kate_sept2004 / Getty Images Key takeaways Business grants are usually taxable In certain instances, your grant may be nontaxable You can find out if grant money is taxable by researching federal or state laws, contacting the grant organization or consulting a tax professional Always maintain good financial records to avoid…
Key takeaways The Biden administration forgave over $175 billion in student loan debt for nearly five million borrowers. While Biden canceled more education debt than any other U.S. president, he did not fulfill his campaign promise for sweeping loan forgiveness. Student loan forgiveness is not guaranteed, and there are many…
PeopleImages/Getty Images Key takeaways Simple interest is not compounded. Instead, the interest on a simple interest auto loan is based on the principal amount rather than the principal and interest combined. These types of auto loans can make your monthly payments more affordable and save you more money over time.…
JohnnyGreig/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Conventional loans are mortgages that aren’t guaranteed or insured by the U.S. government. They’re the most popular kind of mortgage, available from virtually all types of lenders, including banks and online lenders. Conventional loans typically require a 620 minimum credit score and…
Trending
Spotlight This Week
More Articles
Personal Finance
TomoCredit, a five-year-old San Francisco startup that claims it boosts consumers’ credit scores, is facing a growing number of problems,…
This founder built his brand on a simple idea: Forget about changing the world. Get rich doing mundane and even…
The 2024 presidential election has ended, and Donald Trump is poised to retake the White House, with big implications for…
Voters in Washington State have decided to keep the state’s first-in-the-nation public long term care insurance program. On Tuesday, they…
Featured Articles
If you have a low credit score, qualifying for a credit card can be challenging. At the same time, a new credit card can be essential to repairing your credit. In this catch-22 situation, your options may be limited. Concora Credit (formerly Genesis Financial Solutions)…
Dept Managmnt
Key takeaways A lien serves as an official notice that you owe a creditor for unpaid property. If you do not pay, the…
Banking
With interest rates easing and inflation cooling, small businesses are getting a much-needed break. A change to the Small Business Administration’s (SBA) refinancing…
Credit Cards
Key takeaways Actively using a credit card responsibly can help improve your credit score over time. Using your credit card like a debit…
All News
10’000 Hours/Getty Images Adjusted gross income, or AGI, is your total gross income (before taxes) minus certain tax deductions, known as adjustments. Gross income includes wages, dividends, interest, government benefits, retirement distributions, capital gains and more. To calculate adjusted gross income, you subtract from gross income any above-the-line deductions, or…
Key takeaways Many term life policies let you switch to permanent coverage, like whole life or universal life, without undergoing a medical exam. Your conversion window won’t stay open forever, so grab your policy or call your insurer to check the details and deadlines before it’s too late. Some policies…
Key takeaways Both the Capital One Savor Student Cash Rewards Credit Cards and Discover it® Student Cash Back are good options for students who want to build credit and earn rewards. The Capital One Savor Student Cash Rewards Credit Card is great for those who spend more on groceries and…
Key Takeaways The Wells Fargo Active Cash® Card offers unlimited 2 percent cash rewards on purchases, making it one of the best flat-rate cards available. This card also features an easy-to-earn welcome bonus, a cellphone protection benefit and introductory APR offers on both purchases and qualifying balance transfers. …
Key takeaways Cruises can be easy to budget and plan for since most of the costs involved are fixed, meaning you know what you’re paying upfront. Not only do cruises include your lodging and transportation in the cruise fare, but you get unlimited meals and snacks as well. Credit card…
Key takeaways The Chase Freedom Flex® is best suited for those who want to earn boosted rewards on rotating categories without paying an annual fee. Along with a solid welcome offer, the Chase Freedom Flex also comes with an intro APR offer on both purchases and…
Saving for your grandchildren can help to minimize the financial burdens they may encounter as they mature. Whether it’s paying for college, buying a first home or providing a safety net in an uncertain job market, these funds can make a significant difference. Here are the best ways to build…
Key takeaways The United States maintains a unique credit scoring framework. Other countries use different scoring systems, so you need to start fresh if you move internationally. The financial habits that help you build good credit in the U.S. can serve you well anywhere you go. In the United States,…
Key takeaways Credit repair courses teach important skills such as how to access and read credit reports, identify errors and file disputes. A credit repair class is not a quick fix and doesn’t guarantee success, especially if the negative marks on your credit report are accurate. Before choosing a credit…
Oleksandra Yagello/Getty Images Cred.ai is a credit-building service that describes itself as a “high-tech and premium card spending experience.” Its main product is the Unicorn Card, which it says is a “life-changing debit card replacement” that will help you build credit automatically. If you want to build or establish credit…
Editor's Pick
