Should You Buy or Lease Your Next Vehicle?
With new vehicle prices averaging over $48k and rising interest rates, should you buy or lease? We cover points you should consider.
Purr-fect Savings: The Secrets of Pet Tax Deductions
While most pet expenses aren’t tax-deductible, there are some exceptions for service animals, guard dogs, fostering, and professional breeders.
Saving for College: 529 Plans vs. Roth IRAs
Big news for college savings and retirement planning! Starting in 2024, you can roll over extra funds from a 529 plan into a Roth IRA for the same beneficiary. Compare the key features of these two tax-advantaged accounts to see which might be best for your family’s future.
Tax Treatment of Home Energy Rebates
Many states have applied for or have received optional early funding to jumpstart their home energy rebate programs. Rebates are expected to be available in some states starting in 2024.
Unlocking Financial Relief: How Medicaid Waiver Payments Offer Tax Benefits and Tax Free Income
Dive into the complexities of Medicaid waiver payments, a crucial lifeline for caregivers in the U.S. Learn about their tax implications, relationship with the Earned Income Tax Credit (EITC), and proper reporting methods. Maximize your benefits and ensure compliance with IRS guidelines.
Social Security 101
Learn the basics of Social Security benefits. Understanding full retirement age, claiming options, spousal benefits, and more can make a big difference in your financial future!
Understanding the Tax Implications of Inheriting or Receiving a Home as a Gift
Inheriting vs. Gifting: What’s the better tax move for a home? Discover the tax implications and key considerations when deciding whether to receive a home as a gift or as an inheritance.
What Stubborn Inflation Could Mean for the U.S. Economy
It’s important to keep in mind that the most dangerous battle against inflation seems to have been won. The issue now is that there has been upward movement during the first three months of 2024.
Relief for Certain RMDs from Inherited Retirement Accounts for 2024
The IRS has announced relief and guidance for certain RMDs from inherited retirement accounts for 2024.
Is Tip Fatigue Wearing You Out?
Are you feeling the ‘tip creep’? Learn about the evolving tipping culture and how to navigate the new norms. From digital prompts to inflation impacts, find out why tipping expectations are on the rise.