Selling Your Home in a Divorce? What to Know About Taxes

For many divorcing couples, the family home is vacated and sold — either voluntarily or as a means to fairly divide marital assets between them. If you and your ex-spouse are among these, it's important to understand the tax implications of that home sale. Here are five of the most important things to know. 1. Most Profit Is Excludable. The good news is that many home sellers find that the profit on their home — the difference between their capital investment and what they netted upon sale — falls under the IRS exclusion amount and is non-taxable. [Read More]

Three Things You Should Never Do When Working With A Bail Bonds Agency

If you or a loved one have been arrested, a bail bonds agency can post bail to help you get out of jail. Many people who find themselves behind bars are first-timers, and as such, they may not fully understand how bail works and the dos and don'ts of working with a bail bonds agency. Here are three things that you should never do when you are working with a bail bonds agency. [Read More]

Mortgage Points—When To Buy And When To Skip Them

As you plan your mortgage loan, you'll encounter a number of different options—things like how much to borrow, various interest rates, private mortgage insurance, sizes of down payments, and term lengths. One choice you may be able to make is whether or not to buy points. What are mortgage points? When might they be a key to lower costs? And when might you choose other savings options? Here's what you need to know. [Read More]

Arrested For A DUI? 3 Things To Know About Getting Out On Bail

If you were arrested for a DUI, you don't have to sit in jail until your hearing. You may be able to get out of jail on bail. If you don't want to wait until your court date for your offense, which could be a way off, here is what you will need to do.   Consider Your Circumstances  First, you are going to need to consider your circumstances. If this is your first DUI arrest, and you otherwise have a clean record, you will probably be granted a lower bail amount. [Read More]