MORTGAGE INTEREST DEDUCTION
An itemized deduction which allows homeowners to reduce the interest they pay on any loan used for building, purchasing, or improving their residence. It can also be taken on loans for secondary homes and vacation residences but with some limitations. The amount of deductible mortgage interest is stated annually by the mortgage company on Form 1098.
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Property Tax Deduction
State and local property taxes that are generally deductible from United States federal income taxes. These include real estate taxes, which includ ...
Doji
Candlesticks giving details on their own and shows numerous patterns. It forms when the security’s open price and close price are almost equa ...
Nonpersonal Time Deposit
Time deposit accounts held by corporate bank customers that pay a fixed amount of interest for a specified time period. Money may not be withdrawn ...
Jobless Claims
Number of individuals who have filed or are filing to claim unemployment insurance benefits, which is reported weekly by the US Department of Labor ...
Form 1065
A tax document used to report the profits, losses and deductions of a business' partners. Form 1065 is part of the Schedule K-1 document, and i ...
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SEE FOREX TUTORIAL
Buying a Home: Getting Into the Escrow Process
You write an offer and the seller accepts it. Deal closed. It is about time to go through the escrow process. Why does a buyer need to undergo this ...
Digesting Financial Statements: System
A financial statement serves as an avenue for assimilating the overall health of a business. Let’s illustrate the four key steps in a cash-ba ...
Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
Connection of Inflation and Interest Rates
We cannot simply ignore the connectivity of inflation and interest rates. Both items are interrelated. So, whenever there is a news item about a co ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Economy Watchers Survey | Nov | |
| 09:00 | Industrial Production | Oct | |
| 10:00 | SECO Consumer Confidence | Nov | |
| 11:30 | Sentix Investor Confidence | Dec | |
| 01:50 | M2 Money Supply + CD | Nov | |
| 02:01 | BRC Retail Sales Monitor | Nov | |
| 02:30 | NAB Business Confidence | Nov | |
| 05:30 | RBA Interest Rate Decision | Dec | |
| 05:30 | RBA Monetary Policy Statement |
