FICA is an acronym for a specific type of federal payroll tax. FICA stands for the Federal Insurance Contributions Act, and business owners are legally required to deduct this tax from each employee’s paycheck. The main purpose of FICA is to help fund Social Security and Medicare programs, which provide benefits for retirees, disabled individuals,… Continue reading What is the FICA Tax?
Can I Get a Cash Advance Through Apple Pay?
Need money to make it to your next payday? While Apple Pay is a handy tool to have on your phone if you don’t want to carry a wallet, you can’t apply for a cash advance just through Apple Pay. That being said, you can use a linked credit card with Apple Pay to take… Continue reading Can I Get a Cash Advance Through Apple Pay?
401(k) Contribution Limits for 2025
401(k) contribution limits for 2025 are setting a new precedent. If you are focused on saving for your future, understanding the new contribution changes is important for your budgeting plan for this year! If you aren’t familiar with how this type of retirement planning works, let’s start with the basics. A 401(k) plan is a… Continue reading 401(k) Contribution Limits for 2025
6 Surprising Things Your Car Insurance Won’t Cover
Unexpected Situations Your Car Insurance Won’t Cover Car insurance helps us feel a little bit safer on the road. While you can’t prevent accidents from happening, you can be a safe driver and protect your vehicle while making both short and long-distance journeys. Knowing what your car insurance policy covers can help you better plan… Continue reading 6 Surprising Things Your Car Insurance Won’t Cover
Child Tax Credit 2024
What is the Child Tax Credit? Tax season is right around the corner, and many parents are gearing up to file their returns. The Child Tax Credit of 2024 is meant to give parents a tax break. This break can be up to $2,000 per eligible child. A portion of this credit (up to $1,700)… Continue reading Child Tax Credit 2024
Emergency Disaster Loans
Disaster Loans and Fast Alternatives for Evacuation and Recovery Emergency disaster loans, otherwise known as SBA disaster loans, are designed to help homeowners, renters, and businesses of affected states recover after a disaster. These loans, available through agencies like the SBA, often have lower interest rates and extended repayment terms. However, they typically require a… Continue reading Emergency Disaster Loans
What is a Personal Line of Credit?
A personal line of credit, otherwise known as a PLOC, is a revolving type of credit issued to you by a financial institution or bank that you are currently an active member or customer of. Similar to a credit card, a line of credit has a predetermined amount that you are allowed to borrow and use… Continue reading What is a Personal Line of Credit?
How to Save Money in 2024
Financial emergencies can happen at any time, and the best way to prepare yourself is by building up a savings account. According to the data released by the Federal Reserve, more than one-third of Americans don’t have enough money saved up to deal with a $400 emergency. In fact, most are living paycheck to paycheck… Continue reading How to Save Money in 2024
How to Save Money Buying a Car
If you’re like most shoppers, you prefer to save whenever and however you can. For many Americans, having a car is an important part of life and essential for travel. A car loan can take up a considerable amount of your budget, so shopping smart is the biggest tool you can have in your toolkit. … Continue reading How to Save Money Buying a Car
Best Practices with Managing a Credit Card
Navigating financial challenges is hard enough to do on your own. With vast amounts of choices, lenders, credit card providers, and more, you need help finding something right for you and your financial goals. With Max CashⓇ, you can access one-stop-shop for financial products with candid services, understanding, and over a decade of financial experience. … Continue reading Best Practices with Managing a Credit Card
