MyUSADebt Learning Center

Tax Deduction on Sales Tax

Scott Sumerford — Mon, 03 Dec 2007 23:00:59 +0000

This year, you can benefit from doing your own taxes and save some money. The Internal Revenue Service announced it is extending the provision of the 2004 American Jobs Creation Bill through 2007. The Act gives individual taxpayers, who itemize deductions when they file their taxes, the ability to deduct their state and local sales tax or income tax. If you live in one of the states that do not have income tax, you can still deduct your state sales tax.
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Beware of Fake Charities

Allison Roberts — Mon, 03 Dec 2007 19:43:19 +0000

During the holiday season many non-profit organizations make a fundraising push. They try to tap into the giving spirit most of us usually feel this time of year. A charitable donation does good things for your conscience, as well as your taxes, at the end of the year.
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Economic Adviser Resigns

Scott Sumerford — Fri, 30 Nov 2007 19:29:57 +0000

Allan Hubbard, the director of the National Economic Council (NEC), resigned Wednesday. Hubbard leaves the White House at a tenuous time for the economy. His replacement, Hubbard’s deputy, Keith Hennessey will face the troubles in the housing industry and slowing economic growth.
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Online Holiday Shopping Risks

Brian Williams — Fri, 30 Nov 2007 16:49:34 +0000

The Internet changed the way we shop. We can purchase almost anything with the click of a mouse. All we need is a credit card. However, if you are not disciplined in your online holiday shopping, credit woes will await you in the new year.
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Evaluate Spending With Your College Student

Allison Roberts — Thu, 29 Nov 2007 20:56:21 +0000

When most of us think about the holidays, we think of family time together, shopping, decorating and preparing for an out-of-town trip. While these are all holiday considerations, if you’re a college student, or if you’re the parent of a college student, it is also a great time of year to take control of your finances.
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More Bankruptcy Changes Proposed

Brian Williams — Thu, 29 Nov 2007 19:28:31 +0000

Two years after a major overhaul to U.S. bankruptcy law, three senators are offering plans to help debt-ridden homeowners who are considering filing for bankruptcy.
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6 Affordable Holiday Gifts

Allison Roberts — Wed, 28 Nov 2007 21:03:43 +0000

With the holidays looming on the horizon, frugal shoppers everywhere are searching for creative yet affordable gifts for friends and family.
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Avoid A Holiday Debt Hangover

Scott Sumerford — Wed, 28 Nov 2007 18:27:31 +0000

The holiday season is a special time of year. Families come together, friends reunite, children play in the snow, and gifts are given. Unfortunately, the byproduct of holiday gift giving is, oftentimes, credit card debt. For some people, it is hard to enjoy the festivities on Christmas morning when they know a large credit card bill will arrive in the mailbox come January.
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Debt Relief In A Divorce

Brian Williams — Wed, 28 Nov 2007 18:11:23 +0000

Oppressive debt only adds to the emotional strife in a divorce. Spouses have to figure out how to divvy up assets but also decide who is responsible for certain debts. Debt settlement and debt consolidation can help smooth the transition from married life to single life.
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Managing Credit Card Debt Is An Everyday Practice

Brian Williams — Tue, 27 Nov 2007 22:33:51 +0000

Debt management for credit cards should be a daily habit like brushing your teeth and taking a shower. It is important to stay on top of your credit card debt for various reasons.
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