Personal Finance & Money Weekly Newsletter - Thursday, March 31, 2016

Personal Finance & Money newsletter

Top new questions this week: Why is being "upside down" on a mortgage so bad? For the longest time (especially during/after the housing crash in the US), people would speak in hushed whispers or terrified pleas when they talked about being upside down on their mortgage. While I ... mortgage loans underwater-mortgage   asked by WannabeCoder 67 votes answered by farnsy 68 votes Is there any way to buy a new car directly from Toyota without going through a dealership? I'm so tired of haggling with the dealers at a local Toyota dealership. They are not only pressing, but also aggressive, condescending and mean. I want to cut the middleman. I know exactly what I ... car   asked by Melinda 55 votes answered by quid 46 votes Should I keep the hail damage insurance payout for my car I'm not sure if this is the right place to ask this. I'm in the US. I just got hail damage on my 2014 Toyota Corolla. As far as I can tell, it's all cosmetic. No damage to the windows, but a lot of ... united-states car-insurance   asked by greenland 8 votes answered by Doyle Lewis 8 votes If the IRS asks for a proof for a medical expenditure, can we provide a scan, or do we have to provide the original receipts? In the United States, one can deduct part of the expenses a taxpayer paid for medical and dental care for themselves, their spouse, and their dependents. In case the IRS asks for a proof, are scans of ... united-states tax-deduction irs   asked by Franck Dernoncourt 6 votes answered by mhoran_psprep 4 votes How does a reverse mortgage affect the owner's children, after death? Note: Questions are bolded for clarity. So the history is that my Dad just passed away recently, and I've had to do some research on how a reverse mortgage is going to affect things. So I understand ... united-states death reverse-mortgages   asked by dakre18 5 votes answered by Peter K. 3 votes Long Name Issues. Truncated on W2-C Form and SSN. How will it impact my Taxes and what should I know. (Full Issue in Description) This is my first time filing taxes in US. I have a long name on my Indian Passport. But here in USA, it cannot fit in properly on SSN (my last name misses a space between two words, making it appear ... united-states income-tax   asked by Sivarama Krishnan 5 votes answered by littleadv 4 votes Student loan repayment plan I recently graduated with a PhD in mathematics and its time for me to pay back my student loans. Being a mathematician, I sat down and did the math. I realized two things: There is no feasible ... loans student-loan   asked by Daniel Grady 5 votes answered by Joe 2 votes Greatest hits from previous weeks: What can I do to passively generate income? I work 3 jobs totaling at 52 hours weekly. I don't have anything of value that I can sell for money. I put $10 into penny stocks a few weeks ago, but they don't gain much. I'm 25, and my savings is ... stock-exchanges income passive-income   asked by Hikari 31 votes answered by Ben Miller 51 votes $65000/year or $2500 every two weeks: If I claim 3 exemptions instead of zero, how much would my take home pay be? I live in Pennsylvania. They take out about $750 per paycheck as of right now. I recently changed the allowances that I had from 0 to 3. It had no effect whatsoever on my take home pay. And I had ... united-states income-tax pennsylvania withholding   asked by DmainEvent 4 votes answered by KeithS 16 votes Can you answer these? Initial investment in sole proprietorship I've sole proprietorship business in Ontario. So far I've been doing web site and custom software development. Then I open up an account for stock trading under same business name. And put some ... stocks income-tax canada ontario sole-proprietorship   asked by gmail user 1 vote Futures margin and physical delivery If I am long a future and opt to take physical delivery, do I need to pay only the difference between the futures price and total margin posted? E.g. If I buy a long contract worth 50000, and by ... futures   asked by user1506885 1 vote Amending a Tax Return A certain couple has filed their 2015 tax return and then they got a corrected 1099. The only thing that got changed was the amount of tax free interest they received. Since they are currently on ... united-states income-tax investing municipal-bonds   asked by Bob 3 votes

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