The question you will face is whether you can deduct these fees immediately or whether they are added to the cost basis of your home.
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Financial Health
Taking control of your financial health starts with education.
Look Out for Tax Fraud Schemes
Get a head start on tax season this year by protecting yourself and your loved ones from these financially disastrous scams.
Can I Deduct Home Office Expenses?
If you use part of your home to conduct your trade or business, you might be able to deduct certain related expenses. To qualify for the home office deduction, you must pass certain tests.
What Kind of Insurance Coverage Do I Need For My Small Business?
Your insurance needs will obviously depend in part on the type of business you operate. However, all business owners should consider at least three types of insurance.
Unlock the Power of Your Credit Score in 2024
A credit score might seem like a mysterious three-digit number, but it holds significant influence over your financial life. Whether you’re applying for a loan or a credit card, renting an apartment, or even setting up utilities, your credit score plays a crucial role in the decisions that lenders, landlords, and service providers make.
Are My Student Loan Payments Tax Deductible?
Your actual student loan payments aren’t deductible, but the interest portion might be, thanks to the student loan interest deduction. In 2023, the maximum deduction is $2,500. You don’t need to itemize to claim this deduction.
Get Ahead of Your Debt
For many of us, November and December kick off a season of celebrating, family, feasting, and yes…spending. The holidays are a chance to make memories, but this can also be a time of financial stress—especially if you wait until the last minute to make plans.
Identity Theft Can Happen to Anyone
According to the Federal Trade Commission’s Consumer Sentinel Report published in 2023 and covering the full year of 2022, reported cases of identity theft have increased by over 584% in the last 20 years.
Starting a Business Checklist
Thinking of starting a business? This handy checklist can help you stay organized as you start your journey, from vision to reality: General Information ▢ 1. Has relevant personal information been gathered for all participants in this business? ▢ 2. Has financial...
How Much Money Do I Have to Put Down to Buy a House?
In the past, lenders traditionally required a down payment of at least 20% of the purchase price of a home. Today, many lenders offer loans with lower down payments. In addition, certain private and government entities have low down payment programs.
Recent News
Save to Win Share Certificate Participants Celebrate Big Wins
26 members won a combined $7,300 in the monthly and quarterly Save to Win 12-month Share Certificate¹ prize drawing² earlier this month — including two big quarterly winners of $5,000 and $1,000. What would you do if you got the call announcing a surprise windfall? Anthony, the $1,000 quarterly prize winner, quite literally jumped for joy when he heard the good news.
SESLOC President & CEO Announces Retirement
SESLOC Credit Union announced today that Geri LaChance will retire as President and CEO effective June 2024 after 12 years of leadership at the credit union. LaChance will be succeeded by Executive Vice President/Chief Financial Officer Mike Quamma.
2023 Year in Review
On the corner of People & Place, amazing things happen. Let’s take a look a back at what we’ve achieved together.
SESLOC Employees Cut Nearly 10,000 Miles Through Alternative Commuting
SESLOC employees cut back on nearly 10,000 miles this past quarter, saving 3.87 tons of carbon dioxide from entering our local air. Methods including like riding a bike, taking the bus or carpooling instead of driving alone, or telecommuting. Reducing our carbon...
SESLOC Cares for Community Award: Mike Byrd
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Mike Byrd, from the 5Cities Homeless Coalition.
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