Which Debt Should You Pay Off First?

September 07, 2020 by First Federal Bank

Between credit cards, student loans, car loans, and mortgages, you’re probably carrying some debt. On the surface, managing your debt can seem relatively easy — just make minimum payments. However, if you’d like to pay down your debts and increase your cash flow, you have some choices to make. Namely, which debt should you prioritize? Here’s a...

Topics: Mortgage Lending, Personal Banking, Saving Money, College, Financial Education, Credit Cards, Personal Lending, Taxes

Big Tax Mistakes Small Businesses Should Avoid

August 26, 2020 by First Federal Bank

Tax season is never a fun time of the year, but it’s important not to treat doing your taxes as yet another item to quickly cross off your to-do list, especially as the owner of a small business. There are a few common tax errors small business owners are prone to making, and avoiding them could save you a pretty penny.

Topics: Small Business, Taxes

Personal Taxes 101: Know the Basics

August 17, 2020 by First Federal Bank

When it comes to the responsibilities of adulthood, independence and enjoying an American lifestyle, few obligations are as daunting as paying your taxes. To those who have never had to do so before, filing yearly tax forms, learning the terminology, sorting through mountains of paperwork, and tracking your refund can be an overwhelming task....

Topics: Financial Education, Taxes

Are You Taking Full Advantage of Direct Deposit?

August 03, 2020 by First Federal Bank

It’s easy to take conveniences like direct deposit for granted without fully understanding how it works or why you should use it. You may have questions concerning direct deposit, so we want to make sure you fully understand the system.

Topics: Online Banking, Personal Banking, Taxes

Tax Deductions During Life Transitions

June 12, 2020 by First Federal Bank

As you transition into different stages of your life, you may be able to save more on your taxes with new and bigger deductions. The following are a few of the major ways you can do so.Education deductionsEducation is expensive, but deductions can help you get some of your money back. If you were a student in 2019, the IRS offers a number of...

Topics: Saving Money, Taxes

When to Bring in the Tax Pros

May 04, 2020 by First Federal Bank

Having a professional tax advisor in your corner can help you cut through the dense thicket of paperwork, letting you focus more of your attention and energies where needed.

Topics: Taxes

Tax Filing Tips for Retirees

February 01, 2020 by First Federal Bank

When you’re retired and on a fixed income, tax mistakes can have lasting repercussions. Keep these tax filing tips in mind when tax season comes around.

Topics: Saving Money, Taxes