Passive income is money you earn without actively working for it — as opposed to earned income from a job. In general, passive income comes from putting something you own — property, money, expertise that you share to work. The revenue you collect are all forms of passive income. Of course, passive income doesn't materialize on its own; it requires an up-front investment of money and time, but it can reap many benefits. [Read more...]
Now that you’ve made that budget, how do you stick with it? It can be hard at first, but the longer you do it, the easier it gets. You need to be consistent, but a few tricks will help you achieve some of those goals. [Read more...]
A death benefit is a sum of money paid out to the beneficiary or beneficiaries of a life insurance policy, as long as the insured died while the policy was in effect. The death benefit is the primary purpose of buying life insurance coverage; it’s what your premium payments cover throughout the life of your policy. [Read more...]
For tax year 2021, there is a bigger and better child tax credit. In addition to higher credit amounts, families can receive part of the credit in advance through monthly payments from July to December, 2021.
For this year only, the credit amount is increased from $2,000 per child to $3,000, ($3,600 for children under age six), 17-year-olds now qualify, and the credit is fully refundable. [Read more...]
Paying for child care or adult dependent care is one of the steepest monthly expenses many families face. But without care, parents may not be able to leave home to earn a living or go to school. With the passage of the American Rescue Plan Act (ARPA) in March 2021, qualifying taxpayers could see significant tax benefits when they file their 2021 income tax returns. [Read more...]
Billed as a meeting to examine the operations of the White County Treasurer's office, the special meeting called last Thursday night by the White County board drew mostly Treasurer Pam Armstrong's supporters, but a few critics attended too, as she and her office’s job performance were put under the microscope. Board Chairman Ron McAnulty listed the complaints he had been getting. This is the second consecutive year that White County tax bills have been late. At one point the chairman said the county was under threat of lawsuits over late disbursements to the taxing bodies.
The world of investing offers a seemingly endless number of assets and opportunities. The assets that are right for you will depend on many factors, such as your investment time frame, appetite for risk, and financial goals. Following is a look at some of the most common types of investments you will encounter. [Read more...]
Buying your first home is considered one of the biggest milestones in life. It's a big commitment, and there's a good chance this will be the largest purchase you've made to date. As you prepare, here are a few steps to follow as you purchase your first home. [Read more...]