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What should I know about taxes when I invest?

You typically only have to pay taxes on the sale of investments when you receive a gain. To figure this out, you have to subtract the cost basis of your i...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What does it mean when unemployment is falling?

When there is a negative output gap, the economy’s resources—its labor market—are being underutilized. Conversely, when there is a positive output gap, th...

Can a single member LLC open a brokerage account?

Once the LLC is set up, you can open a brokerage account in the name of the LLC and transfer existing assets. Then you can buy and sell stocks and bonds w...

How do I know if I should refinance?

When it’s a good idea to refinance your mortgage Consider refinancing if you can lower your interest rate by one-half to three-quarters of a percentage po...

What credit bureau does Macys check?

What Credit Bureau Does Macy’S Use? Macy’s pulls credit scores from one of the big three bureaus (Experian, TransUnion, Equifax). Is it hard to get approv...

What age is full retirement for 1972?

Currently, the full benefit age is 66 years and 2 months for people born in 1955, and it will gradually rise to 67 for those born in 1960 or later. Early ...

Do dependents pay federal income tax?

All dependent children who earn more than $12,400 of income in 2020 must file a personal income tax return and might owe tax to the IRS. Earned income onl...

Does credit rating follow you overseas?

Credit scores are a statement of ‘creditworthiness’ – the likelihood a borrower will default on their debt obligations. They are calculated differently fr...

What is considered income for Medicaid in NY?

2021 Income & Resource Levels* Family Size Medicaid Income Level for Single People & Couples without Children Net Income for Families and Individu...

Can you have two primary residences for insurance?

If you have more than one home, yes. Each property you own needs its own insurance policy, because each home is different. Either they’re constructed out ...