Thursday, August 31, 2017
Health Savings Accounts can be a source of retirement funds when properly positioned with other retirement fund options, but it's important to know their advantages and disadvantages.
Monday, August 28, 2017
If you are in a position to give, making annual gifts can be an excellent strategy for reducing both your estate and income tax liability. Doing your gift-giving during midyear rather than late in the year is especially smart if you are gifting income-producing real estate. By doing so, you may further reduce your 2017 tax liability.
Thursday, August 24, 2017
For a parent, estate planning is especially important. The first priority is to make sure your children are protected in the event that something happens to you. Your estate plan should appoint guardians for your minor children, as well as provide for their financial well-being.
Thursday, August 17, 2017
"Dad, I need some extra money to go to the movies with my friends." If you are a parent, you've probably heard countless requests like this. Learn some simple ways you can connect with your kids by teaching them about personal finance.
Tuesday, August 15, 2017
If you were subject to a casualty loss and received a reimbursement from your insurance company, this can result in taxable income. There are specific rules related to casualty gains that can help you determine how this affects your situation.
Thursday, August 10, 2017
The home office tax deduction is a tricky area of the tax code. Some taxpayers are so wary of the deduction that they simply opt not to take it. If you're in this group, read the common mistakes and then get help. Don't miss out on this tax benefit if it applies to you.
Monday, August 7, 2017
Your teenage child is probably eager to make some money this summer. Hiring him or her to work for your company may offer benefits to both of you.