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Category: Tax Credit

Budget, Debt, Income, Life Changes, Saving, Tax Credit

4 smart money lessons for your kids

Your kids will learn math in school, but that doesn’t necessarily equate to personal finance. If you want them to become financially responsible adults, you should give them some training yourself. Here’s how.

Continue reading “4 smart money lessons for your kids” →

November 29, 2017November 15, 2017children, manage money, money, planning, Savings, teaching
Saving, Small Business, Tax Credit

Tax reform: what is proposed?

There is now a ton of media chatter about the recently introduced federal tax reform package being passed around in Washington, D.C. While it’s still early in the process, here are some of the key elements of the current proposal.

Continue reading “Tax reform: what is proposed?” →

November 15, 2017November 16, 2017corporate tax, individual tax, tax, tax brackets, tax rates, tax reform
Tax Credit

That’s taxable?

Taxable or not taxable? The taxability of income, gifts, or services you receive might surprise you.

Continue reading “That’s taxable?” →

Featured Post
Tax Credit

Don’t include the IRS on your gift list

Suppose a relative gives you an expensive painting. Several years later, your relative dies and you decide to sell the painting. Your accountant says you’ll owe capital gain tax on the sale, and asks for your basis in order to reduce the amount on which you’ll pay tax. What’s your answer?

Continue reading “Don’t include the IRS on your gift list” →

December 9, 2016October 9, 2017
Tax Credit

A primer of education tax breaks

Are your children in college? You may be able to offset some of the costs of their education with tax breaks.

Continue reading “A primer of education tax breaks” →

October 13, 2016October 9, 2017college, education, education expense, Tax Credit
Small Business, Tax Credit

Good debt, bad debt: What’s the difference?

Here are two questions to ask before incurring debt. What are the benefits of taking on this debt? And does the cost exceed the benefit? Continue reading “Good debt, bad debt: What’s the difference?” →

July 21, 2016October 9, 2017Debt
Small Business, Tax Credit

When disaster strikes, will your business be prepared?

Disaster preparedness involves answering the question: How would a disaster affect your business? Continue reading “When disaster strikes, will your business be prepared?” →

June 24, 2016October 9, 2017
Tax Credit

Summer day care expenses can add up to a tax credit

Did you know that you can claim a federal income tax credit when you pay someone to care for your kids while you’re at work or school? Continue reading “Summer day care expenses can add up to a tax credit” →

June 9, 2016October 9, 2017
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