Solutions to Make Better Decisions with Your Taxes and Money

5 Capital Gains Mistakes that Could Cost You

What you should know before you sell. If you’re thinking about selling assets, such as stock, you’d better plan ahead. A little planning now can save you lot of capital gains tax later when you file your return. Here are some mistakes to avoid and what you can do to keep from paying higher capital […]

6 First-Time Tax Filing Tips

The way people sometimes talk about tax return preparation, you’d think filing your tax return is the root canal of personal finance. If this is your first time filing, you may be dreading the experience. You may be in for a surprise. Preparing a tax return doesn’t have to be difficult. In fact, as a […]

Tax Benefits: Education Tax Credits Mean More Money In Your Pocket

You can still get tax benefits for higher education expenses. If you or your family members attend or are planning to attend postsecondary school in 2013, you can count on education tax credits to help you defray the cost. American Opportunity Credit (formerly the Hope Credit) One tax benefit is not only extended, it’s also […]

What’s At Stake If You Miss the Deadline to Get Health Insurance?

The deadline to get health insurance is approaching. If you don’t have access to employer-provided health insurance and you don’t qualify for Medicaid or Medicare, you need to make sure you have health insurance that meets the requirements of the Affordable Care Act (ACA) by January 1, 2014. If you don’t get qualified health insurance […]

Gift Tax: The Tax Implications of Supporting Adult Children

Do you currently have your adult child(ren) living under your roof? If you are supporting adult children, or even give them a helping hand now and then, you’re not alone. In today’s tough job market, getting a good career started can take a little longer than planned. The last thing you need when you’re trying […]

6 Little-Known Ways to Pay Fewer Taxes

You probably keep track of your itemized deductions, including mortgage interest and charity deductions. You may get a credit for childcare expenses, or take advantage of any of a number of common tax breaks. The tax code is complex, and there’s bound to be something that can lower your tax bill. What could you be […]

Renting vs Buying a Home

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

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 […]

Affordable Care Act 2014 Premium Tax Credit and Penalties

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 […]