Who is “FICA” and why does he get so much of my paycheck? Because it funded a program designed to address the problem of economic security for the aged through a contributory system in which the workers themselves contributed to their own future retirement benefit.
The dream is to be your own boss and work for yourself. However, with that dream comes with self employment taxes, Schedule Cs and many accounting decisions.
Capital gains or losses come from the sale of a capital asset. However, the IRS considers more than just your stocks and mutual funds capital assets.
Sure you pay Social Security taxes, but how much do you know about the actual program? Learn more in this Financial Tip.
The markets closed the week on a strong note with the Dow above 14,000 for the first time in nearly six years.
Hosts discuss retirement planning by simply saving your age plus two zeros.
In today’s Marietta Daily Journal, Bil Lako, CFP®, highlights more tax law provisions including estate tax and mortgage debt relief. Read the Article This article is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently be traded by Henssler Financial. All material presented…
As the subject of taxes is often political, history shows top earners generally pay more taxes.
Capital gains are generally taxed, but if you’re selling a sole proprietorship, you may have some flexibility. Read more in this Business Tip.
Tired of the cold and snow? Before you escape to warmer climates, could you afford it if you had to cancel the trip? Learn more in this Insurance Tip.