How Long Should You Keep Tax Records?

You should keep your tax documents at least until the Statute of Limitations runs out. The Statute of Limitations is the period of time during which the taxing authority can audit and assess taxes on a taxpayer. IRS – three years from (1) the due date of the return OR...

Marketplace Insurance Reconciliation Video

Did you receive health insurance through the Marketplace? If you received an Advance Premium Tax Credit to offset the monthly insurance premium, watch this short video to learn how the advance credit is reconciled on your tax return to determine whether you are...

Student Loan Deferment

What is student loan deferment? With deferment, you can temporarily stop making payments. However, you likely won’t be making progress toward forgiveness or paying back your loan. Because loan interest can accrue (build up) while your loan is in deferment or...

What is Amortization and why is it important?

Amortization on loans is a financial concept that involves the systematic repayment of debt over a designated period of time through regular installments. These payments typically encompass both the interest accrued on the outstanding balance and a portion of the...