February 19th, 2020

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Tax Changes and Key Amounts for the 2020 Tax Year
Although you’re probably focused on filing your 2019 tax return right now, it’s never too early to start thinking about next year’s return. Proper tax planning requires an awareness of what’s new and changed from last year …
Kiplinger

Why a Big Tax Refund Isn’t as Awesome as You Think
Last year was the first year we implemented the Tax Cuts and Jobs Act into our tax prep, and a lot of people were surprised to learn …
Lifehacker
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Millions of Americans are missing out on Earned Income Tax Credit
Who wouldn’t want an extra $300 or even $3,000 in tax refund cash? But oddly enough, millions of Americans miss out on this deal each …
USA Today

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Smart Money Moves I Made When I Got My First ‘Real’ Job
Last spring, I got my first-ever “big girl” job. It was a relief — I’d spent almost an entire year using my brand new journalism degree …
Money
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Are Personal Loans Considered Income?
Borrowers can use personal loans for all kinds of purposes, but can the Internal Revenue Service (IRS) treat loans like income …
Investopedia

Best Ways to Make Passive Income
Passive income is a bit of a misnomer because you do have to put in work to generate the money. It’s just more upfront, possibly …
Investor Junkie
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Keeping the House Post-Divorce Has Gotten More Affordable
Typically, financial advisers have recommended against keeping the marital home. In the past, it became too big of a financial burden …
Kiplinger

Homeowners take advantage of lower rates to refinance
Mortgage applications rose for the third week in a row as borrowers reacted to low mortgage rates. Refinancing saw a jump in activity …
Fox Business
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5 Money Mistakes Not To Make With Your Midlife Partner
If you’re remarried or living with a significant other at midlife, managing your money together may look different than when you …
Forbes

It’s time to check your 401(k) plan
With the stock market flirting with record highs — and 30,000 in view for the Dow Jones Industrial Average — this is a good opportunity …
USA Today
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Visa vs. MasterCard: What’s the Difference?
The electronic payments industry is dominated by four companies. Visa, MasterCard, American Express, and Discover are responsible …
Investopedia

Cartoon
“If you claim depreciation on the hat, I can save you a fortune on your taxes. Call me.”
Copyright © Randy Glasbergen
Trivia
What year was the first penny minted?
See the answer below.
Gas prices continue downward trend
The average price of regular-grade gasoline dropped 7 cents per gallon over the past two weeks. That puts …
Fox Business
What Year Was It?

Twain Publishes The Adventures of Huckleberry Finn

What Year

Mark Twain publishes his famous – and famously controversial – novel The Adventures of Huckleberry Finn.
The day was Feb 18. What year was it?

Quote of the Week
“Formal education will make you a living; self-education will make you a fortune.”
Jim Rohn
Trivia Answer
What year was the first penny minted?
Answer: 1787
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