3 Critical Credit and Tax Topics to Keep in Mind for 2024

Jul 22, 2024

The dwelling, the dollar, and the deductions – that’s the state of the day for anyone in society at the moment, what with COVID still alive and well, the economy going haywire, the housing market constantly in flux, and taxes an ever-present evolving beast.

What is a person to do, you ask? Credit scores are getting lower for countless people, it’s getting harder and harder to rent or even buy a home – or even worse, thousands of people are constantly missing out on the tax deductions they deserve, making it that much harder to manage all their finances.

It’s a difficult time for anyone

But there are resources! And, no, we’re not talking about benefits the government would offer, or shortcuts to get you from A to Z.

These resources are all about information. Value. Truth. And they’re all designed to help navigate through tumultuous waters of uncertainty. Such as:

  • What to do if you haven’t even filed your 2024 taxes, yet!

We sometimes think any tax guy wouldn’t help us with that, and the truth is that may be the case. That
“tax guy” helps us only at tax time. But what happens when we miss the window?

  • Or knowing what the five C’s of credit are!

These days it seems people are looking for the easy out in fixing their credit without knowing why their credit scores are the way they are. It’s time to learn why – right here.

  • Why your credit score makes even more of a difference in getting that home loan

Here’s the kicker with this, though: it’s not just about your credit score. But the right real estate agent who can get you the best offer based off of it!

Seriously, just based on all of that, it’s a big mountain to climb

Expectations and regulations are tightening up, and we all need some flexibility. There’s no easy fix, no one-size-fits-all Band-Aid to all of this.

That’s three things we currently need to be mindful of! We repeat: dwelling, dollars, and deductions. What can help us get those situated?

One sure thing that can help – EDUCATION

Follow those links above. Get educated on the steps you need to take in planning your taxes. Know for yourself what makes up your credit score (and how to fix it if it needs fixing!). And get the best resources in getting the ‘yes’ you want on that home loan for your dream house!

Call it a trifecta.

 

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