HOA fees are not tax deductible for personal residences under U.S. tax law, but they are deductible when the property is used for rental income or business purposes.

Despite what you may have heard, wages are not really going up. They have been dropping since March 2021. In fact, this is the twelfth consecutive month real average hourly earnings have decreased; the last increase was back in March 2021.

Credit card debt dropped briefly during 2020 and 2021. However, with stimulus money drying up and interest rates and inflation increasing, more households are turning to credit card debt. Credit card debt increased by $23.4 billion in March. This comes on the back of a rise of consumer debt of $41.9 billion in February to a total of nearly $4.5 trillion.

Housing affordability is as bad as it has been since 2008, according the National Association of Realtors’ Housing Affordability Index (HAI). Unfortunately, it’s only the beginning.

The average U.S. household will spend an additional $5,200 this year to buy the same goods and services purchased last year due to the effects of the inflation tax. This “inflation tax” hits low- and middle-income families the hardest because they often don’t have the sophistication or liquidity to invest in hedges against inflation.

Mortgage insurance typically costs between 0.25% and 2% of your mortgage amount per year. You can save thousands of dollars if you learn how to get rid of mortgage insurance. There are four ways you can get rid of mortgage insurance, three involve waiting and the fourth you might be able to do today.

Most people (seven out of ten, to be precise) have financial resolutions for 2022, but only a few of us will do something to achieve our goals. If you are looking to achieve your financial resolutions this year, here are the three most popular financial resolutions of 2022 (and one resolution that might just help you achieve them all).

Knowing how to read charts is a valuable skill for traders. However, all the jargon can be intimidating. That’s why we created a comprehensive guide on how to read and understand charts that boils down all the technicalities in an easy-to-follow format.

It is easy to get overwhelmed when shopping for student loans. There are many factors to consider, such as interest rates, fees, and terms. So, finding the best deal available can be challenging, particularly if you are interested in nontraditional education programs, such as coding bootcamps.