Moving Expenses
Some moving expenses may be tax deductible if you meet certain tests from the IRS.
Itemizing Deductions—What You Can and Cannot Deduct
If it’s tax time, you are certainly looking for deductions. There are many legitimate deductions that include certain medical expense, unreimbursed employee expenses and even tax preparation fees.
Retirement Savings Contributions Credit
Low-and moderate income workers who contributed to a retirement plan, such as an IRA or 401(k), may be able to take the savers credit.
Is winter storm damage covered by my homeowners insurance policy?
Did your home’s pipes burst after a hard freeze? Winter storm damage may or may not be covered on your homeowner’s policy. Read more in this Insurance Tip.
A Mixed Session
Indices closed out mixed on Wednesday. 3M, Johnson & Johnson, Wal-Mart, and Alcoa led the Dow’s slight ascent. The S&P 500 posted marginal gains while the Nasdaq shed some points. Volatile trading action ended somewhat flat.
Do Not Base Investment Decisions on Tax Laws
The adage tells us only death and taxes are certain, but we feel tax law changes are a certainty as well. Investment decisions made based solely on tax laws might not be the best decision.