Tag: Personal Finance

Posted on 08/23/2020

Step-Up Basis and How It Can Pertain to Real Estate

Image by Steve Buissinne from Pixabay Suppose you’ve inherited your parents’ longtime home. Suppose they paid $100,000 for it, and it’s now worth $300,000. Had they sold it while it was in their possession, they would have avoided paying capital gains tax due to the Taxpayer Relief Act of 1997. Now that it’s yours, has that tax avoidance...

Real Estate Taxes

Personal Finance

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Posted on 05/12/2019

Things to Understand When Dealing with a Debt Collector

Debt collection calls can be frustrating and a headache. It is quite disappointing to know that you have outstanding debts and the debt collector is offering very stringent conditions in terms of payment options. If you're familiar with the behaviors of debt collectors, then you know they issue threats, use offensive language, and come up with various tactics...

Credit Card Debt

Personal Finance

Posted on 03/31/2019

Home Equity Explained

Buying your first home is a big decision; one that involves a lengthy process of saving money, building credit, and planning the next phase of your life. However, owning a home comes with one major payoff: home equity.Simply put, home equity is the amount of your home that you’ve paid off. However, it does get more complicated when we...

Home Equity

Buying A Home

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