Finance

Do You Get a Tax Credit for Buying a Hybrid Car in 2025
Hybrid cars are becoming increasingly popular because of their fuel efficiency and lower environmental impact. To encourage eco-friendly purchases, governments offer tax credits as financial incentives for buying hybrid or electric vehicles. These credits can significantly reduce the overall cost of purchasing a hybrid car, making it an environmentally responsible choice for consumers.  This article …
Building or improving your credit score can often feel like navigating a maze of complicated terms and requirements. However, Chime has designed a simple and effective solution to help you establish or rebuild your credit: the Chime Credit Builder Secured Visa® Credit Card.  In this comprehensive guide, we’ll explore everything you need to know about …
State income taxes are levied on individual earnings and are a critical funding source for public services such as education, healthcare, and infrastructure. These taxes vary significantly across states, ranging from no-state income tax to some of the highest rates in the country. For residents, understanding state income taxes is essential for effective financial planning, …

More in Finance

Roth IRA Early Withdrawal Penalty: Rules, Exceptions, & Tips
A Roth IRA is a retirement savings account funded with after-tax contributions that offers unique tax benefits. Unlike traditional IRAs, the growth and qualified withdrawals from a Roth IRA are tax-free, making it a powerful tool for long-term financial planning. Key features include the ability to contribute even after retirement age and the fact that …
How Do You Transfer Money from Chime to Cash App
Chime is a leading online financial services company offering free checking and savings accounts. Its flexibility and ease of use have made it a popular choice for many, especially for transferring money to peer-to-peer (P2P) payment platforms like Cash App.  Whether you’re sending money to yourself or someone else, there are multiple ways to transfer …
Is Workers’ Comp Taxable? Understanding IRS Guidelines
Workers’ compensation is a type of insurance that provides financial support to employees who experience work-related injuries or illnesses. These benefits cover medical expenses, lost wages, and rehabilitation costs, ensuring injured workers can recover without financial stress.   Common scenarios for workers’ comps include injuries from workplace accidents, illnesses caused by exposure to harmful substances, or …
How to Calculate Capital Gains Tax: A Beginner’s Guide
Capital gains tax is a levy on the profit earned from selling an asset that has appreciated in value. It applies when the selling price of an asset exceeds its purchase price. The sale of investments like stocks, bonds, real estate, and other valuable assets such as collectibles or cryptocurrency typically triggers this tax. Understanding …
Is Chime a Real Bank or Fintech & How Does It Work
Chime is a popular financial technology (FinTech) company that offers digital banking services through its mobile app. While it doesn’t operate as a traditional bank with physical branches, Chime partners with FDIC-insured banks to provide secure banking services. This partnership allows Chime customers to access checking and savings accounts, debit cards, and other financial tools.  …
What Does “Six Figures” Mean & How Can You Earn It
Earning six figures refers to making between $100,000 and $999,999 annually. This income range is often seen as a milestone in financial success, symbolizing comfort and greater opportunities. For many, reaching this salary level represents financial stability, allowing for more discretionary spending, investment opportunities, and freedom to enjoy a better lifestyle. It’s frequently viewed as …
What Is Risk Management? Key Concepts Explained 2024
Risk management is the practice of identifying, analyzing, and dealing with uncertainties that may impact a project, business, or decision-making process. At its core, it’s about recognizing potential risks before they become more significant problems and finding ways to prevent or reduce their impact. Risk management ensures you stay ready for the unexpected. Why does …