Tax Benefits for Single Parents
Being a single parent is difficult. The IRS has some tax benefits that may be beneficial for your household. Read all about them in this week’s Tax Tip.
Being a single parent is difficult. The IRS has some tax benefits that may be beneficial for your household. Read all about them in this week’s Tax Tip.
Senior Associate Jarrett McKenzie, CFP®, CWS®, joins Research Analysts Nick Antonucci, CVA, and Jacob Keen to address a listener’s concern that following our Ten Year Rule would cause one to lose principal in terms of purchasing power. They discuss how the Ten Year Rule works in periods of recession and inflation, giving examples of how our investment strategy works.
Mutual funds have an inherent lack of tax efficiency. A better approach for some may be a separately managed account. We explain in this week’s Financial Tip.
After being closed for the Christmas holiday, the markets opened Tuesday with a quiet session, as trading volumes generally dwindle around the holiday period. Despite not making a move of at least 1% in either direction since Dec. 7, the Dow Jones Industrial Average extended a post-election rally that has lifted it 8.8% since Nov. 8 and brought its 2016 gain to 14%. /p>
Business owners: Reminder about the new January 31 deadline for submitting Forms W-2 and certain Forms 1099-MISC. Read more in this week’s Business Tip.
When determining Medicaid eligibility, assets and funds that are exempt are not exempt from recovery proceedings. We explain in this week’s Insurance Tip.
Before you convert your home to a rental, be aware of the tax implications regarding capital gains and deductions. Learn more in this week’s Tax Tip.
Retirement planning is not an exact science. Your specific needs depend on your goals and many other factors. We explain in this week’s Financial Tip.
When replacing a business vehicle, it makes a difference tax-wise if you sell or trade it in for the replacement. Read all about it in this week’s Business Tip.
If you invest in stocks, you may have an opportunity for tax savings before year-end. We explain in this week’s Tax Tip.