The Deduction That Could Increase Your Risk Of An IRS Audit
Claiming this tax deduction is one of those notorious red flags that gets a second look from the IRS, so be sure you understand the rules before taking it.
Read MoreThe unique content on Money Digest is a result of skilled collaboration between writers and editors with a broad array of expertise in everything from monetary history to banking to personal finance. Our goal is to provide accurate and diverse content bolstered by expert input.
Focused on accuracy and ethical coverage, the Money Digest editorial team consistently fact-checks and reviews site content to provide readers with an informative, entertaining, and engaging experience. Click here for more information on our editorial process.
Claiming this tax deduction is one of those notorious red flags that gets a second look from the IRS, so be sure you understand the rules before taking it.
Read MoreEverywhere you look, it seems like scams and fraud are running rampant. With that said, certain scam types can lead to higher financial losses than others.
Read MoreMost taxpayers aim to avoid an IRS audit at all costs, but certain seemingly normal claims could end up triggering an audit despite your best intentions.
Read MoreFood is more expensive at the airport, from sit-down restaurants to grab-and-go snacks. But, it's not greed; there are logistical reasons for the price hike.
Read MoreThese credit card habits of the wealthy can shine a light on proper usage of credit cards, whether you're after travel reward points or cash back.
Read MoreFrom credit card applications to home mortgages, credit scores have a significant impact on your financial life, so knowing where you stand can be important.
Read MoreRockstars like Michael Jackson were famously in heavy debt at the time of their death, but others have like Dee Snyder dug out of the hole.
Read MoreYou might be surprised to learn that even the most American of brands is not safe from the wheeling and dealing of corporate interests, or being owned by China.
Read MoreDespite the fact that McDonald's is a global phenomenon, the company has been known to make missteps -- sometimes to the tune of millions of dollars.
Read MoreWhile saving money during the shopping experience can be vitally important to maintaining your budget, return policies can be equally as important.
Read MoreWhile Rolex watches are typically seen as a status symbol denoting class and, in particular, wealth, you might be surprised to learn how much owners make.
Read MoreSome investments can, and should, be prioritized during certain periods of a person's life. Case in point, Barbara Corcoran suggests this splurge.
Read MoreAs tempting as it can be to rely on minimum payments for your monthly credit card balances, you might be doing yourself more harm than good.
Read MoreWhile refinancing can be a hassle that includes additional fees, recasting your mortgage loan instead could give you lower monthly payments.
Read MoreMoving can be stressful enough as it is without worrying about the logistics and costs of packing up your belongings. Consider leaving some things behind.
Read MoreReceiving an inheritance from a deceased loved one can be a life-changing boon, but there is often a significant amount of legwork required to optimize.
Read MoreWhen it comes to retirement savings, it can be difficult to know if you have saved enough, let alone know if you are a top net worth individual.
Read MoreLeaving the workforce often comes with a reduction in the general need for physical belongings -- and this can be a boon for your wallet.
Read MoreA long-standing myth surrounding Social Security contributions is that members of Congress do not pay FICA taxes, however the reality is a bit different.
Read MoreOpting for this add-on to your lottery ticket, if available where you live, can increase your odds of winning a prize with your purchase.
Read MoreIf you're someone who has great credit but has still been denied for a new credit card, you may be surprised to learn what factors went into the decision.
Read MoreThe wealthiest and most successful investors tend to share traits like a long-term mindset, general frugality in daily spending, and more.
Read MoreDespite having the wealth that generally serves as a barrier for most would-be buyers, many millionaires are choosing to rent their homes instead.
Read MoreRenovating your home is generally a good thing for its value, but there are some upgrades that aren't worth the investment, especially if you're selling.
Read MoreIf you have finally achieved your goal of entering the upper class, then making sure to avoid mistakes that can negatively impact your investments is key.
Read MoreWhether you're a dedicated Target super-fan, or simply a casual shopper, learning some tricks and tips to save money can be a shopping gamechanger.
Read MoreWhile you might be familiar with the idea of trading in your car on a new one, some dealerships will allow you to trade multiple cars in for a better deal.
Read More