While it is difficult to enjoy paying income tax, the principle is straightforward. Federal taxes pay for many services, like roads, schools, and National Parks. In fact, about half of federal revenue, or $1.688 trillion, comes from income taxes. … [Read more...] about 5 Tips to Make Filing Your Taxes a Breeze This Year
When deciding whether you should apply for a home equity loan or line of credit there are a plethora of items to think over. Although the line, terms, interest rates, and availability of funds are certainly important, many lose sight of the tax … [Read more...] about Is Interest from A Home Equity Loan Tax Deductible?
While it's important to take care of family finances now, you should also plan for your family's future. No one likes to think about death, but in order to protect your family, you'll need to think about how your family will fare in the … [Read more...] about How Protecting Your Estate With a Will Protects Your Family
The tax deadline is approaching fast, and people still working on their tax returns may look to the IRS directly for help to quickly resolve issues. If you find yourself in this situation, how could you to talk to a live person at the … [Read more...] about How to Talk to a Live Person at the IRS
If you have a child in college, or you are pursuing a post-secondary degree for yourself, you may have received a 1098-T statement from your university. I received one in the mail as it's my son's first year in college. I didn't realize exactly … [Read more...] about Reduce Your Tax Bill Up To $2500 With The American Opportunity Tax Credit
In December Congress passed, and the President signed into law a tax reform bill. There's been, and continues to be, much discussion about exactly who benefits the most from the changes. That's something that will likely not be fully … [Read more...] about Will The SALT Tax Deduction Change Affect You?
There's a lot of talk regarding changes to taxes lately, and it's extremely difficult to determine exactly how they will affect you specifically. One of the things being discussed is repealing the property tax deduction. How would … [Read more...] about How Would You Be Affected By A Repeal Of The Property Tax Deduction?
Have you noticed a bump in your paycheck lately? If you have a high income, as the end of the year approaches you may notice an increase in your paycheck even though your gross income has not changed. This isn't a mistake, the money is yours. You … [Read more...] about What Is The Social Security Tax Maximum?
