Personal Finance and Tax Tips You Can Actually Use. It’s how we ACT.
Did you sell a house, some investments, or even a car this year that you may need to report as the sale of a capital asset? If you sold an asset, possibly at a profit, you’ll generally pay less tax on the gain than you would pay on ordinary income, such as wages. You must [...]
What was that fiscal cliff all about? How does the fiscal cliff “fix” affect you? Late last year, we heard a lot about the so-called “fiscal cliff” – a combination of spending cuts and tax hikes set to automatically take effect unless the parties in Washington came to some kind of compromise. The scenario was [...]
