What Is an Unrecaptured Section 1250 Gain?
Key Takeaways A higher unrecaptured Section 1250 tax rate applies to long-term capital gains for which a taxpayer has previously claimed depreciation. The IRC requires that claimed…
Alternatives to a Home Equity Loan
A home equity loan, or second mortgage, allows you to withdraw the equity you’ve built up in your home so you can use the cash to make…
Gas Prices Break New Record After Brief Reprieve
US gas prices reached a new record high Tuesday, erasing the modest relief seen in April. Higher oil prices and increasing demand for gas pushed the average…
What Is Bad Credit?
Key Takeaways A consumer with bad credit is considered a risky borrower, usually due to owing large amounts of money or having a history of unpaid bills…