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How to read a W-2 earnings summary
For many people, getting their W-2s in late January or early February is the first step toward doing their taxes. A W-2 earnings statement from an employer is a key document for completing your taxes....
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The true cost of owning a car
Understanding all the costs associated with owning a car can help you figure out what you can really afford. Car shopping can be exciting. That new car smell, those shiny dials and the special...
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Voluntary repossession: What you need to know
When you can no longer afford your car payments, voluntary repossession may seem like the best way to get your car loan off your hands. But returning your car to your lender could have serious...
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What is a principal-only payment?
Imagine being able to pay off a loan faster than the set term. It may seem like a dream, but it can be possible if you can make — and your lender accepts — principal-only payments. Principal-only...
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Sales tax: What to know about the tax you probably pay every day
You may think $50 is a great deal for that sweater you fell in love with, but when you go to check out, that’s not necessarily the price you’ll pay. Thanks to sales tax, that sweater may cost more...
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What’s the ‘nanny tax,’ and do I have to pay it?
The “nanny tax” may sound like the title of a mediocre sitcom, but the household employer’s tax is no laughing matter. If you employ someone to regularly care for your children in your home you should...
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How can I find an IRS office near me?
Dealing with a tax issue? It’s possible to get in-person help from the IRS when you make an appointment at a local Taxpayer Assistance Center. The Internal Revenue Service recognizes that taxpayers...
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Ally Bank auto loan review: A wide range of options
Pros Cons Multiple loan options Can’t get financing directly; must apply through a participating dealership Specialty-vehicle financing on some loans No funding for vehicles older than 10 years Online...
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States with no income tax: Things to know
Paying taxes is a part of life for most Americans. And while everyone is subject to the same IRS tax laws when they file their federal tax return annually, they don’t necessarily pay the same state...
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Money market vs. CD: Which is better for your savings goals?
If you’re looking for ways to save that will grow your money more quickly than a traditional savings account, it may be worth comparing a couple of common options: money market vs. CD. It’s important...
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What is the additional child tax credit?
Kids are expensive, and Uncle Sam knows that as well as any parent does. That’s why the federal government offers tax breaks for filers who have children — and one of them is the additional child tax...
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How to track your California tax refund
Living in the Golden State probably feels a bit more golden when you get a state tax refund. Fortunately, it’s easy to track your California tax refund. With some basic information, you can track your...
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Saying ‘I don’t’ to debt: How to save money for a wedding without breaking...
Are you more worried about committing to wedding debt than to your future mother-in-law? If you’re stressing over how to save money for your wedding day, you’re in good company. The average American...
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What is the adoption tax credit and how much is it worth?
If you’ve considered adopting a child, you’ve probably thought about whether you’re ready to open your heart and home to a new family member. But you’ll also need to open your wallet, and depending on...
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Is truly no-fee banking possible?
You’re more likely to find a bank that will waive fees for certain account types than to find a bank that offers true no-fee banking. You hear your local bank is offering free checking and you’re...
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What is gross income, and what does it mean for tax purposes?
This article was fact-checked by our editors and reviewed by Troy Grimes, tax product specialist with Credit Karma Tax®. Keeping track of how much tax you might owe when Tax Day comes around — or how...
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Guide to filing for Ohio unemployment benefits
In the three weeks ending April 4, 2020 alone, Ohio unemployment claims were nearly double the total number of claims filed in all of 2019. If you’ve lost your job because of the coronavirus pandemic,...
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The true cost of owning a car
Understanding all the costs associated with owning a car can help you figure out what you can really afford. In addition to your monthly car payment, you’ll likely be shelling out for ongoing costs...
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