Gambling Income and Losses
Gambling winnings are reported as income, while gambling losses are deducted on Schedule A. If you scored big at the casino, read this week’s Tax Tip.
How Much Money Should a Student Borrow for College?
The hosts of “Money Talks” address borrowing for college. The host discuss what the ideal amount of debt would be if you must take on any college debt at all. They also touch on the downside to borrowing and alternatives to help keep you cost down.
Investor, Know Thyself: How Your Biases Can Affect Investment Decisions
Over the past few decades, a field has emerged that examines how human psychological factors influence economic and financial decisions. Understanding these biases may help you avoid questionable calls in the heat of the financial moment.
The Impact of the 2014 Mid-Term Election
Now that the midterm elections are over and we have an idea of the direction our government may move in regards to immigration or health care, we wanted to take a look at some sectors we think may be affected by the results.
Affect Your Taxes with Gains, Losses
Bil Lako, CFP®, explains how recognizing your capital losses may improve your tax situation. Read the Article in Today’s Marietta Daily Journal
NQDC Plans: Funding Options
Business owners have several options when funding nonqualified deferred compensation plans. Learn all about it in this week’s Business Tip.
Commercial General Liability (CGL)
Who can be covered by a commercial general liability policy depends on the type of business. Learn what we mean in this week’s Insurance Tip.
What is the Deductibility of Interest Paid on Home Construction Loans?
The hosts of “Money Talks” discuss the deductibility of interest paid on home construction loans. With the stipulations that surround home construction loans, the hosts address why it’s best to consult a C.P.A. and how working with the same bank to convert the loan to a traditional mortgage may be in your best interest.
Getting Around the Kiddie Tax
Saving for your children’s education in their name? Don’t be deterred by the Kiddie Tax. Read more in this week’s Tax Tip.
IRA and Retirement Plan Limits for 2015
The income limits for deductible traditional IRA contributions has increased for 2015. Learn more in this Financial Tip.