Finance Questions

Posts Tagged ‘household finance credit card’

Question: can I claim my finance as my dependent if he is out of work ?

My finance is currently out of work ,Can I file as head of household and claim my fiance as dependent on my tax return ?

Answer: You can claim him if he earned less than $3300, and he lived with you for entire year of 2006. However, you would not be able to get the earned income credit for him, because he wouldn't be considered a qualifying child nor a qualifying relative. You would only get him as an exemption, which will be $3300 as an adjustment to your gross income.

Finance: Investing & Saving : How a Household Budget Works

Question: NEW STAY-AT-HOME-MOMS: Are you finding that you now have time to manage your household finances / accounts?

For example, since I no longer work full-time, I now handle all the bill-paying and have had time to set up our life insurance / will / trust (something we didn't need before having a baby), check quotes to improve our insurance on other items, redo our investments and move around checking / savings accounts as well as get credit-cards where we get a better interest rate or cash-back reward program.

Answer: Being home during the day sure makes doing these things easier although you are going much further than I ever did. But yes, by default I became the person to handle the family business when I began staying at home.

Steve Keen on household debt and interest rates