Author: News Room
FICA taxes, which are also called payroll taxes, are mandatory for most working Americans and cover both Social Security and…
Image by GettyImages; illustration by Bankrate If you receive income or have any taxable activity, such as a business or…
Credit: Images by GettyImages; illustration by Jessa Lizama/Bankrate Understanding the difference between gross and net income can be helpful for…
Alistair Berg/DigitalVision/Getty Images One of the highest rewards rates on the market, you can earn 5 percent cash back on…
Key takeaways A prepayment penalty is a fee designed to discourage borrowers from paying off a loan early, before the…
Logo courtesy of Ally Bank Ally Bank is an online-only bank offering a wide range of financial products, including deposit…
In a unanimous decision, the U.S. Supreme Court ruled that a Catholic organization qualifies for a tax exemption even though…
Inflation has been stealing from your paycheck, and all signs indicate that’s not going to change anytime soon. Even if…
Homeowners insurance is usually not tax-deductible for personal residences, but you may be able to deduct part of the cost…
You generally need earned income—such as wages, tips, or self-employment income—to contribute to a Roth IRA, since these accounts are…