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Results tagged with united-states
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user 15235
For questions that relate to the laws, practices, and products of the United States.
4
votes
1
answer
2k
views
Amending Taxes To 'Cheat' Student Loan IBR Payments?
I can find a lot of resources that talk about the impact that different filing statuses have on student loans (example1, example2). My wife is pursuing a Public Service Loan Forgiveness, meaning the b …
- 116k
5
votes
1
answer
774
views
Married Filing Separately - Who Can Deduct Mortgage Interest
Wife and I are married, but filing separately due to excessive student loans that she has. Mortgage is in my name (due to excessive student loans that she has), but we are both on the title of the ho …
- 35.9k
1
vote
1
answer
1k
views
Contributed to a Roth IRA....But I'm Married Filing Separately
In 2015 my wife and I both contributed $5,500 (each) to a Roth IRA. We went to a bank, talked to an adviser and generally felt like we were doing the right thing. The website for managing the IRA ev …
- 57.2k
6
votes
1
answer
221
views
Is it possible to deduct mortgage interest if you aren't named on the mortgage?
In the US, if I obtain a mortgage in my name, can my wife (who contributes to the downpayment/mortgage payment) claim the interest deduction on her taxes?
A lot of sources I'm finding online say 'N …
- 184k
2
votes
1
answer
405
views
Does The (US) 'First Time Home Buyer's Credit' Still Exist?
I was told by a realtor, in the state of Illinois, today that there is currently a program that will provide '$7,500 in assistance for someone who has not owned a house in the past 3 years'. I tried …
- 184k
33
votes
10
answers
11k
views
Is it possible to make money by getting a mortgage?
I met with a financial advisor for the first time yesterday (trying to get my things in order for retirement). During our meeting he told me a story that sounded pretty impressive, but the more I thi …
CommunityBot
- 1
40
votes
4
answers
6k
views
Justification for aggressive investment strategy when young?
I've frequently heard that the conventional wisdom is to be invested in an 'aggressive' investment strategy when young, and as you approach retirement age, migrate to a more conservative strategy. Gi …
- 1,335
2
votes
1
answer
247
views
How to calculate outstanding Graduate Plus Loan balance currently in deferment?
Can someone tell me what I'm doing wrong here?
If I have a $56,500 loan and the interest rate is 7.9% how much will I
owe after 8 months?
I thought this would be fairly simple. I would compou …
- 113