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Federal Tax vs. State Tax: Definitions and Examples

Federal Tax vs. State Tax: Definitions and Examples

Taxes—

Most people see taxes come out of their paycheck without thinking much about where the money goes. Federal taxes follow one set of rules no matter where you live, but state taxes vary widely depending on your location. Some states have no income tax at all while others take a significant cut. These…

How Paying Off Your Mortgage Early Can Affect Your Taxes

How Paying Off Your Mortgage Early Can Affect Your Taxes

Taxes—

Paying off your mortgage early saves you money on interest but it can also change your tax situation. Once the mortgage is gone you lose the mortgage interest deduction, which may reduce the total amount you can itemize on your tax return. That could mean a higher taxable income than you expected…

Taco Bell’s New Dessert Taco Has Churro-Flavored Ice Cream

Taco Bell’s New Dessert Taco Has Churro-Flavored Ice Cream

Saving—

The menu at Taco Bell just got a lot cooler because the ice cream taco is back, but only for a limited time. Ice cream tacos have been a hit for the Mexican-inspired fast-food chain and Portland, Oregon-founded ice cream company Salt & Straw. Last year, they teamed up on the Tacolate, a waffle cone