergoing a divorce can be financially and emotionally draining. In order to complete the process properly, it’s imperative the former couple consider the tax implications of their decision.Man…

Wedding season is upon us! If you’re in the throes of planning your big day, with all of the other details and expenses to work through, tax return preparation is probably the last thing on your mind.…

Few Americans stay employed with the first company they joined for the duration of their lives, which often prompts them to transfer their retirement fund to a new account at least once. However, cert…

Americans usually spend 30 to 40 years building up their retirement funds in order to ensure they have sufficient nest eggs by the time their golden years come around.But recent market volatility has …

Americans have recently been inundated with reports that they are not saving adequately for retirement, as well as the consequences and ramifications of falling short during their golden years. Althou…

Alimony payments can be expensive in some scenarios, so many divorcees may question whether these payments can be deducted from their taxes. But the answer is: it depends. There are a number of rules …

A recent ABC News report reveals President Barack Obama declared 89 major disasters in 2011, up from the 81 he declared in 2010. Additional statistics from the National Climatic Data Center reveal the…

At some point or another, most taxpayers may have heard that claiming a home office deduction raises an automatic red flag at the IRS that may trigger an audit. However, home office deductions are leg…