IRS issued the new official tax brackets, standard deductions, and other amounts like phaseouts and credits in March 2018. The GOP appears to have settled on a final tax bill. Below are the 2018 income tax rules that have substantial changes in the brackets, deductions, and exemptions. This data plays a key role in your tax planning for 2018 and the amended income tax return that needs to be filed.

Seniors who are 62 and above can borrow money from the lender against their home’s equity, which is called a reverse mortgage. The borrowers are expected to pay property taxes, maintain and insure the home according to the FHA guidelines. Those who are planning to sign up for the reverse mortgage should know how the reverse mortgage works, the different types of reverse mortgages available to them, benefits of reverse mortgages, and cost of reverse mortgages.

People always dread that time of the year when they have to file their tax returns. This is because filing for tax returns is a tedious process, and people often end up making erroneous calculations. To prevent such fiascos from occurring, a majority of people hire professionals to help estimate their tax returns.

Debt securities are issued from time to time to finance certain types of capital expenditure. One such security is municipal bonds issued by a state, municipality, or county. A debt obligation arises after municipal bonds are issued for facilitating projects that are in the interest of the public. Popular examples of capital expenditure include the construction of highways, bridges, schools, and hospitals among other public interest projects.

Gone are the days when credit cards were the only cards that were a crucial part of our lives; these days people eagerly opt for gas credit cards as well. Gas credit cards are instrumental in helping consumers save money at the gas station, and they offer high returns when you use them diligently.

The process of going through a mortgage loan can be difficult to execute, which is why you need a good company that sticks with you and makes it easier. It is ideal to go for a company that has been in the field for quite a few years and has the required experience to guide you.

Traveling is an exhilarating experience that can add to the most memorable moments of your life. It gives you the exposure that will leave you cherishing it forever. From going on family trips to packing away with your gang, the thought of traveling can make anyone go weak in their knees.

If you own a car, then you would know that it is very important to have a car insurance. Finding the cheapest car insurance can sometimes be a daunting task with the plethora of options available in the market. A lack of diligence while shopping for the cheapest car insurance can result in a hefty monthly bill.

One of the largest online payment processors in the world is PayPal. This leading payment processor allows one to transfer money, process debit and credit card payments, and much more. Powerful brands such as Nike, eBay, iTunes, Coca-Cola, Walmart, iTunes, Adidas, and many others also use PayPal. If one is considering to start using or switch to PayPal, there are some advantages and disadvantages of PayPal that one should be aware of.

A mortgage-refinancing program, Home Affordable Refinance Program (HARP or ) is offered to homeowners who have an outstanding loan balance on a house that is less than the value of the home itself. HARP was put forward in 2009 by the Federal Housing Finance Agency (FHFA) to make homeownership affordable and deal with the housing downturn strategically.

Fixed income mutual funds that are invested in debt securities are known as money market mutual funds. The main characteristics of money market funds are that they have short maturities and the credit risk is also minimal. They also are a part of the lowest-volatility types of investment. Depending on the type of securities the fund invests in, money market funds are either taxable or exempted from tax.

To get the finances in order, it is necessary to have the tax planning for 2018 in order. It ensures that one makes all the right money moves next year. It is important to know how the federal tax reforms can be benefited. One must know how the new tax bill will impact them as the reforms may lead to some paying more and some paying less tax.