Private Mortgage Insurance protects the lender in case of default of the homeowner to pay the mortgage. It is generally required for mortgages with less than a 20% down payment.
An employee stock purchase plan (ESPP) is a plan that allows a company to compensate a broad group of employees with options to buy the company’s stock at a specified price, usually at a discount. Many large companies use these plans as an employment incentive, giving employees an opportunity to share in the growth potential of the company’s stock. Generally, the employee is not taxed at the time the stock is purchased.
You haven’t received cancelled checks with your monthly bank statement since 2004, so how do you prove an expense to the IRS?
With the average cost of a higher education increasing, families often find that they need assistance to pay for their children’s education. If a student does not qualify for scholarships or grants, the next source for funds is an education loan. Currently, over 50% of financial aid comes in the form of loans.