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Renting vs Buying a Home

Renting vs Buying a Home - TaxACT

It used to be the American Dream wasn’t quite complete unless it included a small piece of land with a house they could call home. Part of retirement planning was to pay off that home and live in it in their old age. Times have changed! Today’s society is more mobile. We buy and sell […]

What the Capital Gains Tax Hike Means For You

What the Capital Gains Tax Hike Means For You - TaxACT

Are you thinking about selling a capital asset at a gain in 2013? A 5% difference in tax rates makes a huge difference in your after-tax rate of return on an investment. That’s how much your capital gains rate may go up in 2013. The highest rate on capital gains is now 20% – up […]

Not Having a Last Will: The Big Mistake Most Americans Make

Not having a Last Will The big mistake most Americans make

Do you have a last will and testament? Despite being told the importance of having a last will, more than half of all Americans die without one. Making a will is not usually difficult, and it can cost less than many people spend on their cable bill for one month. So why don’t more people […]

Affordable Care Act 2014 Premium Tax Credit and Penalties

Affordable Care Act 2014 Premium Tax Credit and Penalties - TaxACT

Can provisions of the Affordable Care Act help you pay for health insurance coverage? Yes! Starting January 1, 2014, you are generally required to have adequate health insurance or pay a penalty. The good news is that if your income is within certain limits, you may qualify for an advanced premium tax credit to help […]

4 Tax Tips For Newlyweds

4 Tax Tips For Newlyweds - TaxACT

Have you recently gotten married? Getting married changes everything – your tax filing status, how much tax you pay, and more. Utilize these tax tips for getting started off right in your married life. Use the right filing status As a married person living with your spouse, you only have two choices of tax filing […]

5 Year-End Tax Planning Tips for Self-Employed

5 Year-End Tax Planning Tips for Self-Employed - TaxACT

As a self-employed person, you have more control over your eventual tax liability than someone who only earns income as an employee. To take full advantage of that extra control, follow these 5 year-end tax planning tips: 1. Estimate your business income It’s absolutely essential that you find out where you stand tax-wise – before […]

4 Tax Planning Strategies for Parents

4 Tax Planning Strategies for Parents - TaxACT

Have you started your tax planning? If you wait until preparing your tax return to start thinking about tax planning, you’re missing some of your best opportunities to save money. To really make a difference on your refund or how much you owe for 2013, start thinking about taxes before the year ends. Take a […]

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