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Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

Tag Archives: Tax Savings Tips

Deadline Approaches for Mandatory IRA Withdrawals

By Jason Alderman Reaching your 70th birthday is a momentous cause for celebration. But thanks to a quirk in our tax code, a potentially more important milestone arrives six months later. That’s because IRS rules say that, with a few exceptions, you must begin taking required minimum distributions (RMDs) from any IRAs, 401(k) plans and other tax-deferred retirement accounts you own beginning in the year you reach age 70 ½  …Read More

Energy-Efficiency Tax Credits Expire Soon

By Jason Alderman Senior Director, Global Financial Education, Visa, Inc. If you haven’t already jumped on the home energy-efficiency bandwagon, the good news is that several federal energy tax credits originally slated to end in 2010 were extended through December 31, 2011; but the not-so-good news is that these credits are worth significantly less and are more restrictive than before. All is not lost, however, since several additional credits (outlined …Read More