IRA Contributions for High-Income Earners

For most high-income earners, the decision to make an IRA contribution is a personal one. One significant benefit of contributing to a Traditional IRA is the tax-deferred growth; however a significant drawback is the growth portion of future distributions is taxed as regular income. For the benefits and drawbacks of IRA contributions for high-income earners, read this Financial Strategy.

Credit Freeze

Legislation in Georgia has made credit freezes an effective and economical way to curb identity theft. Credit freezes lock your credit records so that no one other than you can establish new credit in your name. For more on credit freezes and how they differ from fraud alerts, read this Financial Strategy.

Child Care Tax Breaks

If you pay for child-care expenses so that you may work, you may be eligible for the Child and Dependent Care Credit on your federal income tax return. The credit can be up to 35 percent of your qualifying expenses, depending upon your income. For more information on this tax credit and the limitations on the credit, read this C.P.A. Insight

Identity Theft

Your identity can be stolen in many obvious places, such as businesses you patronize, your mailbox or directly from you. It is virtually impossible to eliminate the risk of identity theft. For more information on how thieves may potentially obtain your information and how you can minimize your risk of becoming a victim, read this Financial Strategy.