3 Tax Breaks You Can Get For Taking Care of Aging Parents

Personal Finance

3 Tax Breaks You Can Get For Taking Care of Aging Parents

3 Tax Breaks You Can Get For Taking Care of Aging Parents

If you’re caring for an elderly parent, likely the last thing on your mind is whether that care entitles you to a tax break. But when you get a few moments, discussing available tax deductions and exemptions with a tax adviser could be well worth your time. “Like pretty much anything having to do with... Read More

7 TV Characters Living in Tax Nightmares

Personal Finance

7 TV Characters Living in Tax Nightmares

7 TV Characters Living in Tax Nightmares

For many people, filing taxes feels like a terrible annual chore, but it’s often a relatively short-lived one. Once you have all your paperwork, you send your tax return to the Internal Revenue Service, maybe wait for a refund, and then you don’t have to deal with it again until the next year. On the... Read More

The Balancing Act: Are You Taking Too Much Risk With Your Money?

Personal Finance

The Balancing Act: Are You Taking Too Much Risk With Your Money?

The Balancing Act: Are You Taking Too Much Risk With Your Money?

Portfolio rebalancing is simply the buying and selling investments in a portfolio to make the current asset allocation match the original asset allocation. Asset allocation is the mix and weightings of investments that make up your portfolio. The two primary asset classes are equities (stocks) and fixed income (bonds). Generally, stocks are more volatile, and... Read More

Why the IRS Should Push Tax Day to June 15

Identity Theft

Why the IRS Should Push Tax Day to June 15

Why the IRS Should Push Tax Day to June 15

The only way to stop tax refund fraud is to change the way the tax filing and refund system works, and while this may be a painful process for employers and taxpayers alike, it’s necessary.  The Problem With Data Unless you’ve been hiding out in the Unabomber Suite at the Loon Lake Lodge, you know... Read More

How to Get a Head Start on Tax Season

Personal Finance

How to Get a Head Start on Tax Season

How to Get a Head Start on Tax Season

Tax season is quickly approaching, but how prepared are you? While there might be a lot to keep track of during tax time, some proper preparation can go a long way. So, with that in mind, here are some tips on how you can get a head start on tax season. 1. Gather Information on... Read More

First Comes Love, Then Comes Marriage & Then Comes … Taxes?

Personal Finance

First Comes Love, Then Comes Marriage & Then Comes … Taxes?

First Comes Love, Then Comes Marriage & Then Comes … Taxes?

Benjamin Franklin said, “There are only two certainties in life — death and taxes.” This applied to the entire LGBT community even before Massachusetts took the first step to expedite The (so-called) Apocalypse and legalized same-sex marriage. Since then, the number of married gays and lesbian who can share in Social Security benefits and play... Read More

5 Home Upgrades That Can Lower Your Tax Bill

Personal Finance

5 Home Upgrades That Can Lower Your Tax Bill

5 Home Upgrades That Can Lower Your Tax Bill

Energy-efficient products might cost more than other models, but they essentially pay for themselves in reduced home energy costs, according to the U.S. Environmental Protection Agency. Federal income tax credits can add to homeowners’ savings. Credits for five types of alternative-energy systems, like solar water heaters, are available through the new year. That means taxpayers who... Read More

How to Get a Jump-Start on Your Taxes Now

Personal Finance

How to Get a Jump-Start on Your Taxes Now

How to Get a Jump-Start on Your Taxes Now

April and the tax-filing season may seem far away, but it’s not too early to start getting ready. It’s important not to wait until the last minute to gather your paperwork and settle up with the Internal Revenue Service. You can use a tax prep checklist to make sure you are prepared by the time the tax... Read More

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