Dealing with IRS penalties and incorrect tax assessments can be frustrating. This is especially true when you believe the charges are unfair or that they resulted from circumstances beyond your control. In these scenarios, Form 843 is the IRS mechanism for requesting relief from penalties, interest and certain tax overcharges. A…
At 59, $1.6 million may be enough to retire, but leaving work also means giving up health insurance coverage from your employer. Medicare generally doesn’t become available until age 65. Paying marketplace premiums during that six-year gap could increase your withdrawal rate, and that may undercut the longevity of your…
Are you being hounded by debt collectors? The constant phone calls, harsh language and threats to sue can be overwhelming and downright scary. Unfortunately, you also have to watch out for debt collectors who try to trick you into paying for a debt that’s already been paid or a debt…
Selling your home is one of the biggest financial transactions you’ll ever make. While many homeowners worry about a large tax bill, the reality is that rules like the Internal Revenue Code Section 121 can allow you to keep much, or even all, of your profit. Here’s how capital gains…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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There’s an uncomfortable situation we need to look at in this country: the student loan crisis. This debt disaster has become way too serious to ignore—and it’s affecting the lives of millions. Right now, the total amount of student loan debt in the U.S. is over…
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In her half-century on earth, Torry Holmesly has been subjected to neglect, violence, eviction and homelessness. So, if you ask her about what…
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Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30% from 2023, according…
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Key takeaways The Fair Credit Billing Act provides a timeframe for resolving credit card disputes. This timeframe includes sending a letter to the issuer within 60 days and the issuer resolving the issue within 90 days. There are penalties for card issuers who do not adhere to this mandated timeframe,…
Credit card debt doesn’t just live in your wallet, it lives in your body and mind. It can keep you up at night, make you feel hopeless, and slowly chip away at your well-being. While many people think of debt as just a financial problem, the reality is that debt…
PeopleImages/Getty Images Key takeaways The Discover it® Student Chrome card provides college students with the opportunity to build their credit through responsible use. Unlike some student credit cards, the Discover it Student Chrome offers both a welcome bonus and the ability to earn ongoing cash back rewards. The card also…
Credit Sesame explains what student loan default means in 2025 and what resumed collections could mean for borrowers. What is happening in May 2025? Federal student loan payments officially resumed in October 2023, following a pause that began in March 2020. The U.S. Department of Education introduced a one-year on-ramp…
If you need help dealing with unexpected expenses, you’re not alone. More than 2 in 3 U.S. adults (69 percent) would be worried that they wouldn’t have enough emergency savings to cover a month’s living expenses if they lost their primary source of income, according to Bankrate’s 2025 Annual Emergency…
Homeowners have insurance to cover losses related to their house or condo, but what happens if you’re renting a property in Florida that experiences some sort of loss? Renters insurance works to cover your personal property from losses such as theft, fire and other perils. To help renters in the…
Photography by Getty Images; Illustration by Bankrate Key takeaways You can get grants from federal, state or college institutions. Look into all grant options and read through eligibility requirements to see if you qualify for multiple grants to cover your educational costs. If you’re eligible to do so, fill out…
Whether you’re working for yourself full-time or just picking up a temporary job for extra cash, you’re likely classified as an independent contractor. Working for yourself can offer flexibility and other advantages, but these perks come with trade-offs, especially when it comes to taxes. Independent contractor vs. employee: What’s the…
Key takeaways Excellent credit, minimal debts and a high take-home income are necessary to score low personal loan interest rates. Many lenders offer rates under 10 percent for well-qualified borrowers. Improving your finances, among other factors, will help you get the most competitive APR. A low-interest personal loan has an…
Value investing has proven to be one of the most successful investing strategies over the long term. Many of the world’s top investors, including the legendary Warren Buffett, have used the value approach to generate outstanding returns over time. In recent years, however, value stocks have drastically trailed growth stocks…
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