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1500 questions
23
votes
6 answers
Is the Standard Deduction better than Itemized when both are the same amount?
For 2018 the standard deduction is $12,000 for individuals, $24,000 per household. If someone's itemized deductions equals the standard deduction, or is very close, which one is better to take?
For example, my understanding is if you itemize, then…
jimp
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23
votes
7 answers
What happens if I deposit a check and forget to endorse it with my signature on the back?
What if I deposit a check into a Bank of America ATM but forget to endorse it with my signature on the back of the check?
InquilineKea
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23
votes
3 answers
Someone wants to pay off my credit card bills. Am I being scammed?
The person in question is my sugar mother and she doesn't want any of my information, she's offering me her bank account # and she sent me a picture of her ID to prove that she's who she claims to be(and I've video chatted her before as well.) Any…
Jfimch
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23
votes
10 answers
Someone asks you to co-sign a loan. How to reject & say "no" nicely or politely?
Hypothetical situation:
A dear friend or family member comes to you and asks you to co-sign for their loan. Let's say the reason they need the money is not a life-or-death type of situation. Perhaps they need something (a car, to get to a job) or…
Chris W. Rea
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23
votes
4 answers
High conversion fee for failed bank transfer
I asked my Swedish bank to transfer to my UK bank 50,000 euros through a SEPA payment. Unfortunately, the IBAN and BIC were old and no longer in use and the UK bank returned the money the same day, i.e. the transaction failed. The 50,000 euros was…
Ekorre
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22
votes
9 answers
Online money management applications: Do you trust Mint.com or Quicken Online, or other personal finance tools online?
For online applications such as Mint and Quicken (online), to automatically update your accounts, they'll always ask you to enter your login info to your banking and/or investment accounts.
Do you trust giving out these types of personal…
interneter
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22
votes
6 answers
Does a direct deposit arrangement also enable direct withdrawals?
Suppose, for example, an employer in the United States deposits employees' paychecks directly into their bank accounts. If they determine (whether correctly or incorrectly) that a former employee was paid more than they should have been due to a…
Unknown Shoulder
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22
votes
9 answers
Why do banks give small APR loans
I apologize if this has been asked before....
If you can reasonably expect to profit 6% or more from index funds and there are other ways to make a reasonably safe 6% on the stock market....
Why do banks loan money to people (for housing, cars,…
xyious
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22
votes
5 answers
My tax refund is exactly $3000. Did I hit a cap?
My tax refund this year will be $2,043 from the federal government, and $957 from New York State. That comes out to exactly $3000. I figure the chances of that happening are pretty low.
Is there some law I'm running into that is capping my tax…
David says Reinstate Monica
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22
votes
2 answers
Why use a stop-limit order instead of a limit order?
"A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher." - Investopedia
"A…
Toby
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22
votes
1 answer
Can I expense when buying my own lunch
I am organized as a single member LLC. And I work from home. I see that some corporations buy their employees lunch and expense it.
My question is... Can I order lunch or go out to eat by myself and expense it?
It seems only fair because I'm an…
jason
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22
votes
4 answers
What are reasonable fees for financial advice?
I'm currently looking for a fee-only financial advisor. About 15 years ago I met with someone who prepared a simple financial plan over a few hours; this cost me $300 and was among the best choices I ever made. Their plan greatly simplified my…
Daniel R. Collins
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22
votes
2 answers
Are BIC and SWIFT code the same things?
I'm helping a friend with submitting an expenses claim to a US organisation we're both involved with. As the money is coming from a US bank, we can't just give them an IBAN and a BIC and be done with it. Instead, we've got to supply full swift…
Gagravarr
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22
votes
4 answers
Did an additional $32 billion necessarily get invested into Amazon.com stock on October 26th, 2017?
The share price went up about 6.9%, and the market cap is $466 billion. Does that mean that that much new money had to have been invested after hours? Would it otherwise be possible for the stock price to go up like that?
J. Doe
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22
votes
5 answers
Could the loan officer deny me even if I have the money as a first time home buyer?
As of right now I am a senior in college in the United States. I have managed to secure a job once I graduate in May making around 78K. I started working at my year long internship in May of this year. My plan was to try and buy a small…
Jghorton14
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