by Attiyya | Mar 22, 2015 | Taxes
The Earned Income Tax Credit (EITC or EIC) is a monetary benefit given to certain lower-income, working taxpayers when filing their tax return. Some military senior enlisted and officers – who wouldn’t qualify for this refundable tax credit under normal...
by Attiyya | Feb 20, 2015 | Financial Counseling
Several years ago, I received a call from “Bank of America” asking me to update my account information. Thinking nothing of it, I entered my social security number, account number and address using the link provided. The next day, $500 was taken out of my account!...
by Attiyya | Jan 23, 2015 | Taxes
By now, most service members and veterans are aware of these VA-guaranteed home loan benefits. No down payment required No mortgage insurance (PMI) required No prepayment penalty However, many are forgetting the added benefit of including these two itemized tax...
by Attiyya | Jan 13, 2015 | Taxes
W-2: Reports your earned income if you worked for an employer 1098: Reports mortgage interest and points you paid 1098-E: Reports student loan interest you paid 1098-T: Reports payments you made for qualified tuition and expenses 1099-MISC/1099-NEC: Reports...
by Attiyya | Dec 29, 2014 | Financial Counseling
Imagine someone approaches you and wants to write you a check to pay this month’s electric bill, fully fund your emergency savings, or pay off your mortgage. Do you know your numbers well enough to tell them the dollar amount you need on the spot? In 2009, my husband...
