Finance Karma
Home Equity Loan Vs. Line of Credit
Finance KarmaDec 21, 2016
A homeowner can use the built up home equity to avail a home equity loan or a home equity line of credit. The built up home equity, which is the difference between the...
Second Mortgage Vs. Home Equity Loan
Finance KarmaDec 21, 2016
A primary mortgage lender advances money to a borrower, who uses the funds to finance the purchase of a home. A mortgage is a secured loan, since the home acts as a...
Pros and Cons of Home Equity Loans
Finance KarmaDec 21, 2016
Home equity loans are borrowed to serve many purposes. Businessmen use the borrowed money to expand their businesses. Parents may opt for these loans to finance their...
Home Equity Loan Tips
Finance KarmaDec 21, 2016
Buying a home is a huge investment that is generally financed by a first mortgage. The need for a second mortgage generally arises when one is forced to spend on repairs...
Home Equity Loan Tips and Advice
Finance KarmaDec 21, 2016
So college is done and a new job is on the horizon, but there are student loans to pay off and your home needs a major overhaul. The wedding put a major dent in your...
The Laffer Curve and Taxation in the United States
Finance KarmaDec 21, 2016
The Laffer Curve, made popular in the 1980s as one of the premises behind supply-side economics and espoused by proponents of government tax cuts, has a long and...
Is Disability Income Taxable?
Finance KarmaDec 21, 2016
Publication 907 by the Internal Revenue Service (IRS) explicitly states that income from any benefit received in the form of disability insurance compensation becomes...
How to Get a Federal Tax ID Number
Finance KarmaDec 21, 2016
A federal tax identification number is also known as the Employer Identification Number (EIN). All the employers need to have it in order to be tracked by the government...
Check Out This Notable Information to Know How Bonuses are Taxed
Finance KarmaDec 21, 2016
Bonus amounts granted to employees are taxed, as the IRS considers it to be a part of the income. Facts About Bonus Payments Bonus payments are made by employers to...
Information about Claiming a Child on Tax Return
Finance KarmaDec 21, 2016
Having kids can reduce some amount of tax one pays to the government. Such a tax is known as ‘Child Tax Credit’. It is one of the many ways of availing...
