7 Requirements to claim child credit in taxes

The child tax credit (CTC or Child Tax Credit) has some requirements that you should know if you have small children or dependents. It is very convenient, here we show you the requirements. For tax year 2019, this credit reduces the amount of federal income taxes by up to $2,000 for each child. Now, in …

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How to withdraw money from the 401K?

Assuming an ideal situation, no one would need to withdraw their 401K money before using it during retirement. However, the reality for most people is different, and in many cases we will need to know how to withdraw money from 401K. With a comfortable financial situation, you could make a change to an Individual Retirement …

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What is the CARES Act

The CARES Act (Coronavirus Aid, Relief, and Economic Security) It was approved by the United States Congress and President Donald Trump on March 27, 2020. This law approves a stimulus worth 2 billion dollars to mitigate the impact of the economic recession caused by the Coronavirus (COVID-19). Read on to find out how you can …

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What to do if you have lost a check?

If you write a check and it is lost or stolen, you will need to act quickly to protect your finances. Although there are some exceptions, it’s usually best to report it to your bank immediately and stop the payment if it hasn’t been collected yet. But don’t worry, we’ll tell you exactly what to …

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Creditos blandos y creditos duros: qué son

Un buen historial y puntaje de crédito es fundamental en Estados Unidos. Conoce en qué situaciones te solicitarán una verificación de crédito blando y duro. Aunque pueda parecer extraño, es un buen ejercicio mental imaginar tu puntuación de crédito como un pastel que, a fin de cuentas, representa tu bienestar financiero.  Ahora bien, este pastel …

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How do Capital One Venture Card points work?

If you’re a Capital One® Venture® Rewards credit cardholder, or have heard of it, you probably know that you can maximize Capital One Venture miles when you transfer them at a ratio of 2:1.5 (or 2:1 in some cases). ) and then redeem them for rewards from loyalty programs like Aeroplan. Here we will explain …

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How to fill out Form 1096

The 1096 is an exceptional tax form that summarizes what is contained in Forms 1097, 1098, 1099, 3921, 3922, 5498 or W-2G that you have sent to different recipients during the fiscal year to be declared. However, it should only be completed whenever your company files its taxes physically, that is, in paper format. Learn …

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What is an absolute return mutual fund?

The financial system is as dynamic as the multicultural world because it implements various investment and savings alternatives, such as savings account, certificates of deposit and absolute return mutual funds. But, What is an absolute return mutual fund? Also known as mutual fund, mutual fund or absolute return mutual fund, it is an investment instrument …

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¿Cómo reemplazar la tarjeta de débito de Bank of America?

¿Alguna vez te has preguntado cómo reportar la tarjeta perdida de Bank of America o simplemente qué sucede cuando expira la tarjeta? Por lo general, cuando expira la tarjeta, los bancos y cooperativas de crédito envían una tarjeta de débito o crédito de reemplazo mucho antes de su fecha de vencimiento. No obstante, no siempre …

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