Knowledge Bank

Continue your personal finance journey by learning about how financial products work and how you can use them to save for the future.

  • What is the mortgage interest tax deduction?

    The mortgage interest deduction is a tax incentive for homeowners. It’s an itemized deduction that allows homeowners to subtract mortgage interest from their taxable income,…

  • What is the standard deduction?

    The standard deduction is a fixed dollar amount set by the IRS that taxpayers can subtract from their gross income to reduce the amount of…

  • What is ROI?

    Return on investment (ROI) is a financial metric used to assess an investment’s profitability. It is one of the most commonly used metrics in finance….

  • What is cost basis?

    Cost basis is especially important when calculating end-of-year taxes. Find out what you can do to potentially reduce your bill.

  • What is a bear market?

    A bear market occurs when the stock market indices drop by more than 20% from their most previous highs.

  • Employee stock options explained

    Employee stock options are a form of compensation that some companies offer to their employees. They give employees the right to purchase company shares at a predetermined price, known as the strike price.

  • What are dividends?

    Learn how dividends work, the types of dividends, the tax implications of dividends, and dividend investing on M1.