Credit Sesame’s personal finance news roundup June 14, 2025. Stories, news, politics and events impacting personal finance during the past week. Consumer inflation slows to…
PeopleImages/Getty Images Key takeaways By refinancing an FHA loan to a conventional loan, you could lower your interest rate and eliminate mortgage insurance payments. To qualify for a conventional refinance, you’ll need a minimum 620…
Key takeaways Building home equity can not only be a reliable way to create wealth but can also help you maintain the home while you’re living in it. Building home equity generally involves increasing your property’s value or decreasing your mortgage debt, or some combination of both. Increases in home…
If you’re worried about owing gift taxes if you give money or property away, keep this in mind: Very few taxpayers end up on the hook for this particular tax. There are two reasons why. You can give away up to $19,000 in 2025 (it was $18,000 in 2024) per…
kate_sept2004/GettyImages Key takeaways The sales tax deduction is one piece of the SALT, or state and local taxes, deduction. You must itemize to claim it, and you must choose between claiming sales taxes or state and local income taxes. In addition to sales or income tax, you can also claim…
Key takeaways Rewards credit cards that offer travel-related benefits often come with restrictions on what’s considered a travel purchase. In addition to issuer-specific rules, merchant category codes affect whether individual purchases code as travel transactions. If an individual transaction does not code as travel, you won’t earn travel-category rewards or…
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Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of Bitcoin.…
