Financial Education Center

Understanding the Net Investment Income Tax

If your income hits a certain level, you may face an additional wrinkle in calculating your taxes: the net investment income tax (also referred to as the unearned income Medicare contribution tax).

New College Cost Data for 2020-2021 School Year

Every year, the College Board releases updated college cost data and trends in its annual report.

How COVID-19 Has Changed Consumer Behavior and the Future of Retail

U.S. consumer spending accounts for about two-thirds of all economic activity, so it's good news that many businesses and consumers have adapted quickly to the new normal created by the pandemic.

Consolidated Appropriations Act Provides Relief to Individuals and Businesses

On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. Major relief provisions are summarized here, as well as some additional tax provisions.

2020 Year-End Tax Planning Basics

The window of opportunity for many tax-saving moves closes on December 31, so it's important to evaluate your tax situation now, while there's still time to affect your bottom line for the 2020 tax year.

First Bank Commits to Technology in Education

Throughout its 100 year history, First Bank has been committed to being a responsible corporate neighbor and an active member of the communities in which it serves.