What health-care provisions are effective in 2013?
2013 will be a significant year for health care. We highlight some of the provisions that may affect you in this Insurance Tip.
Reap the Tax Benefits of Education Planning
The tax code includes a number of incentives that can provide tax benefits when obtaining a higher education. Learn more in this Tax Tip.
Real Estate Investment Trusts (REITs)
If you are interested in the income of a real estate investment without becoming a landlord, you may consider a REIT. Learn more in this Financial Tip.
Sequestration Threatens Direct-Payment Bond Subsidies for Issuers
Local governments that have issued direct-pay bonds, such as Build America Bonds, should be aware that their subsidies from the federal government on those bonds are potentially subject to the budget cuts mandated as part of the so-called “fiscal cliff.” Those subsidy payments cover 35% of the interest costs on direct-pay bonds. Should the scheduled sequestration take effect, subsidies on direct-pay bonds would be cut an average of 7.6%, according to the Office of Management and Budget.* Issuers would typically be responsible for making all interest payments on their own. Build America Bonds have not been issued since 2010.
Change in FDIC Deposit Insurance
Noninterest-bearing transaction accounts, used by many small businesses, local governments, and nonprofit organizations, have had unlimited deposit insurance from the Federal Deposit Insurance Corporation since the 2008 financial crisis. However, that program is scheduled to expire as of December 31, 2012. The previous limit of $250,000 on a single account will be reinstated unless new…
Are You Required to File 1099s?
Businesses: Don’t forget to issue contractors Form 1099-MISC if you paid them more than $600 for services during the year. Learn more in this Business Tip.
Will debt consolidation hurt or help my credit rating?
The main goal of debt consolidation is to make your payments more affordable—but can it hurt your credit rating? Read more in our Marietta Daily Journal blog post. 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…
It depends: The Gift of the MAGI
In this week’s Marietta Daily Journal, Bil Lako, CFP® highlights some of the many ways the IRS wants you to calculate your MAGI. 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…
Is it possible to name a charity as the beneficiary of my life insurance policy?
Love giving to your favorite charity? Consider making them the beneficiary of your life insurance policy. Learn more in this Insurance tip.
Year-End Charitable Giving
Charitable giving can be enhanced using income tax deductions. Consider including it as part of year-end tax planning. Learn more in this Tax Tip.