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Tips

Budgeting the same for all the months is a pitfall. Here’s some things unique to January that you should be budgeting for.

Posted January 4, 2014
Tips

Receiving a notice from the IRS can be daunting. Here’s some facts to eliminate the fear of the unknown.

There are a multitude of reasons the IRS sends notices to millions of taxpayers per year.

More times than not, a notice sent by the IRS is specific to one issue. The most common reasons are:

Posted January 4, 2014
Tips

Children may raise your blood pressure but they can lower your taxes. Here’s how:

Depending on your situation, there are a few ways children can lower your taxable income.

Posted January 1, 2014
Tips

Dealing with unfiled past taxes isn’t as stressful as it you might think.

Posted January 1, 2014
Tips

A third of major retailers’ revenue comes from the last 2 months of the year. So obviously the Holiday season gets people to spend way more than usual.

Posted December 23, 2013
Tips

If you sold your home this year for a profit, it may not be taxable income!

In most cases, if your home has been your primary residence 2 out of the 5 years you’ve owned it, you may not have to report it as income. Usually, you don’t have to report up to $500,000 dollars for joint returns—$250,000 for individuals.

Posted December 21, 2013
Tips

Deduct the money you put towards a Health Savings Account!

Contributions you make to a Health Savings Plan are deductible and the withdrawals you make from it are tax free when you use the money towards medical expenses.

Posted December 14, 2013
Tips

Sure you’ve got an idea of what you’re gonna spend on Holiday gifts but what about all the costs that sneak up on you?

Posted December 7, 2013
Tips

Looking for ways to ensure there’s some extra money at the end of every month? Cut out these 4 expenses.

Posted November 23, 2013
Tips

Grandparents can help with college and lower taxable income.

A grandparent helping their grandchild pay for college can be a win all around. When a grandparent that contributes to a 529 savings plan, it lowers assets within the grandparent’s estate. This helps lowering estate tax.

Posted November 21, 2013