Health Savings Accounts (HSAs) are available to people who have high deductible health insurance plans. For 2023, the IRS says HSA qualified high deductible plans must have a minimum deductible of $1,500 for an individual plan and $3,000 for ... READ MORE
Category: Money Matters, Work & Life
The persistent falsehood – leave a small balance on your credit card every billing cycle to build a credit score – has no basis in fact. The truth - if you leave a balance on your credit card - you accrue interest on both existing and new ... READ MORE
Category: Money Matters
University of Florida/IFAS Extension Hillsborough County offers the online class Building Financial Stability. This is an opportunity to learn basic strategies to achieve financial stability. Topics covered: Goals, Spending, & Saving ... READ MORE
Category: Money Matters, Work & Life
Until recently, the three major credit bureaus – Equifax, Experian & TransUnion- tracked and treated medical debt collection very similar to other types of collections. If a consumer does not pay a debt, the creditor can sell the unpaid ... READ MORE
Category: Money Matters
Estate planning sounds like something for the wealthy. The truth, adults of all income levels need an estate plan. An estate plan enables your wishes to be carried out on issues such health care, transfer of assets, and care for dependents. ... READ MORE
Category: Money Matters, Work & Life
Hillsborough County Extension is offering a link to free tax software to residents whose adjusted gross income doesn’t exceed $73,000. Adjusted gross income doesn’t include things like tax deductible contributions to retirement plans or ... READ MORE
Category: Money Matters
If you do not pay a debt, a debt collector can take you to court and sue for repayment. However, for some types of debts, there is a time limit on how many years a debt collector can sue to collect. This is called a statute of limitations and ... READ MORE
Category: Money Matters, Work & Life
Many parents have the conceived notion that the holidays require a whole lot of spending, but is this really true? When is comes to shopping for gifts for your children, consider the following: Purchase toys that are less expensive or used ... READ MORE
Category: Money Matters, Relationships & Family, Work & LifeThe Tax Cuts and Jobs Act (TCJA) of 2017 included a significant increase in the standard deduction. Individual tax filers can choose to reduce their taxable income by either taking the standard deduction or itemizing deductions. As a result ... READ MORE
Category: Money Matters
Fair Isaac Corporation developed FICO® Score models to rate a consumer’s credit history. Since 1989, the company has developed many different scoring models to sell to lenders and consumers. A pie chart is often used to explain factors ... READ MORE
Category: Money Matters