katedore
Kate Dore
katedore
Personal finance writer. Candidate for CFP® Certification.
Sep 15
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Great point for all types of 1099 income! I’ve had clients send me incorrect 1099 forms for my writing income, too.

Sep 15
4

Great question! If you haven’t sold the stock, or “realized” the gain, there hasn’t been a taxable event yet. The exception is when you receive a dividend from a company, which is taxable.

Aug 25
2

Yes, sadly most people don’t itemize anymore because of high standard deductions—which makes the mortgage interest deduction less useful. Luckily, the student loan interest deduction is an adjustment to your income. You can take it whether you itemize deductions or not: https://www.irs.gov/taxtopics/tc456

Aug 19
1

Here’s what the IRS says (Q27) about payments for children born, adopted or placed into foster care in 2020:

The Payment in 2020 will not include an additional amount for these children because the Payment in 2020 is based only on information from your 2019 or 2018 tax return. You may claim the child next year for an Read more

Aug 17
2

Wow, thank you so much for the kind words and encouragement! :)

Aug 11
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Yes, unfortunately, the CARES Act only covered government-held federal student loans. Commercially-issued FFEL-program loans, Perkins loans, and private student loans weren’t included. This latest executive order is an extension of the CARES Act—not an expansion—so we can’t assume these other types of loans will be Read more

Jul 26
6

Have you received first payment? If you qualify this time, you should get the second one automatically—assuming your address or banking details haven’t changed since the spring.

Jul 24
1

I agree the 1% rule feels counterintuitive. If you’re able to achieve 0% every month and stay on-time with all your payments, your score is probably already in the good to excellent range. 

Jul 17
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This is a good point. There is no guarantee a new company will offer the same white glove service. But if you decide to explore other options, you can check for claims process complaints in these places:

- Your state insurance commissioner’s website
- Better Business Bureau
- Google Reviews
- ConsumerAffairs   

Jul 16
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It’s tough to make a suggestion without knowing more—but if your job is stable and your credit is strong, it may be worth looking into. It doesn’t hurt to shop around and what rates you may qualify for.

Jul 16
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I haven’t seen this addressed but you should have the option to opt-out if you prefer. Talk with your 401(k) plan administrator before leaving the job to learn more.

Jul 15
3

It depends on what your old plans offer. How do you feel about the investment options? How high are the fees? Most people don’t realize how much they are paying. As @kernkernkern mentions, rolling the money into to a self-directed IRA may provide you with more options.