Rule of 78s vs Pro Rata: How GAP Refunds Differ
When you cancel GAP insurance mid-term, the refund is almost never “half the premium for half the months left.” Contracts specify a refund method, most often pro rata…
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How to Cancel Gap Insurance and Get a Refund
GAP insurance (Guaranteed Asset Protection) pays the difference between your car’s actual cash value and what you still owe if the vehicle is totaled or stolen. Many buyers…
FLSA Blended Overtime Rate Explained
A blended overtime rate (also called a weighted-average regular rate) is how many employers correctly pay FLSA overtime when you work at more than one hourly rate in…
W-2 Box 12 Code TT Explained
Form W-2 Box 12 is where employers report special wage amounts using letter codes. Code TT is the overtime-related Box 12 code workers look for when federal rules…
Is Overtime Taxed? OBBBA Overtime Rules Explained
Yes, overtime is still compensation, and employers generally withhold taxes from it. What changed under recent federal “no tax on overtime” style rules (often discussed with OBBBA /…
How Much Is COBRA per Month?
COBRA monthly cost is usually the full employer health premium, what you and the company paid combined, plus up to a 2% administrative fee (about 102% of the…
Is COBRA Worth It vs the Marketplace?
COBRA lets you continue your employer health plan for a limited time after you lose coverage, usually when you leave a job, but you typically pay the full…
Leaving Your Job: Money Checklist for Your Final Paycheck
Resigning, getting laid off, or ending a contract triggers a burst of money decisions in a short window. Use this final paycheck checklist to confirm what you are…
Escrow Analysis Explained
An escrow analysis is your mortgage servicer’s periodic review of the account that pays property taxes and insurance on your behalf. The servicer projects upcoming bills, checks your…
Why Did My Mortgage Payment Go Up?
Most fixed-rate borrowers are surprised when the total monthly mortgage payment rises even though the note rate never changed. The usual culprit is the escrow portion, not the…